Category: Investor’s Corner

Macarthur Minerals Limited is pleased to announce that it has closed the previously announced non-brokered private placement for aggregate gross proceeds of CAD$300,000 for 15,000,000 units at a price of CAD$0.02 per Unit to Rare Earth Minerals Plc. The Unit Price is equal to the closing price of the Company’s TSX Venture Exchange listed shares on February 3, 2016, the date the Company announced the Offering.

IMPACT Silver Corp. is pleased to announce that it has closed its private placement announced March 30, 2016. The placement raised a total of $2,000,000 by the issue of 6,666,666 shares of the Company at a price of $0.30 per share.

“We delivered a solid operational quarter due in large part to the restructuring plan we put in place earlier this year combined with our continued focus on cost reductions and productivity improvements despite lower lead grades at the Galena Complex,” said Americas Silver President and CEO Darren Blasutti. “For the remainder of the year, our focus will be on improving our Cosalá Operations mine planning, securing financing for our San Rafael project and increasing mining in higher lead grade areas at the Galena Complex in order to maintain our momentum on lowering costs to achieve or exceed our stated guidance for the year.”

Red Tiger Mining Inc. announces that it has amended its senior secured loan between Minerales Libertad, S.A. de C.V., the Company’s wholly-owned subsidiary, and Gerald Metals S.A.

Proceeds from the offering will be used for general working capital and to advance the company’s lithium concessions located in Sonora, Mexico.

GOLDEN, Colo., April 11, 2016 /PRNewswire/ — Golden Minerals Company (NYSE MKT: AUMN; TSX: AUM) (“Golden Minerals” or “the Company”), at the request of IIROC Market Surveillance and on behalf of the Toronto Stock Exchange, wishes to issue a statement that the Company is not aware of any undisclosed material development that would cause today’s upward movement in the Company’s share price.

“With a steady first quarter behind us, 2016 is shaping up to be a solid year for Avino. Our operations team delivered another quarter of consistent production and development at the San Gonzalo and Avino Mines respectively, putting us in a strong position to achieve our goals for the year. In 2016 our objectives are to continue to focus on efficient operations including improving recovery rates, meeting production targets, controlling costs and transitioning the Avino Mine from the development phase to underground mining. Underground Mining commenced on April 1 on upper level 11.5 using the long-hole sub-level caving method, which is a cost effective method of extraction,” David Wolfin, President, CEO & Director, Avino Silver & Gold Mines Ltd.

Marlin Gold Mining Ltd. announces that it will be offering rights to holders of its common shares at the close of business on the record date of April 18, 2016, on the basis of one right for each common share held. Each Right will entitle the holder to subscribe for 0.3752 Common Shares of Marlin upon payment of the subscription price of $0.30 per Common Share. The Rights Offering will be conducted in Canada only.

Southern Silver Exploration Corp. announces that it has closed its previously reported non-brokered private placement by issuing 12,000,000 Units at a price of $0.05 per unit for gross proceeds of $600,000. Each unit consisted of one common share and one share purchase warrant exercisable to purchase one additional common share for a period of five years at an exercise price of $0.08 per share.

Endeavour CEO Bradford Cooke commented, “Our plan for 2016 is to focus on profit margin by minimizing all-in sustaining costs and improving after-tax free cash flow at each mine. That means investing less on exploration and development, primarily at El Cubo and Bolañitos, as well as evaluating new opportunities to reduce operating costs at each mine.