Category: Investor’s Corner

“We executed on a number of operational and strategic objectives in 2017, all of which continue to strengthen our outlook. We met guidance with a 10% increase in production to a new record of 429,400 ounces while delivering an 8% decrease in all-in sustaining costs. This drove strong free cash flow growth from our operations and our best financial performance in years,” said John A. McCluskey, President and Chief Executive Officer.

Jorge A. Ganoza, President and CEO, commented: “Our infill drill programs at San Jose and Caylloma mines were successful at replenishing reserves mined in 2017.” Mr. Ganoza continued, “In addition, the exploration programs over the last year at Caylloma have yielded a 92 percent increase in tonnes of Inferred Resources. This success underpins the potential for this mine to continue presenting opportunities to extend its life.”

Alianza Minerals Ltd. is pleased to provide a summary of work completed in 2017 and plans for 2018. Alianza remains focussed on advancing its projects in favourable mining jurisdictions and optioning out drill ready projects to partners. In addition to work programs in Peru and Nevada, the Company is planning to advance its projects in Yukon Territory and is actively assessing new opportunities in all three jurisdictions.

“2017 was a transformational year for the Company,” said Greg McCunn, Chief Executive Officer. “On the corporate level we rebranded the company, changed the management team and strengthened the balance sheet with a C$50 million bought deal financing. Operationally, the San Francisco mine required a significant investment in waste stripping resulting in lower production than 2016 and higher cost, particularly in Q4 2017. However, the main San Francisco pit is now open on multiple mining faces and we are expecting between 90,000 and 100,000 gold ounces at AISC between $1,000 and $1,100/oz for 2018 with planned capital expenditures declining substantially to between $2.5 and $3.0 million.

Added Mr. Steinmann: “With a strong financial position, expansions completed at our largest mines, and operations generating strong cash flow, the Board of Directors today declared a 40% increase in the dividend.”

“Our geology teams achieved another year of successful reserve replacement and resource additions, as exemplified by the newly discovered mineral reserves at our Morococha and Huaron mines in 2017,” said Christopher Emerson, Pan American’s Vice President Business Development and Geology. “We added about 33 million ounces of new silver mineral reserves in 2017, more than replacing ounces depleted through mining. The silver grade of the mineral reserves increased by 13% to 94 grams per tonne, in part reflecting the additions of the new high-grade properties in Argentina.”

Our new name reflects the significant development of our assets, and our new focus as a mining issuer.

“Together, our five mines delivered very solid operating results in 2017,” stated Hannes Portmann, President and Chief Executive Officer. “With production at the high end of guidance and costs below guidance, New Gold generated the highest annual cash flow in our Company’s history.”

The proceeds of the private placement will be added to working capital. The sole subscriber to the private placement is Salvador Garcia, a director of the Company and Starcore’s Chief Operating Officer.

La compañía minera Alamos Gold, con sede en Toronto, Canadá, adquirió el proyecto minero La Esperanza como parte de la compra de Esperanza Resources, por casi 33.5 millones de dólares en efectivo y alrededor de seis millones de dólares en garantías, para explotar una veta que, de acuerdo con sus cálculos, proyecta la producción de 100 mil onzas de oro al año, a un costo de 499 dólares por onza, uno de los más bajos en el mercado internacional, expone el reporte de Alamos Gold Inc.