Tag: Investor’s Corner

Capstone Mining Corp. is pleased to announce the appointment of Robert Gallagher and Jill Gardiner to the company’s board of directors.

“Operating performance in the third quarter continued to be very strong, setting throughput records at both Pinto Valley and Minto,” said Darren Pylot, President and CEO of Capstone. “In addition, we received the benefit from a full quarter of processing high grade Minto North ore.”

Alix Resources Corp. and Lithium Australia updated the market on their progress at their Electra Project in Sonora, Mexico. Sonora is Mexico’s second largest state and the project is located to the northwest of the country.

Thomas Atkins, President and CEO of Mammoth Resources commented on the amended terms stating: “The amendment to the terms of the Company’s option agreement with the vendors is reflective of the strong relationship we have with the vendors and our shared optimism in the potential of the Tenoriba High Sulphidation, precious metal project. These new terms take into account the past years of weak equity capital markets for mineral exploration companies and the potential such challenges could extend into the future. The reduction of US$41,662 in future vendor payments at the recent US$ to C$ exchange rate of US$1 = C$1.32 equates to approximately C$55,000 in reduced vendor payments. This amount divided by the 600,000 shares issued attributes a value of C$0.09 per Mammoth share whereas one month ago Mammoth announced closing a C$202,500 private placement priced at C$0.02/unit. Clearly, the issuance of these shares to reduce this payment is an attractive use of capital at this time and given the recent valuation of the Company’s shares.

“With its favourable geology and proximity to the Mulatos mine, the Santana Property represents an attractive exploration opportunity. We look forward to supporting Corex as they continue exploring this property,” said John A. McCluskey, President and Chief Executive Officer.

Corex Gold Corp., announces that it has closed the previously announced equity financing and has issued 25,300,000 common shares of the Company to Alamos Gold Inc. at a price of $0.10 per Share. The Company has also issued an aggregate of 3,000,000 Shares to certain members of management of the Company or their affiliates and has issued 6,105,831 Shares to H. Morgan & Company, all at a price of $0.10 per Share.

SilverCrest Metals Inc. is pleased to announce the appointment of Mr. Nicholas Campbell as Vice President, Business Development. Mr. Campbell has over 12 years of finance and corporate valuation experience in the mining industry including 10 years capital market experience as a Mining Research Analyst. In his new position, Mr. Campbell will initially be working part-time and be responsible for developing, implementing and executing all aspects of SilverCrest’s business development opportunities designed to accelerate the Company’s growth and enhance its shareholder’s value. He will maintain his full-time position as CFO for Goldsource Mines Inc.

Historias de asesinatos y secuestros son las que se escuchan en Guerrero, donde también empresas buscan desarrollar minas en busca del oro de la región.

Toronto-based Torex Gold Resources Inc. opened its first mine earlier this year, representing a rare victory in Mexico’s efforts to fuel economic growth in a state ravaged by drug gangs fighting over the opium crops that feed U.S. heroin habits. Two other Canadian miners, Timmins Gold Corp. and Minaurum Gold Inc., have plans to explore and develop their own sites. In a region with very little going for it, local officials and workers hope the trio of investments could be the start of something bigger.

While Rare Earth has been splashing out converting options over shares in European Metals, it has received half a mill as a result of conversion of its loan stock into shares