Category: Investor’s Corner

Riverside Resources Inc. Provides Update on Spin-Out Transaction and Capitan Mining Inc. Listing

Capitan has received conditional approval to list the Capitan Shares on the TSXV. Final listing approval will be subject to Capitan satisfying all of the listing conditions of the TSXV, including completion of a financing of at least $2,000,000. In connection with the Arrangement, Capitan has received subscriptions for and intends to complete a non-brokered private placement of approximately 17,500,000 Capitan Shares at a purchase price of $0.20 per Capitan Share for gross proceeds of approximately $3,500,000 concurrently with the Effective Date of the Arrangement.

Golden Minerals Reports Second Quarter 2020 Results

Golden Minerals’ President and Chief Executive Officer, Warren Rehn, commented, “With the recent capital raise completed, we have a significant cash balance and are now in an excellent position to fund a start-up of production at the Rodeo deposit early next year, assuming that the results of our confirmatory drilling program are satisfactory and providing we receive the necessary government approvals.”

Pan American Silver Reports Cash Flow From Operations of $62.8 Million in Q2 2020 and Updates 2020 Guidance

“The global COVID-19 pandemic had a significant impact on Q2 results, with all our Latin American operations placed in care and maintenance mode for periods of time during the quarter. Except for our two polymetallic underground mines in Peru, all operations are now back in production under comprehensive health and safety protocols,” said Michael Steinmann, President and Chief Executive Officer.

Aura Announces Share and BDR Division

The Company will advise the market of the record date(s) and expected payment date(s) for the Share Division and the BDR Division, as well as other key dates and details in connection with same, in due course.

Premier Contemplates US-Focused Spin-out

“We are exploring the attractiveness of creating two companies that would benefit from streamlined property portfolios and a simplified domestic investment thesis”, stated Ewan Downie, President and CEO of Premier.

Torex Gold Announces Strong Q2 2020 Financial Results and Updated Guidance

Jody Kuzenko, President & CEO of Torex, stated: “While this quarter was far from business as usual, we delivered solid operational performance and demonstrated the financial strength of our business even in these most challenging times. Despite the mandated suspension of our operations due to COVID-19, we produced 59,500 ounces of gold, delivered $49.3 million in adjusted EBITDA and $28.1 million in operating cash flow (prior to non-cash working capital).”

Canasil Closes $1,565,500 Over-subscribed Non-brokered Private Placement To Fund Drill Programs on Mexican Silver-Gold Projects

Bahman Yamini, President and CEO, commented; “We are very pleased to close this Placement in a short time after it was announced, and thank all the participating subscribers and welcome our new shareholders. We are now fully funded for the planned 2,500-metre drill programs at each of our Nora and La Esperanza silver-gold projects in Durango and Zacatecas States, Mexico, for a total of up to 5,000 metres during the second half of 2020. Drilling is currently in progress at Nora, and will be followed by La Esperanza in September/October 2020.”

Premier Gold Mines Reports 2020 Q2 Results

“Gold production continued without interruption at South Arturo providing for yet another strong operating quarter”, stated Ewan Downie, President & CEO. “At Mercedes, we have implemented a reduction of plant through-put designed to reduce costs, improve grade and maximise the profitability of the operation”.

Gold Soars Past $2,000, Gold Up On Stimulus Hopes

Gold surged past the $2,000 mark on Tuesday after Democrats and the White House appeared closer to agreement on new stimulus to help the coronavirus-hit economy while stocks on Wall Street traded mixed as investors awaited more aid from Washington.

Canuc Closes Private Placement

Canuc Resources Corporation announces the closing of a non-brokered Private Placement for gross proceeds of $650,000.

GFM Announces a Change of Location of Annual General Meeting Due To Ongoing COVID-19 Concerns

In light of ongoing and evolving concerns and issues related to the spread of COVID-19, and in order to mitigate potential risks to the health and safety of its shareholders, employees, communities and other parties, the Corporation is strongly encouraging shareholders and others NOT to attend the Meeting in person to be held on Thursday, August 13, 2020 at 10:00 a.m. (Pacific Time).

Excellon Closes $17.9 Million Financing

“We had incredible support for this financing from existing, long-term shareholders and we look forward to delivering returns in this developing precious metals bull market,” stated Brendan Cahill, President and CEO.

Prime Mining Announces Appointment of New CFO

Prime Mining Corp. is pleased to announce effective August 1, 2020 the appointment of Ian Harcus as Chief Financial Officer, replacing Mr. Simon Anderson who relinquishes his role as Chief Financial Officer but will remain with the Company in a transition capacity.

Canasil Closes $1,565,500 Over-subscribed Non-brokered Private Placement To Fund Drill Programs on Mexican Silver-Gold Projects

Bahman Yamini, President and CEO, commented; “We are very pleased to close this Placement in a short time after it was announced, and thank all the participating subscribers and welcome our new shareholders. We are now fully funded for the planned 2,500-metre drill programs at each of our Nora and La Esperanza silver-gold projects in Durango and Zacatecas States, Mexico, for a total of up to 5,000 metres during the second half of 2020. Drilling is currently in progress at Nora, and will be followed by La Esperanza in September/October 2020.”

Sailfish Provides Update on Gavilanes Silver Property

Sailfish Royalty Corp. would like to remind its shareholders that on November 9, 2018, the Company was granted the option to acquire the Gavilanes silver property located in Durango, Mexico as part of the restructuring of the original gold stream on San Albino.

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