Category: Investor’s Corner

Seeking Alpha – On July 22, 2015 Fresnillo plc announced its H1 2015 production results. Apart from that, the company raised its full year 2015 gold production guidance to 715 – 730 thousand ounces (from 670 – 685 thousand ounces previously). In this article I am discussing the H1 2015 production results.

Silver Shield Resources Corp., announced today the closing of the first tranche of its non-brokered private placement which was announced on June 4th, 2015. One Million Five Hundred and Forty-Nine Thousand Six Hundred units were sold for gross proceeds of One Hundred and Fifty-four Thousand Six Hundred Dollars CDN.

“With the completion of this financing we have raised in excess of $3,500,000 since June,” said Chris Frostad, Director & CEO Minera Alamos Inc. “It continues to be our objective to advance the Los Verdes project into production later next year.”

Orex Minerals Inc. reports that it has applied to the TSX Venture Exchange to extend the term of the warrants issued in connection with its September 13, 2013 private placement, currently expiring September 13, 2015. Warrants to purchase 4,114,300 common shares at a price of $0.30 per share will be extended to expire on September 13, 2017, subject to TSX Venture Exchange approval.

“Despite lower than expected quarterly production at the Galena Complex due to a clutch failure on the Galena Hoist, consolidated all-in sustaining costs were at the low end of our guidance and lower than the previous quarter as cost reduction initiatives continued to prove effective,” said Darren Blasutti, President and CEO of Americas Silver. “We expect to make up the 10,000 ton shortfall at Galena in the second half of 2015 which will further reduce cash costs and all-in sustaining costs bringing them below our guidance for the remainder of the year.”

Red Tiger Mining Inc., today announced that all matters set out in our management information circular dated June 25, 2015 for the 2015 Annual Meeting of Shareholders held on July 22, 2015 were approved by shareholders. A total of 81,359,255 shares were voted representing 72.48% of the outstanding shares of the Company.

“Obtaining financing at this low cost of capital is a true testament to and validation of the Parral project’s performance,” said Dana Hatfield, GoGold’s Chief Financial Officer. “This project continues to produce strong free cash flow at today’s depressed metal prices due to its low cash costs, which are some of the lowest amongst silver producers. Today’s financing also means we are now able to advance our Santa Gertrudis project without any shareholder dilution”

México se convirtió en el principal comprador de acero en América Latina, debido al alto consumo del material en la industria automotriz y otras manufacturas, según datos de la firma siderúrgica Ternium.

Fresnillo, que extrae plata y oro desde minas en México, dijo que espera producir entre 715.000 y 730.000 onzas de oro en el 2015, un 6,6 por ciento más que su pronóstico anterior.

Fred Stanford, President and CEO of Torex stated: “Our strategy has always been to get the El Limon-Guajes resource up to 5 million ounces and build the mine, find a second mine on the same property and build that one as well. Progress toward completion of the construction of the ELG Mine continues to be excellent, and this PEA for the Media Luna resource illustrates the potential viability of those resources on the same property both on a commercial and social basis. The conceptual mine design, as proposed in the PEA, is innovative and elegant in the way that it turns technical and social challenges into commercial advantages…”