GoGold Resources Inc. is pleased to announce the release of financial results for the quarter and year ending September 30, 2016 with an operating income of $943,000 for the year (All amounts are in U.S. dollars). GoGold recorded revenue of $16.7 million from the sale of 640,121 silver ounces and 5,533 gold ounces during the year.
We hold very high expectations for this project and look forward to providing our investors with a clearer examination of its value, said Chris Frostad, CEO of Minera Alamos. Once the PEA is released, we will move quickly to upgrade the study to a pre-feasibility level of compliance for release in Q2 of next year.
Equivalent gold production of 4,351 ounces in period ended October 31, 2016 compared to production of 5,195 ounces in period ended October 31, 2015, a decrease of 16%, and 4,206 ounces in the prior quarter ended July 31, 2016, an increase of 3%;…
SilverCrest Metals Inc. is pleased to announce that, in connection with its completed offering of 4,550,000 units of the Company at a price of C$2.20 per Unit for gross proceeds of C$10,010,000 on December 6, 2016, the over-allotment option granted to National Bank Financial Inc., PI Financial Corp. and Canaccord Genuity Corp., as underwriters, to purchase up to an additional 682,500 Units at the Issue Price was exercised in full for additional aggregate gross proceeds of C$1,501,500.
SilverCrest Metals Inc. is pleased to announce that N. Eric Fier, President of the Company has returned from his partial leave of absence due to medical reasons and will resume his full-time duties as Chief Executive Officer, effective January 1, 2017.
Texas-headquartered driller Layne Christensen says its minerals business delivered positive earnings and generated improved results in Brazil, Mexico and the western US, as it posted a US$5 million net loss and 11.3% lower revenues, year-on-year, for the three months to October 31.
Fortuna Silver Mines Inc. Mr. Jorge A. Ganoza, President, CEO and Director of Fortuna, is pleased to announce the appointment of Mr. Alfredo Sillau to the Board of Directors of the Company.
The net proceeds of the Offering will be used to continue Phase II of the exploration program at SilverCrests Las Chispas Property, for mineral property payments primarily related to the Las Chispas Property and for general corporate purposes.
Jinchuan Group International Resources Co. Ltd. entered into a Strategic Framework Agreement with Junhe Holdings Limited in which Junhe Holdings will make equity investment in the Company by either subscribing for new shares of the Company or by acquiring existing shares of the Company, and establish several Joint Ventures in Shanghai with Junhe Holdings for different businesses, including a trading joint venture for trading commodities including non-ferrous metals, precious metals and chemical raw materials, a factoring joint venture and a financial leasing joint venture.
The Goldgroup DynaMéxico Shares were seized as a partial recovery of assets by DynaMéxico after DynaMéxico was awarded more than $ 48 M USD in damages against Goldgroup on October 05, 2015, as described in a Sentencia Definitiva issued by the same court, the Thirty Sixth Civil Court of the Superior Court of Justice of the Federal District of México, File number 1120/2014. In addition to the Damages against Goldgroup, the Definitive Sentence also included additional Resolutions ordered in favor of DynaMéxico.
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