Category: Investor’s Corner

Completion of the Transaction as contemplated would constitute a change of business in accordance with TSX Venture Exchange Policy 5.2., Changes of Business and Reverse Take-overs, as the Company’s current business is exploration for minerals. The proposed Transaction would see the Company engage in the ownership and management of multi-unit residential real estate. As a result, the Transaction is subject to Exchange acceptance and will also require the approval of the shareholders of NSX Silver.

“During the second quarter, we realized on our plan to resume high-grade and cash flowing production from Platosa,” stated Brendan Cahill, President and Chief Executive Officer. “We certainly faced challenges over the first half of 2017, with access to ore limited by water inflows, but our team executed and, by the end of the second quarter, we had achieved dry mining conditions and were mining fresh, high-grade manto mineralization. Looking forward, our goal is to steadily increase production over the remainder of 2017 to 300 tpd by year-end. We have also began driving further reductions in key cost centres, most importantly electricity usage, where incremental savings can result in material additional cash flow. We remain focused on our target of doubling production and halving costs at Platosa over the coming quarters and we are already pleased with the improvements in cash flow we see at 200+ tpd.”

“Operational performance in the second quarter was on plan, with costs trending down from the first quarter,” said Darren Pylot, President and CEO of Capstone. “Most importantly, Pinto Valley returned to full production, setting quarterly and monthly throughput records.”

“For the second half of the year, approximately half of our production is unhedged and completely unhedged in 2018 and beyond,” continued Mr. Pylot.

Santacruz Silver Mining Ltd. reports that further to its news release dated June 28, 2017, it has closed, for gross proceeds of $935,000, the first tranche of the previously announced non-brokered private placement for gross proceeds of up to $1,500,000.

“I’m pleased with our results,” said Don Lindsay, President and CEO. “We generated adjusted EBITDA of $1.3 billion in the second quarter and $5.4 billion over the last twelve months. After a challenging first quarter we set second quarter steelmaking coal sales and production records of 6.9 and 6.8 million tonnes, respectively, and we reduced our outstanding notes to US$4.8 billion, achieving our target of less than US$5 billion.”

La cuarta productora de oro más grande del mundo registró ganancias netas por 135 millones de dólares en comparación con la pérdida que obtuvo de 78 millones en el mismo periodo del año anterior, ocasionado por el cierre temporal de su mina en México.

New Gold Inc. today announces new appointments to its senior management team as the company looks forward to the Rainy River project’s scheduled transition from construction into operation beginning in September. New Gold is also pleased to announce the addition of a new director to its Board.

“We accomplished or advanced several strategic priorities during the quarter that are critical to achieving our full-year and longer-term objectives,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer. “Our stepped-up exploration programs targeting higher-grade mineralization at Palmarejo and Kensington are yielding positive results, we significantly strengthened our balance sheet, the development of Jualin remains on-track to commence production later in the year, and we have now begun to stack ore on the new Stage IV leach pad at Rochester.

“With the disposal of non-core assets and the acquisition of the Maricunga district joint venture with Barrick during the first half of 2017, the Company has seen a net increase in its gold reserves from 42 million to 50 million ounces,” said Paul Harbidge, Senior Vice President, Exploration. “With an enviable portfolio of brownfield exploration opportunities within our key mining districts and good progress on our exploration programs, we are maintaining our five year 20% gold reserve growth target, which would now see gold reserves increase to 60 million ounces by 2021, up from the previous target of 50 million ounces.”

Defiance Silver Corp. is pleased to announce the appointment of Mr. Roy Bonnell to the position of President and CEO. Mr. Bonnell has over 20 years of experience in venture capital investment, finance and mergers & acquisitions. Mr. Bonnell provides Defiance with the financing and management abilities necessary to rapidly advance and grow the San Acacio Silver deposit in Mexico.