Category: Investor’s Corner

Oceanus Resources Corporation and El Tigre Silver Corp. are pleased to announce the completion, following the receipt of the final order of the Court on November 10, 2015 , of the previously announced arrangement agreement that combines their respective companies by way of a statutory plan of arrangement pursuant to the Business Corporations Act ( British Columbia ), under which Oceanus acquired all of the outstanding common shares of El Tigre in exchange for common shares of Oceanus.

Commenting on the Company’s 2015 third quarter results, Geoff Burns, Chief Executive Officer, said, “Continuing to respond to the difficult price environment, we recorded a very strong operational quarter, delivering an expected gain in silver production, a Company record for gold production and our second-lowest quarterly cash costs in over three years.” Burns continued, “Clearly benefiting from the determination of our operating teams to reduce costs and increase productivities, we generated a very respectable $32.9 million or $0.22 per share in operating cash flow, more than sufficient to fund our sustaining capital and cover our current quarter’s dividend”.

“We made significant progress this quarter with improved production, recoveries, cash flow and significantly reduced costs despite continued challenging market conditions,” stated Brendan Cahill, President and Chief Executive Officer. “Our continued efforts to minimize costs resulted in operating costs improving by 40% this year and we expect this trend to continue as we implement the optimization plan for Platosa. With the balance sheet strengthened as a result of the recently announced $6 million financing, we are now well positioned to meet our long-term operational and financial objectives.”

“This marks our first quarter reporting consolidated results as the new Alamos with production of nearly 88,000 ounces. We are continuing to hit our operational targets at Young-Davidson, with record underground throughput in October, and we have commissioned the mill at Mulatos positioning us for a much stronger fourth quarter. We remain on track to achieve the low end of our full year consolidated production guidance of 375,000 to 425,000 ounces,” said John A. McCluskey, President and Chief Executive Officer.

Santacruz Silver Mining Ltd. is pleased to announce that it has closed the third and final tranche of its previously announced non-brokered private placement.

“As realized metal prices continue to decline, our focus remains on reducing all-in sustaining costs at our two mine sites, increasing our productivity, and reducing general and administrative expenses,” said Darren Blasutti, President and CEO of Americas Silver Corporation. “We saw significant reductions in both these cost metrics once again this quarter primarily due to vigilant cost control and increased lead production at Galena. We will need to continue this trend in the short term to offset further falling metal prices.”

Alamos Gold Inc. today announced that Alan Edwards has resigned from the Company’s Board of Directors and consequently from his position as Chair of the Board. Paul Murphy has been appointed by his fellow directors to serve as Chair of the Board. In addition, Alamos is pleased to announce that Claire Kennedy has joined the Board of Alamos.

Primero Mining Corp. is pleased to announce the planned appointment of Mr. Ernest Mast as President and Chief Executive Officer and Director of the Board effective January 31, 2016. Mr.Joseph F. Conway, the Company’s C.E.O. since its inception will assume the role of Executive Vice Chairman as part of an established succession plan.

“During the third quarter the Rosario Mine made significant steps towards continued improvements in operational performance. Over the quarter we transitioned from third party contract mining to our in-house mining operations team, which carried additional costs for third quarter, but benefits will be reflected in the following quarters and years to come. With this move we will be able to continue to reduce the mining costs at the Rosario Mine. In addition, the Company commenced using a new permanent tailings disposal system that utilizes dry-stacking technology in conjunction with the prior existing tailings structure. Operating costs are also expected to decrease as a result of the implementation of this system.” said Arturo Préstamo, President and CEO.

Almaden Minerals Ltd. announces that as a result of a review by the British Columbia Securities Commission, we are issuing the following news release to clarify our disclosure. The review identified filing and disclosure issues with the technical report titled, NI 43-101 Technical Report Preliminary Economic Assessment of the Ixtaca Project, Mexico filed on October 9th, 2014. The Company has amended the report accordingly, which has now been refiled on SEDAR as an amended report. The Company wishes to clarify that the amendments are not material changes and the Report’s data, inputs, interpretation, conclusions and results all remain unchanged. The items amended according to NI 43-101 guidelines are listed below in order of appearance in the original report.