Month: March 2018

Alset Minerals Announces $960,000 Private Placement; Change of Management

Alset Minerals Corp. announces that it will not be proceeding with the financing announced on January 16, 2018 but will, subject to the approval of the TSX Venture Exchange, undertake a non-brokered private placement of 8,000,000 units at a price of twelve cents per Unit for gross proceeds of up to $960,000. Each Unit shall be comprised of one common share in the capital of the Company and one half of a common share purchase warrant.

Alio Gold and Rye Patch Gold Announce Business Combination

“This transaction is consistent with our strategy to create a leading mid-tier precious metals company,” said Greg McCunn, CEO of Alio Gold. “In addition to diversifying our asset base into one of the most attractive precious metal producing regions in the world, this transaction provides us with increased scale and liquidity to drive long term shareholder value. We see regional growth opportunities in Nevada and coupled with our high-grade, high-margin Ana Paula project, this transaction establishes a strong platform for future growth.”

First Majestic Renews Share Repurchase Program

First Majestic Silver Corp. announces that its board of directors has approved the extension of its share repurchase program pursuant to a normal course issuer bid in the open market through the facilities of the Toronto Stock Exchange or alternative Canadian market places over the next 12 months. Pursuant to the Share Repurchase, the Company proposes to repurchase up to 8,286,401 common shares of the Company which represents 5% of the 165,728,029 issued and outstanding shares of the Company as of March 12, 2018.

Additional gold sales reported from Santa Elena project

CEO Paul Thompson added, “It is great to see MarMar increasing the amount of gold being produced. Our shareholders should keep in mind that the amount produced was greater than what was netted due to the discount taken by the broker. MarMar will begin refining its own material which will eliminate the need for this broker. In addition, the mine engineer at the Santa Elena is pleased with the progress and expects a substantial increase in production moving forward.”

Pactan acuerdo ISJ y compañía minera

Para implementar estrategias de prevención de adicciones, el Instituto Sonorense de la Juventud (ISJ) firmó un convenio de colaboración con la minera Argonaut Gold Inc.

Colibri Resource Corporation Closes Second Tranche of Over-Subscribed Private Placement

Colibri Resource Corporation is very pleased to announce that it has closed an over-subscribed second tranche on its previously announced financing. The Company has issued an additional 1,350,000 units at $0.10 per unit for gross proceeds of $135,000. Total gross proceeds raised between the first and second tranches is $1,212,098. The funds raised from this equity issuance will be used for Phase 1 of an infill and exploration drilling program at the Company’s Pilar Project in Sonora State, Mexico as well as for general working capital.

Geologix Announces Issuance Of Stock Options

Geologix Explorations Inc. announces that it has granted incentive stock options to its employees, directors, officers and consultants to acquire an aggregate of 100,000 common shares until March 16, 2020 and 4,850,000 common shares until March 16, 2023, all at an exercise price of $0.05 per share.

Fortuna Reports Consolidated Financial Results for 2017

Jorge A. Ganoza, President and CEO, commented, “Our results in the fourth quarter of 2017 reflect record sales and EBITDA that have contributed to our strongest year to date in financial performance.” Mr. Ganoza continued, “Annual sales of $268.1 million, with EBITDA margins of 46% and strong cash accumulation from our mines attest to the strength of our assets and the positive momentum in our business. Drivers for year over year performance are higher precious metal production, higher base metal prices for our by-products, and improved commercial terms. ” Mr. Ganoza concluded, “Our Lindero gold project in Argentina is in the early stages of construction with on-site activities ramping up during the course of the second quarter”.

Zacatecas establece agenda minera con empresarios

Los empresarios Fernando Alanís Ortega, director general de Peñoles; Jaime Lomelí Guillén y Christopher Ávila Mier, del Corporativo Bal, manifestaron su voluntad de trabajar junto al gobierno en pro de una minería sustentable y exitosa…

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.