Category: Investor’s Corner

Production is steadily getting back on track at Platosa,” stated Brendan Cahill, President and Chief Executive Officer. “We have further development work ahead of us to resume production rates of 200 tonnes-per-day, but our team continues to identify areas where costs can be further reduced or streamlined, which will serve us well going forward. The greatest opportunity at Platosa continues to be the improved water management system we have been developing, which we expect to provide an update on in the near term.”

“Our ongoing focus on cost management and operational performance, aided by the strong U.S. dollar, is enabling our diversified business to withstand the generally weak commodity price environment, allowing all of our operations to generate positive operating cash flows after our sustaining capital spending,” said Don Lindsay, President and CEO.

Alain Lambert, Chairman of the Company stated: “With the financing announced today we have now completed CDN $1,500,000 of financings in the last five days. The small equity financing we closed today is in addition to the US $1 million first tranche financing disbursed on Friday April 17. Friday’s disbursement is part of a larger US $4.5 million which we announced in early March…

Alamos Gold Inc. today announced the closing of its previously announced non-brokered private placement pursuant to which Alamos subscribed for approximately 27.9 million common shares of AuRico Gold Inc., representing approximately 9.9% of AuRico’s outstanding common shares after giving effect to the private placement. The common shares were acquired at a price of US$2.99 per share, equal to AuRico’s closing price on the New York Stock Exchange on April 10, 2015, for total gross proceeds to AuRico of approximately US$83.3 million.

AuRico Gold Inc. today announced the closing of its previously announced non-brokered private placement pursuant to which Alamos Gold Inc. subscribed for approximately 27.9 million common shares of AuRico, representing approximately 9.9% of AuRico’s outstanding common shares after giving effect to the private placement. The common shares were acquired at a price of US$2.99 per share, equal to AuRico’s closing price on the New York Stock Exchange onApril 10, 2015, for total gross proceeds to AuRico of approximately US$83.3 million.

“Despite the integration and some difficult restructuring in Mexico, we had a very solid operational quarter as both mines performed at or above budget,” said Scorpio Mining President & CEO Darren Blasutti. “For the remainder of the year, we will stay focused on further reducing costs and improving productivity across the organization while continuing to ramp up silver-lead production at the Galena Complex.”

Paramount Gold and Silver Corp. announced today that the proposals related to the merger agreement with Coeur Mining, Inc. were approved by both Paramount and Coeur stockholders and that the transaction has closed. Immediately prior to the consummation of the merger, Paramount distributed pro rata to its stockholders 8,101,371 shares of Paramount’s wholly-owned subsidiary, Paramount Gold Nevada Corp. SpinCo is expected to begin “regular way” trading on the NYSE MKT on April 20, 2015 under the symbol “PZG”, CUSIP number 69924M109.

Marlin Gold Mining Ltd. is pleased to provide an update in relation to its previously announced non-brokered private placement of common shares. Pursuant to the Equity Offering, Marlin expects to issue up to 16,250,000 common shares at a price of $0.56 per Common Share for aggregate gross proceeds of up to approximately $9,100,000.

“Everybody likes copper because there is not much of it,” said Menno Sanderse, a mining analyst at Morgan Stanley.

Andre St Michel, President and CEO of Cyprium commented: “The closing of the first tranche of our US $4.5 million financing is a significant milestone for our company. This first disbursement is closely linked to the upcoming start of our milling operations at the 100 tons per day flotation processing plant we operate in Aldama, Mexico….