Net earnings were $242 million, or $0.28 per share, compared to net earnings of $101 million, or $0.12 per share, for the fourth quarter of 2016. Operating cash flows for the fourth quarter of 2017 were $511 million compared to $239 million for the same period in the prior year. Adjusted operating cash flows were $401 million for the fourth quarter of 2017 compared to $306 million for the same period in the prior year.
Jose Garcia, CEO of AIVN, stated, “We are thrilled to announce that American International Ventures, Inc. has the exclusivity to promote and negotiate for the sale of the Solidaridad Project to any mining company. Also, we are contacting mining companies that may be interested in a joint venture with AIVN in developing the project.”
We are very pleased with our results for the year, with adjusted earnings and EBITDA of $2.6 billion and $5.7 billion, respectively, said Don Lindsay, President and CEO. With our strong operating results, we achieved record revenues and cash flow from operations in 2017. Our financial position is very strong and with the startup of Fort Hills and favourable markets for our key products, we are well positioned for the coming year.
The Company now has a strong balance sheet with no debt, production growth with lowering costs, and is well positioned to strengthen and advance its business. said Brad Langille, CEO.
San Marco Resources Inc. announces the engagement of Paul MacDonald to serve as Investor Relations Consultant to the Company on a non-exclusive basis for a period of one year commencing February 14, 2018.
IMPACT Silver Corp. is pleased to announce the appointment of Jerry Huang to the position of Acting Chief Financial Officer, effective February 13, 2018.
Oposura East Zone Resource Drilling Completed. Rock-chips up to 8.3% lead and 2.3% zinc discovered outside of the resource area indicate further upside potential to the north
Consolidated Zinc Limited is pleased to provide an update of the latest extensional and infill resource definition drilling campaign that recommenced on 27 November, 2017 at Plomosas mine in Mexico.
Levon Resources Ltd. announces that it has amended and closed its previously announced non-brokered private placement through the issuance of units of the Company at a price of C$0.35 per Unit, for total gross proceeds of $899,925. Each Unit will consist of one common share and one common share purchase warrant entitling the holder to acquire one common share of the Company at a price of C$0.50 per common share for a period of two years from the closing of the Placement.
Avino and San Gonzalo Mines – 2017 Production Highlights
Silver equivalent production – 2,700,585 oz*
Silver production – 1,394,203 oz
Gold production – 7,935 oz
Copper production – 4,373,166 lbs
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