Tag: Investor’s Corner

Mr. Thompson, “Although progress is slower than we had hoped we are nearing production. The year 2017 will have Mexus ramping up to 10,000 tons a day at the Santa Elena mine. In addition, we expect great things from our San Felix project with production occurring as soon as feasible. All of this is occurring with minimal debt.”

Arian Silver Corporation announces that upon the recommendation of the Company’s Nomination & Remuneration Committee, a share option plan was adopted on 3 February 2017 to succeed the Company’s existing stock option plan. The Share Option Plan provides for the award of options over the Company’s common shares of no par value including HMRC-approved Enterprise Management Incentive share options.

Arian Silver Corporation is pleased to report that, further to the Company’s press release dated 1 August 2016 announcing the sale of the Company’s 75 hectare Calicanto project, the assignment has now been finalised, and the cash consideration of US$464,000 has been received (US$400,000 + IVA).

Effective January 13, 2017, Mexus Gold Mining, S.A. de C.V., a wholly owned Mexican subsidiary of the Company, entered into a purchase agreement with Jesus Leopoldo Felix Mazon, Leonardo Elias Jaime Perez, and Elia Lizardi Perez, wherein Mexus purchased a 50% interest in the “San Felix” mining site located in the La Alameda area of Caborca, State of Sonora, Mexico. The remaining 50% of the site is owned jointly by Mar Mar Holdings S.A. de C.V. and Marco Antonio Martinez Mora.

Endeavour Silver Corp. announces the appointment of Tomas Iturriaga Hidalgo as its new Vice President, Operations and Country Manager for Mexico, effective February 2, 2017.

Aura Silver Resources Inc. announces that it has closed the second and final tranche of its non-brokered private placement of units raising aggregate proceeds of $500,000 in both tranches. A total of 14,285,714 units were issued to investors at $0.035 per unit.

Randy Reifel, President, commented, “We are pleased to option La Cecilia to Riverside as part of a district consolidation. The transaction is consistent with our corporate strategy to monetize non-core properties with equity leverage.”

Pan American Silver Corp. today announced that, effective the start of trading on Wednesday, February 1, 2017, Pan American’s stock ticker symbol on the Toronto Stock Exchange will change from its original three-letter symbol, “PAA” to “PAAS”.

Goldgroup Mining Inc. announces David Laurence Ingram, a member of its Board of Directors, passed away at the age of 76.

“We are very excited for our investors as the San Rafael Project is developed and transitions into production this year. The transition will prove to be a significant catalyst for our share price as it will drive our consolidated costs lower to silver?industry, first quartile, cash costs and all?in sustaining costs, and create considerable free cash flow. This is an accomplishment which neither of the predecessor companies ever envisioned,” said Darren Blasutti, President and CEO of Americas Silver Corporation. “Though 2016 silver and silver equivalent production was slightly below guidance, the Company was able to maintain its pattern of cost control and benefitted from higher by?product metal prices.”