Tag: Investor’s Corner

The Arrangement involves, among other things, the distribution of common shares of Sailfish Royalty Corp., currently a wholly owned subsidiary of the Company, to the Shareholders on the basis of one Sailfish Royalty Corp. share for every five common shares of the Company.

Consolidated Zinc Limited has unveiled its new strategy to target larger scale production from its 51% owned Plomosas Zinc mine in Chihuahua, Mexico. The Company plans to move into production during 2019 targeting a 250,000tpa production rate with a mine life of 7-10 years. This is a substantial increase over the 100,000tpa contemplated in the recent scoping study. This has occurred due to recent positive exploration results and recent expansions to the project’s Mineral Resource as well as positive findings in the recently completed Scoping Study. In order to achieve the larger production rates the Company plans to conduct an aggressive extensional and infill drill program to convert more material into the Indicated category (from Inferred) and complete further metallurgical testwork to maximise recoveries. In parallel, the Company plans to do some regional exploration including first pass drilling on outcropping targets where rockchip samples have returned results >20% Zn+Pb.

Azure Minerals Limited is pleased to advise that it has appointed Mr Glenn Jardine as Chief Operating Officer for the Company. Mr Jardine will lead the development of the Company’s flagship Oposura zinc-lead-silver project, located in the northern Mexican state of Sonora.

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.

MAG intends to use the net proceeds of the Offering to fund exploration and development of the Juanicipio Project and for working capital and general corporate purposes. The Offering is expected to close on or before November 28, 2017, subject to receipt of all necessary regulatory approvals, including approval of the Toronto Stock Exchange.

China’s top copper smelters held an unscheduled meeting in Shanghai on Tuesday to reaffirm their position that there will be no shortage of copper concentrate supply in 2018 as the key contract renegotiation season hots up. The 10 companies on the China Smelters Purchase Team met to conduct a “comprehensive and systematic analysis” of supply and demand dynamics after their return from the recent London Metal Exchange gathering, an official within the group told Reuters.

During the third quarter of 2017 San Dimas continued to implement its production ramp-up plan following the strike action taken by unionized employees which concluded in Q2 2017. The production ramp-up experienced significant delays due to persistent issues with underground equipment reliability, which impacted development rates and underground stoping activities. Further, production in July 2017 was limited due to periods of inactivity during the negotiation of the 2016 annual workers’ bonus. Since the conclusion of these negotiations, the site has experienced an improvement in worker alignment.

Palamina Corp. has today announced that Jose Vizquerra-Benavides has resigned from the board of directors and will continue his support as a member of Palamina’s advisory board. Palamina thanks Mr Vizquerra-Benavides for his support and advice as a director and welcome him as an advisor. Mr. Alistair Waddell, a director of Palamina, has agreed to become a member of the audit committee and assume Mr. Vizquerra-Benavides responsibilities.

George Paspalas, President and CEO, commented, “With the new resource and PEA just announced, we are more excited than ever about the future, and we continue our focus working with Fresnillo over the next few months to complete the feasibility study and drive ahead with a formal production decision. At the same time, we look forward to ongoing exploration on the property aimed to further expand the Deep Zone and to test other promising regional targets on the essentially unexplored joint venture ground.”

Evrim Resources Corp. announced that its board of directors and the TSX Venture Exchange has approved a new fixed incentive stock option plan. Upon adoption of the Fixed Plan the Company cancelled its long-term cash bonus plan.