Category: Investor’s Corner

“In the third quarter the Company dealt with production equipment challenges at both the Rosario Project and Veta Grande Project compounded by lower than expected head grades,” stated Arturo Préstamo, President and Chief Executive Officer of Santacruz. “Importantly, at Veta Grande we successfully reached Level 6 where we are currently developing in situ mineralized material contained in pillars located in the Veta Grande vein. Preliminary assay results from chip samples collected across of this material are indicating higher grades.” Prestamo continued, “At Rosario we reached Level 2 of the Membrillo Prospect where we again are seeing higher grades from preliminary assay results from chip samples collected across the main Membrillo vein. We remain focused on developing these key projects with anticipated improvement.”

MAG intends to use the net proceeds of the Offering to fund exploration and development of the Juanicipio Project and for working capital and general corporate purposes.

Dan O’Flaherty, President and CEO of Maverix commented, “The third quarter of 2017 saw record revenue and cash flow for the Company as many of our core assets continue to outperform. We expect a strong finish to the year as a number of our operating partners continue to ramp up their assets to full production capacity including the Moose River Consolidated mine which started commissioning in October.” Mr. O’Flaherty continued, “With the loan facility and equity financings completed we are well positioned to seek additional accretive acquisitions that will increase the per share value of the Company.”

ALIX RESOURCES CORP. announces that further to the Company’s news release disseminated earlier today, November 27, 2017, that it is increasing the additional non-brokered private placement from up to 3,000,000 units at $0.15 per unit, to up to 5,000,000 units at $0.15 per unit for amended gross proceeds of up to $750,000.

Gold Resource Corporation declares its monthly instituted dividend of 1/6 of a cent per common share for November 2017 payable on December 26, 2017 to shareholders of record as of December 11, 2017. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA.

Canuc Resources Corporation announces that it has closed a non-brokered private placement financing with gross proceeds of $464,934, resulting in the issue of 1,162,335 units at a price of $0.40 per Unit.

The Cerro del Gallo deposit sits within the San Antón property, which covers an area of 25,269 hectares and consists of 12 granted, contiguous mining concessions all now owned by Argonaut through its subsidiary. The concessions include areas of historical mines formerly worked for high grade vein-hosted gold and silver.

Primero Mining Corp. today announced that the Company has closed the previously disclosed sale of the Cerro del Gallo development project, via the sale of all of the issued and outstanding shares of San Anton Resource Corporation, the indirect owner of the Project to Argonaut Gold Inc. Primero has received total consideration of $15 million. The proceeds net of closing costs will be used to permanently reduce the outstanding balance on the Company’s revolving credit facility.

Santacruz Silver Mining Ltd. announces the appointment of Mr. Carlos Alberto Silva Ramos to the position of Chief Operating Officer of the Company effective November 27, 2017. Mr. Silva will report directly to the President and CEO of the Company, Mr. Arturo Préstamo.

MX Gold Corp. is pleased to announce the Magistral Joint Venture’s appointment of Kevin Weston as Director of Operations of the Magistral Del Oro Project in Mexico. The Magistral Project is operated by MX Gold and its joint venture partner, GracePoint Mining Corp. Under the terms of Mr. Weston’s engagement, and subject to approval by the TSX Venture Exchange, MX Gold has undertaken to issue 350,000 common shares of MX Gold to Mr. Weston, as security for payment of Mr. Weston’s salary from the JV.