Tag: Investor’s Corner

Rodrigo Barbosa, CEO of Aura, commented, “We are very excited to announce this strategic transaction. The transaction creates new opportunities for both Aura’s and Rio Novo’s shareholders. For Aura this opportunity provides a great new pipeline for growth, and for Rio Novo’s shareholders, a company committed to developing its assets.”

The Company wishes to extend, subject to the TSX Venture acceptance, the deadline for the final closing of a non-brokered equity private placement financing of up to CA$2 million from December 15 to December 20, 2017. The first closing of the Private Placement occurred on October 31, 2017.

Primero Mining Corp. today announced that the Company has agreed with its lenders to an extension of its revolving credit facility and guarantee provided by Wheaton Precious Metals Corp., previously maturing on December 15, 2017. The maturity of the RCF has been extended to December 22, 2017, providing the Company with the ability to continue negotiations surrounding its previously announced strategic review process and the possible divestiture of its San Dimas mine in Mexico. There can be no certainty that these discussions will result in a resolution acceptable to all stakeholders.

“We have reported the lowest production and earnings over the last two quarters in the ten years that we have operated San Martin mine.” reported Robert Eadie, President of the Company. ”The San Martin mine has gone through a transition period where we experienced a lack of developed ore and capex investment during the change in management and introduction of the CIL plant. Our priorities going forward remain focused on exploration in areas that are open at depth, developing a mine plan that addresses our previous undeveloped ore stopes, and continuing with our strategy to carry out cost efficient mining.”

The funds raised will be used to accelerate resource drilling that is currently underway both below the underground mine workings in the Cuevitas Zone, at Tres Amigos and at several new areas within the mine at the Company’s highly prospective Plomosas Zinc Project in northern Mexico. In addition, the first regional drillholes targeting new exploration areas will commence early in 2018.

Mexus Gold US released an article from El Financiero where the company was mentioned among large miners in Sonora State, Mexico.

GOLDCORP INC. is pleased to announce the five ‘sharks’ who will judge the #DisruptMining challenge, an event designed to encourage innovators from all sectors to collaborate and accelerate solutions to some of the biggest challenges and opportunities in mining, an industry notoriously slow to innovate.

Canasil Resources Inc. announces that the Company’s shareholders have approved the Plan of Arrangement to segregate its British Columbia properties into a separate company, Canmine Minerals Inc. at the Special Meeting of Shareholders held on December 12, 2017.

Drones are sweeping over the global mining industry…and for good reason. The future of mining will increasingly rely on the use of drones and automated systems, slashing costs while helping mining companies find and dig up more gold, silver and other metals and minerals.

Kootenay Silver Inc. is pleased to announce that further to its press release dated November 15, 2017, it has closed the initial tranche of its non-brokered private placement and has issued an aggregate of 19,549,480 units at a purchase price of $0.20 per Unit for gross proceeds to the Company of $3,909,896. Each Unit consists of one common share and one-half of a transferable common share purchase warrant. Each Warrant entitles the holder to acquire one Common Share at an exercise price of $0.30 per share until December 13, 2020. Cash finder’s fees to arm’s length parties totaling $154,600 have been paid on this portion of the Private Placement.