Tag: Investor’s Corner

MEXICAN GOLD CORP. today announced the appointment of Mr. Gavin Nelson as Chief Financial Officer, effective immediately.

Fred Stanford, President and CEO of Torex said: “The Project Finance Facility was an excellent financing product for the construction of ELG, our first mine. A very productive relationship was established with the Joint Bookrunners through the process of developing ELG. Torex has received a number of financing proposals across products, and the Loan Facility to be provided by the Joint Bookrunners represents an optimal, flexible and cost effective financing option for the Company, with materially reduced administrative effort, which will provide more management time for optimizing operations and future developments. We look forward to continuing that relationship with the Joint Bookrunners as we transition to the next phase of the Company’s growth.”

McEwen Mining Inc. is pleased to announce the results of the annual meeting of shareholders held on May 25, 2017.

“The fiscal results of the first quarter of 2017 and the fourth quarter of 2016 reflect a transition period for the Company as it added two new sources of mineralized material at the Rosario Project and expanded the development of mineralized material from previously mined stopes at Veta Grande referred to as “Chorros”” stated Arturo Préstamo, CEO of Santacruz adding, “As a result of mining the Chorros, the operating costs are substantially reduced and we look forward to continued production improvements at both Rosario and Veta Grande over the coming quarters.”

Aura Minerals Inc. announces the results of the votes held at the Annual General and Special Meeting of Shareholders held in Road Town, Tortola, British Virgin Islands.

Highlights of the Oxide Tailings Preliminary Economic Assessment

Significant pre-tax NPV8% of US$40.5 million
Attractive pre-tax IRR of 48.4%
2 year pay-back period
Total capital expenditures of US$28.5 million
7 year mine life with LOM of 3.12 million tonnes of oxide tailings material

Fred Davidson, President and CEO, stated, “We started 2017 with a clean balance sheet and no debt along with news that IMPACT was named to the 2017 TSX Venture 50. Operationally, revenues increased by 22% to $4.6 million in Q1-2017 from $3.8 million. The Company continues to improve its mine operating earnings, achieving income of $0.5 million in Q1-2017 compared to $0.3 million in Q1-2016. Earnings before interest, taxes, depreciation and amortization (EBITDA) improved to $0.3 million in Q1-2017 from $0.2 million in Q1-2016. While we cannot control the price of silver, we are committed to maximizing efficiencies and cost control through managing our operations in a disciplined manner. Building on a successful 2016, we have ongoing exploration plans at high potential targets and continue to evaluate strategic transactions to continue growing value for our shareholders.”

Para 2017, se prevé el arranque de al menos 8 proyectos mineros, cuatro de ellos son de oro, tres por plata, y uno de cobre, de acuerdo con datos de la Cámara Minera de México (Camimex).

MEXICAN GOLD CORP. is pleased to announce the appointments of Mr. Ali Zamani as Chairman of the Board of Directors and Mr. John Anderson as Director, effective immediately. Mr. Zamani replaces Mr. Brian Robertson who continues in his role as President and CEO.

First Majestic Silver Corp. is pleased to announce the voting results for the election of its Board of Directors at its annual general meeting held on May 25, 2017.