Category: Investor’s Corner

Jim Voisin, President & CEO of First Mexican Gold Corp commented that “it has been a very long and protracted number of years with many possible funding disappoints. This funding solution enables FMG to move forward aggressively on long developed property plans while maintaining 100% control and vested interest of the Guadalupe property and the Karen zone while offering the opportunity to deliver enhanced shareholder value to our long suffering faithful shareholders. I look forward to aggressively moving the project forward”.

Bacanora Lithium plc, the London listed lithium exploration and development company, is pleased to announce that Chief Executive Officer Mr. Peter Secker has been appointed as a main board director of the Company with immediate effect. Mr. Secker has over 35 years’ experience in developing, constructing and operating mines, and most recently, has direct experience of developing lithium projects. He will continue to act as CEO of the Company, a post he has held since 19 May 2015.

Gold production from South Arturo during the quarter has already exceeded annual guidance, as a result of a decision by Barrick (the operator) in January to accelerate the processing of the Phase 2 ore stockpile. At Mercedes, the Company expects full year production to be weighted toward the second half of 2018 after modifications to the mine plan are realized at the new Diluvio deposit to account for slight differences in the orebody geometry versus the original plan (model). The Company remains on-track to meet or exceed its consolidated full-year production guidance of 85,000-95,000 ounces of gold.

Back in June last year, writing for the website gettingthedealthrough.com, Florencia Heredia and Maria Paula Terrel stated: “Latin America continues to be a relevant jurisdiction for mining investments. In spite of the downcycle and difficulties faced by the industry, the region still remains attractive and certainly a part of the world to continue watching.” Last month, Energy and Gold Publishing published a project report (on Canadian junior Fiore Exploration, active in Chile) that stated: “Latin America is clearly the leading growth continent for the resource industry as senior metals producers scramble to replace depleting reserves.”

Silver Bull is pleased to announce that the Shareholders have ratified and approved the appointment of Smythe LLP, as auditors of the Company (91,342,467 or 93.58% voted “For”, 2,251,299 or 2.31% voted “Against” and 4,017,684 or 4.11% abstained from voting) until the next annual meeting of shareholders or until their successor is appointed, at a remuneration to be fixed by the Company’s directors.

“Over the last two years, our renewed capital investment program has generated positive changes to the business,” said Keith Neumeyer, President & CEO. “We are projecting a 15% increase is silver production in 2018, however, most of this increase will be realized in the second half of the year as the new roaster at La Encantada ramps up to commercial production. Furthermore, with the recent increase in reserve grades, head grades at the mills are expected to improve resulting in higher production and lower costs as the year develops.”

“We worked through challenges early in the quarter and had an excellent finish, exceeding our previously indicated projections,” stated Brendan Cahill, President and Chief Executive Officer. “During the quarter, we completed development to advance production into the next levels of the Pierna, Rodilla and 623 mantos. We are now realizing higher grades and have ample dry inventory to deliver improved production going forward. We also continue to mill lower-grade historical stockpiles, which lower our overall head grade, but deliver good cash flow.”

Vangold Mining Corp. (TSXV: VAN) (OTC Pink: VGLDF) (FSE: E35B) is pleased to announce, following the Annual General meeting held April 17, 2018, the addition of Dr. David Terry PhD., P.Geo and Jonathan Challis P.Eng., B.Sc., MBA as directors of the Company.

Commenting on this news, Ron Tremblay, President and CEO, said, “The PEA Update confirms Levon’s belief in the upside mineral potential and positive economics that we always expected. With the successful completion of an infill drilling program and subsequent metallurgical, mining, geotechnical, and tailings studies, Levon remains confident that it will continue to improve the project towards commercial production in the future.”

Aura Silver Resources Inc. (TSX-V: AUU) announces that it is undertaking a non-brokered private placement offering to raise gross proceeds of up to $600,000. The Company has applied for, and received, conditional approval from the TSX Venture Exchange for a waiver from the five-cent minimum price requirement. Under the terms of the proposed offering, Aura Silver would issue a minimum of 5,000,000 units for gross proceeds of $150,000 and a maximum of 20,000,000 units for gross proceeds of $600,000. The units would be issued at $0.03 (3 cents) per unit.