Tag: Investor’s Corner

A total of 87,428,866 common shares were represented at the meeting, being 67.0% of the Company’s issued and outstanding shares. Shareholders voted in favour of all matters brought before the meeting including the appointment of auditors for the ensuing year, and the election of management’s nominees as directors.

First Mining is also pleased to announce that Mr. William Tanaka and Mr. Samir Patel have joined the Company as Vice President, Technical Services, and Corporate Counsel and Corporate Secretary, respectively. Mr. Patel will be taking over the role of Corporate Secretary and due to the Company’s increased focus on projects within Canada, Mr. Raul Diaz’s position has changed from Vice President of Exploration to Exploration Manager, Latin America.

Santacruz Silver Mining Ltd. reports that, in connection with its previously announced short form prospectus offering of units at a price of C$0.40 per Unit, it has amended its agreement with Haywood Securities Inc., on behalf of a syndicate including M Partners Inc., to increase the amount of the Offering from 26,500,000 Units to up to 32,500,000 Units for aggregate gross proceeds of up to $13,000,000.

La minería en México atraviesa un buen momento, en especial por el aumento en los precios de los metales preciosos, consideró Xavier García de Quevedo, presidente de Grupo México.

Aura Silver Resources Inc. sadly reports that Company director Eric Craigie passed away recently. Eric served as a director since the Company’s inception in 2003 and was previously Vice President, Exploration. Eric provided valuable counsel on the strategic direction and governance of the Company over the past thirteen years. The Company’s Greyhound property was first prospected by an exploration team led by Eric and Paul Pitman, Manager of Canadian Operations during the mid- 1990’s, which led to the Company’s interest in the project.

SOURCE EXPLORATION CORP. The Company has filed a response as a third party of interest after receiving notification of an appeal by a neighboring concession owner to an earlier decision by the General Bureau of Mining located in Mexico City regarding an overlapping area of its Las Minas property. The overlapping area comprises approximately 11% of the Las Minas project.

MAG Silver Corp. announced today that the Company will change the ticker symbol of its common shares listed on the New York Stock Exchange from MVG to MAG effective Monday, June 27, 2016. The Company will then trade on both the TSX and NYSE MKT as MAG.

Arturo Préstamo, President and Chief Executive Officer of Santacruz, stated: “We are very pleased to have come to an agreement with JMET and Haywood to restructure the current Silver Pre-Payment Agreement, which strengthens our balance sheet and in particular our working capital. I am also pleased to report that this week we are taking delivery at the Veta Grande Mine of a key piece of mechanized mining equipment that will significantly increase our mine production going forward.”

“Settlement of this debt is a very significant achievement for Timmins as it has been a top priority to place the Company in a stronger financial position going forward.” stated Mark Backens, Interim CEO. “With the debt paid off we gain flexibility and can renew focus on the advancement of the Ana Paula feasibility study and permitting work. Initial funding for this work will be provided by the cash flow generated from the San Francisco Mine. We would like to extend our appreciation to both Sprott and our largest shareholder Goldcorp for their support.”

“Lindsay has had key leadership roles in the U.S. and Canada, in mining and other industries,” said Phillips S. Baker, Jr., Hecla’s President and Chief Executive Officer. “We are pleased that he has chosen to join us at a time when Hecla is at its strongest – most reserves and production in our history – and as we continue to adopt new technologies to improve our productivity and extend mine life, and acquire new high-quality properties.”