Category: Investor’s Corner

Excellon Resources Inc. is pleased to announce that it has entered into an agreement with Cantor Fitzgerald Canada Corporation as sole bookrunner and together with PI Financial Corp. as co-lead underwriter, on its own behalf and on behalf of a syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 5,000,000 units of the Company at a price of $2.00 per Unit for gross proceeds to the Company of approximately $10 million. Each Unit will consist of one common share in the capital of the Company and one-half of one common share purchase warrant. Each Warrant shall entitle the holder to acquire an additional Common Share at a price of $2.80 at any time on or before December 31, 2018.

“As we continue to advance the high grade, high margin Ana Paula project, the buy back of the 1% NSR is immediately accretive to the project and will deliver significant value to our shareholders over the long term,” said Greg McCunn, Chief Executive Officer. “We are advancing the Definitive Feasibility Study for the Project towards completion in Q2 2018 when we expect to make an investment decision to start construction. In parallel, we have initiated an exciting US$18 million exploration program at Ana Paula to investigate the extension of high-grade mineralization below the proposed open pit. Positive exploration results are expected to enhance already robust project economics, and it therefore made sense for us to exercise our buy-back right on the 1% NSR now. We would like to thank Goldcorp for their continued support of the Company through the exercise of the warrants.”

GOLDCORP INC. today announced the completion of the previously announced sale of its 21% minority interest in the San Nicolas copper-zinc project, located in Zacatecas, Mexico to Teck Resources Limited for cash consideration of $50 million. The closing follows receipt of Mexican anti-trust approval and the satisfaction of closing conditions customary in a transaction of this nature.

VVC Exploration Corp is a resource company currently working to bring its flagship Samalayuca copper property in Chihuahua, Mexico to production. The NI 43-101 for the property was completed by Dr. Michel Boliy in 2013 represents an Inferred Mineral resource of 4.1 million tons of copper ore grading 0.47% copper and 5.8 g/t silver. This resource estimate was based on fresh rock samples from existing pits and from core drilling done by Phelps Dodge on the property and covers less than 10% of the mineralized zone.

CEO Dan Omeniuk comments, “We are excited at the prospect of working with Albert Buu in connection with the acquisition of Symple. We are currently negotiating the definitive agreement and finalizing due diligence on the proposed transaction. Personally, I am also looking forward to working with Albert Buu in Manitoba, a place where I’ve done business for nearly 40 years. I truly believe that the sector can provide our shareholders with a unique angle to differentiate ourselves from other mining companies.”

Oceanus Resources Corporation is pleased to announce the appointment of Ms. Tania Shaw to the position of Vice President, Investor Relations.

Mr. Thorsen has almost five decades experience in the mining industry, including 20 years with Teck Resources Ltd. At the time of his retirement from Teck in 2000, Mr. Thorsen, as President of Teck Exploration Ltd., was in charge of exploration and administration in 17 countries.

Frank Giustra, a well regarded Canadian mining magnate who created one of the world’s most successful mining companies is now moving his operation digitally to mine Cryptocurrency.

Gold Resource Corporation reports preliminary production results for the third quarter ended September 30, 2017 of approximately 6,465 ounces of gold, 392,153 ounces of silver and significant base metals. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $110 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Igor Gonzales, President and CEO of Sierra Metals commented “The Company continues to see solid metal production and tonnage processed at our flagship Yauricocha Mine, reporting a 3% increase in silver equivalent production, and a 13% increase in throughput during Q3 versus Q3 2016. We continue to work to increase tonnage at Bolivar through the commissioning of newly acquired equipment, which has arrived and been commissioned, and expect the remaining 3 underground loaders to arrive and be commissioned in Q4 2017. We continued to define higher grade ore sources through further development which are expected to come into the mine plan next year.”