Category: Investor’s Corner

Candente Gold Corp. (TSXV:CDG) advises that it has applied to the TSX Venture Exchange for approval to extend the exercise period of a total of 5,000,000 outstanding share purchase warrants issued pursuant to the private placement completed on August 12, 2016. The original expiry date was August 12, 2018 and if the extension is approved, the new expiration date will be August 12, 2020.

“While production during the second quarter was somewhat lower than planned due to heavier than usual rainfall at our Guanajuato Mine Complex, we continue to expect to meet our production guidance for 2018”, stated James Bannantine, President & CEO. “In addition, we are very pleased with the positive results of our recently announced Preliminary Economic Assessment for the Coricancha Mine in Peru. We have now begun preparations for the Bulk Sample Program and look forward to providing further updates as we continue to advance the project.”

Bradford Cooke, Endeavour CEO, commented, “Our Second Quarter, 2018 production was much improved over Q2, 2017, continuing the trend established in the First Quarter 2018. As a result, we are on track to meet our guidance of higher production and lower costs in 2018 thanks to improved operating performance at the El Cubo and the development of our fourth mine at El Compas.

Consolidated Zinc chairman, Mr Stephen Copulos commented: “We welcome Angela to the Board as she brings a wealth of experience in the international resources sector. She is uniquely qualified to strengthen the Company’s governance, legal and accounting systems and her appointment will round out and strengthen the Board. We look forward to her involvement and guidance as Consolidated Zinc moves to commence production.”

Igor Gonzales, President and CEO of Sierra Metals commented: “The Company is very encouraged by the results of this PEA as they support the plan to profitably develop and grow the Bolivar Mine in sustainable and staged steps from 3,000 TPD currently, to 3,600 TPD in Q1-2019, and to 5,000 TPD in mid-2020, based on consensus metal pricing.

Taj Singh, President & CEO, states, “We are very excited to have Gernot join the team. Gernot brings a unique depth of experience with him. He has worked on a range of projects from grassroots through to advanced-stage and has the proven ability to coordinate between all disciplines involved to drive projects forward. His significant experience working in Latin America and with carbonate-hosted deposits will be tremendous assets for us as we focus on the advancement of our projects in Mexico.”

As previously described, the net proceeds of the Offering will be used by the Company for: Marketing, advertising and Investor Relations activities; Corporate Development and M&A financial advisory services; Drilling, geological, engineering and metallurgical investigations and associated consulting services on the Manto Negro Copper Project located in Coahuila State, Mexico; Property payments/leases/option payments, and Corporate General and Administrative expenses.

Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC) announces the voting results from its Annual Meeting of Shareholders held on Thursday, July 5, 2018, in Vancouver, British Columbia.

Bacanora CEO Peter Secker said: “The proposed US$90 million investments from blue-chip investors of the calibre of SGRF and our existing strategic partner, global trading company Hanwa, is a clear endorsement of Sonora’s credentials to become a low-cost producer of high-value lithium carbonate.”

“We are pleased to have the restructuring of the debt facility completed,” said Greg McCunn, Chief Executive Officer. “Macquarie has demonstrated their commitment to support Alio as we advance the Florida Canyon mine to a steady state production level. The restructuring provides us with the financial flexibility to focus on operational efficiencies to reduce costs.”