Author: Josue Gomez

“Agnico Eagle is pleased to welcome an important new strategic institutional investor to our share register, and we look forward to continuing to develop this relationship over time,” said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “The offering also further enhances our financial flexibility as we build out our platform of high quality growth projects,” added Mr. Boyd.

Paul Benson, President and CEO said, “With gold representing approximately 70% of our revenue, the current name does not accurately reflect our business. We have evolved from a silver-focused producer to an intermediate precious metals producer with three mines in the Americas. The proposed name, which includes the initials of our existing name, is a natural evolution in our more than 70-year history. While we are recommending a change to our name, our relentless focus on creating shareholder value remains.”

Bradford Cooke, CEO of Endeavour Silver, commented, “We look forward to developing El Compas into our fourth mine. The mine should generate robust economic returns at current metal prices because the two known mineralized zones (El Compas and El Orito) are relatively shallow and high grade. The operation is very scalable if we discover or purchase additional mineral resources in the Zacatecas district and refurbish the second ball mill to double the plant capacity to 500 tonnes per day (tpd). With the low capital investment of US$10 million funded by existing cash, and the short timeline of only six months to initial production once we receive the explosives permit and tax clarity, the El Compas mine has the near-term potential to become a healthy contributor to our consolidated cash flow.”

Primero Mining Corp. announces that it has agreed in principle with its lenders to an extension of its $75 million revolving credit facility previously maturing in May 2017. Upon completion of an amending agreement, the maturity of the RCF will be extended by six months to November 2017, providing the Company with greater flexibility to replace the RCF with a longer-dated term loan.

“We are excited to see the results of our efforts over these past months coming to fruition with an anticipated production increase in fiscal 2017,” stated Arturo Préstamo, Santacruz’s President and CEO. “This expected increase in production will be the result of significant development work completed at the Veta Grande and Rosario projects in the fourth quarter of 2016, which has set the stage for more robust 2017 operations. Although our focus on these development activities had the effect of reducing our fourth quarter 2016 production total, I am pleased to advise that the Company is now well positioned to steadily advance our production levels throughout the year.”

Lithium Australia have increased their interest in the Electra Lithium clays joint venture in Mexico ahead of a 3,000m drilling program scheduled to begin next week.