Azure provides updates on the Oposura, Oso Negro and Alacrán Projects. Cash balance as of 30 September 2018 is approximately A$5.2 million.
Thomas A. Doyle, President and CEO of the Company, stated that having Agnico as a strategic investor, particularly given its technical knowledge in an area that is geologically complex, will be a great advantage to the Company, especially during the exploration stage.We look forward to the upcoming drill program.
GOLDCORP INC. announces that that it has received approval from the Toronto Stock Exchange of its Notice of Intention to Make a Normal Course Issuer Bid. Under the NICB, Goldcorp may purchase for cancellation up to 43,476,502 Common Shares (representing 5% of its 869,530,053 issued and outstanding Common Shares as of October 26, 2018) over a twelve month period commencing on October 31, 2018. The NCIB will expire no later than October 30, 2019.
Pierre Gauthier, Chairman & CEO of Auxico, commented, “The dual listing of Auxico’s common shares on the NEX Exchange will provide our Company with access to the capital markets of London, one of the largest financial markets in the world. Access to growth capital from London, through the NEX Exchange, will help Auxico to advance its business plans in Colombia and Mexico, where we have access to significant opportunities in the mining sector. In addition, a NEX listing makes sense for our Company as a significant portion of our common shares are already held by residents of the UK.”
As previously noted, our production during the third quarter was unacceptably below expectations and not representative of the improvements we have made at Platosa in recent quarters, stated Brendan Cahill, President and CEO.
“We have full faith and confidence in our Mexican legal team and the rule of law in Mexico. We believe that justice will prevail in the near future,” stated Mark Gordon, Odyssey CEO. “We remain confident in the extensive scientific testing and modeling conducted by subject matter experts that demonstrate the ability to safely and cost effectively recover phosphate from this offshore deposit.”
Oroco Resource Corp. is pleased to announce that, due to the private placement previously announced on October 9, 2018 being oversubscribed, it is increasing the Private Placement by an additional 750,000 units. The increased private placement will now comprise up to 3,750,000 units at a price of $0.20 per unit to raise gross proceeds of up to $750,000.
Mr. Reid continued, I want to personally thank our shareholders, our team members, and all who have supported us along the way making this one hundredth consecutive monthly dividend possible. Our current operations in Mexico continue to deliver consistent production results, and we look forward to commissioning our first mine in Nevada mid-2019. We believe both mining units have the potential to contribute to future monthly dividends. On behalf of Gold Resource Corporations Board of Directors, management and team, we thank you for your continued support as we note this major milestone.
“The third quarter included many positive changes for New Gold that will help reposition the Company as a leading, Canadian-focused intermediate gold producer. We strengthened the technical experience of the Board and senior executive team and announced the sale of the Mesquite Mine, which improves our cash position, secures the liquidity to complete the ramp-up of Rainy River, and allows us to focus exclusively on our two producing assets, Rainy River and New Afton, and unlocking value for our Blackwater project,” stated Renaud Adams, President and Chief Executive Officer.
Agnico Eagle Mines Limited today reported quarterly net income of $17.1 million, or $0.07 per share, for the third quarter of 2018.
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