Goldcorp Announces Sale of Los Filos Mine

GOLDCORP INC. today announced that the Company has entered into a share purchase agreement with Leagold Mining Corporation, pursuant to which it has agreed to sell its Los Filos Mine in Mexico to Leagold. Under the terms of the Agreement, Goldcorp will receive estimated consideration of $438 million, consisting of $279 million in cash, $71 million in Leagold common shares, and retain certain tax receivables of approximately $88 million. The common shares issued to Goldcorp as consideration are expected to represent approximately 30% of the issued and outstanding shares of Leagold following the closing of the Transaction. By closing of the Transaction, Goldcorp expects to recognize a reversal of a 2015 impairment in mining interests at Los Filos of approximately $30 to $60 million on a pre-tax basis.

Leagold Mining to acquire Los Filos from Goldcorp as its first gold mine

Leagold Mining Corporation is pleased to announce that it has entered into a binding sale and purchase agreement with Goldcorp Inc. dated January 11, 2017 to acquire the Los Filos Gold Mine in Guerrero State, Mexico for US$350 million through the purchase of Goldcorp’s Desarrollos Mineros San Luis S.A. de C.V. subsidiary. The purchase price is made up of US$279 million in cash and US$71 million in common shares of Leagold. Based on Leagold’s transaction financing plan, Goldcorp is expected to become an approximate 30% shareholder of Leagold at completion of the Acquisition. Goldcorp will have the right to nominate a director to Leagold’s Board at completion of the Acquisition.

Timmins Gold Reports Production of 100,322 Gold Ounces for 2016, Surpassing Upwardly Revised Guidance

“We are very pleased with our operating performance in the fourth quarter and for the year 2016,” stated Arturo Bonillas, President of the Company. “Gold ounces produced in the fourth quarter were 25,287, bringing the total to over 100,000 ounces for the year and putting us through the upper end of our guidance which had been revised higher during the year. We would like to acknowledge our dedicated team at the San Francisco Mine for their commitment and efforts during what began as a challenging year.”

Silver Standard Reports Fourth Quarter 2016 Production Results and 2017 Guidance

Paul Benson, President and CEO said, “Our production results continue to demonstrate the strength of our operating portfolio, following the successful acquisition of the Seabee Gold Operation earlier this year. I commend our mines and their respective teams for delivering to or exceeding their operating plans. Our fourth quarter production of over 110,000 gold equivalent ounces is a strong finish to a very successful year. These results are underpinned by our operational excellence program, commitment to safe production and strong balance sheet positioning us to continue creating shareholder value in 2017.”

Kootenay Announces Results from Channel Sampling Program on Adit in San Gregorio Zone at La Cigarra Silver Project, Mexico

James McDonald, President & CEO of Kootenay Silver stated, “We are very pleased with the latest exploration data we have gained from the San Gregorio underground adit. Results from the current program, combined with our ongoing re logging efforts and previous data we have obtained through prior exploration programs, support our effort to design a drill program to test the extensions of the current resource, which remains open along strike and to depth. Upon completion of the prerequisite work, we look forward to initiating a drill program aimed at expanding our established silver resource, starting sometime in the first quarter of 2017.”

Great Panther Silver Reports Fourth Quarter And Annual 2016 Production Results And Provides 2017 Outlook

“Metal production was down for the fourth quarter and 2016 due to lower grades at San Ignacio and to shutdowns at Topia, with the most recent to accommodate tailings expansion and plant improvements,” stated Robert Archer, President & CEO. “The increased output from San Ignacio did result in a second consecutive annual record for gold production, and recent preliminary drill results from San Ignacio indicate that grades are likely to improve as we continue to the southeast. In addition, with the upgrades at Topia and the recently signed agreement to purchase the Coricancha Mine in Peru, we expect 2017 to be a very exciting time for Great Panther Silver as we position ourselves for production growth in future years.”

Capstone Mining Reports Record 2016 Production

“Capstone’s 2016 consolidated copper production exceeded guidance, driven primarily by outperformance at Pinto Valley and Minto,” said Darren Pylot, President and CEO of Capstone. “Record setting production at both these operations contributed to a year of exceptional operating performance.”

Premier Gold Mines Provides Exploration Update

“Premier Gold has a long-standing commitment to exploration that has resulted in several significant discoveries” commented Premier President & CEO Ewan Downie… “This commitment will continue during 2017 where we expect our largest annual exploration budget in company history with no less than US$18.5 million being spent on programs expected to have a direct, near-term impact on future production and on our peer-best development pipeline.”

Fortuna reports 2016 production of 10.2 million silver equivalent ounces and issues guidance for 2017

Jorge A. Ganoza, President and CEO, commented: “We leave behind a year of important achievements with the successful expansion of our San Jose Mine to 3,000 tpd and the acquisition of the Lindero gold Project in Salta, Argentina. Lindero adds 1.5 million ounces of gold reserves to our existing inventory and positions Fortuna for its next leg of growth.” Mr. Ganoza continued, “In 2017, our expansion plans are going to be underpinned by our solid low-cost production base providing financial flexibility to execute engineering and development plans for Lindero and continue exploring for new compelling precious metal opportunities in the Americas and abroad.”

Cyprium Mining Corporation Provides Corporate Update

Cyprium Mining Corporation announces the appointment of Mr. Patrick Tributsch as director. Mr. Tributsch is currently Executive Director for UBS Switzerland. He has studied economics and corporate finance whilst specializing in the banking industry. Mr. Tributsch started his career in the banking industry in 1993. The board of directors now consists of Mr. Alain Lambert, Adrian Morger and Patrick Tributsch. Trading in the Company’s common shares on the TSX Venture Exchange had been recently halted, given the fact that the Company only had two directors.

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