Tag: Investor’s Corner

“2017 was a transformational year for the Company,” said Greg McCunn, Chief Executive Officer. “On the corporate level we rebranded the company, changed the management team and strengthened the balance sheet with a C$50 million bought deal financing. Operationally, the San Francisco mine required a significant investment in waste stripping resulting in lower production than 2016 and higher cost, particularly in Q4 2017. However, the main San Francisco pit is now open on multiple mining faces and we are expecting between 90,000 and 100,000 gold ounces at AISC between $1,000 and $1,100/oz for 2018 with planned capital expenditures declining substantially to between $2.5 and $3.0 million.

Added Mr. Steinmann: “With a strong financial position, expansions completed at our largest mines, and operations generating strong cash flow, the Board of Directors today declared a 40% increase in the dividend.”

“Our geology teams achieved another year of successful reserve replacement and resource additions, as exemplified by the newly discovered mineral reserves at our Morococha and Huaron mines in 2017,” said Christopher Emerson, Pan American’s Vice President Business Development and Geology. “We added about 33 million ounces of new silver mineral reserves in 2017, more than replacing ounces depleted through mining. The silver grade of the mineral reserves increased by 13% to 94 grams per tonne, in part reflecting the additions of the new high-grade properties in Argentina.”

Our new name reflects the significant development of our assets, and our new focus as a mining issuer.

“Together, our five mines delivered very solid operating results in 2017,” stated Hannes Portmann, President and Chief Executive Officer. “With production at the high end of guidance and costs below guidance, New Gold generated the highest annual cash flow in our Company’s history.”

The proceeds of the private placement will be added to working capital. The sole subscriber to the private placement is Salvador Garcia, a director of the Company and Starcore’s Chief Operating Officer.

La compañía minera Alamos Gold, con sede en Toronto, Canadá, adquirió el proyecto minero La Esperanza como parte de la compra de Esperanza Resources, por casi 33.5 millones de dólares en efectivo y alrededor de seis millones de dólares en garantías, para explotar una veta que, de acuerdo con sus cálculos, proyecta la producción de 100 mil onzas de oro al año, a un costo de 499 dólares por onza, uno de los más bajos en el mercado internacional, expone el reporte de Alamos Gold Inc.

Bacanora Lithium PLC, which is to become the holding company of Bacanora Minerals Ltd, announced Tuesday its intention to list on the London Stock Exchange’s AIM market in March.

Sean Roosen, Chair of the Board and Chief Executive Officer, commenting on the 2017 performance: “2017 has been a transformational year for Osisko with the acquisition of the Orion portfolio, which was a significant step forward for our company in terms of building a dominant, Canada-focused, precious metals royalty and streaming platform. At the same time, we have continued to mature our accelerator business and to create value for our shareholders by helping to create great Canadian gold projects. Today, not only does Osisko have the greatest growth profile amongst its peers, it has uniquely positioned itself with a quality pipeline of growth projects that will derive benefits for Osisko’s shareholders for years to come.”

WOLVERINE MINERALS CORP. announces that, further to its News Release of February 8, 2018, the TSX Venture Exchange has approved the change of name of the Company to Aloro Mining Corp. The Name Change will become effective at the opening of the market on February 21, 2018 under the new symbol “AORO”.