Gold Resource Corporation declares its monthly instituted dividend of 1/6 of a cent per common share for November 2017 payable on December 26, 2017 to shareholders of record as of December 11, 2017. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA.
Canuc Resources Corporation announces that it has closed a non-brokered private placement financing with gross proceeds of $464,934, resulting in the issue of 1,162,335 units at a price of $0.40 per Unit.
The Cerro del Gallo deposit sits within the San Antón property, which covers an area of 25,269 hectares and consists of 12 granted, contiguous mining concessions all now owned by Argonaut through its subsidiary. The concessions include areas of historical mines formerly worked for high grade vein-hosted gold and silver.
Primero Mining Corp. today announced that the Company has closed the previously disclosed sale of the Cerro del Gallo development project, via the sale of all of the issued and outstanding shares of San Anton Resource Corporation, the indirect owner of the Project to Argonaut Gold Inc. Primero has received total consideration of $15 million. The proceeds net of closing costs will be used to permanently reduce the outstanding balance on the Company’s revolving credit facility.
Santacruz Silver Mining Ltd. announces the appointment of Mr. Carlos Alberto Silva Ramos to the position of Chief Operating Officer of the Company effective November 27, 2017. Mr. Silva will report directly to the President and CEO of the Company, Mr. Arturo Préstamo.
MX Gold Corp. is pleased to announce the Magistral Joint Ventures appointment of Kevin Weston as Director of Operations of the Magistral Del Oro Project in Mexico. The Magistral Project is operated by MX Gold and its joint venture partner, GracePoint Mining Corp. Under the terms of Mr. Westons engagement, and subject to approval by the TSX Venture Exchange, MX Gold has undertaken to issue 350,000 common shares of MX Gold to Mr. Weston, as security for payment of Mr. Westons salary from the JV.
The halt will remain in place until the opening of trade on Tuesday 28th November 2017, or earlier if an announcement is made to the market.
Camrova Resources Inc. announces that its ownership in Minera y Metalurgica del Boleo S.A.P.I de C.V is being diluted pursuant to the New Shareholders Agreement described in the Companys News Release #2 / 2017 dated 2017-01-26.
Primero Mining Corp. today announced that the Company has agreed in principle with its lenders to an extension of its revolving credit facility and guarantee provided by Wheaton Precious Metals Corp., previously maturing on November 23, 2017. The maturity of the RCF will be extended to December 1, 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.
The Company is pleased to announce that it has now received the latest option payment from Desarrollos Mineros El Aguila, S.A. de C.V., a wholly owned subsidiary of Fresnillo plc for the properties optioned to them by the Company in the Uruachic Mining District in the State of Chihuahua, Mexico.
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