Month: August 2019

Silver Spruce Closes Financing

Silver Spruce Resources Inc. is pleased to announce the closing of its financing. The Company has issued 5,225,000 units at $0.05 per unit for gross proceeds of $261,250.

Santacruz Silver Reports Second Quarter 2019 Financial Results

“Our second quarter operating and financial results continued our positive trend of the past three quarters.” stated Arturo Préstamo, Chief Executive Officer of Santacruz. “At Rosario we have turned the corner and are generating positive cash flow from operations while at Veta Grande we reduced the operating loss despite a mechanical problem with one of the ball mills. With the ball mill now back online in Q3 we expect continued improvement at Veta Grande and with overall operations.”

Tamino Minerals Inc. Presents Acquisitions Update

We are currently contemplating acquiring several projects that logistically create an advantage, some of them more advanced then others but with high grade gold drilling results. As we mentioned previously, we are only interested in a top quality, progressive operation, generating a positive impact for shareholders as well as in the local communities in which we will operate.

Santacruz Silver Updates Panuco Deposit, Veta Grande Project Resource Estimate to 19.5 Million AgEq Ounces Inferred

Santacruz Silver Mining Ltd. reports that it is today filing on www.SEDAR.com a technical report titled “Technical Report, Veta Grande Project, Zacatecas State, Mexico” dated effective August 20, 2019 containing an updated mineral resource estimate, under National Instrument 43-101 Standards of Disclosure for Mineral Projects. The Technical Report supersedes all previous technical reports prepared for the Company relating to the Veta Grande Project.

Kootenay Intercepts More High Grades on Columba Silver Project, Mexico

Kootenay President and CEO James McDonald states, “We are happy to see good high grade now over a wide range of strike and depth along the F Vein.Just as exciting are the high grades we are seeing in previously unknown hanging-wall veins with assays up to 1,070 gpt silver. The consistency of the known veins tested to date and the newly discovered hanging-wall veins certainly increases our confidence in the resource potential of the project”.

Sable Resources Ltd. Announces Strategic Investment with Osisko Gold Royalties

Sable Resources Ltd. announces that it has entered into an Investment Agreement along with an Equity Subscription Agreement with Osisko Gold Royalties Ltd for total potential proceeds of $12.58 million. Sable believes that the Financing will provide the Company with the funding to progress its exploration objectives over its entire portfolio for the next 4 years.

Prime Mining Raises Over $8.7 Million and Acquires Rights to Los Reyes Gold Project in Mexico

Andrew Bowering, Chief Executive Officer of the Company, commented, “Since late February and our initial discussions with Minera Alamos, a number of important strategic changes have been implemented. Familiarity with the region and its opportunities, plus confidence in the Los Reyes project brought several highly qualified and successful individuals to our management team and board of directors.”

Chesapeake Closes $12 Million Brokered and $3 Million Non-Brokered Private Placements

President of Chesapeake, Randy Reifel stated, “We are pleased to have the continued confidence of Eric Sprott and the market awareness of his strategic investment. The financing further strengthens our pace to advance the significant project pipeline being developed around Metates. As well, Chesapeake is evaluating newly developed metallurgical technologies that may potentially lower Metates capital and operating costs by simplifying the process flow sheet.”

Consolidated Zinc Ltd.: Favourable Court Ruling – Land Use Agreement

Consolidated Zinc Limited is pleased to announce the full bench of the Federal Court of Mexico has ruled in favour of the Company’s subsidiary, Minera Latin American Zinc S.A.P.I. de C.V. and cancelled the prior Appeals Court of Chihuahua ruling in favour of the local rancher.

Teck Announces Dividend

Teck Resources Limited announced today that it will pay an eligible dividend of $0.05 per share on its outstanding Class A common shares and Class B subordinate voting shares on September 30, 2019, to shareholders of record at the close of business on September 13, 2019.

Excellon Completes $11.5 Million Bought Deal Financing

The Company intends to use the net proceeds of the Offering to fund exploration and capital expenditures at the Company’s Platosa Project in Durango, Mexico and Evolución Property in Zacatecas, Mexico, for corporate development and for general corporate purposes.

Argonaut Gold Extends El Castillo Mine Life with Zero-Cost Collar Gold Price Protection Program

Pete Dougherty, President and CEO stated: ”By initiating a zero-cost collar gold price protection program on a portion of El Castillo’s estimated remaining life-of-mine production, we ensure profitability and are able to extend the mine life at our highest cost operation. Through either exploration success or a higher gold price, there may be potential to continue to extend the life of the El Castillo mine beyond mid-2022. With a strong portfolio of development assets, we felt prudent to lock in cash flow certainty at the El Castillo mine to help fund our development projects while also continuing to maintain exposure to an increasing gold price for our shareholders. This is an opportunity to ensure cash flow at an attractive price protection point. When looking at the total amount of Argonaut’s mineral resource base, this zero-cost collar program represents a very small percentage of total gold ounces.”

IMPACT Silver Announces Results of Successful Dense Media Separation (DMS) Study at Capire VMS Production Center

Fred Davidson, President & CEO of IMPACT stated, “We are encouraged by the results of this successful coarse gravity separation test work and with additional testing we will assess how the introduction of a DMS preconcentration process module may impact the economics to the point of turning a profit from operations. We are continuously working on reducing production costs and the application of innovative technologies have the potential to impart a significant positive impact on the cost structure of our operations. Combined with this positive news and improving sentiments in overall markets for precious metals in recent months — Capire now represents a realistic near term expansion production site for IMPACT.”

Golden Minerals Receives Continued Listing Standard Notice From NYSE American

Golden Minerals Company today announced that on August 19, 2019, the Company was notified by the NYSE American LLC that it was not in compliance with one of NYSE American’s continued listing standards as set forth in Part 10 of the NYSE American Company Guide. Specifically, the Company is not in compliance with Section 1003(a)(iii) of the Company Guide since it reported stockholders’ equity of less than $6.0 million as of June 30, 2019 and losses from continuing operations and/or net losses in its five most recent fiscal years.

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