Category: Investor’s Corner

“The increase in resource will underpin our plans to fast-track initial production for short-term cash flow,” Consolidated Zinc Managing Director Will Dix said. “Combined with the outstanding metallurgical results from Tres Amigos, these results suggest there may be sufficient tonnage to support initial mining at Plomosas – and will form the basis of the Scoping Study.”

Una oleada de nacionalismo económico tiene a gobiernos y sindicatos locales presionando y desafiando el dominio sobre los recursos naturales que mantienen las grandes mineras occidentales. “Estamos viendo el surgimiento de gobiernos más nacionalistas en todas partes”, dijo Paul Mitchell, socio de la práctica de minería y metales de Ernst & Young. “Ese deseo de mantener los activos de una nación y trabajarlos, creo que solo va a subir a medida que se den cuenta que se están haciendo escasos”. BHP, Freeport y Barrick ya sienten la presión en algunos de sus proyectos.

Rising nationalism leads countries to seize more of the bounty.

El sector minero de México ha sido golpeado por la imposición de nuevos derechos, así como la falta de certeza jurídica y la inseguridad patrimonial, tan sólo en 2016 se postergaron 169 proyectos y para el primer semestre de 2017 el número de cancelados llegó a 174.

Net proceeds from this private placement are intended to be used to contribute to the Company’s proportionate share (40%) of the costs associated with continuing exploration on the Cerro Las Minitas property near Durango, Mexico together with the Joint Venture partner of the Company, Electrum Global Holdings L.P. (60%), for advancement of the 100% owned Oro Project, New Mexico, and for additional working capital. Further exploration work on the Cerro Las Minitas property in 2017 and 2018 is to be funded by the two Joint Venture partners and is expected to consist of RC, RAB and core diamond drilling…

Goldgroup Mining Inc. announces it has amended the terms of its outstanding loan facility from Credipresto SAPI de CV SOFOM ENR, subject to TSX approval. Javier Reyes, a director of Goldgroup, is an executive officer and director of Credipresto.

VVC Exploration Corporation announces that its Annual General Meeting of Shareholders took place on August 25, 2017 and that the shareholders approved the election of all Directors proposed by Management. With the exception of Scott Hill, those elected were the existing Directors of the Company. In addition, shareholders approved all other matters presented at the AGM, including the re-appointment of MNP LLP as auditors of the Company. The aggregate votes cast at the AGM represented 40,881,101 shares or 22.5% of all issued and outstanding shares.

Akiba Leisman, Executive Chairman and Interim CEO states that, “it is impressive what Marlin accomplished in Q2. The Company was able to complete a 12-million-tonne layback to regain access to the high grade mineralization at La Trinidad, enter into a definitive agreement to acquire a royalty on a multi-million ounce advanced stage gold project operated by a large cap gold producer, and make what looks to be a material discovery at the Commonwealth Project, all without raising any additional equity. Furthermore, the acquisition of the Gavilanes project, the spin-out of Sailfish and the continuous mining of high grade mineralization at La Trinidad will make the second half of 2017 even more exciting for shareholders.”

“Our Q2 results reflect production equipment availability challenges that resulted from working capital constraints,” said Arturo Préstamo, President and CEO. “With the recent sale of the Gavilanes Project, we have remedied this issue and have seen immediate improvement in production in terms of both tonnes of production and grade that are in line with management’s expectations at the Rosario Project. At the Veta Grande Project we are now accessing mineralized material from Level 6 of the Garcia mine and again are seeing an improvement in grade that is in line with management’s expectations.”

Westminster Resources Ltd. is pleased to announce the appointment of Jason Cubitt as director. Mr. Cubitt has 25 years of experience working with resource companies in various capacities as founder, finance agent and institutional investor, including director of investments for Vertus Investment Advisory and Ascenta Asset Management, offshore investment advisory firms for which he was responsible for precious metals and special situations mining and energy funds.