Tag: Investor’s Corner

Leagold CEO Neil Woodyer stated: “Leagold’s growth strategy in Latin America started with the acquisition of the Los Filos mine in Mexico in April 2017 from Goldcorp, and we have a clear objective of building Leagold into a leading, intermediate gold producer in Latin America. This strategy focuses on acquiring operating gold mines and projects nearing construction, post-acquisition asset optimization, and unlocking value.”

Levon Resources Ltd. announces a non-brokered private placement for C$800,000 through the issuance of units of the Company at a price of C$0.35 per Unit. Each Unit will consist of one common share and one half of a share purchase warrant, with each whole warrant entitling the holder to acquire one common share of the Company at a price of C$0.50 per common share for a period of two years from the closing of the Placement.

“Our Oaxaca Mining Unit’s operations team delivered another year of solid production results for 2017,” Gold Resource Corporation CEO and President, Mr. Jason Reid, stated. “In addition to achieving annual precious metal production targets, the team successfully targeted and mined base metal rich areas of the Arista mine to take advantage of multi-year high base metal prices which generated substantial additional revenue for the year…”

“We made great progress in 2017,” stated Brendan Cahill, President and Chief Executive Officer. “We removed a major bottleneck at Platosa and began ramping up production, with another solid quarter in Q4 demonstrating stable production under dry mining conditions. We have more work to do though, as we are working through normal course transitional issues as we ramp up to higher production rates.”

Leagold CEO Neil Woodyer stated: “The 2018 production guidance range includes growth of 12% to 25% over the 191,195 oz produced in 2017. Our 2018 outlook benefits from the operational improvements implemented since we acquired Los Filos in April 2017 and several optimizations planned for the year ahead. During Q2 2018, we will realize the benefits from the overland conveyor and agglomerator capital projects. In addition, the mine plan sequence is scheduling higher gold production during H2 2018. As a result of this production profile, we expect higher costs in H1 2018 and lower costs during H2 2018. Looking ahead and considering the highly successful exploration programs in 2017 that significantly increased both the size and grade of our mineral resources, we are now in a strong position to evaluate the benefits of building a carbon-in-leach processing plant at Los Filos.”

SilverCrest Metals Inc. is pleased to report that the non-brokered private placement of $749,988 announced January 3, 2018 with Christopher Ritchie has completed. The private placement, which closed on January 17, 2018, is comprised of 451,800 units at a price of Cdn$1.66 per unit for gross proceeds of Cdn$749,988. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant being exercisable for one common share of SilverCrest at a price of Cdn$2.29 per share for a term of two years. No finder’s fee was paid in connection with this placement.

Igor Gonzales, President and CEO of Sierra Metals, commented: “The Company ended 2017 with sound production due to a very strong performance at Yauricocha, where we continue to reap the benefits of a successful operational improvements program resulting in higher tonnages, in addition to higher-grade material discovered through our successful brownfield exploration programs.”

Orla Mining Ltd. announces that it has completed its previously-announced shares for debt settlement after being granted approval of the transaction by the TSX Venture Exchange. An aggregate of $206,783 in debt was extinguished through the issuance of an aggregate of 147,702 common shares of the Company at an issue price of $1.40 per common share. The issued common shares are subject to a four month hold period ending on May 18, 2018.

Torex Gold Resources Inc. announces that it has filed a preliminary short form base shelf prospectus with the Securities Commissions in each of the provinces and territories of Canada, except Québec. The base shelf prospectus will allow Torex to make offerings of up to $500 million of common shares, debt securities, subscription receipts, warrants and units or any combination thereof. When final, the base shelf prospectus will be effective for a 25 month period. The specific terms of any offering of Securities, including the use of proceeds from any offering, will be set forth in a shelf prospectus supplement. The Company has filed this base shelf prospectus to maintain financial flexibility but has no immediate intentions to undertake an offering.

Fortuna Silver Mines, Inc. is pleased to announce 2017 production figures from its two underground operating silver mines, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The company produced 8.5 million ounces of silver and 56.4 thousand ounces of gold or 11.9 million AgEq ounces.