Year: 2018

“McEwen Mining is in a growth phase that relies heavily on engineering and execution of projects. In addition to growing organically, we seek opportunities to expand our production and resource base. Chris is an ideal executive to lead our organic growth initiatives, as well as evaluate and execute on acquisitions,” said Rob McEwen, Chairman and Chief Owner.

Centerra Gold Inc. (TSX: CG) today reported net earnings of $43.5 million or $0.15 per common share on revenues of $243.3 million in the second quarter of 2018. The second quarter of 2018 results include a pre-tax gain of $28.0 million on the sale of the Company’s royalty portfolio and $9.4 million on the recognition of the final instalments from the sale of the Altan Tsagaan Ovoo property.

“We generated $28.8 million of cash flow from operating activities in the second quarter, net income from continuing operations of $8.2 million and operational performance ended the second quarter within our guided range,” said Darren Pylot, President and CEO of Capstone. “Moving forward, we expect that various optimization activities underway at Pinto Valley will result in increased productivity and lower costs,” continued Mr. Pylot. “At Cozamin, we are very optimistic that the updated Mineral Resource estimate that we released in the second quarter will pave the way for an extension of operations and creates the potential for a mine expansion.”

VVC Exploration Corporation (TSX-V:VVC) announces a new CA$1.5 million non-brokered equity private placement financing. This placement is for units of the Company at a price of $0.05 per Unit, whereby each Unit consists of one common share and one-half of one common share purchase warrant of the Company. Each full Warrant entitles the holder to purchase one additional common share of the Company for a period of three years, at an exercise price of CA$0.06 per share. The Company has raised to-date about CA$1,150,000 and expects to complete the remaining 350,000 in August.

Gold Resource Corporation (NYSE American: GORO) reported production results for the second quarter ended June 30, 2018 of 5,806 ounces of gold and 593,955 ounces of silver, which along with base metal revenue generated $30.8 million in net revenue and $3.8 million, or $0.07 per share in net income for the quarter.

The parties have been diligently working towards settling all structuring and definitive documentation, including a revised stream arrangement to be entered on closing having the equivalent effect of a net smelter royalty on the area of interest and surrounding areas, in connection with completing the proposed business combination. As previously announced, the proposed business combination will be completed by way of a plan of arrangement under which Golden Reign will acquire all of the issued and outstanding shares of Marlin following completion of a corporate reorganization being undertaken by Marlin. Upon completion of the proposed transactions, it is expected that the current shareholders and option holders of Marlin will own in aggregate approximately 45% of the shares of Golden Reign (after the distribution of the Golden Reign shares already owned by Marlin to certain of its shareholders) and current non-Marlin Golden Reign shareholders will own approximately 55% of the shares.

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported second quarter results for the period ended June 30, 2018. During Q2, gold equivalent ounces produced increased by 45% and all-in sustaining costs per ounce decreased by 2% compared to Q2 2017. Net cash flow from the business excluding project development costs was $6.3 million or $0.02 per share. A total investment of $26.3 million was made to further our long-term production growth plans at the Gold Bar, Black Fox, El Gallo Fenix and Los Azules projects. As a result, our consolidated net loss for Q2 was $5.4 million, or $0.02 per share.

Equinox Gold Corp. is pleased to announce that it has obtained a final order from the Supreme Court of British Columbia dated July 30, 2018 to implement the Company’s previously announced plan of arrangement to reorganize its business, including the spin-off of its wholly-owned subsidiary, Solaris Copper Inc. Substantially all of the terms and conditions of the Transaction have been met, including shareholder approval of the Transaction on July 26, 2018.

“The recent release of our 43-101 updating resources to over 267,306 AuEq ounces and 3.1 million tonnes of ore coupled with the improved production in recent months from both the mine and Altiplano represent a turning point for the Company” reported Robert Eadie, President of the company. “We have a renewed optimism and look forward to advancing our operating results.”