Category: Investor’s Corner

“All three of our mines produced according to plan in the second quarter,” said Darren Pylot, President and CEO of Capstone. ” Pinto Valley set new quarterly, monthly and daily throughput records after returning to full operations from the heavy rain and maintenance activities early in the year.”

“During the quarter, silver production was impacted by unusual efforts by unionized workers to illegally disrupt mining activities which caused minor stoppages at La Parrilla, Santa Elena and a more serious stoppage at our La Encantada operation,” said Keith Neumeyer, President & CEO. “Pointing to a specific cause is difficult – whether due to higher gasoline prices or higher taxes in Mexico – but worker dissatisfaction among union employees throughout the Mexican mining industry is at the highest levels witnessed in the Company’s fifteen year history.”

The net proceeds of the Private Placement will be used by Silver Bull for general working capital purposes and exploration of the Sierra Mojada Project. The Company paid an aggregate cash commission on the initial tranche of CDN$100,744, in addition to issuing an aggregate of 1,259,300 non-transferable common share purchase warrants. Each Finders’ Warrant entitles the holder thereof to acquire one Common Share for CDN$0.10 until the second anniversary of the closing of the initial tranche of the Private Placement.

Igor Gonzales, President and Chief Executive Officer of the Company, stated “the listing of our common shares on the NYSE MKT represents an important corporate milestone for Sierra Metals and another step in our plan to enhance shareholder value by increasing stock liquidity and exposure to institutional investors”.

“The San Francisco mine had another strong quarter, exceeding the upper end of our production guidance range of 20,000 to 22,000 ounces for Q2 with 22,011 ounces produced and 21,495 ounces sold,” said Greg McCunn, Chief Executive Officer. “Our balance sheet remained strong throughout the quarter with approximately $35 million in cash on hand as at June 30, 2017, as we continued to invest the majority of the cash flow from operations into advancing our high-grade, low cost Ana Paula Project in Guerrero, Mexico. With the recently announced CAD$50 million equity financing expected to close on or about July 20, 2017, our balance sheet will be further strengthened, allowing us to continue to advance the development at Ana Paula, including completion of a definitive feasibility study, change of land use permitting, surface exploration drilling and development of an underground decline for exploration below the proposed open pit.”

Leagold Mining Corporation is pleased to announce the appointment of Rt Hon. the Lord Garel-Jones as an independent non-executive director effective today.

“Our commitments to sustainability excellence, responsible mining and creating sustainable value for our stakeholders are fundamental operating principles imbedded in everything we do, beginning when the first exploration teams take the time and care to consult with communities and establish a spirit of openness, transparency and trust” said Brent Bergeron, Executive Vice President, Corporate Affairs and Sustainability at Goldcorp.

“On behalf of Discovery Metals, I am pleased to welcome Jose Vizquerra to the Board, where we will benefit from his business, exploration and country specific experience,” stated Murray John, Chairman of the Board. “The Board is also delighted that we will benefit from the advice of Arturo, Cal, Craig, Moira and Sean. Mr. Bonillas is widely recognized in Mexican mining circles as an entrepreneur, operator and business leader. The appointments of Mr. Everett, Mr. Roberts, Dr. Smith, and Mr. Tetzlaff recognize the key roles that they have played in the creation of Discovery Metals and their expertise in exploration, project evaluation, financing and capital markets. Along with Company founder and continuing Board director Mark O’Dea, the new appointees will help move the Company forward, as we build a successful exploration and development team capable of rapidly evaluating our exciting property portfolio and looking at other mining opportunities in Mexico.”

Compañía Minera Autlán, S.A.B. de C.V. announces that on June 30, 2017, it completed the sale of an aggregate of 16,370,215 common shares of GFM Resources Limited to its affiliate Metallorum Holding, S.A.P.I. de C.V. The number of shares represents ownership of 85.77% of the issued and outstanding common shares of GFMR. The sale comprises all of the GFMR shares owned by Autlan.

Hecla Mining Company today announced that it has decided not to proceed with its previously announced offer of $500 million of Senior Notes due 2025, as current terms and conditions were not sufficiently attractive for the Company to move forward. In addition, the concurrent tender offer to purchase any and all of its 6.875% Senior Notes due 2021 has also been terminated.