Author: Josue Gomez

Alio Gold Inc (TSX:ALO) (NYSE AMERICAN:ALO) today announced that Institutional Shareholder Services Inc. and Glass, Lewis & Co., LLC, two leading proxy advisory firms, have recommended that both Alio Gold and Rye Patch shareholders vote FOR the plan of arrangement whereby Alio Gold will acquire all of the issued and outstanding shares of Rye Patch, at their special meetings of shareholders to be held on May 18, 2018.

Director Robert R. Gilmore has decided not to stand for re-election to the Board of Directors at the Annual General Meeting. Mr. Gilmore has been a member of the Board and served as audit committee chair since 2010.

“The investments we have made to improve our mines are resulting in more consistent operations, higher throughput, strong metals production and lower costs, increasing the financial strength of Hecla,” said Phillips S. Baker, Jr., President and CEO. “These improvements are reflected in the quarterly throughput which is a record at Casa Berardi and a near-record at Greens Creek, and lower cash costs, after by-product credits per gold and silver ounce. We continue to benefit from strong lead and zinc prices, and are seeing continued tightness in the concentrate markets, resulting in significant improvement in payment terms from the smelters, so lower costs could remain for some time.”

First Majestic Silver Corp. is pleased to announce the approval by its board of directors of certain changes to its advance notice policy regarding director nominations, as described below. The Policy was first adopted by the board in 2013, with certain amendments made in 2017. In keeping with its commitment to the highest standard of corporate governance, the board feels that it is appropriate to make certain additional changes to the Policy to comply with recent trends in advance notice policies.

“In the first quarter, lower production rates resulted in a slight decrease in revenues and cash flows compared to the prior quarter,” stated Keith Neumeyer, President and CEO of First Majestic. “This temporary decrease in production, which was primarily due to lower head grades, naturally resulted in higher cash costs per ounce. Nevertheless, we managed to beat our overall cost guidance during the quarter due to strong gold production at the Santa Elena, San Martin and La Guitarra operations. Looking ahead, we plan to provide an updated production, costs and capital expenditure guidance in July to reflect the integration of the San Dimas operation. We remain focused on developing our key growth projects, most importantly our roaster project, which is expected to significantly increase silver production at La Encantada in the second half of 2018.”

Igor Gonzales, President and CEO of Sierra Metals stated: “Q1 2018 represents an inflection point for the Company as we begin to realize returns on our capital investments and operational improvement efforts with improving operating performance in addition to the production of higher value ore, strengthening our asset base, and continuing to increase the mineral reserves and resources at each of our mines.”

“Higher revenues and lower production and royalty costs resulted in $55.1 million of mine operating earnings in the first quarter of 2018, up 68% from the comparable 2017 period. Solid operating performance helped deliver our strong financial results, particularly at Dolores where silver production was up 25% compared with last year and gold production reached a record 34.3 thousand ounces,” said Michael Steinmann, President and Chief Executive Officer of the Company. “Our focus is on improving performance at the San Vicente mine through implementation of mechanized mining methods, and advancing our COSE and Joaquin projects in Argentina. We are well on track to achieve those objectives in 2018.”

“In addition to the initial investment in Golden shares, this agreement will enable us to access capital in the future, if and when we wish, at attractive terms,” commented Golden’s President and Chief Executive Officer, Warren M. Rehn. “This affords the Company greater flexibility to pursue the most advantageous path forward for our El Quevar project, as well as other exploration opportunities.”

New Gold Inc. (TSX:NGD) (NYSE American:NGD) has appointed Raymond Threlkeld as the new President and Chief Executive Officer of the Company. Mr. Threlkeld succeeds Hannes Portmann, who has left the company to pursue other opportunities. Mr. Threlkeld will continue as a member of the Board of Directors.