Category: Investor’s Corner

Total production during Q3 was 35,042 gold ounces and 947,145 silver ounces, or 45,930 gold equivalent ounces using the average gold:silver price ratio for Q3 of 87:1.

Completed 100% acquisition of Plomosas in September 2019, acquiring the remaining 10% interest, in exchange for a 1.0% net smelter return royalty

Terry MacGibbon, Chair of the Torex Board of Directors, stated: “Since co-founding Torex over 10 years ago, I am very proud of the Company’s success and its evolution to a well-established Canadian intermediate gold producer. The Company is on a great trajectory with its foundational asset, the El Limón Guajes mining complex, a highly experienced and respected management team, and strong growth opportunities.”

“Our Oaxaca Mining Unit’s strong operational results, coupled with our continued ramp up of our Isabella Pearl mine, which recently declared commercial production, resulted in record gold production for the third quarter,” stated Mr. Jason Reid, President and CEO of Gold Resource Corporation.

The company’s net income in the first nine months of 2019 was $543.2 million, compared to net income of $1.2 billion in the first nine months of 2018. The $683.5 million year-over-year decrease was mainly due to lower operating income, partially offset by better financial results and a lower income tax expense.

Arturo Prestamo, Santacruz’s CEO stated, “We are pleased that Minera Cedros has agreed to extend the current expiry date of the Zimapan Mine lease agreement as we expect there will be substantial benefit to the Company from operating the Zimapan Mine during this period while also providing the parties additional time to negotiate the terms of the potential acquisition of the Zimapan Mine by Carrizal.”

Oceanus Resources Corporation announces that it is now live on VRIFY, a platform being used by companies to communicate with investors using 360° virtual tours of remote mining assets, 3D models and interactive presentations.

Oroco Resource Corp. is pleased to announce that the warrant holders from a unit offering completed on April 26, 2018 have fully exercised all 4,500,000 share purchase warrants, providing proceeds to the Company of $720,000.

Alien Metals Limited, the AIM quoted mineral exploration and development company, is pleased to provide shareholders with an update on its due diligence on the Hancock Ranges and Brockman iron ore projects, over which the Company has an exclusive option to acquire 51%.

The Company determined that it did not properly disclose, under International Financial Reporting Standards, the required note disclosure for related party transactions and share capital.