Tag: Investor’s Corner

Dan O’Flaherty, President and CEO of Maverix commented, “We are pleased with the significant growth that the Company demonstrated during the fourth quarter and are proud of our first full year of operation. Our operating partners continue to deliver excellent results at their underlying mines, which was reflected in our strong and growing attributable gold production. We expect further growth in our attributable production in 2018 from our current asset base and look forward to building on our 2017 achievements as we continue to grow our royalty and streaming portfolio.”

“Eduardo and Jessica are highly accomplished leaders whose depth and diversity of experience will be strong additions to our Board,” said Robert E. Mellor, Coeur’s Chairman of the Board. “Eduardo brings with him over forty years of experience in hard rock mining, including a successful track record of developing and operating mines throughout Mexico. Jessica’s equally impressive background in Canadian government affairs and leadership is also expected to complement the skills of our other directors and provide valuable insights as Coeur commences production at the Silvertip mine in British Columbia.”

Peter Secker, CEO of Bacanora, commented, “To have secured the services of a Non-Executive Director and a CFO who have both held senior finance positions at multi-divisional natural resources companies, reflects the significant progress made by Bacanora in the last twelve months. This has seen us complete a positive Feasibility Study at Sonora and also secure leading Japanese battery trader Hanwa as a strategic investor and offtake partner, in addition to other large institutional investors. I look forward to working with both Janet and Eileen during what promises to be an exciting period for Bacanora, as we focus on embarking on the construction phase of a 35,000 tonnes per annum battery grade lithium carbonate operation at Sonora in H1 2018.

Discovery President and CEO Taj Singh comments: “We are very excited about the prospects for our projects in 2018. With approximately C$ 12.2M in the treasury at the beginning of the year, we are well-funded to advance our projects and exit 2018 in a strong financial position. By testing all of our projects, Discovery will produce a detailed picture of this historic mining district and hone in on the highest priority targets at each project.”

All securities issued pursuant to the financing are subject to a 4 month hold period. The Company will use the net proceeds of this private placement for general corporate purposes and to advance our Tabasquena silver project in Zacatecas, Mexico.

MX Gold Corp. announces that on January 10, 2018, the British Columbia Securities Commission issued a Cease Trade Order against the Company as a result of the Company not filing technical reports under National Instrument 43-101 to support first time disclosure of the results of a preliminary economic assessment on its Max Molybdenum property and to support first time disclosure of mineral reserves on its Magistral property.

Scott Perry, President and CEO of Centerra commented, “We are very pleased to enter into this facility with our syndicate of banks who are also considered to be our business partners. While Centerra has a strong balance sheet and we generate significant operating cash flow, we feel it is important to have the added financial flexibility which a corporate revolving credit facility gives us. We are delighted to continue working with our business partners as we fund the development of our portfolio of growth projects.”

Palamina Corp. is pleased to announce that it will conduct a non-brokered private placement offering of up to 6,666,667 units at a purchase price of $0.30 per Unit, for aggregate gross proceeds of up to $2,000,000.

Robert Willis, San Marco’s CEO stated; “A significant part of building a strong exploration team is recognition of leadership skills. Chris has not only assembled an experienced, quality geological team, but he has been instrumental in successfully advancing our 1068 Project to drill readiness, and responsible for our recent copper/silver discovery at our Chunibas Project. “

Fred Stanford, President & CEO of Torex stated: “This extension to the previously agreed waiver on the part of the lenders provides an extra level of comfort to temporarily minimize any risk of covenant breach while we endeavor to re-start operations at the ELG Mine. Once again, our appreciation to the Lenders for their unwavering support.”