Category: Investor’s Corner

The proceeds from the Financing will be used in the ongoing implementation of the previously announced Optimization Plan at the Platosa Mine and for general corporate purposes. Phase II of the Optimization Plan is expected to commence in early April with the drilling of primary dewatering wells.

“Copper production for the quarter comfortably met our guidance,” said Darren Pylot, President and CEO of Capstone. “At Pinto Valley, mill reliability and throughput continued the positive momentum from the fourth quarter of 2015, once again exceeding expectations, with quarterly throughput averaging 55,000 tonnes per day.Minto posted very strong production led by better than expected recoveries, partially offsetting a production shortfall at Cozamin.”

Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to announce a non-brokered equity private placement in the Company by Eric Sprott for gross proceeds of C$3,000,000 through the issuance of 6,666,667 units at a price of $0.45 per unit. Each Unit will consist of one common share and one half-share purchase warrant of the Company. Each full Warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.65 per share for a period of 24 months from the closing date.

ALIX RESOURCES CORP. announces that it is increasing the non-brokered private placement announced on February 10th, 2016 from four million units to ten million units at a price of $0.05 per Unit for aggregate gross proceeds of $500,000. Each Unit will be comprised of one common share and one Share purchase warrant of the Company. Each Warrant entitles the holder to purchase an additional Share at a price of $0.075 per Share for a period of 12 months. Proceeds from the Offering will be used for general working capital and to advance the Company’s Lithium concessions located in Sonora, Mexico.

MAG Silver Corp. announces the Company’s audited consolidated financial results for the year ended December 31, 2015. For details of the consolidated financial statements, Management’s Discussion and Analysis, Annual Information Form and Annual Report on Form 40-F for the year ended December 31, 2015, please see the Company’s filings on SEDAR (www.sedar.com) or on EDGAR (www.sec.gov). All amounts herein are reported in United States dollars unless otherwise specified.

“Following a productive fourth quarter in 2015, we believe this year is off to a great start with positive developments already coming to fruition. As we continue to await the approval of our ‘Don Diego’ environmental permit, the MINOSA team’s ongoing cooperation and support, in conjunction with the recent agreement with Epsilon, reinforces our belief that MINOSA is the right partner for Odyssey’s offshore mineral exploration business,” said Mark Gordon, Odyssey chief executive officer and president. “Additionally, we recently regained compliance with NASDAQ’s continued listing requirements.”

Mexus Gold US today announced the appointment of Geologist Cesar Lemas as Director of Operations (DOO). Mr. Lemas is a graduate of the University of Arizona with a Masters in Mineral Economics. His experience is vast and includes geological exploration, mine-project valuation and development, geophysics, geochem, metallurgy, mine design, mineral processing, and dry desert placer mining and development. CEO Paul Thompson added, “Cesar Lemas is the perfect person to help Mexus bring its Santa Elena project into production. His knowledge of our property matched with his experience will prove invaluable moving forward.”

Mark Brennan, President and CEO of Sierra Metals commented: “Sierra had a very strong start in 2015 with record production, throughput and strong cash flows. However, the latter part of 2015 has been challenging with weaker financial and production results as a result of lower metal prices and the introduction of important operational improvements, primarily at the Yauricocha Mine. These changes and improvements have temporarily impacted production levels but aim to structurally improve our operations and production capabilities for the longer term.”

Red Tiger Mining Inc. announces that it has changed its auditors from Ernst & Young LLP to MNP LLP.

Kootenay Silver President and CEO James McDonald stated “We are very pleased to have the opportunity to consolidate the ownership of the royalty at this time. Given our belief in La Cigarra’s silver resources and the potential for additional discoveries the opportunity to repurchase the royalty is beneficial to the project.”