Category: Investor’s Corner

Taj Singh, President and CEO of Discovery commented, “We are excited to have Mr. Sprott’s support as we enter into our next phase of growth. His investment ensures Discovery is well funded to pursue its exploration plans for its Coahuila projects and also for the Cordero project, which will be added to Discovery’s portfolio upon closing of the Levon Transaction. For Discovery and Levon shareholders, Mr. Sprott’s investment is a strong endorsement of the combined company’s future business plans.”

Gold Resource Corporation reports preliminary production results for the second quarter ended June 30, 2019 of 9,559 ounces of gold, 467,484 ounces of silver and significant base metals. The Company currently maintains its 2019 Oaxaca Mining Unit production outlook and plans to increase its global production outlook once commercial production levels are reached at its Nevada Mining Unit’s Isabella Pearl gold project. The Isabella Pearl project reported the commencement of first gold production during the second quarter.

‘Our strong silver production reflects the continued outperformance of Greens Creek, which had higher grades and recoveries during the quarter as expected,’ said Phillips S. Baker, Jr., Hecla’s President and CEO. ‘San Sebastian is continuing to perform as expected as we continue the bulk sample test of the sulfide material. We expect gold production to be higher at both Casa Berardi and in Nevada in the second half of the year, particularly the fourth quarter.’

Under the now modified terms of the financing and in addition to the placement of Series 1 Units described above, IMPACT will offer up to 10,344,828 units at an increased price of $0.29 per unit consisting of one Share and one common share purchase warrant exercisable for a 36-month period following their issuance at an exercise price of $0.385 per Share for additional gross proceeds of up to $3,000,000.

5,099 tonnes of ore mined, with mined grades of 17.5% Zinc, 11.2% Lead and 62.2 g/t Silver

2,409 DMT of ore processed, with processed grades of 17.5% Zinc, 11.2% Lead and 62.2 g/t Silver

Ore stockpiles of 6,599 tonnes available for processing through the Aldama plant

Aldama plant upgrades in progress to double throughput to 200t/d

Minera Alamos Inc. – The Board of Directors of Minera Alamos has approved the issuance of up to 9,000,000 options to Management, Directors, Employees and Consultants pursuant to its stock option plan. The options are exercisable at a price of $0.16 and expire in five years.

Golden Minerals Company today announced that it has entered into definitive agreements with institutional investors for an offering of shares of common stock with gross proceeds of $2.25 million. The offering is expected to close on or about July 19, 2019, subject to the satisfaction of customary closing conditions.

‘We have been committed to Avino for over 50 years and treat our workers fairly and in accordance with Mexican labour laws. The Company had to make some difficult decisions with respect to our underground labour force given the upcoming closure at San Gonzalo. The Company remains committed to maintaining a dialogue in good-faith with the unionized workers and we are pleased that agreements were reached, and that no further interruptions have occurred. In addition, we are continuing our focus on cost reduction measures to reduce corporate overhead, as well as a focus on optimizing our internal mine plan to maximize profitability. We are still on track to meet our internal production guidance for 2019 and are proud of our dedicated and loyal workforce who are integral to the ongoing success of the Company.’

Rob McEwen, Chairman and Chief Owner commented: ‘The big events in Q2 were achieving commercial production at Gold Bar in late May and the high-grade exploration results from the Black Fox properties. Production results in the quarter were mixed. San José and El Gallo, which accounted for 62% of our Q2 production, performed well this quarter. At Gold Bar and Black Fox, we have had our head down and were pushing hard all quarter long. While both mines delivered better production in Q2 than in Q1, we didn’t achieve our forecast numbers. As a result, we have reduced our 2019 production guidance for gold by 6%.’

‘Our recent progression into the lower grade Diluvio zone demands a very focused mining approach in order to realize Mercedes full potential,’ stated John Begeman, Executive Chairman of Premier. ‘We will continue to adjust to the challenges associated with lower grade ores while we exploit opportunities elsewhere in the mine. We have many positive developments elsewhere in the Company that will contribute to our success this year.’