“Our mines continue to demonstrate their position amongst the highest quality silver mines in the world, adding silver reserves for the 10th consecutive year using one of the lowest price assumptions in the industry and after replacing the 11.6 million ounces of silver production,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “The strength of our mineral resources, particularly at Greens Creek, and the historically high conversion rate at all the mines, give us confidence that we can continue to add reserves in the coming years.”

Kootenay President and CEO James McDonald stated: “We are very excited to join forces to aggressively develop our Promontorio Mineral Belt assets with Pan American, one of the world’s esteemed mining companies and operators of seven silver mines in Mexico, Argentina, Peru and Bolivia. Bringing approximately US$16 million in cash payments and exploration investments and a carried interest to commercial production, along with a CDN$2 million direct investment in Kootenay, the PAS Transactions underscore Pan American’s confidence in the potential viability of La Negra and the Promontorio Mineral Belt. The PAS Transactions serve as catalyst and a strong complement to our new consolidation plan with Northair Silver, providing the amalgamation with greater financial strength and flexibility to focus on the advancement of the La Cigarra silver asset and to pursue further potential consolidation and growth opportunities in the sector.”

Goldgroup Mining Inc. announces it has issued 4,691,000 common shares at a deemed price of $0.06 per Share to satisfy debt owing to Oroco Resource Corp. in the amount of US$200,000.

GoGold Resources Inc. is pleased to announce the release of financial results for the quarter ending December 31, 2015. The Company recorded revenue of $3 million from the sale of 219,292 silver equivalent ounces at a cash cost of $6.54 per silver equivalent ounce.

Americas Silver Corporation is pleased to announce that it has closed the previously announced subordinated credit facility with its two existing lenders and equity holders for a principal amount of U.S. $2.9 million. The New Credit Facility has a 12 month term with interest to accrue from closing at a rate of 10% per annum payable quarterly in cash or shares (at the option of the lenders at the then market price and subject to TSX approval) with the full principal balance due on maturity. The New Credit Facility is subject to an inter-creditor agreement between the Company’s existing lenders and ranks in priority behind the roughly U.S. $6.0M in senior secured notes and equally with the U.S. $1M in junior secured notes. In connection with the New Credit Facility, the Company has issued 30,000,000 common share purchase warrants divided between the lenders with a term of 3 years and an exercise price of $0.10 and adjusted the exercise price of the existing 24,321,111 warrants already held by the lenders in connection with prior financings to $0.10 with all other terms remaining unchanged.

Sierra Metals Inc. is pleased to report a positive outcome in the legal dispute between Polo & Ron Minerals and Dia Bras Exploration Inc., and Dia Bras Mexicana a subsidiary of Sierra Metals, that holds its Bolivar and Cusi properties in Mexico.

Jason Weber, President & CEO of Alianza, commented “We have a diverse project portfolio of base and precious metal projects in excellent jurisdictions. We will continue to add to this portfolio in preparation for a market turn-around, so that we are ready to move quickly as our potential partners are able to fund exploration projects to make new discoveries.”

“The announcement of today’s debt restructuring, along with the decision to lock in our $5.0 million gain on our BAML lead and zinc hedge, and to push out the settlement of the revolving credit line by three years, immediately improves the Company’s working capital position and provides significant financial flexibility to continue pursuing our corporate objectives,” stated Keith Neumeyer, President and CEO. “Our strengthened balance sheet and diverse portfolio of producing silver mines provides us with the opportunity to access funds at a low cost of capital.”