Tag: Investor’s Corner

Kootenay President and CEO James McDonald states, “As we prepare for an exciting year ahead of drilling in 2018, we are pleased to provide a review of activities detailing many of Kootenay’s significant achievements in 2017. Supported by an established NI 43-101 silver asset base of over 140 million ounces of silver equivalent*, we will focus our resources on accelerating the growth of this asset base in 2018. Our top priority remains the advancement of our flagship La Cigarra silver project, located in the Parral mining district in Chihuahua, Mexico. Ongoing exploration in 2018 will include drill testing of high-grade structures extending from La Cigarra’s existing silver resource, drill testing several new priority targets and the advancement of two recent discoveries on the project. We look forward to providing further updates on activities as they develop.”

Keith Neumeyer, CEO and President, states: “2017 was an exceptional year for exploration and technological innovations. Across seven of our assets, we had up to 24 active rigs and drilled over 156,500 metres resulting in a new exploration record for First Majestic. The Company is now working diligently to incorporate these successful results into an updated Reserve and Resource estimate which is expected to be released by the end of the first quarter of 2018. Our two major discoveries for 2017 were the Cerro de Santiago vein at La Parrilla and the Ermitaño vein at Santa Elena. It is also becoming evident that there is a significant opportunity around Santa Elena and La Parrilla to expand the size of the known mineral resources. As a result of the recent discoveries, we are allocating additional exploration resources in 2018 in order to improve Life of Mine at both operations.”

The net proceeds of the Private Placement will be used to fund the exploration and development of the Company’s La Cigarra project in Chihuahua State, Mexico, possible new acquisitions and for general working capital purposes.

President, Lawrence Page Q.C. stated “Since acquisition in September 2010, CLM continues to develop Mineral Resources with great potential to become a significant economic deposit. Exploration since 2016 has resulted in a 318 percent increase in Indicated Resources and an 18 percent increase in Inferred Resources, largely through the delineation of the new Skarn Front deposit which significantly remains open in several directions. We are confident that additional exploratory drilling during 2018 will continue adding great value to the present Resource”.

Scott Perry, President and CEO of Centerra said, “With the completion of the acquisition of AuRico Metals, we have expanded our existing development pipeline to include a de-risked brownfield development asset, located in Canada, as well, we are adding a high-quality, free-cash flow generating royalty portfolio. The Kemess property has the potential to be a low-cost, long life, significant gold and copper producer.”

Riverside’s President and CEO, John-Mark Staude, stated: “We are in a very strong position for company growth and success in 2018 with a promising line up of early 2018 drill results and partnership deals to come. The 100% permitted assets provide immediate and strong growth for Riverside and we are in a great position heading into the New Year with a tight share structure and new discovery potential at multiple projects. We appreciate our strong shareholder base and their continued support and our team looks forward to a productive year ahead.”

CEO John Lawrence said “We are excited about the commencement of construction of the pilot leach plant for Los Juarez. Additionally, the Company added 30 new customers for the BRZ zeolite, and we expect to see sales grow during 2018. In the near future, we expect to announce our progress on several additional strategic and financial opportunities presented to the Company that do not involve dilution of any kind.

Coeur Mining, Inc. today announced record fourth quarter silver equivalent production of 11.7 million ounces, consisting of 4.5 million ounces of silver and 119,114 ounces of gold. Silver equivalent production increased 23% quarter-over-quarter and 17% year-over-year. Silver production increased 15% quarter-over-quarter and 17% year-over-year, while gold production increased 28% and 16%.

David Wolfin, President and CEO of the Company commented, “We are very pleased to announce this significant achievement for Avino that confirms our development and growth as a company. The TSX is Canada’s most senior stock exchange and we anticipate that this move will provide Avino with greater visibility in the marketplace and access to a broader and more diverse range of international and institutional investors.”

Torq Resources Inc. is pleased to announce the appointment of Daniel T. McCoy, Ph.D. as the Company’s Chief Geologist. Dr. McCoy has worked extensively in the mineral sector for over 27 years, specializing in precious metals exploration primarily in North and South America and Africa. He led the team credited with discovering the multi-million ounce Esaase gold deposit in West Africa. He also led the acquisition and exploration of the El Barqueno project in Mexico which was acquired by Agnico Eagle Mines Ltd. from Cayden Resources Inc. in 2014.