Author: Josue Gomez

“We accomplished or advanced several strategic priorities during the quarter that are critical to achieving our full-year and longer-term objectives,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer. “Our stepped-up exploration programs targeting higher-grade mineralization at Palmarejo and Kensington are yielding positive results, we significantly strengthened our balance sheet, the development of Jualin remains on-track to commence production later in the year, and we have now begun to stack ore on the new Stage IV leach pad at Rochester.

“With the disposal of non-core assets and the acquisition of the Maricunga district joint venture with Barrick during the first half of 2017, the Company has seen a net increase in its gold reserves from 42 million to 50 million ounces,” said Paul Harbidge, Senior Vice President, Exploration. “With an enviable portfolio of brownfield exploration opportunities within our key mining districts and good progress on our exploration programs, we are maintaining our five year 20% gold reserve growth target, which would now see gold reserves increase to 60 million ounces by 2021, up from the previous target of 50 million ounces.”

Defiance Silver Corp. is pleased to announce the appointment of Mr. Roy Bonnell to the position of President and CEO. Mr. Bonnell has over 20 years of experience in venture capital investment, finance and mergers & acquisitions. Mr. Bonnell provides Defiance with the financing and management abilities necessary to rapidly advance and grow the San Acacio Silver deposit in Mexico.

Colibri Resource Corporation announces that Mr. Ed Stringer has resigned as President and CEO of the Company effective immediately and the Board of Directors has appointed current director, Mr. Ron Goguen Sr., as President and Chief Executive Officer. Mr. Stringer is resigning due to health reasons and the Board of Directors wishes Mr. Stringer well and a speedy recovery. Mr. Stringer will remain a Director of Colibri.

Bahman Yamini, President and CEO of Canasil, commented: “The spin-out of the British Columbia properties to create a new publicly listed Company is intended to be beneficial for our shareholders by recognizing unrealized value in our BC projects. We believe there is significant potential value in the Company’s large BC land holdings which are located in strategic locations with excellent access and infrastructure. Two of the projects are close to past producing mines and major deposits, and exploration work to date indicates they are particularly prospective for hosting Copper-Gold porphyry mineralization with multiple targets. We anticipate that this transaction will also allow greater access to funding for more active exploration to advance these projects without diluting the Company’s interests in its Mexican project portfolio.

Fred Stanford, President and CEO of Torex said: “This Loan Facility is the result of the very productive relationship that has been established over the years with the Banks. The advantages of this Loan Facility include access to resources for the development of our Media Luna Project, a reduction in debt costs, and a reduction in the management time required to manage the Loan Facility, thereby freeing up management time for optimization of our current operations and to focus on development of growth projects. We look forward to advancing the growth opportunities that are made possible by this Loan Facility.”

“I am pleased to welcome Scott to Teck,” said Don Lindsay, President and CEO. “His extensive operational and regulatory experience, particularly as it relates to exploration and mining, make him ideally suited to lead Teck’s global environmental function.”