Category: Investor’s Corner

Bruce Bragagnolo, CEO of the Company, stated “We reached a record stacking rate for the quarter of 24,754 tonnes per day. The increase in throughput has helped to offset the decrease in grade from the prior year. Gold recoveries are projected to be faster in Q3 2015 as we move from the top of the current pads to new pads. Construction of new leach pads is complete and the Company is now stacking ore on the new pads. This will result in faster recoveries in H2.

Morro Bay Resources Ltd. announces that it is arranging a non-brokered private placement for a minimum of 1,000,000 and a maximum of 40,000,000 units. Each unit will be comprised of one common share of the Company and one common share purchase warrant.

“With continued strong operating performance, favourable local currency foreign exchange rates, and near-term opportunities to increase production at several of our mines, we remain well-positioned to manage the current price volatility in the gold market”, said Sean Boyd , Agnico Eagle’s Chief Executive Officer. “In these challenging times, we will continue to focus on reducing costs and we will remain measured in our approach to managing and growing our business”, added Mr. Boyd.

Keith Neumeyer, Chairman of First Mining stated, “We welcome Derek as a new member of our management team. His experience, contacts, and knowledge with leading investor relations initiatives in the mining sector will be important as we continue to build our team and grow shareholder value through mineral asset acquisitions.”

“The second quarter further solidified our company’s strong start to the year,” stated Randall Oliphant, Executive Chairman. “Our gold production year-to-date has been consistent with our plans. After investing in the mill expansion and waste stripping at our open pit operations in the first six months of 2015, we are now positioned to benefit from higher gold production coupled with lower costs in the second half of the year. At the same time, we further increased our financial flexibility by $175 million with the recently announced Rainy River streaming transaction. We look forward to the acceleration of construction activity at Rainy River through the remainder of this year and into 2016.”

“In the second quarter of 2015 we continued our focus on flexibility and execution,” said Darren Pylot, President and CEO of Capstone. “We maintained our financial flexibility by entering into zero-cost collars for 36,000 tonnes of copper production at a minimum price of US$2.60 per pound to the end of Q3 2015 to ensure we can execute our 2015 capital program in this difficult copper price environment.”

“We are delighted to welcome Ned back on the Board,” stated Brendan Cahill, President and Chief Executive Officer. “His experience as an industry leader and company builder is invaluable. He returns to the Board at a vital time, as we upgrade Platosa into one of the lowest cost silver mines in the industry and position the Company to take full advantage of the opportunities afforded by current market conditions.”

Mr. Babcock is a second generation Professional Mining Engineer with over 34 years of experience in mine production management, project development, engineering, exploration and mine consulting in precious, base metals and aggregate operations in the Americas. He was most recently COO at Jaguar Mining and has previously worked for Nyrstar, Breakwater Resources, Coeur Mining Inc., Milpo, The Hochschild group in Peru, Muscocho Explorations, and The Noranda Group. Gordon holds a degree in Mining Engineering from Queen’s University and is an active member of the Association of Professional Engineers of Ontario, CIM and AIME.

Gold Resource Corporation declares its monthly instituted dividend of $0.01 per common share for July 2015 payable on August 24, 2015 to shareholders of record as of August 11, 2015. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA.

First Majestic Silver Corp. and SilverCrest Mines Inc. are pleased to announce that the companies have entered into a definitive agreement pursuant to which First Majestic has agreed to acquire all of the issued and outstanding common shares of SilverCrest for consideration of 0.2769 of a common share of First Majestic plus C$0.0001 in cash per SilverCrest common share…