Tag: Investor’s Corner

La minera mexicana Fresnillo Plc reportó un salto de 24.1% en su producción de plata del tercer trimestre, impulsada por el inicio de las operaciones en la segunda fase de su mina San Julián.

Throughout 2017, Azure has had the clear focus to acquire the right project for the right deal and more than 70 projects were reviewed as part of this process. The Oposura acquisition delivers on this strategic approach and provides the Company with the high-quality, flagship project that it sought. Azure is a now a company with a diversified portfolio of highly prospective projects.

Algunas empresas mineras con visión contra cíclica han decidido seguir adelante con sus programas de crecimiento, destacando Fresnillo plc, que arrancó la fase I (lixiviación) del proyecto “San Julian” en 2016 y completará la segunda etapa en 2017; además, panea iniciar operaciones del proyecto “Piritas”, en 2018.

Colibri Resource Corporation is pleased to announce that it has retained FronTier Consulting Ltd., part of the FronTier Merchant Capital Group, to provide investor relations and marketing services to the Company in compliance with regulatory guidelines.

Greg Crowe, President and CEO of Silver One commented: “We are very pleased with the success of the Financing and the positive support received from our existing and new shareholders. With the closing of the Financing, Silver One is now in a strong position to advance its flagship project, the past-producing Candelaria silver mine in Nevada. Surface exploration is currently underway and we intend to begin drilling the old leach pads in Q4/2017, with metallurgical testing to commence by year end. Additionally, numerous old workings that occur along strike from the open-pits will be examined to potentially add additional silver resources.”

Proceeds from the first tranche will be used to further advance the E&L Nickel Mountain Project in addition to other Garibaldi properties in the Eskay Camp and elsewhere in British Columbia, and will also be applied to the Company’s gold and silver properties in Mexico.

Excellon Resources Inc. is pleased to announce that it has entered into an agreement with Cantor Fitzgerald Canada Corporation as sole bookrunner and together with PI Financial Corp. as co-lead underwriter, on its own behalf and on behalf of a syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 5,000,000 units of the Company at a price of $2.00 per Unit for gross proceeds to the Company of approximately $10 million. Each Unit will consist of one common share in the capital of the Company and one-half of one common share purchase warrant. Each Warrant shall entitle the holder to acquire an additional Common Share at a price of $2.80 at any time on or before December 31, 2018.

“As we continue to advance the high grade, high margin Ana Paula project, the buy back of the 1% NSR is immediately accretive to the project and will deliver significant value to our shareholders over the long term,” said Greg McCunn, Chief Executive Officer. “We are advancing the Definitive Feasibility Study for the Project towards completion in Q2 2018 when we expect to make an investment decision to start construction. In parallel, we have initiated an exciting US$18 million exploration program at Ana Paula to investigate the extension of high-grade mineralization below the proposed open pit. Positive exploration results are expected to enhance already robust project economics, and it therefore made sense for us to exercise our buy-back right on the 1% NSR now. We would like to thank Goldcorp for their continued support of the Company through the exercise of the warrants.”

GOLDCORP INC. today announced the completion of the previously announced sale of its 21% minority interest in the San Nicolas copper-zinc project, located in Zacatecas, Mexico to Teck Resources Limited for cash consideration of $50 million. The closing follows receipt of Mexican anti-trust approval and the satisfaction of closing conditions customary in a transaction of this nature.

VVC Exploration Corp is a resource company currently working to bring its flagship Samalayuca copper property in Chihuahua, Mexico to production. The NI 43-101 for the property was completed by Dr. Michel Boliy in 2013 represents an Inferred Mineral resource of 4.1 million tons of copper ore grading 0.47% copper and 5.8 g/t silver. This resource estimate was based on fresh rock samples from existing pits and from core drilling done by Phelps Dodge on the property and covers less than 10% of the mineralized zone.