Category: Investor’s Corner

“With a portfolio of world class assets on large land packages in prolific mining camps, we have the potential to significantly expand and upgrade our current reserve and resource base in 2017 and beyond,” said Paul Harbidge, Senior Vice-President, Exploration, “We have just begun to explore the surface at our newest operating assets – Cerro Negro and Éléonore. At the more established camps, such as Red Lake and Porcupine, we are in the process of undertaking generative studies in the districts and re-interpreting the geological information to extend the reserves and resources.”

“We achieved a number of significant milestones during the third quarter despite lower production relative to the second quarter. Our quarterly earnings more than doubled, free cash flow increased 20% quarter-over-quarter and LTM adjusted EBITDA has now risen above $200 million – up from $96 million just 15 months ago. Importantly, we are well-positioned for a strong fourth quarter at each of our five operations,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer.

“Improved performance from our flagship Peñasquito mine and low all-in sustaining costs drove a third quarter that generated solid financial results, as we begin to see the benefits to the bottom line of our program to realize $250 millionin sustainable annual efficiencies from our existing business,” said David Garofalo, Goldcorp President and Chief Executive Officer. “The value of our diversified portfolio in prolific mining camps was also evident with the definition of the new 5.4 million ounce Dome Century open pit resource in our 105 year-old Porcupine mining camp, which has the potential to substantially grow gold production.”

The net proceeds of the Financing will be used for exploration of the Company’s properties, reviewing additional properties, and general working capital purposes.

Capstone Mining Corp. is pleased to announce the appointment of Robert Gallagher and Jill Gardiner to the company’s board of directors.

“Operating performance in the third quarter continued to be very strong, setting throughput records at both Pinto Valley and Minto,” said Darren Pylot, President and CEO of Capstone. “In addition, we received the benefit from a full quarter of processing high grade Minto North ore.”

Alix Resources Corp. and Lithium Australia updated the market on their progress at their Electra Project in Sonora, Mexico. Sonora is Mexico’s second largest state and the project is located to the northwest of the country.

Thomas Atkins, President and CEO of Mammoth Resources commented on the amended terms stating: “The amendment to the terms of the Company’s option agreement with the vendors is reflective of the strong relationship we have with the vendors and our shared optimism in the potential of the Tenoriba High Sulphidation, precious metal project. These new terms take into account the past years of weak equity capital markets for mineral exploration companies and the potential such challenges could extend into the future. The reduction of US$41,662 in future vendor payments at the recent US$ to C$ exchange rate of US$1 = C$1.32 equates to approximately C$55,000 in reduced vendor payments. This amount divided by the 600,000 shares issued attributes a value of C$0.09 per Mammoth share whereas one month ago Mammoth announced closing a C$202,500 private placement priced at C$0.02/unit. Clearly, the issuance of these shares to reduce this payment is an attractive use of capital at this time and given the recent valuation of the Company’s shares.

“With its favourable geology and proximity to the Mulatos mine, the Santana Property represents an attractive exploration opportunity. We look forward to supporting Corex as they continue exploring this property,” said John A. McCluskey, President and Chief Executive Officer.

Corex Gold Corp., announces that it has closed the previously announced equity financing and has issued 25,300,000 common shares of the Company to Alamos Gold Inc. at a price of $0.10 per Share. The Company has also issued an aggregate of 3,000,000 Shares to certain members of management of the Company or their affiliates and has issued 6,105,831 Shares to H. Morgan & Company, all at a price of $0.10 per Share.