Category: Investor’s Corner

SSR Mining Inc. announces today that on December 19, 2019 it received an additional 24,160,385 common shares of AbraPlata Resource Corp. and C$200,000 cash payment in connection with the Plan of Arrangement between AbraPlata and Aethon Minerals Corporation, as consideration for our agreement to amend our purchase and sale agreement in respect of the sale of the Diablillos and M-18 projects.

Southern Silver Exploration Corp. is pleased to announce the appointment of Gina Jones to the board of directors.

Mr. Warren Rehn, President and Chief Executive Officer of Golden Minerals, said, “We are very pleased to conclude the sale of these non-core concessions to Peñoles. The cash received will enable us to advance our key exploration projects in Mexico and Nevada.”

100% percent of the voting disinterested shareholders approved the Company’s option to acquire Altamura Copper Corp. and advance working loans to Altamura as described in the Company’s news release of October 9, 2018.

The México Final Legal Ruling is Favorable to DynaMéxico, and denies the Amparo challenge of Goldgroup Resources Inc., the subsidiary of Goldgroup Mining Inc. The Mexico Final Legal Ruling constitutes the Final Appeal of Goldgroup Resources Inc.; and is Not subject to further appeal or protest.

Igor Gonzales, President and CEO of Sierra Metals commented:“The management team is pleased with the improved information quality of the updated Reserve and Resources Mineral Estimate for the Yauricocha Mine.”

Defiance Silver Corp. is pleased to announce that it has extended the Loan from Windermere Capital Fund SPC (on behalf of the Navigator Segregated Portfolio) for an additional year. The Loan will mature on December 21, 2020. During 2019, the loan balance was reduced by $500,000.

Taj Singh, President and CEO, states, “We are very excited to welcome Forbes to the management team at Discovery. His capital markets background in conjunction with his corporate experience in exploration and project development will be key assets in driving value creation through the advancement of Discovery’s flagship Cordero project as well as through broadening the Company’s exposure within the investment community.”

“The increase in our facility on more attractive terms is a reflection of the increased scale of Alamos as well as our strong operating and financial outlook. Combined with our existing cash, this further strengthens our financial flexibility with no debt and nearly US$700 million of available liquidity,” said Jamie Porter, Chief Financial Officer.

The gross proceeds raised from the sale of the Offering will be used by First Mining to fund exploration programs that qualify as “Canadian Exploration Expenses” and “flow-through mining expenditures”, as those terms are defined in the Income Tax Act (Canada).