Tag: Investor’s Corner

Millrock Resources Inc. announces that it plans to raise gross proceeds of between $1,000,000 and $1,500,000 through a non-brokered private placement of between 13,333,333 units and 20,000,000 Units at a price of $0.075 per Unit. Millrock also reports that it has engaged Mr. Doug Flegg of Cairn Merchant Partners of Toronto, Canada as a Strategic Advisor to assist Millrock in finding partners for its Alaska projects.

‘Great Panther’s significant increase in gold production in the second quarter reflects the acquisition of the Tucano Gold Mine in March of this year,’ stated James Bannantine, President & CEO. ‘The most significant aspect of the results, however, is the marked improvement in Tucano production since commissioning of a supplemental oxygen system at the end of April. Tucano achieved production levels of 10,900 gold ounces in May and 12,000 in June, compared to 7,000 ounces in April. This marks an important optimization milestone for Tucano which has significantly higher planned gold production in the third and fourth quarters during the dry season.’

‘We may use the ATM Facility as a means to supplement our capital needs if the need arises’, stated James Bannantine, President and CEO. ‘As noted in our previous disclosures, Great Panther is also reviewing and considering other financing options to refinance debt repaid in connection with the acquisition of Beadell, and to fund our projects and investments, and general working capital. These investments include exploration at Tucano, which we commenced shortly after closing the acquisition in March, various Tucano optimization projects, as well as the Topia Mine expansion in Mexico.’

Advance Gold Corp. is pleased to announce that it has closed its previously announced non-brokered private placement financing. The Company has issued 4,682,000 Units, each Unit consisting of 1 common share and 1 common share purchase warrant, each warrant being exercisable at $0.07 for 24 months, for gross proceeds of $234,100.

Bradford Cooke, Endeavour CEO, commented, ‘After a challenging first quarter, we initiated multiple measures in the second quarter to improve the operating and financial performance at each mine. As a result, we saw increases in mine and plant throughput, silver and gold grades and recoveries at El Compas and both grades and recoveries at Guanacevi. We expect tonnes and grades at Guanacevi and grades at El Compas to continue to rise towards plan in Q3. El Cubo’s operating performance was in line with plan in Q2 and the mine is expected to continue on target in Q3. Bolanitos operated well below plan in Q2 however the measures implemented there should have a positive impact on its operating performance in H2, 2019.’

Torex Gold Resources Inc. reports Q2 2019 gold production of 113,600 ounces, approximately 12% higher than the previous quarterly production record set in Q3 2018. During the second quarter, 113,400 ounces of gold was sold at an average realized price of $1,313 per ounce, resulting in H1 2019 gold sales of over 189,800 ounces at an average realized price of $1,309 per ounce.

Oroco Resource Corp. is pleased to announce that it has engaged Mr. Mark Stevens, C.P.G., of Denver Colorado as a technical consultant to the Oroco team. Mr. Stevens is initially leading an independent geological review of the historical resource files pertaining to the Santo Tomas Cu-(Mo-Au-Ag) Porphyry Deposit in Sinaloa State, Mexico. Mr. Stevens will thereafter be a central participant in the planning for an updated resource estimate and additional exploration work at Santo Tomas, as part of the technical and commercial advancement of the mining project.

McEwen Mining Inc. is pleased to announce two new management appointments. Steven Woolfenden, will be joining as the Vice President of Environment and Community Affairs; and Stefan Spears is changing roles to become Vice President of Corporate Development.