Category: Investor’s Corner

“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.

Baja Mining Corp. is pleased to report that further to its news release on October 6, 2015 announcing settlement of the Donohue class action litigation, a final settlement agreement has been executed by all parties. The Settlement remains subject to the approval of the Ontario Superior Court as described below. The Settlement is made without any admission of liability and the parties have agreed to a settlement amount of CDN $11,000,000.00, inclusive of administration and legal cost of the class, and any other costs or expenses related to the Action or the Settlement. The settlement amount will be covered by Baja’s insurers.

GOLDCORP INC. is pleased to declare its eleventh monthly dividend payment for 2015 of $0.02 per share. Shareholders of record at the close of business on Thursday, November 19, 2015 will be entitled to receive payment of this dividend on Friday, November 27, 2015.

“The Company is pleased to report another quarter of positive results from mining operations. Compared to the third quarter of 2014, our revenues have increased, despite weaker metals prices, as the result of producing and selling more silver equivalent ounces. Our operations and finance teams have continued to do an excellent job of managing costs and controlling expenditures. Our consolidated all-in sustaining cash costs for the quarter decreased to $11.99 compared to $13.01 in the third quarter of 2014, and we will continue to seek out opportunities to further reduce costs and improve efficiencies. ….,” stated Malcolm Davidson, CFO.”

Jorge A. Ganoza, President and CEO, commented, “Our operation at San Jose continues to outperform, enabling the company to sustain positive financial results amidst an extremely challenging metal price environment. Our teams continue to focus on running our operations efficiently, optimizing mine plans and increasing margins per tonne.” Mr. Ganoza added, “With the commissioning of the San Jose expansion to 3,000 tpd in mid-2016, the company will further improve its operating margins and cash flow generation.”

McEwen Mining Inc. announces that while it is continuing to consider internal and external candidates for the position of Chief Financial Officer, the Board of Directors has appointed Rob McEwen as Interim Chief Financial Officer.

Oceanus Resources Corporation and El Tigre Silver Corp. are pleased to announce that El Tigre received the overwhelming approval of its shareholders at the special meeting held today to consider the previously announced acquisition of El Tigre by Oceanus by way of a plan of arrangement under the Business Corporations Act (British Columbia).

“Odyssey has made significant progress this quarter towards the planned transformation of our company that we have been discussing since March of this year. The environmental permit process is well underway in Mexico. A well-attended public hearing for the project was held in October to solicit questions from interested parties. Written responses are currently being prepared for SEMARNAT using the extensive scientific data and testing conducted over the past several years,” said Mark Gordon, Odyssey Chief Executive Officer.

Silver Spruce Resources Inc. announced today that the Company will not proceed with arrangement of the non-brokered private placement as previously announced in its media release dated September 28, 2015. The Board has opted to withdraw this price reservation in favor of filing new documents with TSXV for a non-brokered placement of up to 13,333,333 Units for gross proceeds of up to $1,000,000.