Category: Investor’s Corner

Taj Singh, President and CEO of Discovery commented, “We are excited to have closed this second financing of 2019 and we welcome Mr. Sprott’s continued support as our largest shareholder as well as the support from our new expanded European investor base. The increased demand for the offering demonstrates improved market sentiment and also investor confidence in our future business plans. Discovery is now solidly financed and is well-positioned to aggressively explore and develop its district-scale silver-rich projects in a rallying precious metals price environment.”

“Newmont Goldcorp generated $1,079 million in adjusted EBITDA and $365 million in free cash flow for the third quarter, building momentum for an even stronger fourth quarter,” said Tom Palmer, President and Chief Executive Officer. “We expect to deliver $240 million in annual run-rate improvements by the end of 2019 and exceed our initial synergy targets from the Goldcorp acquisition. We also continued to strengthen our portfolio and advance profitable growth by bringing on Borden, the Ahafo Mill Expansion and Quecher Main on time and within budget.”

High-grade, wide intersections with visible gold

Subsequent to the Meeting, the Board of Directors appointed Robert Eadie as Executive Chairman, President and Chief Executive Officer, Gary Arca as Chief Financial Officer, Salvador Garcia as Chief Operating Officer and Cory Kent as Corporate Secretary.

“We made significant progress during the third quarter toward achieving our full-year 2019 operational and financial objectives,” said Mitchell J. Krebs, President and Chief Executive Officer.

Millrock President & CEO commented: “Upon successful completion of the drill road and water well by Millrock’s team, the companies will be in a position to execute a $5.0 million drilling program beginning as early as the first quarter of 2020.”

GREAT PANTHER MINING LIMITED is pleased to report the appointments of Alan Hitchborn (P.Geo) as Vice President, Exploration and Lucie Gagnon as Vice President, People & Culture.

CEO John Lawrence said “The recent worldwide concerns over climate change and environmental remediation pose an excellent target for increasing sales and profitability of BRZ. Installing equipment to provide rail delivery will allow BRZ to provide one of the highest quality zeolites in large quantities at the lowest price.”

McEwen Mining Inc. is pleased to report additional positive drill results from Grey Fox, part of the Black Fox Complex, located in the prolific Timmins gold district, Canada.

“The third quarter was a busy and successful period for the Company. The Cosalá Operations continued its strong operational performance generating free cash flow, Relief Canyon construction significantly advanced toward first gold production this year and the Company increased its precious metal reserves by approximately 250% year over year,” said Americas President and CEO Darren Blasutti.