Category: Investor’s Corner

Excellon Resources to Acquire Otis Gold Creating a New Multi-asset Precious Metals Company

Excellon President & CEO Brendan Cahill stated: “The acquisition of Otis Gold represents an exceptional opportunity to further Excellon’s vision of creating wealth. We believe that we are at the dawn of a new bull market in precious metals. The Kilgore deposit multiplies our resource base and increases our precious metal exposure from approximately fifty percent to over ninety percent.”

Mako Closes US$15,150,000 Term Loan

The Company proposes to use the funds from the Loan for construction, development and exploration activities in Nicaragua, for general corporate purposes and for fees and expenses incurred in connection with the Loan.

Aztec Minerals Arranges CAD$430,000 Private Placement Financing

The Company intends to use the net proceeds of the Private Placement to conduct exploration work on its Tombstone CRD silver-gold-lead-zinc-copper project in Arizona, complete the joint venture agreement for the Cervantes Porphyry gold-copper project in Mexico, and for general working capital purposes.

Discovery Metals Receives TSX Venture 50 Award

Taj Singh, President and CEO, states: “2019 was a transformative year for Discovery owing to the acquisition of the Cordero project mid-year. We are very pleased that the work we have done post-acquisition in conjunction with a strengthening silver price has translated to strong market performance culminating in being named to the Venture 50.”

Teck Reports Unaudited Annual and Fourth Quarter Results for 2019

“Ongoing global economic uncertainty negatively impacted commodity prices in the fourth quarter and that has continued into 2020, exacerbated by the effect on markets from the Coronavirus and the impact of severe weather conditions in British Columbia, followed by blockades on rail lines,” said Don Lindsay, President and CEO.

Ridgestone Mining Closes First Tranche Of Private Placement Financing

Jonathan George, CEO comments: “We are excited to have closed this first tranche of the private placement, which allows us to secure and finalize our upcoming maiden drill program on our Rebeico project’s New Year zone, where high-grade gold has been encountered.”

Kootenay Silver Recognized as a 2020 TSX Venture 50™ Company

Kootenay President and CEO, James McDonald stated: “We are pleased and honoured to be recognized as a top 50 performer in the 2020 TSX Venture 50™. This selection not only validates the quality silver assets assembled by the Company but also recognizes the hard work conducted by our talented technical and administrative teams in Mexico and Canada.”

Alamos Gold Reports Fourth Quarter and Year-End 2019 Results

“We reported a solid fourth quarter and 2019. We met our production guidance for the fifth consecutive year, and we met our cost guidance with a 10% reduction in total cash costs from a year ago. Stronger gold prices and lower costs drove a 40% increase in operating cash flow,” said John A. McCluskey, President and Chief Executive Officer.

Coeur Reports Fourth Quarter and Full-Year 2019 Results

“Higher precious metals prices and strong performance from our primary gold operations drove a 14% increase in revenue, an 11% increase in adjusted EBITDA, and a four-fold increase in operating cash flow,” said Mitchell J. Krebs, President and Chief Executive Officer.

Torex Gold Announces Year-End 2019 Financial Results

“The coming year promises to be one of solid cash flow, advancement of our Media Luna growth project, and pushing forward with our proprietary Muckahi Mining System to fuel future growth. Exciting times for Torex.”

Alamos Gold Reports Mineral Reserves and Resources for the Year-Ended 2019

“We had another tremendous year at Island Gold on all fronts with the asset continuing to evolve into a world class ore body. Over the past two years we have added more than two million ounces of Mineral Reserves and Resources, before mining depletion, with the deposit now approaching four million ounces in all categories. We see strong potential for this growth to continue with the deposit open laterally and down-plunge across multiple areas of focus,” said John A. McCluskey, President and Chief Executive Officer.

Coeur Reports Year-End 2019 Mineral Reserves and Resources

“We launched several resource expansion drilling campaigns in 2019 in the pursuit of potential mine life extensions and high-return organic growth opportunities. Our efforts were successful on multiple fronts, as demonstrated by the increase in both our inferred resources and in our measured and indicated resources,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer.

Evrim advances the TREK 31 property in British Columbia

Dave Groves, Vice President of Exploration for Evrim commented, “The acquisition of TREK 31 is the result of using government funded exploration initiatives and evolving exploration models to generate new exploration targets.”

Starcore Announces 3rd Quarter Production Results

“The results of our operational excellence programs at the San Martin mine are starting to gain traction and have resulted in improved production, gold grade and gold recovery quarter over quarter” reported Salvador Garcia, Chief Operating Officer of the Company.