Tag: Investor’s Corner

Almadex Minerals Limited (TSX-V:AMZ) (OTCQX:AXDDF) announces that, further to its news release dated February 26, 2018, the Company has mailed and filed its Notice of Special Meeting of Shareholders and the related Management Information Circular which describes, amongst other things, the proposed spin-out of Almadex’s early stage exploration projects, royalty interests and certain other assets, into a new public company.

Gold Resource Corporation (NYSE American: GORO) reports preliminary production results for the first quarter ended March 31, 2018 of approximately 6,647 ounces of gold, 425,884 ounces of silver and significant base metals. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA.

Oroco Resource Corp. (TSXV: OCO) is pleased to announce that, due to the private placement previously announced on April 11, 2018 being oversubscribed, but not yet closed, it is increasing the Private Placement by an additional 1,500,000 units. The increased private placement will now comprise up to 9,000,000 units at a price of $0.10 per unit to raise gross proceeds of up to $900,000. Terms and conditions, and use of proceeds of the Private Placement remain as announced on April 11, 2018.

Monarca’s mineral properties continue to be in good standing. Monarca will stay the course by concentrating on Tejamen, our flagship property, while searching for other properties like San Jose that have not been subject to modern exploration techniques and provide the opportunity to secure a large prospective land position at reasonable cost. Monarca is working other iniatives that will be announced if and when they materialize.

Por octavo año consecutivo, México se ubicó como líder productor mudial de plata con u voluen de 196.4 millones de onzas en 2017, informó Johann Wiebe, analista principal de demanda de metales de GFMS Thomson Reuters, al presentar la Encuesta Mundial de Plata 2018 (World Silver Survey 2018).

McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) reports consolidated production for Q1 2018 of 35,069 gold ounces and 695,651 silver ounces, or 44,344 gold equivalent ounces using a 75:1 gold to silver ratio.

“La estabilidad macroeconómica fue un factor determinante para atraer inversión y consolidar el sector minero. Durante el periodo 2013-2018 México recibió más de 163 mil millones de dólares en inversión extranjera directa, una cantidad mucho mayor a la registrada los seis años anteriores”, comentó Mario Alfonso Cantú, subsecretario de Minería de la Secretaría de Economía en el México Mining Forum 2018.

Fortuna Silver Mines, Inc. (NYSE: FSM) (TSX: FVI) is pleased to report first quarter 2018 production results from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The Company produced 2.4 million ounces of silver and 15,041 ounces of gold or 3.4 million Ag Eq1 ounces, plus base metal by-products. Fortuna is on schedule to meet annual production guidance of 8.3 million ounces of silver and 48.3 thousand ounces of gold or 11.4 million Ag Eq ounces in 2018.

William Murray, the Chairman of Prospero said: “Prospero’s plan for the coming field season is to continue value-added work to our existing project portfolio, and to finalise arrangements to acquire more projects. The ‘first-pass’ drilling of three projects in 2017 with strategic partner Fortuna Silver essentially validated Tawn Albinson’s exploration strategy for epithermal systems. Pachuca SE, for example, was totally blind at surface, and yet all three holes have identified extensive mineralised structures. We now look forward to the continuation of this rapid assessment exploration approach on three other projects, namely Buenavista; Trias and Bermudez. This private placement is an important first step toward raising what we hope will be sufficient funding for roughly 6,000m of core drilling during 2018.”

Kiran Patankar, President and CEO, stated: “Equity market conditions remain challenging for junior mining companies despite an uptick in commodity prices over the past year. During this time, our surface exploration work has uncovered previously unknown resource expansion potential and identified new drill-ready discovery targets, both of which would significantly enhance the long-term value of the Company’s flagship Tepal project. Regarding the name change, the word ‘valoro’ in Spanish means ‘I value’ with an emphasis on ‘oro’, which is Spanish for ‘gold’ and reflects our current focus in Mexico. We believe that the proposed Consolidation will better position the Company to finance its growth objectives in 2018 and beyond.”