Author: Josue Gomez

Prospero Silver Corp. is pleased to announce that it has entered into a new agreement with Exploraciones del Altiplano, S.A. de C.V., a privately held Mexican Company, in respect of new work programs on the San Luis del Cordero property in Durango State, Mexico. A previous agreement, dated August 29, 2008, contemplated Prospero completing an exploration program exploration at Cordero with staged payments of cash; the issuance of Prospero shares and certain exploration expenditures on the property, leading to Prospero acquiring 100% ownership, subject to a residual 2% NSR royalty for Altiplano. Due to difficult market conditions, Prospero was not able to keep pace with the cash and expenditure requirements of that 2008, and had to rely on informal accommodations from Altiplano in order to retain its interest in the Cordero property…

Oremex Silver Inc. announced today that it has filed an updated National Instrument 43-101 technical report in respect of its Tejamen silver project in Durango, Mexico. The report was prepared by Gustavson Associates, LLC of Lakewood, Colorado and provides and updated resources estimate (as of December 10, 2015) for the project. The Report provides an estimated inferred resource of 19.8 million tonnes containing 28.7 million ounces of silver at 45.0 g/t and 15,700 ounces of gold at 0.025 g/t. The Report will be filed under the Company’s profile on SEDAR at www.SEDAR.com.

Chief Owner, Rob McEwen, stated: “This is wonderful news and it highlights our strong operational performance in 2015, where we increased our gold/silver production, decreased our production cost/oz., generated free cash flow and steadily built our treasury over the year. Also, during the year we declared and paid our first ever semi-annual capital distribution. Our share price appreciation since July, 2015 reflects the value in exercising financial discipline and resisting the temptation to finance at the bottom of the market. We refused to give away our future upside. We have not and will not sell metal streams, sell royalties or hedge our future production. At this time, we are debt free, we have $33 million in cash and bullion. As you can see, we have no pressure on our balance sheet and we will be paying our second capital distribution on February 12th. This is a great way to start 2016.”

Cobre del Mayo, S.A. de C.V. announced that February 9, 2016 is expected to be the settlement date of its previously announced offer to eligible noteholders to exchange any and all of its outstanding approximately $217.2 million aggregate principal amount of 10.75% Senior Notes due 2018….

Almadex Chairman, J. Duane Poliquin commented, “We have an outstanding portfolio of mineral projects and we are pleased to commence drilling on the most advanced, El Cobre. At the same time, we also anticipate defining drill targets on other projects so that we can position ourselves to make the next discovery with our in-house exploration and drilling team.”

Comstock Metals Ltd. is pleased to announce the appointment of Steven H. Goldman to the Board of Directors. Steven H. Goldman is a senior partner in the Toronto law firm of Goldman Hine LLP….

Alset Energy Corp. is pleased to announce that, subject to regulatory approval, it has appointed Gennen McDowall as a director and Chairman of the Board of Directors for the Company. Throughout his career, Mr. McDowall has held senior positions at major mining companies and has been a director of several public mining companies. His experience and network of contacts in the mining and financial sector will be a valuable addition as he helps guide Alset’s Board of Directors.

Bradford Cooke, Endeavour CEO, commented, “Our Guanaceví and Bolañitos mines continue to be profitable at current metal prices but the El Cubo mine continues to lose money in spite of our successful efforts to expand the operation and reduce cash operating and all-in sustaining costs three years in a row. Therefore, we plan to mine the accessible reserves this year at El Cubo and have suspended investments on exploration and mine development there until metal prices improve. That means El Cubo will see a steady decline of production through the year until it goes on care and maintenance in the fourth quarter.

Jim Williams, Chief Executive Officer of Arian commented: “I am once again excited to be taking Arian forwards in what could be described as a new chapter. Our cash outflows have reduced significantly in recent months as head office costs have been streamlined, most notably through internal reorganisation and reduction in salaries paid, we have to date generated monthly savings of US$0.1 million. Looking at 2016, we will have a stronger balance sheet, firstly through the elimination of debt financing, and secondly with the injection of cash from this financing. The market is ripening with opportunities, which we are positioning ourselves to seize.”