Category: Investor’s Corner

During 2019, the El Castillo Complex and La Colorada mine production totaled 131,277 GEOs and 55,338 GEOs, respectively.

“Coeur’s operations delivered solid gold production in 2019, highlighted by a strong second half of the year,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer. “Palmarejo was our best performing operation last year, while Kensington’s gold production increased 12% year-over-year. Wharf’s gold production was 58% higher in the second half of 2019 compared to the first half, leading to a 10% year-over-year production increase.”

“During Q4 2019 we achieved higher production compared to Q3 2019, due to the higher grades at the Avino Mine achieved during the month of November as a result of a mine sequence that included a significant portion of a geological gold lens within the Avino mine resulting in higher gold grades sent to the mill and ultimately, recovered,” said David Wolfin, President and CEO.

Evrim Resources Corp. is pleased to report results from a surface sampling program completed by exploration partner Golden Ridge Resources on the Company’s Ball Creek project in northwest British Columbia. The work completed by Golden Ridge successfully identified several new exploration targets at the Hickman and More areas and expanded on previous exploration at the ME prospect.

Fortuna Silver Mines, Inc. is pleased to announce fourth quarter and full year 2019 production figures from its two underground operating mines, the San Jose Mine in Mexico and the Caylloma Mine in Peru.

Santana Minerals Limited is pleased to announce results from trenching from the northern section of the Phu Lon Nickel Prospect, located within the Sayabouly Project in Laos.

“We had another exceptional year at Island Gold operationally, financially and through the drill bit. The operation produced 150,400 ounces of gold in 2019, achieving a new record for the fifth consecutive year, and set a new record for free cash flow.”

“First Majestic posted another record year in 2019 producing 25.6 million silver equivalent ounces following our first full year of production from the San Dimas mine and several successful innovative projects that have significantly increased metallurgical recoveries at our Santa Elena and La Encantada operations,” said Keith Neumeyer, President & CEO.

The total raised in tranche two issuing 2,000,000 units at a price of $0.05 per Unit for aggregate gross proceeds of $100,000.00. The aggregate total raised of the two tranches issuing 10,000,000 units at a price of $0.05 per Unit for aggregate gross proceeds of $500,000.

Mining company Teck Resources Ltd. says it is purchasing the SunMine solar electricity generating facility in B.C. from the City of Kimberley.

“2019 was a transformative year for Pan American and one of the most important in our 25-year history. We completed the Tahoe transaction and successfully integrated the new assets into our portfolio, capturing $25 to $30 million in annual G&A synergies. Pan American is now a much larger, stronger and more profitable company,” said Michael Steinmann, President and Chief Executive Officer of Pan American.

Rob McEwen, Chairman and Chief Owner commented: “2019 was a year of exploration highs overshadowed by production lows. After issuing two disappointing reductions in production guidance we finally achieved our guidance. The problems that plagued us in 2019 were largely unique events that will not be reoccurring. Exploration will continue to be a key focus at Stock West, Grey Fox, Black Fox and Gold Bar, where we see the potential to create the greatest near-term value.”

Mexican mining company Minera Autlan said on Tuesday a suspension of operations at its ferroalloys plant in the northern city of Gomez Palacio since December has extended into January due to difficult domestic steel market conditions.

Fred Stanford, President and CEO of Torex, stated: “In 2020 we expect our El Limón Guajes mine to deliver a similar production result to the record performance achieved in 2019. This level of production with continuing strength in the gold market, positions the Company to deliver another year of strong operating cash flow, which we expect to direct towards advancing Media Luna, testing Muckahi, and reducing outstanding debt.”

Since October, 2019, Prime geologists have been working with a database of 493 historic drill holes to establish a new 43-101 compliant in-pit resource over all of the project areas at Los Reyes. For the first time since modern work has been completed at Los Reyes, all 493 historic drill holes are in one data base. The data set has been thoroughly reviewed and in early December was forwarded to Stantec Consulting Ltd., which is presently working towards a new resource estimate within the coming weeks.

Augmented reality is quickly becoming one of the must-have technologies for major industries, including healthcare, government, military, automobiles, and education. It’s even transforming the mining industry with regards to improving mine productivity, reducing maintenance costs, protecting miners, providing site tours of mines, and training in real-world environments, notes Mining Technology.

“Production at Parral has increased for 5 consecutive quarters, and we are now at a production level we aim to maintain for the rest of the year. Our production rate this quarter is 80% higher than where we were at this quarter last year.” said Brad Langille, President and CEO.

Silver One Resources Inc. is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement by issuing 11,300,000 units at a price of $0.25 per Unit for gross proceeds of $2,825,000. Further, Eric Sprott, through 2176423 Ontario Ltd., a company which is beneficially owned by Sprott, subscribed for $1,000,000 of the Financing. As a result, Sprott continues to be the largest shareholder of Silver One and holds 12.4% of the issued and outstanding shares of Silver One.

“The planned sale of the Silver District will allow us to focus on our near-term production opportunities in Mexico with our primary emphasis on obtaining financing for our Santa Maria mine project,” said David Drips, President & CEO of Magellan.

“We ended 2019 on a stronger note at Tucano, exceeding the high end of our most recent guidance range for the fourth quarter,” stated Jeffrey Mason, Interim President & CEO. “Reflecting on 2019 as a whole, the acquisition of Tucano has transformed Great Panther, nearly tripling our gold equivalent production. As we begin 2020, we look forward to another year of production growth while continuing to execute on key operational initiatives in Brazil and Mexico, including expanded exploration programs. Together with our recent key management additions and $21 million in non-equity funding, we are well positioned to execute on our 2020 plans.”

Minera Alamos Inc. is pleased to announce it has closed the private placement announced on December 6th, 2019 consisting of 30,000,000 common shares of the Company at a price of $0.20 per Common Share for aggregate gross proceeds of $6,000,000 with Osisko Gold Royalties Ltd.. As a result of the Offering, Osisko has increased its shareholdings of the Company’s Common Shares from 12.3% to 18.7%.

Eric Chapman, Vice- President Technical Services, commented, “The encouraging maiden reconciliation results reflect a good correlation in gold grade between the mine and the reserve model.” Mr. Chapman continued, “In the first quarter of 2020, the mining rate is planned to increase as mining activities expose higher grade mineralized areas located in the southeast of the deposit for direct feeding to the crushing circuit.”

The company decided to terminate the contract with Ganti, as it reviewed the annual report of the contractor’s performance and productivity. It saw significant overcharging and underperformance at the mine.

Silver One Resources Inc. is pleased to announce that it has increased the size of its previously announced private placement financing. Due to oversubscribed demand, the private placement financing will increase from 10,680,000 units to 20,820,000 Units at a price of $0.25 per Unit for gross proceeds of up to $5,205,000.

With the closing of the bought deal public offering and exercise by SSR Mining of its equity participation right, SilverCrest is in a robust financial position to advance the high-grade precious metal Las Chispas Project in Sonora, Mexico with C$124 million of cash and no debt.