Tag: Investor’s Corner

Mexus Gold US (OTCQB: MXSG) announced today that MexusGold Mining SA de CV, a subsidiary of MexusGold US, is terminating its joint venture agreement with MarMar Holdings. The agreement outlined the contractual obligations at the Santa Elena project in Caborca, Sonora State, Mexico. The decision to terminate the agreement was made due to MarMar’s lack of funding for the project, non-compliance with various aspects of the agreement, and their inability to meet environmental standards at the site. Lack of funding by MarMar resulted in a disappointing 8.5oz Au produced in the last 22 months. The agreement stipulated that MarMar was to provide the funding, equipment, and fully operate the mine. Unfortunately, this did not occur.

Highvista Gold Inc. (TSXV: HVV) wishes to announce that its asset purchase agreement with Prince Arthur Capital Corporation has been amended to reflect the extended closing of the transaction to June 29, 2018. PAC is an “affiliated entity” used to facilitate the acquisition of two leased properties and one development property located in Windsor, Ontario. The transaction will constitute a Change of Business from mineral exploration to an investment company and a Reverse Takeover transaction under the rules of the TSX Venture Exchange.

“We are very pleased with the overwhelming support for this transaction by Leagold and Brio shareholders,” said Neil Woodyer, CEO of Leagold. “The acquisition of Brio advances our strategy to create an intermediate Latin American gold producer. With four operating mines and two development projects in Mexico and Brazil, the combined operations have the potential to produce over 700,000 ounces of gold by 2020; this gives Leagold a strong platform for further growth within Latin America.”

México resulta un país atractivo en el sector de la minería debido a su riqueza y diversidad en recursos, así como por las facilidades que ofrece para la constitución de empresas provenientes del extranjero, lo que ha permitido la entrada en operación de nuevas minas en el país.

GoGold Resources Inc. (TSX: GGD) announces record production for the quarter ended March 31, 2018 of 265,629 ounces of silver and 1,908 ounces of gold for 417,191 silver equivalent ounces at the Parral project, a 6% increase from the prior quarter. The previous record quarter was 408,024 in the quarter ending June 2015. This past quarter has been the sixth consecutive quarter of production growth as the initiatives put in place in previous quarters continue to return positive results.

En la clasificación elaborada por el Fraser Institute, un think tank canadiense que elabora un informe sobre los países más atractivos para atraer inversiones mineras, México se ubicó en el lugar 44 en la edición de 2017, seis posiciones arriba frente al año previo, pero distante de la posición 11 lograda en 2011.

Oroco Resource Corp. is pleased to announce that it intends to complete a non-brokered private placement at a price of $0.10 per unit to raise gross proceeds of up to $750,000. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole share purchase warrant will be exercisable into one additional common share for a period of 18 months from closing at a price of $0.16 per share. The exercise period for the warrants may be accelerated to 30 days if, at any time after the first 4 months of the warrant exercise period, the volume-weighted trading average of the Company’s shares over a period of 20 consecutive trading days exceeds $0.35.

Colibri Resource Corporation (CBI: TSX-V) wishes to announce that it has filed its annual audited financial statements and accompanying management discussion and analysis for the period ending November 30, 2017.

Igor Gonzales, President and CEO of Sierra Metals, commented: “The Company has started 2018 with solid production results coming from all three mines in the first quarter. Thanks in part to record production at both the Yauricocha and Bolivar mines where we are reaping the benefits of our operational improvement programs. The Company has initiated preliminary scoping / PEA studies to analyze future operational production increases at all three mines and continues development at our Mines with an objective of progressing the recent resource increases at the Cusi Mine, as well as the reserve and resource increases at the Yauricocha Mine into the mine plans. Similar plans will also be put in place with the results from the upcoming Bolivar reserve and resource update.

“We anticipated the first quarter to be our lowest production quarter of the year as we implemented our dual cut-off strategy at San Francisco. With the run of mine ore only placed under leach towards the end of January, we did not see ounces draining from the pad until March,” said Greg McCunn, Chief Executive Officer.