“Cozamin once again outperformed in the third quarter, partially offsetting lower production at Pinto Valley and Minto,” said Darren Pylot, President and CEO of Capstone. “As we enter the fourth quarter, all operations are on track and we expect to achieve the low end of our guided production range for the year.”
Sierra Metals Inc. is pleased to announce that it has entered into an Open Market Sale Agreement with Jefferies LLC, H.C. Wainwright & Co., LLC, Scotia Capital (USA) Inc. and Noble Capital Markets, Inc., pursuant to which the Company may, at its discretion and from time to time during the term of the Sales Agreement, sell, through the Agents, acting as agent and/or principal, such number of common shares of the Company as would result in aggregate gross proceeds to the Company of up to US$55 million. Sales of Common Shares through the Agents, acting as agent, will be made through “at the market” issuances on the NYSE American at the market price prevailing at the time of each sale, and, as a result, sale prices may vary. No Common Shares will be offered or sold in Canada.
David Coburn, Gaineys CEO, stated, We are very excited to have Brian Metzenheim as our VP Exploration and now leading our exploration strategy and exploration team at Gainey. Brian has had a tremendous amount of success in Mexico with geological systems similar to what we are targeting at our El Colomo project.
According to the 28th edition of the Corporate Exploration Strategies (CES) by S&P Global Market Intelligence, this reversal of the near five-year downturn is being led by a robust gold sector, whose activity began picking up in mid-2016. Gold budgets for 2017 exploration are up 22% year over year. Zinc-focused producers and junior explorers have also boosted the zinc budget by 29% year over year to US$489 million, based on improved zinc prices since early 2016, according to the CES report.
Good news for Goldcorp Inc. investors. After a brief period of disruptions to operations at Peñasquito, caused by an entrances blockade, the Canadian miner can start the mining activities at its Mexican gold mine again.
Advance Gold Corp. is pleased to announce the appointment of Emily Hanson P.Geo to the position of Vice President — Exploration, as well as a director of the Company. In addition, the Company is appointing Duke Greenstein as an independent director. Further, the Company announces that Christopher Wild and Osvaldo Iadarola have tendered their resignations as directors of the Company. The Board would like to thank Christopher and Osvaldo for their past contributions to the Company and wish them all the best.
Azure Minerals Limited wishes to announce that the Board proposes to seek shareholder approval for a consolidation of the issued capital of the Company through the conversion of every twenty existing shares into one share.
Due to the current political climate and upcoming state and federal elections, the Company has decided to retract the environmental permit for the Caballo Blanco project which was submitted to the Mexican Environmental Authority on July 14, 2017 (see July 27, 2017 news release for details). The Company will use this time to further optimize the project and continue ongoing dialogue with the local communities and state and federal officials.
Southern Silver Exploration Corp. has closed the final tranche of its previously reported private placement by issuing 1,254,500 units at a price of $0.40 per unit for gross proceeds of $501,800.
Defiance Silver Corp. is pleased to announce that, further to its news release of September 25, 2017, it has closed on the final tranche of its private placement of 890,000 Units at a price of $0.30 per Unit for gross proceeds of $267,000. These Units are subject to a four month hold period expiring January 30, 2018. In total, Defiance raised $1,725,000 under its private placement. The proceeds of the private placement will be used by Defiance to commence a drill program at the San Acacio Silver Deposit located in Zacatecas, Mexico as well as for working capital purposes.
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