Day: January 11, 2018

Canarc Resource Corp. announces the appointment of Jacob Margolis, PhD as the Company’s Vice President Exploration, effective January 1, 2018.

GoGold Resources Inc. announces production for the quarter ended December 31, 2017 of 261,693 ounces of silver and 1,708 ounces of gold for 392,406 silver equivalent ounces at the Parral project, an 11% increase from the prior quarter. This past quarter has been the fifth consecutive quarter of production growth as the initiatives put in place in previous quarters continue to gain traction.

“Great Panther’s 2017 production was consistent with the previous year, however, this was a considerable achievement given the work completed to accommodate the tailings expansion and plant improvements at the Topia Mine in the first quarter of the year”, stated James Bannantine, President and CEO. “We are also pleased with the recent completion of the permitting process for the Phase II tailings storage facility at Topia. While the regulatory process took longer than we expected, our team did an outstanding job of maintaining operations by extending capacity while improving the state of the existing facility.”

“2017 was a pivotal year for the San Francisco mine as we took key steps to revitalize the mine,” said Greg McCunn, Chief Executive Officer. “With the San Francisco main pit now open across multiple mining faces and a full contract mining fleet on site, we are well positioned to deliver consistent production results this year. As our new systems and processes take hold and production levels stabilize, we will be shifting our focus to cost reduction and getting the mine running as efficiently as possible. Production and cost guidance for 2018 is expected to be announced in early February.”

“With record fourth quarter gold production, Alamos achieved a new annual record, producing 429,400 ounces of gold, while delivering a significant reduction in operating costs and capital spending. This translated into strong free cash flow growth from our operations,” said John A. McCluskey, President and Chief Executive Officer.