Category: Investor’s Corner

Arturo Bonillas, President of the Company, stated, “Gold production this quarter was strong mainly due to higher grades and lower waste stripping. Grades were 17% higher and strip was 18% lower than the same quarter last year. We remain on track to achieve our objectives for 2016.”

“Great Panther’s first quarter production of 1.01 million silver equivalent ounces is in-line with our annual guidance, and reflects our plans for modest growth and further focus on operational efficiency in 2016 after achieving 30% growth last year”, stated Robert Archer, president & CEO. “The increase in gold production and decrease in silver production are a direct result of the rising production from San Ignacio, which has a higher gold to silver ratio, and pillar recoveries at the Guanajuato mines. Our team’s continued pursuit of greater efficiencies and better grade control is another important factor in the overall success for the quarter and is reflected in more ounces produced from less tonnes.”

Jorge A. Ganoza, President and CEO, commented: “Silver and gold production exceeded guidance for the quarter. San Jose’s outperformance was driven by higher head grades, increase in milled tonnes, and better metallurgical recoveries. Caylloma reached the new mill throughput rate of 1,430 tpd at the end of March.” Mr. Ganoza continued, “Mill expansion from 2,000 tpd to 3,000 tpd is progressing as planned with commissioning scheduled for July 2016. At that point, the San Jose Mine will rank among the top thirteen primary silver producing mines in the world, increasing Fortuna’s consolidated silver and gold annual production to approximately 9 -10 million ounces of silver and 52 – 53 thousand ounces of gold.”

Golden Tag Resources Ltd. is pleased to announce that it has signed a letter of intent with Golden Minerals Company allowing Golden Tag to purchase Golden Mineral’s 50% interest in the San Diego Silver Project, Mexico. On completion of the formal purchase agreement, the Company will hold a 100% interest in the project. The proposed terms of purchase call for the payment of $Cdn Five Hundred Thousand Dollars and the issuance of Two Million, Five Hundred Thousand common shares of Golden Tag. Golden Minerals will also be granted a 2% NSR on the property. Completion of the purchase is subject to the negotiation and execution of binding legal agreements, Golden Tag raising the cash portion of the price (which it is currently seeking to secure) and TSX Venture Exchange acceptance. The LOI contemplates closing must all occur by June 17, 2016.

Macarthur Minerals Limited is pleased to announce that it has closed the previously announced non-brokered private placement for aggregate gross proceeds of CAD$300,000 for 15,000,000 units at a price of CAD$0.02 per Unit to Rare Earth Minerals Plc. The Unit Price is equal to the closing price of the Company’s TSX Venture Exchange listed shares on February 3, 2016, the date the Company announced the Offering.

IMPACT Silver Corp. is pleased to announce that it has closed its private placement announced March 30, 2016. The placement raised a total of $2,000,000 by the issue of 6,666,666 shares of the Company at a price of $0.30 per share.

“We delivered a solid operational quarter due in large part to the restructuring plan we put in place earlier this year combined with our continued focus on cost reductions and productivity improvements despite lower lead grades at the Galena Complex,” said Americas Silver President and CEO Darren Blasutti. “For the remainder of the year, our focus will be on improving our Cosalá Operations mine planning, securing financing for our San Rafael project and increasing mining in higher lead grade areas at the Galena Complex in order to maintain our momentum on lowering costs to achieve or exceed our stated guidance for the year.”

Red Tiger Mining Inc. announces that it has amended its senior secured loan between Minerales Libertad, S.A. de C.V., the Company’s wholly-owned subsidiary, and Gerald Metals S.A.

Proceeds from the offering will be used for general working capital and to advance the company’s lithium concessions located in Sonora, Mexico.

GOLDEN, Colo., April 11, 2016 /PRNewswire/ — Golden Minerals Company (NYSE MKT: AUMN; TSX: AUM) (“Golden Minerals” or “the Company”), at the request of IIROC Market Surveillance and on behalf of the Toronto Stock Exchange, wishes to issue a statement that the Company is not aware of any undisclosed material development that would cause today’s upward movement in the Company’s share price.