Tag: Investor’s Corner

During 2017, silver equivalent production increased by 26%, copper equivalent production decreased 1%, and zinc equivalent production decreased by 9% compared to 2016. During Q4 2017, silver equivalent production increased by 15%, copper equivalent production decreased 12%, and zinc equivalent production decreased by 8% compared to Q4 2016. The decrease in metal production was due to lower production in Mexico, partially offset by record throughput, which led to an increase in production, in Peru. The temporary decrease in metal production in Q4 2017 compared to Q4 2016 was primarily due to lower throughput, head grades, and recoveries at the Bolivar Mine, and decreases in throughput and recoveries at the Cusi Mine.

“During 2017, we achieved dry mining conditions for the first time since the earliest days of Platosa,” stated Brendan Cahill, President and Chief Executive Officer. “The stage is now set to ramp production up to optimal levels and begin realizing Platosa’s full potential….”

First Mining Gold Corp. announces the appointment of Jeff Swinoga to the Company’s Board of Directors and the departure of Patrick Donnelly as President of the Company. Effective immediately, Jeff Swinoga will assume the role of President and Chief Executive Officer, along with the former responsibilities of Mr. Donnelly.

“We are very pleased that almost all of the accelerated Warrants were taken up in view of the planned level of exploration activity expected by our joint venture partners on all six of the Company’s partnered projects this year,” commented Evrim’s CEO, Paddy Nicol. “The proceeds further strengthen our balance sheet and allow for greater flexibility as the Company continues exploration on its wholly-owned Cuale gold project in the months ahead.”

“Our Hermosillo-based exploration team, headed by noted geologist Mel Herdrick, has commenced a surface sampling program to define additional zones for a drilling program scheduled to begin during the second half of 2018,” said Kenneth MacLeod, President and CEO of Sonoro. “Our aim is to verify the earlier data and expand the scope and scale of the gold resource indicated in the Corex report.”

Primero commenced a strategic review process in early 2017 that resulted in the sale of the Black Fox Complex in October 2017 and the sale of the Cerro del Gallo development project in November 2017 . In January 2018 the Company also announced that it had entered into the Arrangement Agreement whereby First Majestic will acquire all of the issued and outstanding common shares of Primero. The transaction is expected to close in or around April 2018 , subject to applicable regulatory approvals and the satisfaction of other customary conditions.

“Our Q3 earnings reflect a low point in production since the acquisition of the San Martin mine. Moving forward, the production, planning and operating excellence programs put in place by new operational management at the San Martin Mine and the Altiplano Facility have been set in place to improve production and recoveries,” reported Robert Eadie, President of the company. “We feel that we have made a significant change in the operating culture and look forward their positive results.”

Alset Minerals Corp. announces that it will not be proceeding with the financing announced on January 16, 2018 but will, subject to the approval of the TSX Venture Exchange, undertake a non-brokered private placement of 8,000,000 units at a price of twelve cents per Unit for gross proceeds of up to $960,000. Each Unit shall be comprised of one common share in the capital of the Company and one half of a common share purchase warrant.

First Majestic Silver Corp. announces that its board of directors has approved the extension of its share repurchase program pursuant to a normal course issuer bid in the open market through the facilities of the Toronto Stock Exchange or alternative Canadian market places over the next 12 months. Pursuant to the Share Repurchase, the Company proposes to repurchase up to 8,286,401 common shares of the Company which represents 5% of the 165,728,029 issued and outstanding shares of the Company as of March 12, 2018.

“This transaction is consistent with our strategy to create a leading mid-tier precious metals company,” said Greg McCunn, CEO of Alio Gold. “In addition to diversifying our asset base into one of the most attractive precious metal producing regions in the world, this transaction provides us with increased scale and liquidity to drive long term shareholder value. We see regional growth opportunities in Nevada and coupled with our high-grade, high-margin Ana Paula project, this transaction establishes a strong platform for future growth.”