Category: Investor’s Corner

“Our third quarter results provide further evidence that our strategic initiatives are dramatically reshaping the Company,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer.

Denis Larocque, Chief Executive Officer of Major Drilling Group International Inc. is pleased to announce that following an external search in which he was a candidate, Mr. David Balser, currently VP Finance, has been promoted to the position of Chief Financial Officer. As well, Mr. Larocque is pleased to announce the promotions of Marc Landry to the new position of VP – IT and Logistics, and Ben Graham to the new position of VP – HR and Safety.

Endeavour CEO Bradford Cooke commented, “Given the falling precious metal prices this year, management has continued to focus on reducing costs and improving productivity at each of our mines, with significant success. Over the past five quarters, we have reduced our consolidated operating costs per tonne by 28% from US$103.58 down to US$75.07. Our operations team can take great pride in their accomplishments resulting from our philosophy of continuous improvement. We expect to meet or beat our guidance on all operating metrics for 2015.”

Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to announce that it has arranged a fully subscribed financing of C$6,000,000 through the private placement of secured convertible debentures of the Company and the sale of a net smelter return royalty on the Platosa Project. The proceeds from the Financing will be used to immediately begin implementing the previously announced Optimization Plan at the Platosa Mine (see press release dated June 2, 2015) and for general corporate purposes. References to principal amounts and conversion or exercise prices in respect of the Financing are in Canadian dollars.

San Marco Resources Inc. announces that it has completed its warrant exercise incentive program respecting warrants issued under two non-brokered private placements in 2014 and 2015. Under the program, 2,353,000 warrants were exercised at $0.05 per share for proceeds of $117,650 and 2,353,000 non-transferable “incentive” share purchase warrants, entitling the holder to acquire one common share at an exercise price of $0.05 until October 16, 2018, were issued.

Marlin Gold Mining Ltd. announces that it has today completed the sale of all of the shares of Oro Silver Resources Ltd. to Canarc Resource Corp. pursuant to a share purchase agreement entered into with Canarc on October 8, 2015. Oro Silver indirectly holds the El Compas Gold-Silver Mining Project in Zacatecas, Mexico.

Aurcana Corporation announces that it is today commencing proceedings under the Canada Business Corporations Act to implement the restructuring transaction announced by the Company on October 16, 2015 under which all of the Company’s debt obligations to Orion Mine Finance (Master) Fund I L.P., as lender under the Company’s amended and restated senior secured credit facility dated April 29, 2014, will be extinguished.

Orex Minerals Inc. announces that it has granted 250,000 incentive stock options to a consultant to purchase 250,000 shares in the capital of Orex at an exercise price of $0.20 per share and with a two year term. The options will vest immediately.

Colibri Resource Corporation is pleased to announce that it intends to carry out, subject to approval from the TSX Venture Exchange, a non-brokered private placement of up to 1,666,667 common shares of the Company at a price of $0.03 per Share for gross proceeds of up to $50,000 .

YAMANA GOLD INC. declares a fourth quarter 2015 dividend of $0.015 per share. Shareholders of record at the close of business on December 31, 2015 will be entitled to receive payment of this dividend on January 14, 2016. The dividend is an “eligible dividend” for Canadian tax purposes.