Tag: Investor’s Corner

Fred Stanford, President & CEO of Torex stated: “A frequently asked question we have received is whether we would breach the liquidity covenants of our Credit Facility. This no cost waiver to temporarily reduce the liquidity covenant is helpful in that it extends the time before liquidity becomes a covenant breach risk. The high quality of support that the Lenders have provided is appreciated and has been consistent throughout their relationship with Torex.” He added, “This month we also received VAT returns of US$13 million, which has helped to reduce liquidity risks.”

GoGold Resources Inc. is pleased to announce the release of financial results for the quarter and year ending September 30, 2017 with revenue of $17.0 million (All amounts are in U.S. dollars) from the sale of 502,804 silver ounces and 7,313 gold ounces during the year.

Marlin Gold Mining Ltd. is pleased to announce that, further to its December 19, 2017 press release it expects to close the Company’s previously announced plan of arrangement to reorganize its business, including the spin-off of its wholly-owned subsidiary, Sailfish Royalty Corp. on December 22, 2017.

Mr. Harry Burgess was a Founding Partner and now an Associate Consulting Mining Engineer of Micon International, Ltd. and is a Member at Professional Engineers Ontario and a Member at The Canadian Institute of Mining, Metallurgy & Petroleum. He is on the Board of Directors at Cartier Iron Corp., GPM Metals, Inc. and ACME Resources Corp. Mr. Burgess was previously employed as an Independent Director by Champion Iron Mines Ltd., an Independent Director by Treasury Metals, Inc., an Independent Director by Tartisan Resources Corp., an Independent Director by Brigus Gold Corp., and an Independent Director by Vena Resources, Inc. He also served on the board at Mag Copper Ltd., Aquiline Resources, Inc., Absolut Resources Corp. and Amerix Precious Metals Corp. He has 40 years of experience with mining operations in China, Africa, North America and Australia. He received his undergraduate degree from Imperial College London, an undergraduate degree from The Royal School of Mines and a graduate degree from the University of the Witwatersrand.

Wealth Minerals Ltd. is pleased to announce that it has arranged a non-brokered private placement of up to 6,250,000 shares of the Company at a price of $1.60 per Share for gross proceeds of up to $10,000,000. All shares issued in the Placement will have a hold period in Canada of four months from the closing of the Placement. Finder’s fees are payable on a portion of the Placement. Completion of the Placement is subject to the acceptance for filing thereof by the TSX Venture Exchange.

FIRST MAJESTIC SILVER CORP. is pleased to announce that it has filed updated National Instrument 43-101 technical reports on its Del Toro, La Parrilla and San Martin mining operations. Each of the technical reports are available under the Company

SSR Mining Inc. announces the appointment of Ms. Elizabeth A. Wademan and Mr. Simon A. Fish, to its Board of Directors (“Board”). The Board approved the appointments to strengthen its expertise in the areas of the international capital markets, legal and corporate governance. The appointments are effective January 1, 2018.

SilverCrest Metals Inc. is pleased to announce the completion of the bought deal private placement offering announced on November 30, 2017 whereby the Company issued a total of 9,572,810 units of the Company at a price of $1.05 per Unit for gross proceeds of $10,051,450. Each Unit consists of one common share of SilverCrest and one-half of one common share purchase warrant. Each Warrant entitles the holder to acquire one common share of SilverCrest at an exercise price of $1.45 until December 19, 2019. The Offering includes exercise in full of the underwriters’ option to purchase additional Units at $1.05 per Unit.

Marlin Gold Mining Ltd. is pleased to announce that it has obtained a final order from the Supreme Court of British Columbia dated December 18, 2017 to implement the Company’s previously announced plan of arrangement to reorganize its business, including the spin-off of its wholly-owned subsidiary, Sailfish Royalty Corp.

Discovery Metals Corp. is pleased to announce the appointment of Andreas L’Abbé as the new Chief Financial Officer effective immediately. Mr. L’Abbé is a Chartered Professional Accountant (Chartered Accountant) and brings over 10 years of financial and accounting experience in the mining sector. He has held key finance and strategy positions with a number of producing mining companies, most recently as Director of Finance at Tahoe Resources Inc. During his career Mr. L’Abbé also held the positions of VP Finance at Timmins Gold Corp. (now Alio Gold Inc.), and Financial Reporting Analyst for Goldcorp Inc. Prior to these roles, Mr. L’Abbé worked with Grant Thornton LLP in their Assurance and Business Advisory group.