Capstone Mining Corp. today announced the voting results from its 2017 Annual General and Special Meeting held April 26, 2017 in Vancouver, British Columbia.
The Company also announced that Peter Dey has retired from the Board of Directors. “On behalf of the Board of Directors and everyone at Goldcorp I want to sincerely thank Peter for his service to the company, and wish him well on his retirement,” said Ian Telfer, Chairman of Goldcorp.
Geologix Explorations Inc. is pleased to announce that it has finalized the terms of its previously announced private placement financing, led by Eight Capital on behalf of a syndicate of agents, including PI Financial Corp. and Red Cloud Klondike Strike Inc. The Agents have agreed to offer for sale units of the Company, on a “best efforts” private placement basis, subject to all required regulatory approvals, at a price per Unit of $0.065, for total gross proceeds of up to approximately $3,000,000.
Evrim Resources Corp. announces a 10,700,000 unit private placement at $0.30 to raise gross proceeds of $3.21 million. Each unit will consist of one 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.
“Coeur delivered a solid first quarter with strong earnings and cash flows, affirming the steps we have taken to reposition our portfolio and balance sheet,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer. “Rising production levels at our Palmarejo mine and higher metal sales more than offset the impact of record rainfall at our Rochester mine in Nevada and persistent drought conditions at our San Bartolomé mine in Bolivia. Companywide costs also continued to trend lower with first quarter metrics coming in well below full-year guidance. Combined with considerable interest savings from recent balance sheet improvements, we reported significantly higher earnings and cash flows compared to the same period last year.”
“Strong first quarter results were driven by solid production and low all-in sustaining costs, with our $250 million annual sustainable efficiency program well advanced and already benefitting the bottom line,” said David Garofalo, President and Chief Executive Officer. “To deliver on the 20/20/20 growth plan we are maintaining a laser focus on execution, while simultaneously optimizing our asset portfolio and driving down costs. In addition, we continue to enhance the strongest growth pipeline in the gold industry with the planned 60 million ounce joint venture in the Maricunga District in Chile, financed by the sale of non-core assets. This transaction underlies our strategy of growing net asset value per share by delivering three to four million ounces of sustainable, annual gold production from six to eight core camps.”
“As we indicated to our stakeholders at the beginning of this year, our priorities are: enhancing our financial flexibility, delivering operationally and executing on our updated Rainy River plan,” stated Hannes Portmann, President and Chief Executive Officer. “I am very pleased to report that we have made significant progress in all three areas.”
Vangold Resources Ltd. has appointed Mark Ashley, Hernan Dorado Smith and Cameron Scott King to the board of directors of Vangold.
ALIX RESOURCES CORP. is pleased to welcome Gerhard Jacob to its Board of Directors. Mr. Jacob is a seasoned professional with almost 30 years of experience in the mining and exploration industry. He has worked and evaluated numerous projects around the globe plus has extensive management experience. During his career Gerhard served on the board of several junior companies and as a lead advisor. His most recent directorship was with Pure Energy Minerals and has worked on lithium projects since 2011. Mr. Jacob holds an MSc. in Geology /Geochemistry from the University of Goettingen, Germany.
As previously announced, the year began slowly at Galena with expected lower grades and some necessary mill maintenance affecting silver and lead production but we are encouraged for the rest of the year with the lower grades, the mill liner changed and the associated backfill challenges behind us, said Americas Silver President and CEO Darren Blasutti. Development at San Rafael has recently been slowed but measures have been taken to address the poor ground conditions. We anticipate being able to resume our targeted development rate once we are in more competent ground in early May. We continue to expect to begin production from San Rafael by the end of Q3, 2017 within budget. San Rafael will transform the Company to a first-quartile cash cost producer and generate substantial cash flow in 2018 and beyond.
Mexico Mining Center © 2021 / All Rights Reserved
