Category: Investor’s Corner

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.

Magellan Gold Corporation is pleased to announce the immediate appointment of Frank A. Pastorino as Chief Operating Officer, further strengthening Magellan’s senior management team. The Company announced David Drips as President & CEO on June 19, 2019.

SilverCrest Metals Inc. is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by National Bank Financial Inc. and Desjardins Capital Markets, pursuant to which the Underwriters have agreed to purchase, on a bought-deal basis, 3,762,000 common shares of the Company at a price of C$5.85 per Share for aggregate gross proceeds to the Company of C$22.0 million.

GREAT PANTHER MINING LIMITED is pleased to report the appointments of Fernando Cornejo as Vice President of Projects & Technical Services and Marcelo Batelochi as Director of Exploration, Brazil.

Discovery Metals Corp. announces it has received conditional approval from the TSX Venture Exchange to complete the proposed plan of arrangement transaction with Levon Resources Ltd. as described in Discovery’s news release dated May 30, 2019, subject to standard closing conditions. Levon has also received conditional approval of the Toronto Stock Exchange in connection with the proposed transaction.

“We had another strong quarter of production despite significantly lower metal prices during the period – but it’s exciting to see the rebound in precious metal prices, particularly silver, in recent weeks,” stated Brendan Cahill, President and Chief Executive Officer. “Our focus on reducing dilution continued to deliver results with improved ore grades and increased metal production with further progress ongoing at the mine and mill. As indicated previously, we ended Q1 with a significant stockpile of fresh ore and concentrate. As a result, sales and revenues from the deferred material from Q1 will be reflected in our Q2 financial results.”

Recientemente, desde la Secretaría de Innovación y Desarrollo Económico se anunció que un nuevo proyecto en el área de minería estaba por concretarse. Se trata de la mina conocida como “Los gatos”, que se encuentra a un par de meses de iniciar operaciones en la comunidad de San José del Sitio en Satevó y cuya inversión corre por parte de la compañía Sunshine Silver Mine y Dowa Holdings Co. Ltd. Japan.

Silver One Resources Inc. announces that it has granted a total of 2,435,000 stock options to its directors, officers, consultants and advisors. The stock options have a five year term, are exercisable at $0.26 per share and subject to certain vesting requirements.

Americas Silver Corporation is pleased to announce that Eric Sprott has agreed to purchase 3,955,454 common shares of the Company at a price of CDN$3.30 per share, for a total investment of approximately US$10 million in a non-brokered private placement.