Month: July 2019

“The improved revolving credit facility reflects Capstone’s balance sheet strength with peer-leading low leverage ratios,” said Darren Pylot, President & CEO of Capstone. “Our balance sheet will be further strengthened with the removal of an annual amortization of the credit facility, thereby providing additional working capital for expansion opportunities, and the improved pricing grid translates to annual savings of approximately US$1 million in interest payments.”

Discovery Metals Corp. is pleased to announce that it has closed its non-brokered private placement previously announced on July 18, 2019, raising $9,004,770 through the issuance of 23,216,174 common shares at a price of $0.23 per Common Share and 15,935,000 subscription receipts at a price of $0.23 per Subscription Receipt.

Frederick Davidson, CEO and President of IMPACT comments “Given the substantial interest in silver and rising price of the metal recently, we aim to re-invigorate our exploration activities on one of the largest historical and prolific high grade silver and gold districts in Mexico with the proceeds of the financing.”

“We achieved a number of important milestones in the second quarter that have put Teck in a strong position moving forward,” said Don Lindsay, President and CEO. “The B.C. Government endorsed saturated rock fills to treat water at our steelmaking coal operations, we updated our capital allocation framework to reflect our focus on returning additional cash to shareholders and we are accelerating our innovation-driven efficiency program RACE21™ and aim to generate annualized EBITDA improvements.”

The Company intends to allocate the net proceeds of the sale of the Common Shares to advance the exploration and development of the Company’s Avino Mine and in particular exploration of the Hanging Wall area, and for working capital and general corporate purposes.

“The second quarter of 2019 was another period of strong operating performance with production and costs tracking well with guidance. One of the key highlights in the quarter was the declaration of commercial production at our Meliadine mine in Nunavut”, said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “With Meliadine ramping up to full production over the balance of the year and Amaruq on schedule to achieve commercial production in the third quarter of 2019, the Company is well positioned for a strong second half from both a financial and operational perspective”, added Mr. Boyd.

Southern Silver Exploration Corp. announces that due to increased interest the previously announced $2,000,000 private placement has been increased to $3,000,000. The Company now plans to issue up to 15,000,000 units in the non-brokered private placement at a price of $0.20 per Unit for gross proceeds of $3,000,000. Each Unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of five years at an exercise price of $0.25 per share.

Grupo México señaló que un incremento en su producción de cobre de 16% compensó a la caída en el precio del metal, la cual presionó a sus resultados.

Southern Silver Exploration Corp. plans to issue up to 10,000,000 units in a non-brokered private placement at a price of $0.20 per Unit to raise $2,000,000. Each Unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of five years at an exercise price of $0.25 per share.