Category: Investor’s Corner

Jorge A. Ganoza, President and CEO, commented: “We leave behind a year of important achievements with the successful expansion of our San Jose Mine to 3,000 tpd and the acquisition of the Lindero gold Project in Salta, Argentina. Lindero adds 1.5 million ounces of gold reserves to our existing inventory and positions Fortuna for its next leg of growth.” Mr. Ganoza continued, “In 2017, our expansion plans are going to be underpinned by our solid low-cost production base providing financial flexibility to execute engineering and development plans for Lindero and continue exploring for new compelling precious metal opportunities in the Americas and abroad.”

Cyprium Mining Corporation announces the appointment of Mr. Patrick Tributsch as director. Mr. Tributsch is currently Executive Director for UBS Switzerland. He has studied economics and corporate finance whilst specializing in the banking industry. Mr. Tributsch started his career in the banking industry in 1993. The board of directors now consists of Mr. Alain Lambert, Adrian Morger and Patrick Tributsch. Trading in the Company’s common shares on the TSX Venture Exchange had been recently halted, given the fact that the Company only had two directors.

MX Gold Corp. is pleased to announce today it has closed a private placement of 20,800,000 units at a price of $0.125 per Unit for proceeds of $2,600,000. Each Unit consists of one common share in the capital of the Company and one non-transferable common share purchase warrant, with each Warrant entitling the holder to purchase one Share at a price of $0.20 per Warrant Share for a period of three years.

At the San Sebastian mine for 2016, 4.3 million ounces of silver and 34,042 ounces of gold were produced and, for the fourth quarter, 860,071 ounces of silver and 7,042 ounces of gold were produced. The mill operated at an average of 391 tpd in 2016.

Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to announce the appointment of Dr. Craig Ford as Vice-President Corporate Responsibility. In this newly created consulting role, Dr. Ford will be responsible for enhancing the Company’s corporate responsibility policies and initiatives, instilling a culture of excellence, enhancing operational performance and improving relationships with all key stakeholders in the areas of safety, health, security, environment, community relations and development, and human rights.

Bradford Cooke, CEO, commented, “Last year, Endeavour’s silver and gold production were significantly higher than our initial production guidance thanks to the turnaround in precious metal prices which allowed management to revise our production guidance upwards in July. I am pleased to say our operations team responded well and in general met the upward revised production targets in 2016.

Silver One Resources Inc. is pleased to announce it has filed two National Instrument 43-101 technical reports on the La Frazada and Peñasco Quemado silver properties in Mexico.

Commenting on the appointment, the Company’s Non?Executive Chairman, Mr Stephen Copulos, said: “We are excited to have Eduardo join the Company as we move to re?establishing expanded production at the Plomosas zinc mine in Mexico. He has considerable experience as a director and senior executive and brings extensive mining and project construction experience as well as an understanding of the Latin American mining culture to the Company.”

“Alamos had a breakthrough year in 2016. With a record fourth quarter, we produced 392,000 ounces of gold for the year. We also achieved a significant reduction in our operating costs and capital spending which resulted in strong free cash flow growth from our operations. With stronger production and lower costs expected in 2017, this is a trend we expect to continue,” said John A. McCluskey, President and Chief Executive Officer.

Millrock Resources Inc. announces it has entered a strategic alliance agreement with Centerra Gold Inc. Under the Alliance Millrock will execute generative exploration and evaluate prospective properties to develop gold exploration projects. Centerra will provide funding of at least US$250,000 this year.