Category: Investor’s Corner

“The divestiture of Minto will allow us to focus our resources on opportunities that will have a more meaningful impact on the long-term growth of the company,” said Darren Pylot, President and Chief Executive Officer of Capstone. “This agreement is consistent with our continuing efforts to deliver shareholder value by focusing on our core assets and allows us to further strengthen our balance sheet. Minto has been an important part of the development of Capstone and we are optimistic for the future of Minto under Pembridge’s stewardship.”

Net earnings were $242 million, or $0.28 per share, compared to net earnings of $101 million, or $0.12 per share, for the fourth quarter of 2016. Operating cash flows for the fourth quarter of 2017 were $511 million compared to $239 million for the same period in the prior year. Adjusted operating cash flows were $401 million for the fourth quarter of 2017 compared to $306 million for the same period in the prior year.

“We are very pleased with our results for the year, with adjusted earnings and EBITDA of $2.6 billion and $5.7 billion, respectively,” said Don Lindsay, President and CEO. “With our strong operating results, we achieved record revenues and cash flow from operations in 2017. Our financial position is very strong and with the startup of Fort Hills and favourable markets for our key products, we are well positioned for the coming year.”

“The Company now has a strong balance sheet with no debt, production growth with lowering costs, and is well positioned to strengthen and advance its business.” said Brad Langille, CEO.

San Marco Resources Inc. announces the engagement of Paul MacDonald to serve as Investor Relations Consultant to the Company on a non-exclusive basis for a period of one year commencing February 14, 2018.

IMPACT Silver Corp. is pleased to announce the appointment of Jerry Huang to the position of Acting Chief Financial Officer, effective February 13, 2018.

Levon Resources Ltd. announces that it has amended and closed its previously announced non-brokered private placement through the issuance of units of the Company at a price of C$0.35 per Unit, for total gross proceeds of $899,925. Each Unit will consist of one common share and one common share purchase warrant entitling the holder to acquire one common share of the Company at a price of C$0.50 per common share for a period of two years from the closing of the Placement.

Avino and San Gonzalo Mines – 2017 Production Highlights

Silver equivalent production – 2,700,585 oz*
Silver production – 1,394,203 oz
Gold production – 7,935 oz
Copper production – 4,373,166 lbs

El Sindicato Nacional Minero Metalúrgico El Frente conmemoró ocho años de su formación con el anuncio e la incorporación de 500 plazas más para Fresnillo.

Analysis by BMI Research predicts that Mexico’s mining industry will experience one of the fastest recoveries in Latin America due to the strong price performance of its key commodities – gold, silver, copper and zinc – along with a steady project pipeline and supportive regulatory framework. Heidi Vella profiles Mexico’s mining sector and its prospects for 2018 and beyond.