Category: Investor’s Corner

“We continued to generate strong earnings in Q3 2017. In addition to fully funding our operations and growth capital projects, we repaid all of our bank debt and ended Q3 2017 with $186.3 millionof cash and short-term investments,” said Michael Steinmann, President and Chief Executive Officer of the Company. “We see potential for robust cash flow generation with the ongoing ramp-up in production from our mine expansions in Mexico.”

San Marco Resources Inc. announces the appointment of Christian T. Grijalva as Manager of Projects. Mr. Grijalva will be responsible for managing the Company’s Mexican exploration, including drill target definition at the newly discovered porphyry system at Project 1068, detailed exploration and drill target definition at Chunibas, as well as new property acquisitions.

Golden Minerals Company today provided a business summary and financial results for the third quarter ended September 30, 2017.

“This award is a reflection of our talented and engaged employees whose commitment, enthusiasm and ability is critical to our ongoing success,” said Don Lindsay, President and CEO, Teck. “Teck is focused on building a culture of safety and employee engagement while supporting diversity, innovation and leadership development across our workforce.”

“The third quarter continued Hecla’s strong operating performance, which coupled with higher zinc and lead prices, resulted in silver cash costs, after by-product credits, of negative $0.63 per ounce, the lowest in 7 years and allows us to lower our cost guidance,” said Phillips S. Baker Jr., President and CEO. “Both Casa Berardi and Greens Creek set records for throughput and San Sebastian had its strongest silver production of the year. The operating performance combined with lower capital expenditure allows Hecla to continue to generate positive cash flow and strengthen our balce sheet.”

Discovery Metals Corp. is saddened to announce the sudden passing of Peter Drobeck, its Vice President of Exploration, at home in Colorado. Mr. Drobeck had a long and illustrious career working for such companies as Silver Standard Resources Inc., AuRico Gold Inc., Electrum USA Ltd., and Newcrest Resources Inc., before joining Discovery earlier this year.

Advance Gold Corp. announces that, subject to the approval of the TSX Venture Exchange, it proposes to undertake a non-brokered private placement of units at a price of 8 cents per Unit for gross proceeds of up to $200,000. Each Unit shall be comprised of one common share in the capital of the Company and one common share purchase warrant.

Daniel Novegil dejará el cargo tras 12 años al frente de Ternium

“During the third quarter we faced some challenges with our operations that resulted in disappointing performance. Production was approximately 17,500 gold equivalent ounces in the month of October. This improved production level puts us on track for a stronger fourth quarter” said Rob McEwen, Chairman and Chief Owner.

Ternium S.A. announced today that its Board of Directors has appointed Máximo Vedoya, Ternium Mexico’s Executive Vice President, to succeed Daniel Novegil as Ternium’s Chief Executive Officer, effective March 1, 2018. After 12 years as CEO and 40 years in the steel industry, Mr. Novegil will retire. Following his retirement, he will remain on Ternium’s Board of Directors, assuming the role of Vice Chairman.