The delay is due to the departure of key personnel involved in the preparation of the audited consolidated financial statements. The Company is working to complete the audit of the Company’s consolidated financial statements for the year ended December 31, 2016 as soon as possible and anticipates filing such financial statements, MD&A and related Certifications by the end of May, 2017.
Akiba Leisman, Executive Chairman and Interim CEO states that, 2016 was a tale of two mines for Marlin. For the first three quarters of the year, our operating team led by Jesse Muñoz, was focused on waste removal to access the high grade HS Zone at La Trinidad. As a result of their skill and dedication we began mining the HS Zone in September, which has allowed the Company to de-lever the balance sheet, invest in exploration at both our properties, acquire all necessary land at Commonwealth to fully consolidate the district, and advance our royalty business such that we expect to spin off Sailfish Royalty Corp. to shareholders this year. Since mining the north part of the HS Zone, we have been able to finally show just how profitable La Trinidad can be. With the southern part of the HS Zone coming online at the end of the second quarter of 2017, and exploration success in Mexico and Arizona indicating longevity at both assets, we feel that there is plenty more of this to come.
Evrim Resources Corp. announces that, further to its announcement on April 27, 2017, in response to additional market demand the Company has increased its private placement to a 14,000,000 unit private placement at $0.30 to raise gross proceeds of $4.2 million. Each unit will consist of one common share and one-half non-transferable share purchase warrant. Each whole warrant is exercisable into one common share at a price of $0.50 for three years from the date of closing.
A fully underwritten renounceable pro rata offer of New Shares at an issue price of $0.016 each on the basis of 2 New Shares for every 5 Shares held on the Record Date to raise up to approximately $2,952,072.
Frederick H. Earnest, President and Chief Executive Officer, commented, “We believe that we have sufficient working capital to cover our fixed costs for several years; to execute selected discretionary programs intended to optimize and add value to Mt Todd; and to complete all of the critical milestones, including permitting, necessary to advance the Mt Todd project to the point of a development decision.
Leagold Mining Corporation announces that pursuant to the Companys Stock Option Plan, a total of 9,000,000 incentive stock options have been granted to its officers, employees, consultants and a charitable organization. The stock options are exercisable at a price of C$2.85 per share for a period of 5 years, subject to regulatory approval.
New Gold Inc. today announces the voting results from the election of its Board of Directors at New Gold’s Annual and Special Meeting of Shareholders held on April 26, 2017 in Toronto, Ontario. The director nominees listed in the Management Information Circular dated March 13, 2017 were elected as directors of New Gold at the Meeting. Detailed results of the vote are set out below.
Cameron King, President & CEO of Vangold Resources Ltd, commented; This is a significant milestone for the Company. The Technical Report offers detailed history, collection and sampling of the underground stock mineral pile. The Company is also in the initial days of a three-month Exploration Program for 3D modelling and drill site selection. The Company will announce progress reports throughout the term of the Exploration Program
The Consideration payable to Nyrstar consists of USD 0.8 million that was paid to Nyrstar upon signing the Agreement, USD 2.7 million payable in cash by the closing of the Transaction, and USD 16.5 million payable in cash on or before the 12 month anniversary of the closing of the Transaction. Closing of the Transaction is subject to customary closing conditions and is expected to occur by Q3 2017.
“Operationally, 2017 has started strongly with solid performance on both the production and cost fronts. Higher gold production at lower costs has resulted in stronger cash flow generation and has allowed us to increase our production guidance for the year”, said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “In the first quarter we also made very good progress at several of our growth projects with Meliadine progressing as expected, the Canadian Malartic extension receiving government approval and the Goldex Deep project ahead of schedule and under budget”, added Mr. Boyd.
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