Category: Investor’s Corner

Starcore International Mines Ltd. reports the results of its annual general meeting of shareholders held on October 28, 2016.

Silver Standard Resources Inc. announces today that it has completed the sale of its Parral properties in Chihuahua, Mexico, including the Veta Colorada, La Palmilla, and San Patricio properties, to Endeavour Silver Corp. for consideration including $6 million of Endeavour Silver shares at closing (based on the average of the closing prices of Endeavour Silver shares sold on the NYSE during the ten trading days prior to September 13, 2016). Endeavour Silver is a mid-tier precious metals company with a track record of exploring for, developing and operating mines in Mexico. This transaction was previously announced in Silver Standard’s news release dated September 14, 2016.

“I am very pleased to welcome Patricia to the Primero Board,” said Wade Nesmith, Chairman. “She brings an enormous wealth of experience in international relations and government negotiations, and will be able to provide critical insight and guidance to the Board and Management as we work to achieve our goal of building Primero into a leading mid-tier gold producer.”

SilverCrest Metals Inc. is pleased to announce that a technical report titled “Technical Report on the Las Chispas Property, Sonora, Mexico”, dated October 26, 2016 with an effective date of September 15, 2016, has been filed today and is available on SEDAR at www.sedar.comand on SilverCrest’s website. The Technical Report was independently completed for the Company by P. James F. Barr, P. Geo., Senior Geologist and Team Lead – Geology for Tetra Tech EBA Inc., in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Riverside Resources Inc. has sold 3,000,000 common shares in privately held Croesus Gold Corp for total proceeds of $650,000 CAD. The Company received 6,000,000 Croesus common shares as part of the Sugarloaf Peak Project sale. Riverside continues to hold 3,000,000 Croesus common shares and retains a 2% net smelter return royalty on the Project.

Canarc Resource Corp. provides an update on recent achievements in the 3rd quarter 2016 and its plans for the 4th quarter 2016 and going forward. Since the closing of the sale of Oro Silver in the 2nd quarter for $10.5M, Canarc has focused its efforts on three key objectives….

“In the third quarter of 2016, our operations continued to deliver solid production and cost performance. As a result, we now expect to exceed the upper end of our 2016 production guidance of 1.6 million ounces,” said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “Furthermore, our strong operating performance resulted in increased operating cash flow and an increase in our cash position which further supports our development plans to grow production to approximately 2.0 million ounces in 2020,” added Mr. Boyd.

BACANORA MINERALS LTD., the Canadian and London listed lithium exploration and development company, is pleased to confirm the previously announced appointment of James Strauss as a Director of the Company (with immediate effect) as a result of the completion of all regulatory checks required under AIM Rules.

“This quarter marked an important turn in the Company’s operations, with momentum now building towards the completion of our ongoing optimization program in the first quarter of 2017 and our goal of a completely dry Platosa by spring,” stated Brendan Cahill, President and Chief Executive Officer. “Additionally, recent highigrade drill results immediately adjacent to existing resources and infrastructure are a promising early indicator of the opportunity to efficiently increase high-grade tonnage at Platosa. During Q3, we effectively completed all civil works required for the optimization program and developed into the next level of the Rodilla Manto. This increased development affected production during the quarter, but we are looking forward to the quarters ahead as mining conditions continue to improve. The first major return from the optimization program is scheduled for the coming weeks, with the primary booster pump array and an additional four wells coming online, which are expected to increase the mine-drying rate by over 150%.”

Jim Williams, Chief Executive Officer of Arian commented: “Arian Silver is advancing two routes to becoming a precious metal producer through the potential participation in the development of the Noche Buena tailings project as well as the potential participation in the development of an advanced stage exploration project in the Southern part of the USA. Simultaneously, we have been reviewing our existing portfolio of mineral concessions with a view to delineating a compliant mineral resource on a number of these assets. These are powerful drivers for regrowth and we look forward to providing our shareholders with further updates as these matters progress over the coming months.”