Category: Investor’s Corner

Fortuna Silver Mines, Inc. (NYSE: FSM) (TSX: FVI) is pleased to report first quarter 2018 production results from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The Company produced 2.4 million ounces of silver and 15,041 ounces of gold or 3.4 million Ag Eq1 ounces, plus base metal by-products. Fortuna is on schedule to meet annual production guidance of 8.3 million ounces of silver and 48.3 thousand ounces of gold or 11.4 million Ag Eq ounces in 2018.

William Murray, the Chairman of Prospero said: “Prospero’s plan for the coming field season is to continue value-added work to our existing project portfolio, and to finalise arrangements to acquire more projects. The ‘first-pass’ drilling of three projects in 2017 with strategic partner Fortuna Silver essentially validated Tawn Albinson’s exploration strategy for epithermal systems. Pachuca SE, for example, was totally blind at surface, and yet all three holes have identified extensive mineralised structures. We now look forward to the continuation of this rapid assessment exploration approach on three other projects, namely Buenavista; Trias and Bermudez. This private placement is an important first step toward raising what we hope will be sufficient funding for roughly 6,000m of core drilling during 2018.”

Kiran Patankar, President and CEO, stated: “Equity market conditions remain challenging for junior mining companies despite an uptick in commodity prices over the past year. During this time, our surface exploration work has uncovered previously unknown resource expansion potential and identified new drill-ready discovery targets, both of which would significantly enhance the long-term value of the Company’s flagship Tepal project. Regarding the name change, the word ‘valoro’ in Spanish means ‘I value’ with an emphasis on ‘oro’, which is Spanish for ‘gold’ and reflects our current focus in Mexico. We believe that the proposed Consolidation will better position the Company to finance its growth objectives in 2018 and beyond.”

Mexus Gold US (OTCQB: MXSG) announced today that MexusGold Mining SA de CV, a subsidiary of MexusGold US, is terminating its joint venture agreement with MarMar Holdings. The agreement outlined the contractual obligations at the Santa Elena project in Caborca, Sonora State, Mexico. The decision to terminate the agreement was made due to MarMar’s lack of funding for the project, non-compliance with various aspects of the agreement, and their inability to meet environmental standards at the site. Lack of funding by MarMar resulted in a disappointing 8.5oz Au produced in the last 22 months. The agreement stipulated that MarMar was to provide the funding, equipment, and fully operate the mine. Unfortunately, this did not occur.

Highvista Gold Inc. (TSXV: HVV) wishes to announce that its asset purchase agreement with Prince Arthur Capital Corporation has been amended to reflect the extended closing of the transaction to June 29, 2018. PAC is an “affiliated entity” used to facilitate the acquisition of two leased properties and one development property located in Windsor, Ontario. The transaction will constitute a Change of Business from mineral exploration to an investment company and a Reverse Takeover transaction under the rules of the TSX Venture Exchange.

“We are very pleased with the overwhelming support for this transaction by Leagold and Brio shareholders,” said Neil Woodyer, CEO of Leagold. “The acquisition of Brio advances our strategy to create an intermediate Latin American gold producer. With four operating mines and two development projects in Mexico and Brazil, the combined operations have the potential to produce over 700,000 ounces of gold by 2020; this gives Leagold a strong platform for further growth within Latin America.”

México resulta un país atractivo en el sector de la minería debido a su riqueza y diversidad en recursos, así como por las facilidades que ofrece para la constitución de empresas provenientes del extranjero, lo que ha permitido la entrada en operación de nuevas minas en el país.

GoGold Resources Inc. (TSX: GGD) announces record production for the quarter ended March 31, 2018 of 265,629 ounces of silver and 1,908 ounces of gold for 417,191 silver equivalent ounces at the Parral project, a 6% increase from the prior quarter. The previous record quarter was 408,024 in the quarter ending June 2015. This past quarter has been the sixth consecutive quarter of production growth as the initiatives put in place in previous quarters continue to return positive results.

En la clasificación elaborada por el Fraser Institute, un think tank canadiense que elabora un informe sobre los países más atractivos para atraer inversiones mineras, México se ubicó en el lugar 44 en la edición de 2017, seis posiciones arriba frente al año previo, pero distante de la posición 11 lograda en 2011.

Oroco Resource Corp. is pleased to announce that it intends to complete a non-brokered private placement at a price of $0.10 per unit to raise gross proceeds of up to $750,000. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole share purchase warrant will be exercisable into one additional common share for a period of 18 months from closing at a price of $0.16 per share. The exercise period for the warrants may be accelerated to 30 days if, at any time after the first 4 months of the warrant exercise period, the volume-weighted trading average of the Company’s shares over a period of 20 consecutive trading days exceeds $0.35.