Category: Investor’s Corner

United States Antimony Corporation reported net income of $440,028 on Q1 2015 on sales of $2,947,381, compared to a loss of $358,170 in Q1 2014 on sales of $2,952,314. The profit was due to a negotiated adjustment of $914,770 to the Company’s cost of raw materials. The price of antimony metal was at a multi-year low of $3.60 in January on the London Metal Exchange and is now at $3.91 reportedly due to the closure of numerous antimony smelters in China last month.

McEwen Mining Inc. is pleased to report our financial results for the three months ended March 31, 2015. Reported earnings from mining operations were $17.2 million with cash flow from operations of $5.6 million. Our gold equivalent production was 33,434 ounces at total cash costs and all-in sustaining costs of $674 and $948 per ounce respectively.

Frederick H. Earnest, President and Chief Executive Officer, commented, “With the funding obtained from non-dilutive sources in the first quarter of the year, we now have a much stronger balance sheet and are better able to sustain our planned activities…

Alta Vista Ventures Ltd. reports that it intends to extend the expiry date of 6,100,000 warrants from May 29, 2015 to May 29, 2016 with no change to the exercise price of $0.075.

Corex Gold Corp. is pleased to announce a non-brokered private placement of up to 13,000,000 units at a price of CAD$0.05 per unit, for aggregate gross proceeds of up to CDN $650,000. Each Unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant will be exercisable by the holder to acquire one additional common share at a price of CAD$0.15 for a period of twenty four months following the closing of the financing.

Silver Shield Resources is pleased to announce that effective immediately, the Ontario Securities Commission, British Columbia Securities Commission and Alberta Securities Commission have granted a full revocation of the cease trade orders that were previously filed against the Corporation in Q2 of 2014.

First Quantum Minerals Ltd. today announced that the nominees listed in its Management Information Circular for the 2015 Annual General Meeting of Shareholders were elected as directors of First Quantum.

“The Company delivered solid results for the first quarter of 2015,” stated Gold Resource Corporation’s CEO and President, Mr. Jason Reid. “Even with precious metal prices down significantly year over year, operations generated net income of $5.1 million, or $0.09 per share for the quarter. The Company is still focused on cost cutting measures and the benefit of these is evident as total cash cost per ounce AuEq was $416 for the quarter. The Company remains on track to meet its annual production outlook of 80,000 to 90,000 ounces of precious metal gold equivalent at a 64.1 to 1 ratio.”

Argonaut Gold Inc. is pleased to announce the results of its annual and special meeting of shareholders held May 5, 2015.

Jorge A. Ganoza, President and CEO, commented, “We have made an excellent start to the year operating well within our production and cost guidance and look forward to a year of execution on our key expansion project at the San Jose mine.” Mr. Ganoza continued, “On March 30th we announced the expansion our credit facility to $60 million giving us access to liquidity of over $130 million, providing significant additional financial flexibility in this period of growth for the Company.”