Author: Josue Gomez

Paul Benson, President and CEO said, “This was a quarter and a year of records for Silver Standard. Marigold exceeded our improved production and cash cost guidance and produced over 207,000 ounces of gold, a record in the mine’s 28-year history. Pirquitas also performed at the top end of guidance, driving total production to over 350,000 gold equivalent ounces at cash costs 11% lower than in 2014. We continued to invest in our future and generated significant exploration success at Marigold while also advancing our option to earn into the Chinchillas project, a potential satellite deposit for Pirquitas. …”

Jim Williams, Chief Executive Officer of Arian, commented, “We are pleased to be making progress in rebuilding Arian, whilst remaining cognisant of the current low metal prices and the fact that investor sentiment towards the mining sector remains negative. With this in mind, we are initially concentrating our efforts on near-term and low-cost production opportunities, possibly through the leaching of tailings. Mining and metals markets operate in cycles and the current sentiment will change in time, as such we are also looking at projects with longer-term potential.”

El mejor analista de metales preciosos según Bloomberg, OCBC, pronostica que el oro podría llegar hasta los mil 400 dólares la onza si la aversión al riesgo se intensifica.

Marlin Gold Mining Ltd. is pleased to announce its intention to commence a normal course issuer bid, subject to the approval of the TSX Venture Exchange. The Company intends to purchase, from time to time as it considers advisable over the 12-month period of the NCIB program, an aggregate of 2,000,000 common shares in the capital of the Company, representing approximately 1.73% of the Company’s issued and outstanding Common Shares and approximately 8.79% of the Company’s “public float”.

MAG Silver Corp. announced today that it has entered into an agreement with a syndicate of underwriters led by Scotia Capital Inc., BMO Capital Markets and Raymond James Ltd., pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 8,905,000 common shares of the Company at a price of US$7.30 per Common Share, for total gross proceeds of US$65,006,500. The Company will also grant to the Underwriters an over-allotment option to purchase up to 1,335,750 additional Common Shares. The Over-Allotment Option will be exercisable for a period of 30 days following closing.