Tag: Investor’s Corner

Commenting on the Company’s performance, Chief Executive Officer, Greg McCunn, said, “The first quarter of 2017 was a strong quarter in which the San Francisco mine exceeded production guidance by a significant margin. The continued focus on maintaining our cost structure has resulted in another strong quarter of cash flow generation which more than funded the Company’s development expenditures at our high-grade, highmargin Ana Paula project and continued to allow us to build cash on the balance sheet. With our revitalization plan now complete, we expect to start executing the plan in the second half of this year which will allow the mine to continue to perform at these levels out until at least 2023.”

“On the mineral side of our company, we’re continuing to solidify plans to take the ‘Don Diego’ deposit to the next phase, which requires approval from the authorities in Mexico. An administrative, legal and political/educational process has been underway to achieve this goal. Based on advice from our Mexican legal counsel, we expect the legal process to conclude in 2017. We are also developing new projects and opportunities to grow our offshore mineral portfolio and activities.

“The first quarter showed major improvements in both our cash flow and net loss compared to the previous year and quarter despite being our expected lowest production quarter of the year,” said Americas Silver Corporation President and CEO Darren Blasutti. “We expect to build on these positive results further through the second quarter with our operational challenges at Galena behind us, and in the latter half of the year as San Rafael begins production. With zinc and lead prices continuing to be strong, the mine will bring a step change reduction in our company-wide all-in costs in the fourth quarter.”

MEXICAN GOLD CORP. is pleased to announce that further to its news release dated September 28, 2016, the Company has issued an aggregate of 1,052,129 common shares at a deemed price of $0.31 per Common Share and an aggregate of 611,000 Common Shares at a deemed price of $0.25 per Common Share to certain of its officers and/or directors in settlement of outstanding debt in the aggregate amount of $478,910.22 as summarized below.

Argonaut Gold Inc. is pleased to announce the results of its annual meeting of shareholders held May 10, 2017.

“We are pleased to commence reporting in USD, which will better reflect the Company’s business activities and will, therefore, improve investors’ ability to compare the Company’s financial results with other publicly traded mining companies. Our Q1 results reflect improvements in revenues, operating income, and net income. We remain focused on our objectives which include our expansion plans announced in January that are progressing very well, and we are confident that the implementation of these important plans will continue to support the company’s growth efforts. We experienced lower production and development numbers in the first quarter compared to the same period last year, except gold production, which increased by 23%. While the results are lower, due to lower grade material being mined, we are confident that the company will achieve another solid year. Our team continually looks to improve efficiencies, and we are very appreciative of their support and dedication. Other key achievements for the quarter included the commencement of the work required for the expansion of Mill Circuit #4, the receipt of a positive Preliminary Economic Assessment of the Oxide Tailings at the Avino mine, and a review of possible alternatives to the Tailings Storage Facility.”

Tawn Albinson, the President of Prospero commented: “With today’s closing, we now have the funding to drill test 3 key projects in our portfolio — Matorral, Petate, and Pachuca SE- and we’ll be advancing the projects as promptly as possible. In anticipation of this deal closing, we have expedited permitting work on four projects. We will begin drilling at Matorral first, and we hope to award the drill contract in the next few weeks. I’d like to thank our new strategic partner, Fortuna Silver, for backing us and I’m looking forward to working with their exploration team in the coming 18 months.”

Operations at the San Dimas mine in Mexico resumed on April 18, 2017, after Primero Mining Corp. resolved the work stoppage of unionized employees that began on February 15, 2017. Primero announced that it has a new Collective Bargaining Agreement that provides a formal structure for regulating all aspects of the relationship between Primero and its unionized employees.

Alset Minerals Corp. is pleased to announce it has filed documents with the TSX Venture Exchange seeking final approval on their previously announced non-brokered private placement for gross proceeds of $369,000. Subject to regulatory approval Alset will be issuing 2,838,846 units, with each Unit consisting of 1 common share of the Company and 1 share purchase warrant, each warrant being exercisable for an additional common share of the company at a price of $0.20 for 12 months from closing, subject to the right of the company, after the 4 month hold period has expired, to accelerate the exercise period of the warrants should the closing price of shares of the Company be at or above $0.30 for a period of 10 consecutive trading days. Proceeds of this financing will be used to fund exploration of the Company’s salars in Mexico and for general working capital purposes. Directors and officers of the Company participated for approximately $100,000 of the financing with $52,000 from Alset’s Chairman.

“Pan American continued to deliver strong results in the first quarter of 2017, with quarter-over-quarter growth in net earnings and cash costs down 23% to $6.18 per ounce,” said Michael Steinmann, President and Chief Executive Officer of the Company. “The expansion of our Dolores mine is tracking well with commissioning of the pulp agglomeration plant expected by mid-year. At our La Colorada mine, we are already realizing the benefit of higher throughput rates from the expansion, which is now substantially complete.”