Category: Investor’s Corner

Iron Ore Glory Days Seen Numbered as China Demand Rolls Over

Iron ore faces a long, slow slide over the coming half-decade. Prices are poised to decline over the long term as the impact of weakening demand in biggest buyer China will more than offset gains in consumption seen in other emerging markets including India, according to Citigroup Inc.

Impact Silver Rallies on High Grade Results

Impact Silver Corp. [IPT-TSXV; IKL-FSE] shares rallied Wednesday September 11 after the company announced high-grade silver results from underground drilling at the San Ramon Mine in the Royal Mines of Zacualpan District, central Mexico.

Almadex Options Ponderosa Property in Spences Bridge Gold Belt

Almadex, its predecessors and partners have worked in the Spences Bridge area since about 2002. J. Duane Poliquin, Chairman of Almadex, stated, “We have now optioned all of our Spences Bridge property holdings to partners, and look forward to active exploration on our properties over the coming years”.

Golden Minerals Announces Termination of Sales Agreement

Warren Rehn, Golden Minerals’ President and Chief Executive Officer, commented, “While it is unfortunate we could not come to terms with Autlán, we are now in a position to consider future options for the properties that were included in the Autlán agreement. Due to the recent increases in gold and silver prices, we believe the value of these assets has increased substantially.”

Golden Goliath Sets Options

The Company has granted 3 million incentive stock options to directors and officer and 400,000 to employees and consultants. The incentive stock options are exercisable for a period of five years at a price of $0.10.

Mexichem Fluor changes name to Koura

Refrigerant manufacturer and supplier Mexichem Fluor has changed its brand name to Koura, in a move which sees its group company Mexichem adopting the name Orbia Advance Corporation.

Discovery Metals Announces Clarification Of News Release Issued September 10, 2019

Discovery acquired the Cordero project through its acquisition of all of the issued and outstanding shares of Levon Resources Ltd. (“Levon”) (see Discovery news release of August 2, 2019). The mineral resource estimate and Preliminary Economic Analysis (“PEA”) supporting the disclosure in the news release were completed by Levon, now a wholly-owned subsidiary of Discovery.

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