Tag: Investor’s Corner

The federal environmental agency has fined a United States-owned Oaxaca mine 9.8-million pesos (over US $520,000) for operating without the necessary permits in the Central Valleys region of the state.

Silver Spruce Resources Inc. announces that further to its news release dated December 11, 2017, the TSX Venture Exchange has granted an extension to the deadline to complete the previously announced private placement of up to 30,000,000 units at a price of US$0.06 per unit for gross cash proceeds of up to US$1,800,000 to March 9, 2018.

WOLVERINE MINERALS CORP. announces that, subject to TSX Venture Exchange approval, it intends to proceed with a name change to Aloro Mining Corp.

BACANORA MINERALS LTD., the Canadian and London listed lithium company, announces.that it intends to re-commence the process of changing the domicile of jurisdiction from Canada to the UK.

“Coeur’s robust operating performance during the fourth quarter led to strong financial results for the quarter and full year. Our multi-year strategic initiatives are generating higher-quality ounces and strong cash flow from our well-balanced portfolio of North American-based assets,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer. “During 2017, we successfully repositioned and strengthened the Company on multiple fronts. We upgraded our portfolio and pipeline of assets to reflect a North American focus with the acquisition of the high-grade Silvertip mine in Canada, our announced divestiture of our highest cost mine in Bolivia and the sales of nine non-core assets. We repositioned our balance sheet to provide greater financial flexibility and materially reduce annual interest expense. By allocating additional capital to near-mine exploration, we expanded our reserve and resource base by double digit percentage increases, which we anticipate will lead to high-return, long-term value for our stockholders.”

“This funding will provide Colibri an opportunity to test the drilling model created by our in-house experts & renowned consultants and push us towards our goal of expanding and further confirming our resources. We continue to strongly believe that Pilar has the ability to scale up significantly and become a low cost, open pit, heap leach operation in a very mining friendly jurisdiction. Colibri will begin work as quickly as possible upon closing of this funding,” stated Ron Goguen, President of Colibri.

J.D. Poliquin, chairman of Almaden stated, “We are extremely pleased to welcome Mr. Morris to Almaden. He brings a wealth of experience and expertise to the Ixtaca project. We look forward to working together now to bring Ixtaca from an advanced development stage project to a sustainable, clean and profitable producing mine for the benefit of all stakeholders.”

Torex Gold Resources Inc. is pleased to announce that it has closed its previously announced offering of common shares of the Company with a syndicate of underwriters led by BMO Capital Markets. An aggregate of 4,895,000 Common Shares were issued by the Company at a price per Common Share of C$12.60, including 525,000 Common Shares issued on the partial exercise of the over-allotment option, for aggregate gross proceeds of C$61,677,000.

Bradford Cooke, CEO of Endeavour, stated, “We enjoyed solid development and exploration success in 2017, more than replacing our Mineral Reserves and growing our silver Mineral Resources. We also published a Pre-Feasibility Study for Terronera, a Preliminary Economic Assessment for El Compas, and an initial silver Mineral Resource Estimate for the new Parral Properties. The substantial growth of our Mineral Reserves and Mineral Resources is a testament to our exploration and acquisition teams. We now have a strong pipeline of exploration and development projects to drive our next phase of organic growth.”

“It is a remarkable achievement for a 127-year-old company to have record reserves for three of the four metals it produces, particularly using price assumptions significantly below spot and among the lowest in the industry. It speaks to the quality of our properties and the expertise of our people. We believe that our investment in exploration is a key step towards generating real value for shareholders. As we grow our reserves and increase our already long mine lives, we can improve productivity by increasing throughput or lowering costs so the mines can generate returns regardless of the metals price,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “In addition to reserve growth, we are increasing the San Sebastian polymetallic resource which is quickly becoming an important part of the future of this mine. Our exploration budget is increasing again this year, because we have more exploration opportunities at our operating properties and beyond than any time in my tenure at Hecla.”