Category: Investor’s Corner

Frederick H. Earnest, President and Chief Executive Officer, commented, “We have worked hard to ensure the Company remains funded without diluting our shareholders, and I am enthusiastic about our success and the opportunities it affords us. With our improved balance sheet we believe we are able to fund our currently planned activities into 2018, and we still have opportunities to access additional financing from non-dilutive sources such as the sale of our used mill equipment and the monetization of our other non-core assets. ..”

Arian Silver Corporation advises that in accordance with the respective rules of the Toronto Venture Stock Exchange and AIM, trading on TSXV will resume approximately 30 minutes after the time of this announcement; the trading suspension on AIM remains in effect pending a further announcement regarding the Company’s financial position.

Canarc Resource Corp. is pleased to announce that Mr. Akiba Leisman has accepted an invitation to join the board of directors of Canarc, effective on the closing of the Oro Silver Resources Ltd. acquisition agreement signed Oct 8, 2015.

GOLDCORP INC. today reported record third quarter gold production of 922,200 ounces, an increase of 42% compared to gold production of 651,700 ounces in the third quarter of 2014. Adjusted quarterly revenues were $1.3 billion. Adjusted operating cash flow was $374 million, compared to $399 million for the third quarter of 2014. Free cash flow was $243 million, compared to negative free cash flow of $355 million for the third quarter of 2014.

Arian Silver Corporation, a silver mining company focused on silver projects in the silver belt of Zacatecas, Mexico, announces that further to its announcement on 22 September 2015 of the signing of a letter of intent and non-binding term sheet with Quintana AGQ Holding Co. LLC, discussions with Quintana and its affiliates are on-going, but that notice has been received from Quintana to terminate the letter of intent in accordance with its terms.

“This has been a trying year for the industry; however, we have continued to perform at the mine reporting net income overall and operating cash flow for the year while also making significant corporate acquisitions that have expanded our base of exploration properties and furthered our resources,” reported Robert Eadie, President of the Company.

The proceeds from the Private Placement are expected to be used by the Company for the purchase of new underground mining equipment, general working capital and corporate purposes. All shares issued will be subject to a four month hold period.

Marlin Gold Mining Ltd. is pleased to announce that it has repaid the final $5 million of principal due to the Sprott Resource Lending Partnership. This was the only secured debt and only third-party debt held by the Company. Marlin has entered into an amended and restated loan agreement providing the Company with a US$5.5 million increase to its existing unsecured facility from entities controlled by Wexford Capital LP, Marlin’s controlling shareholder. The aggregate principle of the Facility is now US$25 million. The maturity date of the Facility is January 15, 2017 and will accrue interest daily at a rate of 15% per annum.

Mexican mining company Penoles on Wednesday reported a third-quarter net profit of 155.6 million pesos ($9.19 million), down 86.6 percent from the same period a year earlier as a slump in the peso pushed up costs.

RESUMEN EJECUTIVO En el 3T/15 los precios de los metales que Peñoles produce y vende fueron en promedio, significativamente inferiores a los registrados en el 3T/14 (en términos de dólares): oro (-12.3%), plata (-24.7%), plomo (-21.5%), zinc (-20.2%) y cobre(-24.9%). El efecto adverso de los menores precios en los ingresos de la Compañía fue mitigado por mayores volúmenes vendidos de todos los metales, así como por mayor tipo de cambio del peso frente al dólar americano (que se depreció un 25.1% en promedio) lo que benefició las ventas expresadas en términos de pesos. En las operaciones mineras, la producción de oro fue superior debido a los mayores volúmenes recuperados en Herradura, el mayor mineral depositado en Noche Buena y mayor volumen procesado en Saucito…