New Gold Inc. today announces the voting results from the election of its Board of Directors at New Gold’s Annual and Special Meeting of Shareholders held on April 26, 2017 in Toronto, Ontario. The director nominees listed in the Management Information Circular dated March 13, 2017 were elected as directors of New Gold at the Meeting. Detailed results of the vote are set out below.
Cameron King, President & CEO of Vangold Resources Ltd, commented; This is a significant milestone for the Company. The Technical Report offers detailed history, collection and sampling of the underground stock mineral pile. The Company is also in the initial days of a three-month Exploration Program for 3D modelling and drill site selection. The Company will announce progress reports throughout the term of the Exploration Program
The Consideration payable to Nyrstar consists of USD 0.8 million that was paid to Nyrstar upon signing the Agreement, USD 2.7 million payable in cash by the closing of the Transaction, and USD 16.5 million payable in cash on or before the 12 month anniversary of the closing of the Transaction. Closing of the Transaction is subject to customary closing conditions and is expected to occur by Q3 2017.
“Operationally, 2017 has started strongly with solid performance on both the production and cost fronts. Higher gold production at lower costs has resulted in stronger cash flow generation and has allowed us to increase our production guidance for the year”, said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “In the first quarter we also made very good progress at several of our growth projects with Meliadine progressing as expected, the Canadian Malartic extension receiving government approval and the Goldex Deep project ahead of schedule and under budget”, added Mr. Boyd.
Capstone Mining Corp. today announced the voting results from its 2017 Annual General and Special Meeting held April 26, 2017 in Vancouver, British Columbia.
The Company also announced that Peter Dey has retired from the Board of Directors. “On behalf of the Board of Directors and everyone at Goldcorp I want to sincerely thank Peter for his service to the company, and wish him well on his retirement,” said Ian Telfer, Chairman of Goldcorp.
Geologix Explorations Inc. is pleased to announce that it has finalized the terms of its previously announced private placement financing, led by Eight Capital on behalf of a syndicate of agents, including PI Financial Corp. and Red Cloud Klondike Strike Inc. The Agents have agreed to offer for sale units of the Company, on a “best efforts” private placement basis, subject to all required regulatory approvals, at a price per Unit of $0.065, for total gross proceeds of up to approximately $3,000,000.
Evrim Resources Corp. announces a 10,700,000 unit private placement at $0.30 to raise gross proceeds of $3.21 million. Each unit will consist of one share and one-half non-transferable share purchase warrant. Each whole Warrant is exercisable into one common share at a price of $0.50 for three years from the date of closing.
“Coeur delivered a solid first quarter with strong earnings and cash flows, affirming the steps we have taken to reposition our portfolio and balance sheet,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer. “Rising production levels at our Palmarejo mine and higher metal sales more than offset the impact of record rainfall at our Rochester mine in Nevada and persistent drought conditions at our San Bartolomé mine in Bolivia. Companywide costs also continued to trend lower with first quarter metrics coming in well below full-year guidance. Combined with considerable interest savings from recent balance sheet improvements, we reported significantly higher earnings and cash flows compared to the same period last year.”
“Strong first quarter results were driven by solid production and low all-in sustaining costs, with our $250 million annual sustainable efficiency program well advanced and already benefitting the bottom line,” said David Garofalo, President and Chief Executive Officer. “To deliver on the 20/20/20 growth plan we are maintaining a laser focus on execution, while simultaneously optimizing our asset portfolio and driving down costs. In addition, we continue to enhance the strongest growth pipeline in the gold industry with the planned 60 million ounce joint venture in the Maricunga District in Chile, financed by the sale of non-core assets. This transaction underlies our strategy of growing net asset value per share by delivering three to four million ounces of sustainable, annual gold production from six to eight core camps.”
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