Category: Investor’s Corner

Inversionistas de China, de la región de He-Nan, celebraron que Guerrero tiene potencial minero, y que esperan hacer más visitas para conocer la Costa Grande; sin embargo, dijeron desconocer los conflictos sociales que hay en la zona, debido a que el gobierno estatal no les ha informado.

Banks including Goldman Sachs Group Inc., UBS Group AG and Bank of America Corp. are already forecasting a surge in demand for battery metals like nickel as sales of electric cars ramp up over the next decade. Usage could jump even higher if trucking firms start switching diesel fleets for battery-powered ones. “This is a game changer,” said Anthony Milewski, chairman and chief executive officer of Cobalt 27 Capital Corp., an investment vehicle providing price exposure to a stockpile of cobalt, which has spiked in the past year in response to booming projections for usage in electric vehicles. “People have known electric trucks are coming, but I don’t think it’s been priced into the forecasts the banks are putting out.”

MAG Silver Corp. is pleased to announce that the Company is increasing its previously announced non-brokered private placement, from total gross proceeds of up to US$44,000,000 to total gross proceeds of US$48,158,241. The Offering will now consist of 4,599,641 common shares at a price of US$10.47 per Common Share.

“We appreciate this continuing strong support by Palisade Global Investments, Mexican Gold’s largest shareholders,” commented Brian Robertson, President and Chief Executive Officer, Mexican Gold Corp. “This an exciting time for our Company as we continue our drill program focused on resource expansion of the high – grade zones recently intersected by drilling at the property.”

The Arrangement involves, among other things, the distribution of common shares of Sailfish Royalty Corp., currently a wholly owned subsidiary of the Company, to the Shareholders on the basis of one Sailfish Royalty Corp. share for every five common shares of the Company.

Consolidated Zinc Limited has unveiled its new strategy to target larger scale production from its 51% owned Plomosas Zinc mine in Chihuahua, Mexico. The Company plans to move into production during 2019 targeting a 250,000tpa production rate with a mine life of 7-10 years. This is a substantial increase over the 100,000tpa contemplated in the recent scoping study. This has occurred due to recent positive exploration results and recent expansions to the project’s Mineral Resource as well as positive findings in the recently completed Scoping Study. In order to achieve the larger production rates the Company plans to conduct an aggressive extensional and infill drill program to convert more material into the Indicated category (from Inferred) and complete further metallurgical testwork to maximise recoveries. In parallel, the Company plans to do some regional exploration including first pass drilling on outcropping targets where rockchip samples have returned results >20% Zn+Pb.

Azure Minerals Limited is pleased to advise that it has appointed Mr Glenn Jardine as Chief Operating Officer for the Company. Mr Jardine will lead the development of the Company’s flagship Oposura zinc-lead-silver project, located in the northern Mexican state of Sonora.

Net proceeds of the Private Placement will be used to fund the exploration and development of the Company’s La Cigarra project in Chihuahua State, Mexico, possible new acquisitions and for general working capital purposes.

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. The Offering is expected to close on or before November 28, 2017, subject to receipt of all necessary regulatory approvals, including approval of the Toronto Stock Exchange.

China’s top copper smelters held an unscheduled meeting in Shanghai on Tuesday to reaffirm their position that there will be no shortage of copper concentrate supply in 2018 as the key contract renegotiation season hots up. The 10 companies on the China Smelters Purchase Team met to conduct a “comprehensive and systematic analysis” of supply and demand dynamics after their return from the recent London Metal Exchange gathering, an official within the group told Reuters.