Category: Investor’s Corner

The Company intends to allocate the net proceeds of the sale of the Common Shares to advance the exploration and development of the Company’s Avino Mine and in particular exploration of the Hanging Wall area, and for working capital and general corporate purposes.

“The second quarter of 2019 was another period of strong operating performance with production and costs tracking well with guidance. One of the key highlights in the quarter was the declaration of commercial production at our Meliadine mine in Nunavut”, said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “With Meliadine ramping up to full production over the balance of the year and Amaruq on schedule to achieve commercial production in the third quarter of 2019, the Company is well positioned for a strong second half from both a financial and operational perspective”, added Mr. Boyd.

Southern Silver Exploration Corp. announces that due to increased interest the previously announced $2,000,000 private placement has been increased to $3,000,000. The Company now plans to issue up to 15,000,000 units in the non-brokered private placement at a price of $0.20 per Unit for gross proceeds of $3,000,000. Each Unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of five years at an exercise price of $0.25 per share.

Grupo México señaló que un incremento en su producción de cobre de 16% compensó a la caída en el precio del metal, la cual presionó a sus resultados.

Southern Silver Exploration Corp. plans to issue up to 10,000,000 units in a non-brokered private placement at a price of $0.20 per Unit to raise $2,000,000. Each Unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of five years at an exercise price of $0.25 per share.

PRIZE MINING CORPORATION announces that at its Annual General and Special Meeting scheduled to be held on August 22, 2019, shareholders will be asked to consider a special resolution to approve the continuation of the Company into the jurisdiction of British Columbia and to adopt a new set of Articles upon its continuation. The Continuation must be approved by special resolution at the Meeting, which requires a majority of not less than two-thirds of the votes cast by the shareholders present at the Meeting in person or by proxy. Furthermore, at the Meeting, the shareholders will be asked to consider a special resolution to approve an amendment to the Articles of Incorporation of the Company to change the name of the Company to “Boundary Gold and Copper Mining Ltd.” or such other name as the board of directors of the Company may approve.

Mexus Gold US is pleased to inform its shareholders that on July 18th the company satisfied a $105,000 loan commitment on time. In addition, the company announced that the 2500 ton leach pad at its Santa Elena mine is returning solution to the holding pond. Mexus has pumped 500 M3 of solution to the heap pad with 500 PPM NACN maintaining a Ph of 11.0 and a return flow of 350 M3 testing at 1.1 Au to start. It is expected to accumulate 5 to 7 oz. the first week with leaching continuing until the return solution stabilizes. Mexus will be adding new ore to the pad with the Merrill Crow gold recovery system running weekly to keep up with production.

Mako Mining Corp. today announced the successful completion of the previously announced rights offering which expired on July 15, 2019, raising total aggregate gross proceeds of approximately $27,001,718.

Alio Gold Inc. has received formal notice from Maverix Metals Inc., a 3.25% royalty holder over the Company’s Florida Canyon property, seeking arbitration to resolve disputed allowable deductions in the royalty calculations. The Company has been in discussions with Maverix since acquiring the Florida Canyon property in May 2018. The arbitration notice states that the dollar amount of the claim is still being calculated but the disputed amount based on past production is approximately $1,000,000. The Company intends to vigorously defend its interests and the interests of its stakeholders. The Company remains confident that the historical calculation of the royalty, which has not changed since the inception of the royalty in 2013, is correct and that the Company’s position is strong.

Defiance Silver Corp. is pleased to announce the appointment of Mr. James Bergin to its Board of Directors replacing Peter Hawley.