Category: Investor’s Corner

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.

Bradford Cooke, Endeavour CEO, commented, “The Company’s performance last year was negatively impacted by operating issues at all four mines. We made sweeping changes to the mining operations in Q2 and Q3 and as a result, we are finally seeing production turning around, led by Guanacevi. Endeavour expects higher production at each of its three mines in 2020.”

Tras una derrama económica de 900 millones de dólares, Minera Real del Oro, S. A. de C. V., subsidiaria de Argonaut Gold Inc., informa que su Unidad Minera El Castillo ubicada en Durango concluirá operaciones en 2022, las cuales ha llevado a cabo de manera segura y exitosa durante 12 años.