Year: 2018

The net proceeds of the Offering will be used to fund and provide liquidity for the Company’s working capital obligations during the re-start and ramp-up of the ELG Mine Complex, as required, and for general corporate purposes.

Defiance Silver Corp. is pleased to announce the appointment of Mr. Peter J. Hawley as Interim President and CEO. Mr. Hawley is currently the Chairman of the Board, and an integral part of the Defiance team with over 36 years of geological and mining experience spanning grassroots exploration through to development and production.

Orla Mining Ltd. is pleased to announce that it has closed its previously announced bought deal financing, including the exercise in full of the underwriters’ over-allotment option. A total of 17,581,200 units of Orla were sold at a price of $1.75 per Unit, for aggregate gross proceeds of $30,767,100. Each Unit consists of one common share of Orla and one-half of one common share purchase warrant. Each Warrant will entitle the holder to acquire one common share of Orla at a price of $2.35 at any time prior to February 15, 2021.

“Our focus of improving our long-lived operations led to increased throughput and lower costs which, coupled with significantly higher base metals prices, drove our increasing cash balance and continued strong adjusted,” said Phillips S. Baker, Jr., President and CEO. “2018 should have further value creation at all our mines as we advance low-cost, high-return technologies that are focused on improving productivity. We are also taking a bulk sample of San Sebastian’s polymetallic zone which could further extend its mine life. Exploration spending is increasing as we see further opportunities for both discoveries and resource growth.”

“In 2017, we had another strong year of operating performance exceeding our production forecast and beating our cost guidance for the sixth consecutive year. We set a new annual production record while recording the fewest number of lost time accidents, and we also increased our gold reserves”, said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “Furthermore, we continue to make excellent progress on our Nunavut development projects which has allowed us to advance the expected start-up of Meliadine and increase our production guidance for 2018 and 2019. With projected production on track to reach approximately 2.0 million ounces with lower unit costs in 2020, the Company will be focusing on increasing its reserve base and advancing its development pipeline to enhance the production profile and grow free cash flow”, added Mr. Boyd.