Author: Josue Gomez

McEwen Mining Announces Closing of Financing

McEwen Mining Inc. is pleased to announce that it has closed its previously announced “bought deal” private placement of 6,634,000 common shares of the Company that will qualify as “flow-through shares” at a price of US$2.26 (Cdn$3.02) per Flow-Through Share for total gross proceeds of US$15,000,000 (Cdn$20,034,680). The Offering was completed through a syndicate of underwriters led by Cantor Fitzgerald Canada Corporation as sole bookrunner and included BMO Capital Markets and TD Securities Inc.

Minaurum Receives $3.9 Million From Warrant Exercises and Provides Exploration Update

Minaurum Gold Inc., is pleased to announce that it has received $3,981,937.50 in proceeds from the exercise of warrants bringing its consolidated cash balance to approximately $10M. These additional funds provide Minaurum with the flexibility to expand its on-going exploration program at the Alamos silver project. Minaurum currently has 308,939,046 shares issued and outstanding.

San Marco announces drilling has been completed at the Chunibas Cu-Ag Project

San Marco CEO Christian Grijalva stated: “We are pleased to have completed Phase I drilling at Chunibas in a completely safe manner and somewhat under budget. Drilling has confirmed that the Chunibas geological model is typical of that of copper-silver “Manto-Type” systems known to exist in northern Chile.”

Prize Mining Reports Results from Diamond Drilling at the Manto Negro Copper Project, Mexico and Provides Corporate Update

“Our first drill program at the Pilar Grande and El Granizo areas continues to provide important geological information on the continuity of copper-silver mineralization”, stated Michael McPhie, President & CEO of Prize Mining. “In detail, the areas are more structurally complex than we had anticipated but our geologists are working on an interpretation that will help guide our ongoing drill program.”

Alamos Gold Announces Normal Course Issuer Bid

Alamos Gold Inc. today announced that it has filed with and received acceptance from the Toronto Stock Exchange for a Notice of Intention to make a Normal Course Issuer Bid permitting Alamos to purchase for cancellation up to 25,513,043 Class A Common Shares representing 10% of the Company’s public float of the Common Shares as of December 14, 2018, being 255,130,432 Common Shares. As at December 14, 2018, there were 391,248,754 Common Shares issued and outstanding.

IMPACT Extends Closing of Private Placement

IMPACT Silver Corp. announces that further to its press release dated November 6, 2018, the Company has obtained an extension from the TSX Venture Exchange of the deadline to complete the previously announced non-brokered private placement of up to 5,555,555 units at a price of $0.27 per Unit for gross proceeds of approximately $1.5 million to January 18, 2019. Each Unit consists of one common share and one warrant. Each Warrant entitles the holder to acquire one Share at a price of $0.35 and expires in 24 months.

Mammoth Enters Option Agreement with Centerra Gold on its Tenoriba Precious Metal Property, Mexico

Thomas Atkins, President and CEO of Mammoth commented on the signing of this agreement, stating: “We’re exceptionally pleased to be partnering with Centerra in the exploration-development of Tenoriba. The depth of Centerra’s technical experience in these types of mineral systems, their experience in project exploration and mine development, combined with their financial strength and the economies in costs and services a company of Centerra’s strength and size can achieve have the potential to assist in advancing Tenoriba beyond what Mammoth could achieve on its own. “

Epiroc autonomous drill gets working on BHP’s South Flank iron ore project

The first autonomous Epiroc Pit Viper 271 drill rig has broken ground at BHP’s South Flank iron ore project in Western Australia, the mining major confirmed. This is the first of five autonomous drill rigs to operate at the mine, all of which will be controlled remotely from the BHP Integrated Remote Operations Centre in Perth.

Harvest Gold Grants Stock Options

Harvest Gold Corporation has granted incentive stock options to purchase a total of 4,370,000 common shares at an exercise price of $0.075 per share for a period of five years to certain directors, officers and consultants in accordance with the provisions of its stock option plan.

All News