Category: Investor’s Corner

“As copper prices continue to deteriorate, we have looked at a range of actions to preserve our financial flexibility. We have taken the steps we outlined with our initial 2015 guidance to reduce our overall capital expenditures and have reduced operating costs in order to enhance our financial position and provide sufficient liquidity to execute our operating plan in the current market environment. This includes reducing and deferring capital expenditures at our operating mines, suspending all work on the Santo Domingo project, eliminating non-essential operating and general and administrative expenses and reducing exploration expenditures,” said Darren Pylot, President and CEO of Capstone.

GOLDCORP INC. is pleased to declare its ninth monthly dividend payment for 2015 of $0.02 per share. Shareholders of record at the close of business on Thursday, September 17, 2015 will be entitled to receive payment of this dividend on Friday, September 25, 2015.

Quaterra Resources Inc. today announced that Steven Dischler has resigned as President and CEO and as a director of the Company for personal reasons. Thomas Patton, Chairman of the Board of Directors, will assume the role of President and CEO of the Company.

Further to its press release of August 11, 2015 announcing a proposed debt settlement through the issuance of shares, Starcore International Mines Ltd. announces that it has issued 15,972,810 Subscription Receipts, in full and complete settlement of outstanding debt as at July 31, 2015 in the aggregate amount of US$1,725,371.91 owed to certain creditors. The Receipts were issued at a deemed price of $0.14 per Receipt.

Tesla Motors Inc., long known for its ability to keep its buzz machine churning, gave lithium investors something to get excited about this weekend. On Friday, Bacanora Minerals Ltd. and Rare Earth Minerals Plc, owners of the Sonora Lithium Project, announced that they had finalized a conditional, long-term lithium hydroxide supply agreement with the car and battery giant.

Photographic Report El Limon – Guajes

Shares in Gold Canyon Resources (CVE:GCU) and PC Gold (CVE:PKL) shot up on Tuesday massive trading volumes, after announcing that First Mining Finance Corp. (CVE:FF) will be acquiring all the shares of both explorers.

Arian Silver Corporation, a silver mining company focussed on silver projects in the silver belt of Zacatecas, Mexico, announces that Oliver Rodz and David Laing have each resigned from the Board with immediate effect.

U.S. Precious Metals, Inc. announces that it has received additional assays from its 2015 drilling campaign. The assays for the five holes 18-22 continue to show high values of Gold, Silver and Copper with wide intercepts in multiple locations.

Keith Neumeyer, Chairman of First Mining, stated: “We believe that the current market climate for junior exploration companies remains very challenging and thus requires consolidation and that only companies with attractive assets and supportive shareholder bases will survive this market cycle which still may last for years. We believe this transaction provides an excellent opportunity for the shareholders of all three companies to be part of a leading exploration and development company with a dedicated, focused and experienced management team.”