Tag: Investor’s Corner

CEO Dan Omeniuk comments, “We are excited at the prospect of working with Albert Buu in connection with the acquisition of Symple. We are currently negotiating the definitive agreement and finalizing due diligence on the proposed transaction. Personally, I am also looking forward to working with Albert Buu in Manitoba, a place where I’ve done business for nearly 40 years. I truly believe that the sector can provide our shareholders with a unique angle to differentiate ourselves from other mining companies.”

Oceanus Resources Corporation is pleased to announce the appointment of Ms. Tania Shaw to the position of Vice President, Investor Relations.

Mr. Thorsen has almost five decades experience in the mining industry, including 20 years with Teck Resources Ltd. At the time of his retirement from Teck in 2000, Mr. Thorsen, as President of Teck Exploration Ltd., was in charge of exploration and administration in 17 countries.

Frank Giustra, a well regarded Canadian mining magnate who created one of the world’s most successful mining companies is now moving his operation digitally to mine Cryptocurrency.

Gold Resource Corporation reports preliminary production results for the third quarter ended September 30, 2017 of approximately 6,465 ounces of gold, 392,153 ounces of silver and significant base metals. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $110 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Igor Gonzales, President and CEO of Sierra Metals commented “The Company continues to see solid metal production and tonnage processed at our flagship Yauricocha Mine, reporting a 3% increase in silver equivalent production, and a 13% increase in throughput during Q3 versus Q3 2016. We continue to work to increase tonnage at Bolivar through the commissioning of newly acquired equipment, which has arrived and been commissioned, and expect the remaining 3 underground loaders to arrive and be commissioned in Q4 2017. We continued to define higher grade ore sources through further development which are expected to come into the mine plan next year.”

Michael Harvey, director regional de asuntos corporativos y seguridad de la empresa, destacó el papel clave que juega esta mina, ya que aún le quedan 13 años de vida útil.

MX Gold Corp. is pleased to announce that the Company has entered into a letter of intent to acquire all of the shares of Symple Internet Financial Ltd., an arm’s length private British Columbia cryptocurrency/blockchain mining company based in Manitoba. The proposed acquisition is the Company’s first foray outside the mineral exploration space and is intended to be a pilot project to determine whether further investment in the growing cryptocurrency industry is warranted. The Company has had preliminary discussions about the proposed transaction with the TSX Venture Exchange and anticipates that it will proceed as a Reviewable Transaction but not a Change of Business in accordance with Exchange policies.

Coeur Mining, Inc. today announced third quarter production of 9.5 million silver equivalent ounces, comprised of 4.0 million silver ounces and 93,293 gold ounces. Third quarter silver equivalent production increased 7% quarter-over-quarter and 10% year-over-year. Higher quarter-over-quarter silver equivalent production was driven by a 13% increase in gold production while higher year-over-year silver equivalent production was due to a 10% increase in gold production and an 11% increase in silver production. Metal sales of 3.8 million ounces of silver and 89,972 ounces of gold, or 9.2 million silver equivalent ounces, were in-line with third quarter production.

“Operationally we delivered a strong third quarter with record production and significant milestones achieved at both our key operations. This included the completion of the MCM waste pass at Young- Davidson, contributing to higher underground mining rates in September, and initial production from our La Yaqui mine in the Mulatos district. We expect both will be key drivers of strong free cash flow growth in the fourth quarter and we remain well positioned to achieve full year guidance,” said John A. McCluskey, President and Chief Executive Officer.