Year: 2017

Fred Davidson, President and CEO, stated, “We started 2017 with a clean balance sheet and no debt along with news that IMPACT was named to the 2017 TSX Venture 50. Operationally, revenues increased by 22% to $4.6 million in Q1-2017 from $3.8 million. The Company continues to improve its mine operating earnings, achieving income of $0.5 million in Q1-2017 compared to $0.3 million in Q1-2016. Earnings before interest, taxes, depreciation and amortization (EBITDA) improved to $0.3 million in Q1-2017 from $0.2 million in Q1-2016. While we cannot control the price of silver, we are committed to maximizing efficiencies and cost control through managing our operations in a disciplined manner. Building on a successful 2016, we have ongoing exploration plans at high potential targets and continue to evaluate strategic transactions to continue growing value for our shareholders.”

Highlights of the Oxide Tailings Preliminary Economic Assessment

Significant pre-tax NPV8% of US$40.5 million
Attractive pre-tax IRR of 48.4%
2 year pay-back period
Total capital expenditures of US$28.5 million
7 year mine life with LOM of 3.12 million tonnes of oxide tailings material

Para 2017, se prevé el arranque de al menos 8 proyectos mineros, cuatro de ellos son de oro, tres por plata, y uno de cobre, de acuerdo con datos de la Cámara Minera de México (Camimex).

MEXICAN GOLD CORP. is pleased to announce the appointments of Mr. Ali Zamani as Chairman of the Board of Directors and Mr. John Anderson as Director, effective immediately. Mr. Zamani replaces Mr. Brian Robertson who continues in his role as President and CEO.

First Majestic Silver Corp. is pleased to announce the voting results for the election of its Board of Directors at its annual general meeting held on May 25, 2017.

MEXICAN GOLD CORP. is pleased to announce that it has entered into an investor relations agreement with Relations Publiques Paradox Inc. pursuant to which Paradox will focus on developing and expanding the Company’s communications with the investment community through a comprehensive investor relations program. Services to be provided to the Company will include increasing visibility towards the financial community by direct introduction, marketing to the investment community to identify potential investors, use of Paradox’s proprietary database and contacts for marketing purposes, organizing presentations with interested parties, e-mail distribution of news and articles to Paradox’s investor network and handling of incoming calls from shareholders and potential investors.

The net proceeds from the Private Placement will be used to continue exploration on the Company’s Las Minas Project located in the State of Veracruz, Mexico, and for property payments and general working capital purposes.

Coeur Mining, Inc. announced today that its previously announced cash tender offer to purchase any and all of its 7.875% senior notes due 2021 expired at 5:00 p.m., New York City time, on May 25, 2017. As of the Expiration Time, $117,946,000 aggregate principal amount of the 2021 Notes were validly tendered, which excludes $282,000 aggregate principal amount of the 2021 Notes that remain subject to the guaranteed delivery procedures set forth in the Company’s Offer to Purchase, dated May 19, 2017…

Westminster Resources Ltd. announces that it has closed the first tranche of a private placement, raising gross proceeds of $978,000. The Company issued 8,150,000 units at a price of $0.12 per unit and expects to soon close a second final tranche of up to an additional $462,000.