Category: Investor’s Corner

Mr. Mast is a metallurgical engineer and brings to Primero over 25 years of international mining experience. Mr. Mast previously held leadership positions including Vice President of Corporate Development at Copper Mountain Mining, owner of the 35,000 tonnes per day Copper Mountain mine in British Columbia, Vice President of Operations at New Gold Inc. where he was responsible for overseeing approximately 1,600 employees at 4 mines producing a combined 400,000 ounces per year of gold and substantial silver and copper by-products. Mr. Mast was also the President and CEO of Minera Panama, a subsidiary of Inmet Mining (now First Quantum), during the development of Cobre Panama, a 290,000 tonnes per year copper project. In addition, he was President and General Manager of the large-scale Falcondo ferronickel operations in the Dominican Republic, now owned by Glencore. Mr. Mast has a Master’s degree in Metallurgical Engineering from McGill University, is a registered professional engineer and is fluent in English, Spanish and French.

GREAT PANTHER SILVER LIMITED provides a correction to its January 29 2015 news release entitled “Great Panther Updates Mineral Resource Estimate at the Guanajuato Mine Complex”. A transposition error resulted in the incorrect computation of the percentage changes, year over year, in the resources as reported on pages one and three of the aforementioned news release. There was no error in the reported 2014 resource estimates. The updated Mineral Resource Estimate reported for 2014 at the Guanajuato Mine Complex in Guanajuato, Mexico, including updates on the Guanajuato and San Ignacio Mines and the El Horcon Project, remains unchanged. The summary table of the 2014 Mineral Resource Estimate for the GMC can be found on the news release mentioned above.

Vista Gold Corp. today announced it has agreed to amend the payment terms of its sale of the Los Cardones gold project in Baja California Sur, Mexico to Invecture Group, S.A. de C.V. and RPG Structured Finance S.a.r.l. Under the Amendment, the Company will receive a payment of US$3.0 million cash from the Purchasers as full and final payment for 100% of the Company’s debt and equity participation in the Los Cardones gold project.

Prospero Silver Corp. is pleased to announce that it has closed the previously announced convertible loan financing with seven lenders for loans in the aggregate amount of $200,000.

The Board of Mexican-focused copper explorer Azure Minerals Limited ) is pleased to provide its Quarterly Activities Report for the period ended 31 December 2014.

BIG NORTH GRAPHITE CORP. announces that it intends to raise up to $250,000 by way of a non-brokered private placement of common shares at a price of $0.02 per Share pursuant to a discretionary waiver of the $0.05 minimum pricing requirement granted by the TSX Venture Exchange. Subject to certain limitations discussed below, the Offering is open to all existing shareholders of the Company as well as pursuant to other available prospectus exemptions. The Offering is subject to Exchange final acceptance.

GREAT PANTHER SILVER LIMITED announces an updated Mineral Resource Estimate at the Company’s wholly-owned Guanajuato Mine Complex in Guanajuato, Mexico, including updates on the Guanajuato and San Ignacio Mines and the El Horcon Project. The updated Mineral Resource Estimate does not include the most recent drill results at San Ignacio and the discovery of high grade silver-gold mineralization to the south of the existing resource block. This new data will be the subject of a further resource update later this quarter.

San Marco Resources Inc. has completed its non-brokered private placement financing announced on October 24 and December 17, 2014. A total of 12,967,500 units were issued at $0.05 per Unit for gross proceeds of $$648,375, a roughly 30% increase over the original financing target of $500,000. Insiders of the Company acquired 2,687,500 (or 21%) of the Units issued in this financing.

Endeavour Silver Corp. reports updated NI 43-101 silver and gold reserve and resource estimates for its three producing mines in Mexico: the Guanaceví Mine in Durango State and the Bolañitos and El Cubo Mines in Guanajuato State; as well as one exploration project, the San Sebastián Project in Jalisco State, as of October 31, 2014.

The Company has advanced the development of the “North Nose” area of the Project. It is expected that this will increase gold production in 2015/2016. While anticipated, this work was not included in the previously approved capital expenditures and will result in an increase of estimated capital expenditures in the amount of $22 million. The total Capex Estimate for the Project is now at $800 million, representing an increase of approximately $53 million from the previously approved $725 million capex budget. In addition to the $22 million increased capital expenditures related to the “North Nose” area of the Project, the Capex Estimate also includes approximately $47 million of contingency and accounts for the escalation of costs compared to the 2012 feasibility estimates. The Project remains fully funded and a $60 million second draw on the previously announced project finance facility was received on January 28th.