Category: Investor’s Corner

The independent report, dated April 18, 2018 (effective date December 31, 2017), entitled “TECHNICAL REPORT ON THE MERCEDES GOLD-SILVER MINE, SONORA STATE, MEXICO” was completed by Roscoe Postle Associates Inc. and provides detail to the disclosure contained in the Company’s news release issued on March 26, 2018. Qualified persons for the report include Kathleen Ann Altman (Ph.D., P.E.), Grant A. Malensek (P.Eng./P.Geo.), and Chester M. Moore (P. Eng.).

Almaden intends to use the net proceeds of the Offering for exploration and development activities relating to the Ixtaca project, and for general corporate purposes.

Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAAS) reported the voting results from its annual general and special meeting of shareholders held May 9, 2018 in Vancouver, British Columbia. Each of the matters voted upon at the Meeting is described in detail in the Company’s Management Information Circular dated April 4, 2018, which is available on the Company’s website at www.panamericansilver.com.

SilverCrest Metals Inc. reports that it has filed an amended annual information form, as of April 23, 2018, for the year ended December 31, 2017.

First Majestic Silver Corp. (NYSE:AG) (TSX:FR) (Frankfurt:FMV) is pleased to announce that it has terminated the pre-existing silver purchase agreement with Wheaton Precious Metals Corp. and its subsidiary, Wheaton Precious Metals International Ltd., relating to the newly acquired San Dimas Mine and entered into a new precious metal purchase agreement with WPMI and FM Metal Trading (Barbados) Inc., a wholly-owned subsidiary of First Majestic.

Paul Benson, President and CEO said, “We produced over 78,000 gold equivalent ounces with all three operations performing well during the quarter. Seabee had a standout quarter, with the lowest cash costs since we acquired the operation in 2016 and record mill throughput of more than 1,030 tonnes per day. With development at Chinchillas remaining on track for delivery in the second half of the year, and production at Seabee and Marigold ramping up through the year, our operating and financial performance positions us well for growth in 2018 and 2019.”

“We realized strong improvements in our cost profile during the first quarter, with an AISC of $11.76 excluding non-cash items,” stated Brendan Cahill, President and CEO. “More importantly, during March we realized an AISC of $7, or negative $0.90 excluding non-cash items. We expect costs to continue to improve now that we have transitioned to a more productive cut-and-fill mining method. Additionally, with key ramps now accelerated well below production levels, we have a growing dry mineral inventory of over 50,000 tonnes available to continue increasing production in Q2 and Q3.”

GoGold Resources Inc. (TSX: GGD) reports record production of 417,191 silver equivalent ounces in the quarter and generated revenue of $5.4 million on the sale of 337,821 silver equivalent ounces at an average realized price of $15.99 in the quarter ending March 31, 2018.

Alio Gold Inc (TSX:ALO) (NYSE AMERICAN:ALO) today announced that Institutional Shareholder Services Inc. and Glass, Lewis & Co., LLC, two leading proxy advisory firms, have recommended that both Alio Gold and Rye Patch shareholders vote FOR the plan of arrangement whereby Alio Gold will acquire all of the issued and outstanding shares of Rye Patch, at their special meetings of shareholders to be held on May 18, 2018.

Director Robert R. Gilmore has decided not to stand for re-election to the Board of Directors at the Annual General Meeting. Mr. Gilmore has been a member of the Board and served as audit committee chair since 2010.