Tag: Investor’s Corner

“Great Panther’s third quarter continued this year’s trend of delivering strong operational performance at the Guanajuato Mine Complex and the Topia Mine”, stated Robert Archer, President & CEO. “The ongoing ramp up in production at San Ignacio, since commencing commercial production in June of last year, was a major factor in the increase in production over the third quarter of 2014 and also contributed to the higher grades at the GMC. In addition, our team’s pursuit of efficiencies and better grade control is another important factor in the overall stronger operations that are keeping us on track to exceed our guidance for 2015 in terms of both production and lower cash and all-in sustaining costs.”

Canarc Resource Corp. announces that it has engaged Mining Plus Engineering to complete during Q4 2015 a NI 43-101 Resource Report and detailed Preliminary Economic Assessment Report for the newly acquired El Compas project in Mexico.

“Our third quarter results saw overall improvements in silver recoveries and throughput rates primarily due to the recent expansion of the La Encantada plant to 3,000 tonnes per day. At San Martin and La Guitarra, we continue to encounter high grades of silver and gold which resulted in record quarterly production at both operations,” stated Keith Neumeyer, President & CEO of First Majestic. “However, due to the continued weakness in metal prices, we are modifying our operations in order to ensure free cash flow is generated across the entire business. These changes include additional layoffs and mine plan revisions. Once these changes are fully implemented, and with the addition of the newly acquired Santa Elena Mine, the Company is expected to benefit from improved operating margins, increased cash flows and greater economies of scale.”

San Marco Resources Inc. announces that the expiry date of its warrant exercise incentive program respecting warrants issued under two non-brokered private placements completed in 2014 and 2015 has been extended to Friday, October 30, 2015.

First Mexican Gold Corp. is pleased to announce, further to its September 22, 2015 press release, it has executed a definitive agreement with Link Natural Resources FZC (LNR), a private entity in the United Arab Emirates (Dubai) to form a 50/50 Joint-Venture in order to further advance the Guadalupe project. LNR will acquire a 50% working interest in exchange for a scheduled investment within the first year totaling $8.0 million (all funds US) in accordance with the following:

AuRico Metals Inc. today announced that Scott Perry has resigned from his position as executive Chairman, as he takes on the CEO role with a large gold mining company. Mr. Perry will remain a member of the AuRico Metals Board of Directors. Richard Colterjohn, previously an AuRico Metals Director, has been appointed non-executive Chairman of the Board.

DynaResource de Mexico SA de C.V., the 100% owner of the San Jose de Gracia Project, located in the County of Sinaloa de Leyva, State of Sinaloa, Mexico, announces that it has been awarded in excess of $48 M USD in damages from Goldgroup Resources Inc. on October 05, 2015, by virtue of a Sentencia Definitiva issued by the Thirty Sixth Civil Court of the Superior Court of Justice of the Federal District of Mexico (Tribunal Superior de Justicia del Distrito Federal), File number 1120/2014. The Definitive Sentence included the considerations and resolutions by the Court, and in addition to the Goldgroup Damages, additional Resolutions were also ordered in favor of DynaMexico.

“Production for the third quarter met our expectations and we remain on track to meet our overall 2015 production guidance, with Minto operating above expectations for the quarter and Pinto Valley and Cozamin overcoming earlier production challenges,” said Darren Pylot, President and CEO of Capstone. “We are particularly pleased that the operational improvements at Pinto Valley are starting to be realized, achieving a monthly throughput record for Capstone in September.”

“Avino’s excellent third quarter results underscore the growing strength and quality of our mining operation. We delivered strong operating results and are well positioned to meet management’s production expectations going forward. Refinements in the mill are underway to remove deleterious minerals and improve payables, exploration drilling has commenced at the San Gonzalo mine and deliveries to Samsung are underway. We have positioned the Company for great success for the remainder of the year and years to come,” David Wolfin, President, CEO & Director, Avino Silver & Gold Mines Ltd.

Goldcorp Inc. wins top honour at the 2015 Awards of Excellence in Corporate Reporting, presented by Chartered Professional Accountants of Canada. Brent Bergeron, from Goldcorp, accepts the award Wednesday, December 9, 2015, in Toronto.