Year: 2018

Evrim receives over $3 million from exercised accelerated Warrants

“We are very pleased that almost all of the accelerated Warrants were taken up in view of the planned level of exploration activity expected by our joint venture partners on all six of the Company’s partnered projects this year,” commented Evrim’s CEO, Paddy Nicol. “The proceeds further strengthen our balance sheet and allow for greater flexibility as the Company continues exploration on its wholly-owned Cuale gold project in the months ahead.”

Sonoro Closes Cerro Caliche Expansion Agreement

“Our Hermosillo-based exploration team, headed by noted geologist Mel Herdrick, has commenced a surface sampling program to define additional zones for a drilling program scheduled to begin during the second half of 2018,” said Kenneth MacLeod, President and CEO of Sonoro. “Our aim is to verify the earlier data and expand the scope and scale of the gold resource indicated in the Corex report.”

Kootenay Provides Drilling Update on its La Cigarra Silver Project, Mexico

Since drilling recommenced on the La Cigarra Project, six holes have been completed within the La Borracha Zone with all holes hitting the targeted mineralized zone.The mineralized zone intercepted at La Borracha is the extension of the structure, which hosts the La Cigarra resource, and drilling has now tested approximately 1000 meters of strike length beyond the resource. Logging and sampling of these holes is progressing well and results will be released once all assays have been received and interpreted by the Company.

Primero Reports Fourth Quarter and Full-Year 2017 Results

Primero commenced a strategic review process in early 2017 that resulted in the sale of the Black Fox Complex in October 2017 and the sale of the Cerro del Gallo development project in November 2017 . In January 2018 the Company also announced that it had entered into the Arrangement Agreement whereby First Majestic will acquire all of the issued and outstanding common shares of Primero. The transaction is expected to close in or around April 2018 , subject to applicable regulatory approvals and the satisfaction of other customary conditions.

Starcore Reports Q3 2018 Results

“Our Q3 earnings reflect a low point in production since the acquisition of the San Martin mine. Moving forward, the production, planning and operating excellence programs put in place by new operational management at the San Martin Mine and the Altiplano Facility have been set in place to improve production and recoveries,” reported Robert Eadie, President of the company. “We feel that we have made a significant change in the operating culture and look forward their positive results.”

Capstone Mining Reports Fatality at Cozamin Mine in Zacatecas, Mexico

Capstone Mining Corp. is saddened to report that a fatal accident occurred at its Cozamin Mine on Sunday, March 18, 2018. An electrical technician was injured while working on an underground voltage regulator. He was transported immediately to a hospital in Zacatecas where he later passed away.

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.

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.

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.”

All News