Tag: Investor’s Corner

“Year-end 2015 reserves reflect the continuing theme of ‘quality over quantity’ of silver and gold ounces and align with our strategy to produce higher-grade, higher-margin ounces to maximize free cash flow across our operations,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer. “We removed the lower-grade material that was not economical at these lower metals prices, primarily from La Preciosa, using silver and gold reserve prices over the next two years that are 18% and 10% lower, respectively, than year-end 2014. Companywide gold reserves increased by over 600,000 ounces at 33% higher grade compared with last year, primarily due to the addition of Independencia Este, Wharf, and higher grade material at Kensington.

Primero Mining Corp. today announced it will be redeeming with cash its currently outstanding$48.1 million 6.5% senior unsecured convertible debentures due March 31, 2016.

ALIX RESOURCES CORP. announces the signing of an option agreement with Lithium Australia NL to jointly explore and develop the Electra lithium project in Sonora, Mexico. Agreement terms are set out below. Alix and LIT will also work to define a percentage interest whereby Alix will share an interest in successful lithium extraction from clay technology patents arising from the joint efforts in Mexico. This transaction is subject to regulatory approvals.

Mundoro Capital Inc. is pleased to announce the appointment of Mr. Graham Brown to the Board of Directors of the Company. Mr. Brown has 35 years’ experience in mining and exploration as an independent consultant, senior executive and global leader of a highly successful discovery team. His broad experience base includes working on four continents, completing over 100 technical assignments, and covering a range of commodities in over 25 countries.

Americas Silver Corporation is pleased to announce that it has changed its TSX trading symbol from “SPM” to “USA” effective February 8, 2016. The Company has also changed its trading symbol on the OTCQX, from “SMNPF” to “USAPF” effective February 9, 2016.

“While we anticipate improved consolidated results in the current year, we are extremely pleased to see increased copper equivalent production at Bolivar and growth in silver equivalent production at Cusi.” commented Mark Brennan, President and CEO of Sierra Metals. “We continue to focus on the restructuring and rehabilitation at the Yauricocha Mine with the implementation of best practices and the introduction of modern methodologies. Management is optimistic that these beneficial changes that have resulted in lower production in the near term will serve to increase production in the coming years.”

Silver Shield Resources Corp Announces Both a Non-Brokered Private Placement of up to Three Million Dollars CDN by Issuance of Series “A” Preferred Shares and A Concurrent Non-Brokered Common Shares Private Placement of up to One Million Dollars CDN by Issuance of Common Shares

Kootenay President and CEO James McDonald commented: “We are very pleased and excited to move forward with this milestone transaction with Northair. This is a well-planned consolidation that has the potential to provide both companies and their shareholders with far reaching benefits well into the future. Combining the Promontorio, La Negra and La Cigarra projects will immediately position Kootenay as one of Mexico’s preeminent, asset based, silver development companies. Moreover, the support of a newly invigorated treasury and growth plan will allow us to prioritize the expedited development of both the La Negra and La Cigarra projects, as we continue to advance our generative project portfolio and pursue further strategic opportunities in the sector.”

“Gold production for the fourth quarter exceeded expectation due to efficient leaching and plant operations. Mine operations at San Francisco were impacted by greater than expected waste tonnes mined in the quarter due to local model variability observed versus prediction. We have made adjustments to the model and our operating plan and remain on track to achieve our 2016 objectives,” stated Mark Backens, Interim CEO of Timmins.

NSX Silver Inc. (TSXV:NSY) announces that effective at the opening on Monday, February 8, 2016, the Company’s listing will transfer to the NEX Board of the TSXV. The NEX trading platform is a separate board of the TSXV.