Author: Josue Gomez

Wheaton Precious Metals™ Corp. announces that its wholly owned subsidiary Wheaton Precious Metals International Ltd. has agreed to a new precious metals purchase agreement relating to the San Dimas mine, in conjunction with the proposed transaction announced today under which First Majestic Silver Corp. will acquire Primero Mining Corp. pursuant to a plan of arrangement.

Primero Mining Corp. today announced that the Company has agreed to an extension of its revolving credit facility and the related guarantee provided by Wheaton Precious Metals Corp., both previously maturing on January 11, 2018, to the earlier of (i) April 30, 2018, (ii) the closing of the business combination with First Majestic Silver Corp. announced on January 12, 2018, and (iii) the seventh business day following termination of the proposed business combination.

First Majestic Silver Corp. and Primero Mining Corp. are pleased to announce that they have entered into a definitive arrangement agreement whereby First Majestic will acquire all of the issued and outstanding common shares of Primero. Under the terms of the Arrangement Agreement, all of Primero’s issued and outstanding common shares will be exchanged for First Majestic common shares on the basis of 0.03325 of a First Majestic common share for each Primero common share.

Canarc Resource Corp. announces the appointment of Jacob Margolis, PhD as the Company’s Vice President Exploration, effective January 1, 2018.

GoGold Resources Inc. announces production for the quarter ended December 31, 2017 of 261,693 ounces of silver and 1,708 ounces of gold for 392,406 silver equivalent ounces at the Parral project, an 11% increase from the prior quarter. This past quarter has been the fifth consecutive quarter of production growth as the initiatives put in place in previous quarters continue to gain traction.

“Great Panther’s 2017 production was consistent with the previous year, however, this was a considerable achievement given the work completed to accommodate the tailings expansion and plant improvements at the Topia Mine in the first quarter of the year”, stated James Bannantine, President and CEO. “We are also pleased with the recent completion of the permitting process for the Phase II tailings storage facility at Topia. While the regulatory process took longer than we expected, our team did an outstanding job of maintaining operations by extending capacity while improving the state of the existing facility.”

“2017 was a pivotal year for the San Francisco mine as we took key steps to revitalize the mine,” said Greg McCunn, Chief Executive Officer. “With the San Francisco main pit now open across multiple mining faces and a full contract mining fleet on site, we are well positioned to deliver consistent production results this year. As our new systems and processes take hold and production levels stabilize, we will be shifting our focus to cost reduction and getting the mine running as efficiently as possible. Production and cost guidance for 2018 is expected to be announced in early February.”