“The divestiture of Minto will allow us to focus our resources on opportunities that will have a more meaningful impact on the long-term growth of the company,” said Darren Pylot, President and Chief Executive Officer of Capstone. “This agreement is consistent with our continuing efforts to deliver shareholder value by focusing on our core assets and allows us to further strengthen our balance sheet. Minto has been an important part of the development of Capstone and we are optimistic for the future of Minto under Pembridge’s stewardship.”

Net earnings were $242 million, or $0.28 per share, compared to net earnings of $101 million, or $0.12 per share, for the fourth quarter of 2016. Operating cash flows for the fourth quarter of 2017 were $511 million compared to $239 million for the same period in the prior year. Adjusted operating cash flows were $401 million for the fourth quarter of 2017 compared to $306 million for the same period in the prior year.

“We are very pleased with our results for the year, with adjusted earnings and EBITDA of $2.6 billion and $5.7 billion, respectively,” said Don Lindsay, President and CEO. “With our strong operating results, we achieved record revenues and cash flow from operations in 2017. Our financial position is very strong and with the startup of Fort Hills and favourable markets for our key products, we are well positioned for the coming year.”

“The Company now has a strong balance sheet with no debt, production growth with lowering costs, and is well positioned to strengthen and advance its business.” said Brad Langille, CEO.

San Marco Resources Inc. announces the engagement of Paul MacDonald to serve as Investor Relations Consultant to the Company on a non-exclusive basis for a period of one year commencing February 14, 2018.

IMPACT Silver Corp. is pleased to announce the appointment of Jerry Huang to the position of Acting Chief Financial Officer, effective February 13, 2018.