Category: Investor’s Corner

Aura Silver Resources Inc. sadly reports that Company director Eric Craigie passed away recently. Eric served as a director since the Company’s inception in 2003 and was previously Vice President, Exploration. Eric provided valuable counsel on the strategic direction and governance of the Company over the past thirteen years. The Company’s Greyhound property was first prospected by an exploration team led by Eric and Paul Pitman, Manager of Canadian Operations during the mid- 1990’s, which led to the Company’s interest in the project.

Santacruz Silver Mining Ltd. reports that, in connection with its previously announced short form prospectus offering of units at a price of C$0.40 per Unit, it has amended its agreement with Haywood Securities Inc., on behalf of a syndicate including M Partners Inc., to increase the amount of the Offering from 26,500,000 Units to up to 32,500,000 Units for aggregate gross proceeds of up to $13,000,000.

La minería en México atraviesa un buen momento, en especial por el aumento en los precios de los metales preciosos, consideró Xavier García de Quevedo, presidente de Grupo México.

SOURCE EXPLORATION CORP. The Company has filed a response as a third party of interest after receiving notification of an appeal by a neighboring concession owner to an earlier decision by the General Bureau of Mining located in Mexico City regarding an overlapping area of its Las Minas property. The overlapping area comprises approximately 11% of the Las Minas project.

Arturo Préstamo, President and Chief Executive Officer of Santacruz, stated: “We are very pleased to have come to an agreement with JMET and Haywood to restructure the current Silver Pre-Payment Agreement, which strengthens our balance sheet and in particular our working capital. I am also pleased to report that this week we are taking delivery at the Veta Grande Mine of a key piece of mechanized mining equipment that will significantly increase our mine production going forward.”

MAG Silver Corp. announced today that the Company will change the ticker symbol of its common shares listed on the New York Stock Exchange from MVG to MAG effective Monday, June 27, 2016. The Company will then trade on both the TSX and NYSE MKT as MAG.

“Settlement of this debt is a very significant achievement for Timmins as it has been a top priority to place the Company in a stronger financial position going forward.” stated Mark Backens, Interim CEO. “With the debt paid off we gain flexibility and can renew focus on the advancement of the Ana Paula feasibility study and permitting work. Initial funding for this work will be provided by the cash flow generated from the San Francisco Mine. We would like to extend our appreciation to both Sprott and our largest shareholder Goldcorp for their support.”

“Lindsay has had key leadership roles in the U.S. and Canada, in mining and other industries,” said Phillips S. Baker, Jr., Hecla’s President and Chief Executive Officer. “We are pleased that he has chosen to join us at a time when Hecla is at its strongest – most reserves and production in our history – and as we continue to adopt new technologies to improve our productivity and extend mine life, and acquire new high-quality properties.”

Torex Gold Resources Inc. announced that the Company’s Board of Directors has authorized the implementation of the consolidation of the Company’s issued and outstanding common shares on the basis of one post-consolidation Common Share for every ten pre-consolidation Common Shares, effective June 30, 2016.

Combined with the original private placement, the Company has raised aggregate gross proceeds of approximately C$32 million. The net proceeds of the original private placement and Offering are expected to be used by the Company for capital programs at the Galena Complex and San Rafael Property, debt repayment, working capital and general corporate purposes.