Tag: Investor’s Corner

BACANORA MINERALS LTD. is pleased to announce the entering into of a consultancy agreement in respect of the liason with and procurement of potential purchasers for the Company’s lithium products. The agreement is with a private company that is controlled by Mark Hohnen, who is a proposed nominee for election to the Board of Bacanora whose approval as a director remains subject to final regulatory approval. The consultancy agreement is for a period of eighteen months, subject to early termination by either party upon one month notice…

Colibri Resource Corporation is pleased to announce the appointments of Mr. Edward Stringer as the Company’s new President, CEO and a Director, Mr. William D. Macdonald , as a Director of the Company, and Mr. Jacques F. Monette , as a Director of the Company effective January 4, 2016 .

GoGold COO Anis Nehme stated, “Due to low metal prices the Municipality and GoGold agreed to renegotiate the Agreement. The Municipality is pleased with the environmental cleanup and job creation from the Company’s operations in Parral.”

Bradford Cooke, CEO of Endeavour, stated, “We are gratified to have replaced our P&P reserves and boosted our M&I silver resources given the challenging metal price environment last year. Our exploration efforts were successful in identifying new mineralization at each mine and the Terronera mine project should be a significant driver of new reserves and resources in 2016.”

“We had a very solid year operationally and financially in 2015, despite the challenging market conditions,” stated Randall Oliphant, Executive Chairman. “Our operations delivered record gold production that exceeded guidance and our low costs continue to enable us to generate a robust margin even at lower gold prices. At the same time, we successfully advanced our portfolio of growth projects. We completed the New Afton mill expansion project ahead of schedule and under budget and made significant progress in the construction of Rainy River. Importantly, we also strengthened our financial position by$330 million with the completion of the Rainy River stream sale and El Morro transaction.”

Timmins Gold Corp. is pleased to announce that it has signed an indicative term sheet with Sprott Resource Lending Partnership and Goldcorp Inc., which outlines the material terms of an amended and restated credit facility that is expected to replace the existing credit facility.

Fresnillo, que opera seis yacimientos en México, dijo que la producción de plata para el 2015 creció un 4,4 por ciento a 47 millones de onzas, mientras que la producción de oro para el año subió un 27,8 por ciento a 761.712 onzas.

Canarc CEO Catalin Chiloflischi comments: “The PEA clearly indicates that our El Compas Mine has the potential to be an economically robust, low cost, high margin, rapid payback project even at lower metal prices, thanks in part to its high grades, low costs and low capital expenditure requirements. We will now turn our focus to arranging the capital financing needed to develop this attractive gold-silver mine and place it into production.”

“Continued strong performance in the fourth quarter capped off a transformative year for Great Panther”, stated Robert Archer, President & CEO. “We delivered new annual records for silver, gold, and total metal production and beat our already upwardly revised guidance by about 300,000 Ag eq oz. The ongoing ramp up in production at San Ignacio, with higher gold grades, was the major factor in this year-over-year increase. In addition, Topia exceeded one million Ag eq oz for the first time. Operational efficiencies and grade control improved significantly and I would like to congratulate our entire team for a banner year. The increase in production at higher grades allowed us to lower our costs substantially such that Great Panther is well-positioned to withstand this period of depressed metal prices and take advantage of future price rises.”

Commenting on the Company’s fourth quarter and annual production results, Steve Busby, Chief Operating Officer said, “We had an excellent operating year, achieving new silver production records at four of our mines. At the same time, we were able to meaningfully reduce our operating cash costs on the back of strong by-product gold and copper production, helped to a lesser extent by weakening local currencies and lower oil prices.” Busby continued, “I am extremely pleased to extend my personal thanks to our dedicated and highly capable operating and project teams who, for the fourth consecutive year, achieved another annual consolidated silver production record for the Company, while simultaneously advancing our two exciting mine expansion projects.”