Category: Investor’s Corner

“We are extremely disappointed with our third quarter operating results from our San Dimas mine in Mexico,” stated Ernest Mast, President and Chief Executive Officer. “We had expected to maintain the production levels achieved in Q2 but were impacted by unexpected labour disruptions and reduced development rates which affected average head grades. More recently during October we experienced intermittent work stoppages that have affected mining rates and increased the development backlog which we had previously expected to resolve. In addition, there was a 10-day outage at the Las Truchas hydroelectric facility due to a weld failure in the water feed pipe, further delaying mine development works. For the fourth quarter, we now expect lower production rates and restricted access to certain high-grade areas as we work to increase mine development….

San Marco’s CEO, Bob Willis stated; “As a result of our stated business plan to aggressively pursue the multitude of target areas generated by the Globetrotters/San Marco partnership, we asked our San Marco warrant holders if they would be willing to exercise their warrants much earlier than their expiry. Results so far are a testament to the quality and belief by our shareholders that significant value will result from this request, while striving to preserve our reasonable share structure.”

“The first three quarters of 2016 have demonstrated the strength of the Sandstorm business model as our ever increasing asset diversification has led to strong revenue and cash flow growth,” said Sandstorm’s President & CEO Nolan Watson. “Our Q3 net income figures have again been bolstered by the strong performance of the Company’s equity and debt investments which we intend to liquidate in due course. With no debt on the balance sheet, we have over $130 million in available capital to pursue acquisitions.”

Paul Benson, President and CEO said, “In the third quarter of 2016 we demonstrated increased scale and healthy margin with our record quarterly production, among other operating records. We produced nearly 113,000 gold equivalent ounces at all-in sustaining costs of $940 per ounce, and have improved guidance at our Marigold and Pirquitas mines. Importantly, we continued to drive our Operational Excellence programs, which delivered tangible results at all operations, including our updated five-year outlook at Marigold, a successful plant trial at Seabee and record production and quarterly throughput at Pirquitas.”

Colibri Resource Corporation is pleased to announce that further to its press releases dated Oct. 25th and Oct. 26th, it has closed on Nov. 3rd, a non-brokered private placement of 2,667,166 units for gross proceeds of $400,074.90. Each unit consists of one common share and one whole non-transferable warrant. Each warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.25 for a period of 24 months from the closing date. The Company has paid a commission of 8% of the proceeds and has issued 205,373 Brokers warrants exercisable at $0.25 for 24 months from closing.

Cyprium Mining Corporation, a Canadian-based mining company with operations located in the state of Chihuahua , Mexico, at the request of IIROC, wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity.

Firma Holdings Corp. is pleased to announce that through its subsidiary GracePoint Mining Corp, it has entered into a binding option agreement with Hawkeye Gold and Diamond INC. to acquire a 50% interest in its Cobriza Groupings Project. The Property is a Gold and Silver project located 125 kilometers Northeast of Mazatlan and 150 km West Northwest of Durango City, Durango Mexico, and is next to the Tayoltita mine of Primero Mining Corp. The Temehuaya claim which forms part of the Cobriza Groupings Project is located approximately 25 kilometers East of La Cobriza.

Alset Energy Corp. announces that it has filed with the TSX Venture Exchange documents for final approval of its private placement financing. Gross proceeds total $460,240 consisting of 288,334 flow-through units for $34,600 and 4,256,400 non flow-through units for $425,640.

Arian Silver Corporation announces that further to its voluntary delisting from the Toronto Venture Stock Exchange with effect from 1 December 2015 it has applied to the British Columbia Securities Commission, as principal regulator, and the securities regulatory authority or regulator in Alberta for a decision that it is no longer a reporting issuer in Canada.

McEwen Mining Inc. is pleased to announce the appointment of Xavier Ochoa to President and Chief Operating Officer. Xavier joined the Company this past September, 2016 as McEwen Mining’s COO.