Category: Investor’s Corner

Kootenay Silver Inc. is pleased to announce it has initiated the maiden NI 43-101 resource estimate including a metallurgical study at the La Negra silver discovery located in Sonora, Mexico. In addition to the resource estimate and metallurgical work, the company announces a non-brokered private placement of up to 5 million units at a purchase price of $0.30 per Unit, for aggregate gross proceeds to Kootenay of up to $1,500,000.

NWM Mining Corporation announces that at the Company’s Annual General and Special Meeting held on July 15, 2015, the shareholders of the Company approved the Company’s proposed plan of arrangement under the Business Corporations Act (Ontario) involving GFM Minera S.A.P.I. de C.V. and one of its affiliates, and the Company’s lender, Global Resource Fund, as previously disclosed in the Company’s news release dated June 8, 2015. Pursuant to the Arrangement, GFMM will acquire each outstanding common share of NWM for cash consideration of C$0.005.

Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to announce the filing of a National Instrument 43-101 technical report for the independent preliminary economic assessment by Roscoe Postle Associates Inc. on the proposed optimization project for the Company’s Platosa Mine in Durango, Mexico.

“Higher grades and recoveries at Greens Creek during the quarter continued to improve the mine’s already strong performance,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “For a mine producing over 7 million ounces of silver a year, an 8% increase in silver recovery is a significant value driver, especially when coupled with the higher grades. We expect these recoveries and grades to continue at Greens Creek through the remainder of the year.”

Azure’s Managing Director, Mr Tony Rovira said: “The North American capital markets are a natural fit with Azure’s Mexican projects and a key priority in providing long term support for our growth objectives. Participation in Azure from this leading U.S. institutional investor is particularly pleasing and complements the investment by our largest shareholder Drake Investments Inc., indicating confidence in our programs and potential for success.

Morro Bay Resources Ltd. is pleased to announce it has closed its Private Placement previously announced April 6, 2015. The Private Placement consisted of the issuance of a total of 10,580,000 Units at a price of $0.05 per unit for gross proceeds of $529,000.

Golden Minerals Company announces results of mining activities for the second quarter 2015 of approximately 125,000 ounces of payable silver equivalent, in line with the first quarter 2015.

Pete Dougherty, Argonaut Gold’s President and CEO, said “I am pleased with the progress at all of our properties as we advanced production and exploration efforts. We built a strong cash position during the first half of the year which allowed us to make the final payment on the San Agustin property. At June 30, 2015 we had $44 million in cash after investing $22 million into capital projects during the first half of 2015, and making the $23 million payment for San Agustín…”

Fortuna Silver Mines Inc. is pleased to announce second quarter production figures from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The company produced 1.7 million ounces of silver, 9,032 ounces of gold and significant base metal by-products. Silver and gold production for the first six months of the year totaled 3.3 million and 18,771 ounces respectively; reflecting 51 percent and 53 percent of the company’s annual guidance. Fortuna is on schedule to produce 6.5 million ounces of silver and 35.3 thousand ounces of gold or 8.6 million ounces of Ag Eq in 2015.

McEwen Mining Inc. is pleased to announce record quarterly production at the El Gallo Mine in Mexico of 17,325 gold equivalent ounces, 15% above guidance for the quarter. On a consolidated basis, gold production for the quarter was 39,164 gold equivalent ounces.