Category: Investor’s Corner

Mako Mining Corp. today announced that it will conduct an offering of rights to acquire common shares of the Company to raise gross proceeds of C$27,000,000.

Finnish industrial machinery company Metso has announced its acquisition of McCloskey International, a Canadian mobile crushing and screening equipment manufacturer.

Galore Resources Inc. announces that further to its news release of May 27, 2019 which advised the Company had received a USD $100,000 loan from an officer of the Company in order to pay expenses related to its current 2,500-meter diamond core drilling program at Galore’s 100% owned El Alamo target, the Company has now agreed to issue 2,000,000 bonus warrants to the Lender as further consideration for the loan. The bonus warrants will be exercisable for a period of one year from the date of issuance at a deemed price of $0.05. The issuance of these bonus warrants will be subject to the acceptance by the TSX Venture Exchange.

Global miners BHP Group, Anglo American Plc and Glencore Plc revealed details on tailings dams, months after ethical investors sought the information following a second deadly dam disaster in Brazil.

Jourdan Resources Inc. announces today that Deborah Battiston was appointed as the Chief Financial Officer of the Company, effective as of June 1, 2019, following the resignation of Stephen Woodhead, effective May 31, 2019.

Goldgroup Mining Inc. announces it will hold its Annual General Meeting of shareholders on Wednesday, July 31, 2019 at 10:00am (PST).

“We saw activity pick up in the second half of the quarter after getting off to a slow start with many of our rigs only restarting by mid-February,” said Denis Larocque, President and CEO of Major Drilling Group International Inc. “Our Canadian operations did particularly well at the end of the quarter as we grew our market share in specialized drilling.”

Pursuant to the option agreement dated September 25, 2018 and amended March 22, 2019 comprising the Qualifying Transaction, the Corporation has acquired from the Seller an option to acquire a 100% undivided interest in two mining claims located in the municipality of Yecora, Sonora, Mexico, for a four-year period. The Property consists of two contiguous claims covering an aggregate area of approximately 345 hectares is located approximately 250 kilometers east-southeast along the Federal Highway 16 from the state capital, Hermosillo.

“Hecla has a strong commitment to operate within cash flow as demonstrated by the positive free cash flow over the past 3 years and longer,” said Phillips S. Baker, Jr., President and CEO. “However, the Nevada operations have not generated the cash flow we had hoped for so we are curtailing most development and reducing the workforce with the goal of the operation generating positive cash flow in the second half of the year. We still see lots of opportunities to improve costs, manage water, improve recoveries and explore but only plan to do it within cash flow.”