Category: Investor’s Corner

Golden Minerals Company has today announced financial results and a business summary for the full year ending December 31, 2019.

David Wolfin, President and CEO commented, “We can describe 2019 as a transitional year for Avino. The transition began with the winding down and ultimately the stoppage of mining at San Gonzalo during the fourth quarter of 2019. The San Gonzalo mine, which began commercial production in 2012, outperformed its 5-year mine life by exceeding that timeline by two years and produced 6 million silver equivalent ounces at an average cash cost under $10 per silver equivalent ounce.”

“We would like to thank our shareholders for supporting the finance and royalty agreements with Osisko that provide the Company with all the capital necessary to advance the Santana gold project through to its first anticipated production. As Minera graduates from gold developer to gold producer in 2020 we are grateful for the ongoing support of Osisko and all our shareholders.” Stated Doug Ramshaw, President, Minera Alamos Inc.

Gold Resource Corporation declares its monthly instituted dividend of one-third of a cent per common share for February 2020 payable on March 23, 2020 to shareholders of record as of March 11, 2020.

Santacruz Silver Mining Ltd. reports that further to its press release dated February 13, 2020 it has closed the first tranche of its non-brokered C$3.0 million private placement.

Plata Latina Minerals Corporation is pleased to announce, through its wholly-owned subsidiary Plaminco S.A. de C.V., that Metalúrgica Reyna S.A. de C.V., a wholly owned subsidiary of Fresnillo plc, has formally exercised its option to purchase the Company’s Naranjillo Property in Mexico.

John-Mark Staude, Riverside’s CEO stated, “We believe the spin-out of the Peñoles Project will be very beneficial to shareholders. Among other benefits, it will unlock the value of the Peñoles Project by allowing it to be developed separately, by a skilled and experienced management team, and it will allow our shareholders to own shares in two public companies.”

Aztec Minerals Corp. Board of directors of the Company has approved the repricing of a total of 200,000 stock options of the Company from $0.25 to $0.12 per common share, and a total of 1,950,000 stock options of the Company from $0.35 to $0.105 per common share.

The Company intends to use the net proceeds of the Offering to fund additional exploration on its Los Ricos project, particularly at the Monte del Favor target on the project, and for corporate development and general corporate purposes.

“We are very pleased with this new set of results, which are consistent with our previous sampling and are likely the expression of a large Au-Cu porphyry-skarn mineralized system”, commented Ruben Padilla, Sable’s VP of Exploration.