Category: Investor’s Corner

Ore deliveries to the Santa Eulalia concentrator were 4,158 tonnes during the month, with reported recoveries of 89.2% zinc to Zinc Concentrate and 83.5% lead to Lead Concentrate. The concentrate grades were 48.1% zinc in Zinc Concentrate and 42.7% lead in Lead Concentrate. These recoveries are within the long-term recovery expectations of blending Plomosas with the Santa Eulalia ore at the Santa Eulalia processing plant. The Plomosas ore concentrates to a low impurity concentrate which is highly desired by smelters.

Xtierra Inc. announces that it intends to raise up to $1,000,000 by way of a non-brokered private placement of common shares.

Ridgestone Mining Inc. is pleased to announce that it intends to complete a non-brokered private placement financing for gross proceeds of up to $1,120,000 which is expected to consist of units with each Unit comprised of one common share and one-half of one common share purchase warrant at a price of $0.14 per Unit, or such other price per unit determined by Ridgestone Mining management in compliance with TSX Venture Exchange pricing regulations. Each Warrant will be exercisable for one additional common share of Ridgestone Mining at a price of $0.25 per share for a period of eighteen months following the closing of the Financing.

Orla Mining Ltd. is pleased to announce that it has filed a final short form base shelf prospectus in order to maintain financial flexibility as Orla continues to advance the Camino Rojo Oxide Project towards a construction decision later this year and ensuring the Company remains on track with the development of its first mine. The Shelf Prospectus has been filed with the securities regulatory authorities in each of the provinces and territories of Canada, except Quebec. The Company has no immediate intentions to undertake an offering of securities under the Shelf Prospectus.

Vangold Mining Corp announces that upon the recommencement of trading of the Company’s common shares, the shares will trade on two old for one new share consolidated basis. The Company’s name and trading symbol will remain unchanged. The record date for the consolidation is March 12, 2019.

With the closing of the first tranche, Defiance has strengthened its balance sheet and significantly reduced its outstanding liabilities. Defiance intends to use the proceeds of the financing to permit and complete an aggressive drill program at its San Acacio Silver project that will drill test the recently defined silver-copper anomaly that starts at a depth of 200m and continues to over 1km in depth and measures 400m in wide and 300m in long.

Tamino Minerals Inc. has agreed to retain the services of Mr. Dale Gray, an Arizona Registered Geologist. Mr. Gray has provided a variety of consulting services to Freeport McMoran for several mines in Arizona for a number of years.

Igor Gonzales, President and CEO of Sierra Metals commented, “The new Corporate Facility combined with our strong cash flow provides greater financial flexibility to our capital structure and will enhance our ability to implement growth initiatives in line with the Company’s strategic plan. The main use of this facility is to repay the existing BCP credit facility at our Diabras Peru subsidiary, which was established at the time of the Sociedad Minera Corona acquisition in 2011. The new structure provides a more efficient capital structure that would allow us to better meet the growth plans for Sierra Metals in the future.”

Fred Davidson, President & CEO of IMPACT, stated, “Over 2018 we encountered a mixture of lower silver prices and fluctuating foreign exchange rates. Operational changes have been made to address cost concerns and to mitigate financial risk at current silver prices. Going forward, IMPACT’s objective is to achieve positive cash flow on existing production levels while exploring selective higher-grade targets which IMPACT can fast track to higher grade production.”

Coeur Mining, Inc. today announced the appointment of Brian E. Sandoval, former Governor of Nevada, to the Company’s Board of Directors and its Environmental, Health, Safety and Corporate Responsibility Committee effective March 8, 2019.