Category: Investor’s Corner

MEXICAN GOLD CORP. is pleased to announce that, subject to TSX Venture Exchange approval, it is undertaking a non-brokered private placement comprised of up to 50,000,000 units of the Company at an issue price of $0.08 per Unit for aggregate gross proceeds up to $4,000,000.

The region saw 29 new financing deals announced in the quarter worth US$128mn, according to figures collated by BNamericas. This was a sharp drop from the 37 deals and US$387mn in Q1.

Leagold Mining Corporation reports Q2 2019 consolidated gold production of 91,285 ounces, bringing year to date 2019 production to 197,234 oz, in line with guidance. Sales in the first half of the year totalled 201,724 oz.

Proceeds from the Private Placement will be used to fund the Company’s exploration programs at the Cervantes porphyry gold-copper project in Sonora, Mexico and the Tombstone CRD silver-lead-gold-copper project in Arizona, as well as for general working capital purposes.

Silver One Resources Inc. is pleased to announce that it will conduct a non-brokered private placement of up 20,000,000 units at a price of $0.125 per Unit for gross proceeds of up to $2,500,000.

Arturo Prestamo, Santacruz’s CEO stated, ‘The acquisition of a 50% interest in Carrizal is an important first step towards returning to 100% ownership rights in the Veta Grande Project, subject to receiving the necessary approvals to complete the purchase of the remaining 50% of Carrizal. It also offers the Company a chance to acquire an indirect interest in an operating mine in a potentially accretive transaction that could enhance Santacruz’s operations.’

Fresnillo plc sigue la construcción de la planta de flotación de jales en Fresnillo para procesar jales históricos y continuos que programa poner en funcionamiento en el segundo semestre de 2020.

Fresnillo has now determined it to be in the Company´s best interests to align its tax treatment across its underground mining operations subsidiaries with the Conclusive Agreement. Accordingly, Fresnillo has voluntarily elected to apply the same criteria regarding the tax treatment of mining works to all its underground mines, retrospectively for the years 2014 to 2018.

Alio Gold Inc. reports the voting results from its annual general and special meeting of shareholders held today in Vancouver, British Columbia.

Peter Taylor, CEO of Alien, commented: “This modest round of strategic funding comes at a premium, underwrites ongoing exploration of the asset portfolio and opens new opportunities to consider complementary projects. I am pleased to welcome and secure the brokerage and research capabilities of SVS alongside those of First Equity.”