Tag: Investor’s Corner

Igor Gonzales, President and CEO of Sierra Metals stated: “Q1 2018 represents an inflection point for the Company as we begin to realize returns on our capital investments and operational improvement efforts with improving operating performance in addition to the production of higher value ore, strengthening our asset base, and continuing to increase the mineral reserves and resources at each of our mines.”

“In addition to the initial investment in Golden shares, this agreement will enable us to access capital in the future, if and when we wish, at attractive terms,” commented Golden’s President and Chief Executive Officer, Warren M. Rehn. “This affords the Company greater flexibility to pursue the most advantageous path forward for our El Quevar project, as well as other exploration opportunities.”

“Higher revenues and lower production and royalty costs resulted in $55.1 million of mine operating earnings in the first quarter of 2018, up 68% from the comparable 2017 period. Solid operating performance helped deliver our strong financial results, particularly at Dolores where silver production was up 25% compared with last year and gold production reached a record 34.3 thousand ounces,” said Michael Steinmann, President and Chief Executive Officer of the Company. “Our focus is on improving performance at the San Vicente mine through implementation of mechanized mining methods, and advancing our COSE and Joaquin projects in Argentina. We are well on track to achieve those objectives in 2018.”

New Gold Inc. (TSX:NGD) (NYSE American:NGD) has appointed Raymond Threlkeld as the new President and Chief Executive Officer of the Company. Mr. Threlkeld succeeds Hannes Portmann, who has left the company to pursue other opportunities. Mr. Threlkeld will continue as a member of the Board of Directors.

Jorge A. Ganoza, President, CEO and Director, commented, “We are pleased with our results for the first quarter which provide a good start to 2018 with all our key operating and financial indicators reflecting the strength of our assets.” Mr. Ganoza added, “The Company achieved record silver and gold production along with industry leading margins and cash flow generation.” Mr. Ganoza concluded, “Fortuna´s business strength and liquidity will provide the necessary flexibility to meet funding requirements for the development of the Lindero Project.”

“The Company had a solid first quarter with increases in consolidated revenue, net income, and silver equivalent production with significant decreases in cash costs and AISC,” said Americas Silver Corporation President and CEO Darren Blasutti. “San Rafael continued to ramp up its mining rate and milling rate throughout the quarter while advancing development into the higher-grade Main Zone with the expectation of reaching a milling rate of 1,700 tonnes per day in the second half of the year. Exploration cost of $1.8 million during the quarter was spent primarily on the very successful 12,000-meter drill program at Zone 120 designed to expand and upgrade previously reported resources, expected to be released in Q3, 2018.”

Tawn Albinson, Prospero’s President & CEO said: “Prospero is an explorer; our aim is to find and test new precious metals discoveries. It is very encouraging to have this renewed commitment by Fortuna for first-pass drilling and rapid assessment of as many of our projects as possible. In the context of the current market, the repricing and exercising Fortuna’s warrants is a non-dilutive way for us to secure additional funding for the planned work. It removes warrant overhang and provides a premium-to-market financing.

Fred Stanford, President & CEO of Torex stated: “The Torex team has been tested and strengthened by the challenges that we have managed in the past six months. With those challenges now behind us and with a strong Q1 as a foundation, our eyes are now lifted to the horizon and the opportunities ahead of us to create shareholder value. 2018 promises to be a catalyst rich year, with near term advances in throughput, SART plant start-up, Sub-Sill ramp-up, exploration results, in-fill results at Media Luna, an updated PEA for Media Luna, and advances in underground mining technology that we have been working on. We all look forward to getting on with delivering on these value creating opportunities.”

“Our priorities for 2018 are focused on the further optimization of the performance of the San Francisco Mine, advancing the Ana Paula project and undertaking a review on the opportunities to increase productivity at the Florida Canyon Mine following the expected close of the Rye Patch business combination on May 25, 2018” said Greg McCunn, Chief Executive Officer. “The addition of a second producing mine in Nevada will provide us with increased diversification and is expected to enhance our capital markets profile and appeal to a broader investor base.”

Primero Mining Corp. (TSX:P) today announced that First Majestic Silver Corp. (TSX:FR) (NYSE:AG) (Frankfurt:FMV) has received antitrust clearance from the Comisión Federal de Competencia Económica, which is the final government agency approval required before closing of the previously announced arrangement. Primero anticipates closing of the arrangement on May 10, 2018.