Category: Investor’s Corner

Bacanora Lithium said it remained in active discussions with the sovereign wealth fund of the Sultanate of Oman, to conclude the proposed US$65M offtake agreement for the miner’s flagship Sonora Lithium Project in Mexico.

George Paspalas, President and CEO, commented, “The Juanicipio Joint Venture property continues to be the gift that keeps on giving. Discovering two new mineralized veins readily accessible from the underground workings we have been developing over the last 5 years, once again demonstrates Juanicipio’s exceptional mineral endowment. We are pleased with the progress we are making with our JV partner Fresnillo, finalizing construction and operating agreements, and look forward to commencing the process plant construction in the near term.

Rob McEwen, Chairman and Chief Owner of McEwen Mining, stated “We are very pleased to have successfully completed this equity raise as it fully funds the Company’s current mining projects and exploration prospects.

Goldcorp Inc. was informed by Newmont Mining Corporation today that, in connection with Newmont’s previously announced offers to exchange any and all outstanding notes issued by Goldcorp for (1) up to $2,000,000,000 aggregate principal amount of new notes to be issued by Newmont and (2) cash, and related consent solicitations to adopt certain proposed amendments to each of the indentures governing the Existing Goldcorp Notes, Newmont has received tenders with respect to the aggregate principal amounts of Existing Goldcorp Notes set forth below, which constitute the requisite number of consents to adopt the Existing Goldcorp Indentures.

Vangold intends to use the net proceeds from the private placement for general working capital and corporate purposes. The proposed increase in the private placement remains subject to acceptance by the TSX Venture Exchange.

Torq Resources Inc. announces the appointment of Stacy Rowa as Chief Financial Officer and the resignation of Peter Rees as Chief Financial Officer and Corporate Secretary, effective April 1, 2019. Mr. Rees is resigning to pursue a new opportunity.

GREAT PANTHER MINING LIMITED reports that Dr. Nicole Adshead-Bell has resigned from the Company’s Board of Directors effective today.

Igor Gonzales, President, and CEO of Sierra Metals stated: “I am very pleased with the Company’s performance during Q4 and full year 2018. Despite challenges such as harsh weather events in Q3 at the Bolivar Mine, the Company generated positive cash flow at its three operating Mines, realizing a 13% increase over 2017, and our production results were solid with year over year increases to the consolidated production of all metals except lead. The Company continues to realize positive returns on the capital investments and operational improvement efforts at all our Mines.This is best demonstrated through our improving operating performance, strengthening of our asset base, significantly lower all-in sustaining costs and continued strong cash flow.

:Fortuna Silver Mines Inc. reports that the Company has filed today updated technical reports on its San Jose Mine and Caylloma Mine dated effective February 22, 2019 and March 8, 2019, respectively. The technical reports are available on the Company’s website, on SEDAR, and on the SEC’s website.

Jorge A. Ganoza, President and CEO, commented: “For the second successive year, our infill drill programs at both San Jose and Caylloma were successful at replenishing Mineral Reserves mined.” Mr. Ganoza added, “In addition, the exploration programs executed last year resulted in the definition of a maiden Inferred Mineral Resource for the Victoria mineralized zone at San Jose, as well as the expansion of resources at Animas NE.” Mr. Ganoza concluded, “Both targets remain open at depth and along strike for further exploration.”