Tag: Investor’s Corner

“Our production results for the fourth quarter marked a strong finish to 2015 and were consistent with expectations,” said Keith Neumeyer, President & CEO. “Despite some minor production decreases in our effort to produce profitable ounces in this distressed market, we still pulled off a record quarter and another record year. Our transformational strategy for reducing costs and improving operational procedures is working, and along with Santa Elena’s successful integration, I feel that we have truly turned a corner in this challenging market. ”

Paget Minerals Corp. announces that the shareholders have approved the 15 to 1 share consolidation as previously announced, at the Special Meeting today. The funds raised in the subscription receipts financing will be released to Paget shortly.

Minera Alamos Inc. today announced that it has entered into a binding Letter of Intent with Argonaut Gold Inc. and its wholly owned subsidiary Durango Fern Mines S.A. de C.V. to acquire 100% of the mineral claims known as the La Fortuna Gold Project located in Durango Mexico.

“We are grateful to have Gernot join our team as Oban Mining’s representative, with his extensive experience in advanced project exploration and development,” commented Rob McLeod, President and CEO of IDM. “Gernot and I previously worked together for Lac Minerals at Red Mountain in the early 1990’s, and I look forward to working with him again as we advance the Project through permitting, engineering and additional exploration.”

“In light of the current commodity price environment our 2016 guidance and five year outlook focuses on financial flexibility, while maximizing the cost efficiency of our existing operations,” said Darren Pylot, Capstone President and CEO. “2016 is expected to be a strong year operationally for us as we process ore from the high grade Minto North open pit. We will further benefit from Cozamin’s consistent performance and have started the year running well at Pinto Valley.”

“I’m happy to report that we generated strong production growth in 2015,” said David Wolfin, Avino’s President and CEO. “In fact, we achieved the highest silver equivalent ounce output in the Company’s 49-year history. I congratulate our team of over 450 people for achieving this milestone during challenging conditions for the mining industry overall.”

“During 2015 we began the process of improving mining conditions at Platosa,” stated Brendan Cahill, President and Chief Executive Officer. “While water management continued to present challenges throughout the year and limited access to the high grade 623 and Guadalupe South mantos, we began to see material improvements from our dewatering efforts late in Q4. Our mine planners and geologists also identified a new mineralized zone connecting the 623 and Guadalupe South mantos, which is being exploited in Q1 2016. We look forward to furthering these improvements as Platosa’s optimization plan is implemented during 2016.”

Canarc Resource Corp. is pleased to announce that it has received an updated, independent, resource estimate for Canarc’s El Compas Gold-Silver Mine in Zacatecas, Mexico. A technical report documenting the new mineral resource statement will be filed on SEDAR within 45 days in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Gold Resource Corporation today announced preliminary 2015 fourth quarter and year-end mill production. The Company produced approximately 29,644 gold ounces and 2,506,000 silver ounces for the 2015 year, which achieved its revised annual production targets. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned over $108 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Jorge A. Ganoza, President and CEO, commented: “We once again exceeded annual production guidance and continue to provide year-over-year growth into 2016. I want to highlight that our silver and gold production growth comes with industry leading low costs. This, added to the strength of our balance sheet, positions the company to continue thriving through the phases of the metals cycle.”