Month: May 2019

Ethos Gold Corp. is pleased to announce a non-brokered private placement to raise gross proceeds of $225,000. The Company will issue 1,125,000 units at a purchase price of $0.20 per Unit. Each Unit will consist of one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder to purchase one common share of the Company at a purchase price of $0.40 per share for a period of two years from the date of the closing of the Offering.

“During the first quarter we saw again a significant improvement in our mining operations as our quarter over quarter revenues from mining operations and reduced production costs demonstrate. This trend of increased metal production, reduced production costs and improved cash flow from mining operations has continued into Q2 and is expected to continue for the rest of the year,” stated Arturo Préstamo, Chief Executive Officer of Santacruz.

The bank accounts of the steelmaker were frozen by Mexico’s financial intelligence unit earlier in the week on suspicion of money laundering. The move to unfreeze the accounts follows the arrest in Spain of AHMSA chairman Alonso Ancira, who was detained by Interpol on May 28.

“We are excited with our listing on the OTCQB. Our belief is an OTCQB listing will provide increased access to US investors and a broader shareholder base. Further, it will allow U.S. based investors the opportunity to further share in the Company’s continued growth,” said Greg Crowe, Chief Executive Officer of Silver One.

Alio Gold Inc. announces that its Annual General and Special Meeting will be held on Thursday, June 27, 2019, at 2:00 pm Pacific Standard Time at the offices of Blake, Cassels & Graydon LLP, 595 Burrard Street, Suite 2600, Vancouver, British Columbia.

Avino Silver & Gold Mines Ltd. is pleased to report that at the Annual General Meeting of shareholders of the Company held on May 30, 2019, all resolutions proposed to shareholders were duly passed. 29,931,644 common shares of the Company, representing approximately 45.74% of the Company’s issued and outstanding common shares as at the record date were voted.

“After taking Campo Morado out of an extended period of care and maintenance just over one year ago, we are very happy to report that for the first time in many years the mine has generated a significant operating profit of C$3.05 million during Q1 2019.” States Antonio Berlanga, CEO, “This was achieved by the Campo Morado operations team’s diligence and hard work in implementing efficiencies, correcting start-up challenges and controlling costs. It is notable the Q1 average daily mill throughput rate was approximately 1,765 tonnes per day and that management is working towards increasing this rate towards 2,500 Tonnes per day during 2019 and thereby expects to increase the operating profit margins through economics of scale.”

‘This recognition is another indicator of how deeply sustainability is embraced by our employees and integrated into our culture,’ said Gary Goldberg, Chief Executive Officer. ‘We recognize that consistently strong environmental and social performance is central to creating long-term value for all of our stakeholders. Not only is it the right thing to do, it is a key measure of how well our business is run overall.’