Category: Investor’s Corner

Comex Grade 1 Copper cathodes production of 299 tonnes for the three months ended September 30, 2015

Copper sales of $1,419,869 for the three months ended September 30, 2015 at an average realized price of $2.15 per copper pound

Total cash costs per copper pound of $1.35 and average realized margin of $0.80 per copper pound for the three months ended September 30, 2015

The Company had earnings (losses) from mining operations at La Negra for the quarter ended September 30, 2015 in the amount of ($1.0) million, compared to $0.6 million in Q3 2014, primarily due to weaker metals prices and lower grades of mineralization in mined material, partially offset by lower production costs. Net loss for the quarter increased to ($6.5) million or ($0.08) per share, compared with a net loss of ($3.7) million or ($0.04) per share in Q3 2014.

“The completion of this transaction puts Alta Vista in a select group of public companies”, stated Ian Foreman, president of Alta Vista, “as there are only a handful of public companies with a license to cultivate and sell medical cannabis in Canada under the MMPR system. We are excited about this opportunity to continue to grow RedeCan Pharm into a leader in the industry.”

Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to announce that it has completed its previously announced C$6,600,000 financing, comprising C$5,610,000 principal amount of secured convertible debentures of the Company and the sale of a net smelter return royalty on the Platosa Project for C$990,000. References to principal amounts and conversion or exercise prices in respect of the Financing are in Canadian dollars.

Minaurum Gold Inc. is pleased to announce it has closed the first tranche of a non-brokered private placement raising $2,507,625. Minaurum has issued 50,152,500 common shares at a price of $0.05 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional common share of Minaurum for a period of three (3) years at an exercise price of $0.075. The securities are subject to a four month and one day hold period. A finder’s fee of $147,000 in cash was paid in connection with this financing.

Arian Silver Corporation, a silver mining company focussed on silver projects in the silver belt of Zacatecas, Mexico, announces that further to its announcement on 29 October 2015 of the termination of the letter of intent and non-binding term sheet with Quintana AGQ Holding Co. LLC, it has now signed an acknowledgement of the Default Notice announced on 3 November 2015 and has further entered into a settlement deed with Quintana AGQ Holding Co. LLC and its affiliates.

BACANORA MINERALS LTD. The Board of Directors of Bacanora is pleased to announce the proposed appointment of Mark Hohnen as a Director of Bacanora, subject to regulatory approval and finalization of the terms of his appointment.

“We’ve made good progress in a difficult market. This year we strengthened our balance sheet, increased production, and decreased our costs,” said Rob McEwen, Chief Owner. “I’m not going to take this lying down, I have no intention of being delisted from the world’s premier stock exchange.”

Bearing Resources Ltd. is pleased to provide an update on its previously announced corporate reorganization that will transform it from a mineral exploration company to a film, television and digital media company. As announced on May 5, 2015, the Reorganization will include the acquisition by the Company of all of the shares of Odyssey Media Inc., a Vancouver based private company involved in the production and sale of motion pictures. The Company also intends to dispose of all of its mineral assets.

US Precious Metals Inc., an exploration stage company engaged in the acquisition, exploration and development of mineral properties in the State of Michoacán, Mexico announces the Company has entered into an “Investment Banking” agreement with J. Streicher Capital, LLC, a FINRA registered broker dealer, located in New York City, New York. It also entered into an “Advisory Agreement” with J. Streicher Advisory, LLC, a corporate finance entity.