Category: Investor’s Corner

Michael Harvey, director regional de asuntos corporativos y seguridad de la empresa, destacó el papel clave que juega esta mina, ya que aún le quedan 13 años de vida útil.

MX Gold Corp. is pleased to announce that the Company has entered into a letter of intent to acquire all of the shares of Symple Internet Financial Ltd., an arm’s length private British Columbia cryptocurrency/blockchain mining company based in Manitoba. The proposed acquisition is the Company’s first foray outside the mineral exploration space and is intended to be a pilot project to determine whether further investment in the growing cryptocurrency industry is warranted. The Company has had preliminary discussions about the proposed transaction with the TSX Venture Exchange and anticipates that it will proceed as a Reviewable Transaction but not a Change of Business in accordance with Exchange policies.

Coeur Mining, Inc. today announced third quarter production of 9.5 million silver equivalent ounces, comprised of 4.0 million silver ounces and 93,293 gold ounces. Third quarter silver equivalent production increased 7% quarter-over-quarter and 10% year-over-year. Higher quarter-over-quarter silver equivalent production was driven by a 13% increase in gold production while higher year-over-year silver equivalent production was due to a 10% increase in gold production and an 11% increase in silver production. Metal sales of 3.8 million ounces of silver and 89,972 ounces of gold, or 9.2 million silver equivalent ounces, were in-line with third quarter production.

“Operationally we delivered a strong third quarter with record production and significant milestones achieved at both our key operations. This included the completion of the MCM waste pass at Young- Davidson, contributing to higher underground mining rates in September, and initial production from our La Yaqui mine in the Mulatos district. We expect both will be key drivers of strong free cash flow growth in the fourth quarter and we remain well positioned to achieve full year guidance,” said John A. McCluskey, President and Chief Executive Officer.

“Cozamin once again outperformed in the third quarter, partially offsetting lower production at Pinto Valley and Minto,” said Darren Pylot, President and CEO of Capstone. “As we enter the fourth quarter, all operations are on track and we expect to achieve the low end of our guided production range for the year.”

Sierra Metals Inc. is pleased to announce that it has entered into an Open Market Sale Agreement with Jefferies LLC, H.C. Wainwright & Co., LLC, Scotia Capital (USA) Inc. and Noble Capital Markets, Inc., pursuant to which the Company may, at its discretion and from time to time during the term of the Sales Agreement, sell, through the Agents, acting as agent and/or principal, such number of common shares of the Company as would result in aggregate gross proceeds to the Company of up to US$55 million. Sales of Common Shares through the Agents, acting as agent, will be made through “at the market” issuances on the NYSE American at the market price prevailing at the time of each sale, and, as a result, sale prices may vary. No Common Shares will be offered or sold in Canada.

David Coburn, Gainey’s CEO, stated, “We are very excited to have Brian Metzenheim as our VP Exploration and now leading our exploration strategy and exploration team at Gainey. Brian has had a tremendous amount of success in Mexico with geological systems similar to what we are targeting at our El Colomo project.”

According to the 28th edition of the Corporate Exploration Strategies (CES) by S&P Global Market Intelligence, this reversal of the near five-year downturn is being led by a robust gold sector, whose activity began picking up in mid-2016. Gold budgets for 2017 exploration are up 22% year over year. Zinc-focused producers and junior explorers have also boosted the zinc budget by 29% year over year to US$489 million, based on improved zinc prices since early 2016, according to the CES report.

Good news for Goldcorp Inc. investors. After a brief period of disruptions to operations at Peñasquito, caused by an entrances blockade, the Canadian miner can start the mining activities at its Mexican gold mine again.

Advance Gold Corp. is pleased to announce the appointment of Emily Hanson P.Geo to the position of Vice President — Exploration, as well as a director of the Company. In addition, the Company is appointing Duke Greenstein as an independent director. Further, the Company announces that Christopher Wild and Osvaldo Iadarola have tendered their resignations as directors of the Company. The Board would like to thank Christopher and Osvaldo for their past contributions to the Company and wish them all the best.