Category: Investor’s Corner

Primero Mining Corp. announces that today, at its Annual General and Special Meeting of Shareholders, all Directors nominated as listed in the Management Information Circular dated March 22, 2016 were re-elected.

BOWMORE Explorations Ltd. would like to provide an update to its Private Placement recently announced March 17, 2016 and that the Company is actively facilitating the closing of the Private Placement which the Company expects will occur on or before May 24, 2016. The Company has received conditional regulatory approval for the non-brokered private placement for total gross proceeds of up to $750,000.

“During our first quarter, we successfully implemented improved ground control procedures across our vast San Dimas mine,” stated Ernest Mast, President and Chief Executive Officer. “I feel a renewed sense of optimism as we enter the second quarter. On all-levels, we are pulling together as a stronger Primero team to achieve our corporate objectives, and through April we have made significant advances towards attaining these goals…”

All matters presented for approval at the Meeting by management were duly authorized and approved, as follows:
1) election of all management nominees to the board of directors of the Company;
2) appointment of PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the Company for the ensuing year and authorization of the directors to fix their remuneration;
3) to confirm and reauthorize the Corporation’s share incentive plan for the Corporation; and
4) to have a shareholder advisory vote on the Corporation’s Report on Executive Compensation (“Say on Pay”).

Golden Minerals Company today announced that it has entered into a definitive agreement with institutional investors for an offering of shares of common stock with gross proceeds of approximately $4 million. The closing of the offering is expected to take place on or about May 6, 2016, subject to the satisfaction of customary closing conditions.

“The year is off to a good start with a more constructive gold price environment and continued strong operating performance from all of our mines. As a result of the strong operating results, we now expect to meet the top end of our production guidance for 2016,” said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “At current margins, Agnico Eagle is generating sufficient cash flow to support its expanded exploration and development activities and potentially pay down additional debt,” added Mr. Boyd.

Pete Dougherty, President and CEO, stated: “First quarter 2016 GEO production was in line with guidance at El Castillo, exceeded guidance at La Colorada and showed a 6% improvement over the previous quarter. At La Colorada, we exceeded expectations primarily due to increased crusher throughput. In addition to a solid quarter of production, we generated net income of $4.3 million and continue to add cash to our balance sheet.”

Subsequent to the 2015 year-end, on January 7, 2016, Aurcana completed a restructuring transaction with Orion Mine Finance, pursuant to which, among other things, the Company’s interest in the La Negra mine, located in Mexico, was transferred to Orion and all outstanding debt owed by Aurcana to Orion was extinguished. Aurcana is now debt free. The La Negra mine constitutes a “discontinued operation” of the Company for reporting purposes.

Alianza Minerals Ltd. is pleased to announce that the Board of Directors has appointed Mr. Geoff Chater, B. Sc. Geology, as a director of the Company.

Frederick H. Earnest, President and Chief Executive Officer, commented, “We continue to believe that our balance sheet will fund our currently planned activities into 2018, and we still have potential future sources of non-dilutive financing including the sale of our used mill equipment and our non-core Guadalupe de los Reyes gold/silver project in Mexico. Our focus remains fixed on our Mt Todd gold project where we are completing additional modelling and testing to support our request for authorization under the Environmental Protection and Biodiversity Conservation Act of 1999 (Australia); and we are analyzing recommendations from a team of technical experts that we engaged earlier this year to review key parts of the Mt Todd gold project.”