Westminster Resources Ltd. announces that it proposes to undertake a private placement to raise gross proceeds of up to $200,000 through the sale of up to 4,000,000 common shares priced at $0.05.
Tahoe Resources Inc. is pleased to announce that earlier today the Mexican Federal Economic Competition Commission approved the proposed transaction whereby Pan American Silver Corp. will acquire all of the issued and outstanding shares of Tahoe. All required regulatory, shareholder and court approvals have been received at this time and the Arrangement is anticipated to be completed on or about February 22, 2019.
The Company has requested that the TSX Venture Exchange extend the expiry date of the warrants for a term of six months, to September 3, 2019. All other terms and conditions of the warrants, including the acceleration clause, remain the same.
“From an operational standpoint, 2018 was another strong year as we exceeded production forecasts at lower than expected unit costs for a seventh consecutive year while growing gold reserves and successfully advancing our Nunavut development projects”, said Sean Boyd, Agnico Eagle’s Chief Executive Officer.
Starcore International Mines Ltd. announces production results for the third quarter of fiscal 2019, ended January 31, 2019, at its San Martin Mine in Queretaro, Mexico.
PRIZE MINING CORPORATION announces that pursuant to the Alberta Securities Commission order of February 12, 2019 with respect to Prize, the Company is providing additional disclosure with respect to its previously issued news release on June 21, 2018 headlined Prize Mining Announces Amended Terms of Non-Brokers Private Placement and Major Lead Orders and the July 6, 2018 closing of such non-brokered private placement.
Cerro San Pedro Mine. During the year closure activities will continue that primarily focus on closing and reclaiming mine infrastructure while working closely with local communities and governments in order to leave a positive legacy.
Reserves in stable jurisdictions are a mining companys most important asset. Hecla now has the largest reserve in its 128-year history and its largest single year increase because of exploration. The increase reflects the quality of the districts we control; our long-term, consistent strategy; and the capturing and use of all the data that long-lived mines have, said Phillips S. Baker, Jr., President and CEO.
As a result of the previously announced acquisition of the Company by Newmont Mining Corporation for approximately $10 billion, Goldcorp recognized a non-cash impairment of $3,879 million (net of tax) representing the difference between the book value of the Company’s shareholder’s equity and the Newmont offer. Accordingly, the net loss for the fourth quarter of 2018 was $3,984 million or $4.58 per share, compared to net earnings of $242 million or $0.28 per share, for the fourth quarter of 2017.
To date, the Company is of the view that Isatis Capital has not fulfilled its obligations under its agreement with the Company and there has been no material progress on the credit facility. This lack of performance has affected the Companys ability to move forward in the timely development of the Guadalupe property as planned.
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