El mejor analista de metales preciosos según Bloomberg, OCBC, pronostica que el oro podría llegar hasta los mil 400 dólares la onza si la aversión al riesgo se intensifica.
Marlin Gold Mining Ltd. is pleased to announce its intention to commence a normal course issuer bid, subject to the approval of the TSX Venture Exchange. The Company intends to purchase, from time to time as it considers advisable over the 12-month period of the NCIB program, an aggregate of 2,000,000 common shares in the capital of the Company, representing approximately 1.73% of the Company’s issued and outstanding Common Shares and approximately 8.79% of the Company’s “public float”.
MAG Silver Corp. announced today that it has entered into an agreement with a syndicate of underwriters led by Scotia Capital Inc., BMO Capital Markets and Raymond James Ltd., pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 8,905,000 common shares of the Company at a price of US$7.30 per Common Share, for total gross proceeds of US$65,006,500. The Company will also grant to the Underwriters an over-allotment option to purchase up to 1,335,750 additional Common Shares. The Over-Allotment Option will be exercisable for a period of 30 days following closing.
Tom Ogryzlo, Interim CEO, stated, “I am pleased to have the distraction caused by the class action litigation behind the Company at last. As I noted previously, the prospect of this final settlement has enabled us to focus on seeking opportunities for creating value for our shareholders.” Mr. Ogryzlo added, “While these markets remain challenging, I believe that projects with the right characteristics can be funded and advanced. Our objective remains to preserve the Company’s longer-term participation in the Boleo Project, through the development of a platform that will enable the Company to pursue projects with potential to generate short term cash flow.”
Mr. Frederick Davidson, CEO and President, of IMPACT commented as follows: “We are delighted to welcome Mr. Lishman to the Board as his extensive experience in the natural resources sector and as an investment fund manager will be extremely valuable for the Company.”
John-Mark Staude, President and CEO, stated: “Willie Lee has made a superb contribution to Riverside as a director and we are sorry that for personal reasons he has decided to step down from all board positions. We wish him and his family well and express our deep appreciation for the commitment he has displayed while striving for quality in the auditing and accounting of public companies such as Riverside.”
For 2016, the Company expects to deliver gold production of between 1.23 million and 1.31 million ounces of gold. Silver production is projected at between 6.9 million and 7.2 million ounces of silver and copper production is projected at between 122 million and 125 million pounds. These numbers exclude any share of production from the Company’s interest in Alumbrera. The Company has increased confidence in 2016 production guidance as a result of the achievements of 2015, which include: streamlined operations and management; improved core management in exploration, development, operations and health and safety; improved resource models and mine plans; and improved timing relating to the evaluation and development of projects and development at existing mines.
Odyssey Marine Exploration, Inc., a pioneer in the field of deep-ocean exploration, will implement a 1-for-12 reverse stock split of its common stock, effective during the after-market hours on February 19, 2016.
Michael Steinmann, President and Chief Executive Officer of the Company commented on the fourth quarter 2015 and full-year 2015 performance results, “2015 was one of the strongest production years in Pan American’s history with record silver and gold production, a 15% decrease of our cash costs and a 17% decrease in AISCSOS from 2014. In spite of deteriorating metal prices, our record setting production helped us to continue to generate strong operating cash flows of$88.7 million, or $0.58 per share, which was more than sufficient to cover our annual sustaining capital of $73.7 million. Our efforts did not fully counteract the effects of lower metal prices on our earnings, as net realizable value adjustments, low prices, foreign exchange losses, and impairments pushed us into a net loss position for the year.”
“Primero’s strong focus on reducing costs, while continuing to invest in profitable operations is evident in our 2015 results,” stated Ernest Mast, President and Chief Executive Officer. “We achieved industry low all-in sustaining costs of $680 per ounce at our platform San Dimas mine while significantly reducing the all-in sustaining costs at the Black Fox mine by 19% from 2014, to $1,163 per ounce. We were also successful at reducing our corporate G&A expense with the closure of two satellite offices. Though Primero has had a volatile start to 2016 in the equity markets, our mines in Mexico and Canada continue to operate uninterrupted with anticipated further efficiency gains anticipated in 2016. We are aggressively defending the claim initiated by the Mexican tax authority seeking to nullify the APA…”
Mexico Mining Center © 2021 / All Rights Reserved
