Category: Investor’s Corner

West Melville Metals Inc. announces today that the directors have approved a consolidation of the Company’s issued and outstanding common shares at a ratio of one new share for ten old shares. The Company currently has 52,605,451 common shares outstanding and after the consolidation of its share capital will have 5,260,545 outstanding.

BACANORA MINERALS LTD. is very pleased to announce the appointment of Mr. Peter Secker as the new Chief Executive Officer of the Company. Mr. Secker has over 30 years’ experience in developing, constructing and operating mines, and most recently, has direct experience of working with lithium projects. His appointment as CEO is in line with the Company’s strategy to continue to advance its pre-feasibility studies and to continue to evaluate and progress its path towards production for both the Sonora Lithium Project and the Magdalena Borate Project in Mexico…

United States Antimony Corporation reported that its Mexican subsidiary, USAMSA, has received IMMEX certification. This allows the Company to import raw materials without paying a 16% value added tax as long as it exports 60% of the value of the raw materials in a twelve month period.

As previously announced, AuRico Gold Inc. has entered into a definitive agreement with Alamos Gold Inc. to combine their respective companies by way of arrangement. Under the terms of the Merger, and subject to adjustment as provided in the Arrangement Agreement between the Company and Alamos, holders of Alamos shares will receive, for each share held, 1 share in the combined company and US$0.0001 in cash, and holders of AuRico shares will receive, for each share held, 0.5046 MergeCo shares. Currently, the parties expect the effective date of the Merger to occur in July, 2015.

Almaden Minerals Ltd. announces that, further to its news releases dated October 21, 2014, December 15, 2014 and March 2, 2015, the Company has filed its Notice of Annual General and Special Meeting of Shareholders and the related Management Information Circular which describes, amongst other things, the proposed spin-out of Almaden’s early stage exploration projects, royalty interests and certain other assets, into a new public company to be called Almadex Minerals Limited.

Fred Stanford, President and CEO of Torex said: “With construction at 60% complete at the end of April and with mining ahead of schedule with 700,000 tonnes in stock pile, we are well on track for our first gold pour by the end of this year. A total of 1,200 direct construction workers are currently at the main processing plant site and approximately 3,000 workers are involved in the project site as a whole…

MAG Silver Corp. announces the Company’s unaudited financial results for the three months ended March 31, 2015. For complete details of the first quarter unaudited Condensed Interim Consolidated Financial Statements and related Management’s Discussion and Analysis, please see the Company’s filings on SEDAR (www.sedar.com) or on EDGAR (www.sec.gov). All amounts herein are reported in United States dollars unless otherwise specified.

“Production and costs during the first quarter were a marked improvement from the fourth quarter of 2014,” stated Brendan Cahill, President and Chief Executive Officer. “We continue to identify further opportunities to reduce costs, particularly on electrical and maintenance at the mine and on corporate G&A. Our primary focus right now is on the planning and implementation of the long-term optimization plan for Platosa, with a preliminary economic assessment on the plan scheduled to be released during this quarter.”

BIG NORTH GRAPHITE CORP. is pleased to announce that it intends to complete a non-brokered private placement of up to 7,000,000 units at a price of $0.07 per Unit, for gross proceeds of up to $490,000. Each Unit will consist of one common share and one half common share purchase warrant. Each full Warrant will entitle the holder thereof to purchase one Share at an exercise price of $0.10 for a period of 24 months following the closing of the Offering.

Mark Brennan, President and CEO of Sierra Metals, commented: “The Company’s exceptional production and low production costs helped mitigate a downturn in metal prices during the first quarter. We were still able to achieve strong revenues and operating cash flows to further strengthen our balance sheet and financial outlook. The continued production growth at our three operating mines provides Sierra with a strong outlook for the remainder of 2015.”…