Category: Investor’s Corner

Paul Benson, President and CEO said, “With gold representing approximately 70% of our revenue, the current name does not accurately reflect our business. We have evolved from a silver-focused producer to an intermediate precious metals producer with three mines in the Americas. The proposed name, which includes the initials of our existing name, is a natural evolution in our more than 70-year history. While we are recommending a change to our name, our relentless focus on creating shareholder value remains.”

Bradford Cooke, CEO of Endeavour Silver, commented, “We look forward to developing El Compas into our fourth mine. The mine should generate robust economic returns at current metal prices because the two known mineralized zones (El Compas and El Orito) are relatively shallow and high grade. The operation is very scalable if we discover or purchase additional mineral resources in the Zacatecas district and refurbish the second ball mill to double the plant capacity to 500 tonnes per day (tpd). With the low capital investment of US$10 million funded by existing cash, and the short timeline of only six months to initial production once we receive the explosives permit and tax clarity, the El Compas mine has the near-term potential to become a healthy contributor to our consolidated cash flow.”

Primero Mining Corp. announces that it has agreed in principle with its lenders to an extension of its $75 million revolving credit facility previously maturing in May 2017. Upon completion of an amending agreement, the maturity of the RCF will be extended by six months to November 2017, providing the Company with greater flexibility to replace the RCF with a longer-dated term loan.

“We are excited to see the results of our efforts over these past months coming to fruition with an anticipated production increase in fiscal 2017,” stated Arturo Préstamo, Santacruz’s President and CEO. “This expected increase in production will be the result of significant development work completed at the Veta Grande and Rosario projects in the fourth quarter of 2016, which has set the stage for more robust 2017 operations. Although our focus on these development activities had the effect of reducing our fourth quarter 2016 production total, I am pleased to advise that the Company is now well positioned to steadily advance our production levels throughout the year.”

Lithium Australia have increased their interest in the Electra Lithium clays joint venture in Mexico ahead of a 3,000m drilling program scheduled to begin next week.

Alta Vista Ventures Ltd. is pleased to report that it has completed the final cash payment to High Eye Aerial Imaging, finalizing the acquisition of its 100% interest in the company. The cash payment of $100,000 paid off a Promissory Note that was part of the purchase arrangement for High Eye Aerial Imaging. Alta Vista is the owner of both Pioneer Aerial Surveys and High Eye Aerial Imaging. Management is also actively pursuing additional acquisitions in the UAV sector that will complement Alta Vista’s growing portfolio of well positioned and undervalued UAV technology leaders.

“We laid the foundations in 2016 for a significant transition in Excellon’s fortunes over the course of 2017,” stated Brendan Cahill, President and Chief Executive Officer. “We materially advanced and are now near completion of our optimization plan at Platosa, which has already proven effective and promises to improve mine production and costs during the latter half of 2017, with dry mining conditions at Platosa expected to be achieved finally during Q2 2017. We expect to have an update on drawdown rates in the near term as more data are collected. Production during 2016, though certainly below mine potential, only minimally depleted Platosa mineral resources, leaving more high-grade resources to mine at higher-rates and lower costs under dry mining conditions in the coming years. Additionally, our resumption of exploration at Platosa has delivered high-grade and near-term accessible mineralization…”

Starcore International Mines Ltd. announces that it has closed the sale of its San Pedrito Property, a non-core asset located in Queretaro, Mexico for C$13.50 million* (MXN$ 192,784,331).

Pan American Silver Corp. today filed on SEDAR an updated technical report with respect to its Dolores property in Chihuahua State, Mexico. The Dolores Report has been prepared to provide current information about the Dolores property, which has resulted from: mineral resource and reserve delineation drilling; updated mineral resource and mineral reserve estimates; and an expansion of the Dolores mine currently underway to include a pulp agglomeration treatment option of the ore and an underground mine to extract ore from beneath the planned pit limits.

Argonaut Gold Inc. is pleased to announce that the syndicate of underwriters led by BMO Capital Markets have partially exercised their over-allotment option to acquire an additional 2,050,000 common shares of the Company at a price of C$2.40 per Common Share for additional gross proceeds of C$4,920,000.