Tag: Investor’s Corner

Endeavour CEO Bradford Cooke commented: ‘Sustainability for Endeavour Silver is not a bolt-on to our business strategy, it is core to the way we do business, and that is what makes us different. We work hard to ensure that our management and employees understand our approach to sustainability so that it is embedded in our decision-making processes. Doing so helps us gain local trust and confidence, leaves a positive legacy, and enhances our ability to grow.’

Leagold Mining Corporation reports Q1 2019 financial and operating results with consolidated gold production of 105,949 ounces at AISC of $927 per oz sold, resulting in an AISC margin of $38.0 million. These results generated Q1 2019 earnings from mine operations of $25.6 million and EBITDA of $38.4 million.

Argonaut Gold Inc. is pleased to announce the results of its annual meeting of shareholders held May 2, 2019.

McEwen Mining Inc. is pleased to announce two new management appointments. Meri Verli, PhD, CA, CPA, will be joining as the new Chief Financial Officer, replacing Andrew Elinesky who is departing the Company effective today; and Jack Henris will be joining as General Manager for Nevada effective today.

With the closing of the private placement, Defiance has commenced designing a drill program to test its San Acacio Silver project.

Bradford Cooke, CEO of Endeavour, stated, “We experienced a challenging start to the year in operations, with no improvement of the systemic issues at Guanacevi and unexpected events such as the seven-week shut-down at El Compas due to a mill failure. However, Endeavour management has dealt with similar issues before, we successfully cut costs across the board to address similar operational and economic challenges in 2008 and 2013. The Company emerged financially stronger and more profitable as a result.

Monarca Minerals Inc. is pleased to announce that Mr. Paul Ténière had been appointed as a director of the Company. Mr. Paul Ténière replaces Allan Folk, who stepped down from the board to focus on other activities. The Board of Directors would like to thank Mr. Folk for his contributions to the Company.

“We had strong first quarter production, averaging 223 tpd for the quarter and 256 tpd for March, in particular, with improved head grades,” stated Brendan Cahill, President and Chief Executive Officer. “The initial mill upgrades completed by late March showed promising results with record recoveries at higher processing rates, with lead at 82-85%, zinc at 84-87% and silver at 91-93% at a rate of 400+ tpd. Further modifications are expected to be completed in Q2. As milling operations were paused for these upgrades, we had a significant stockpile at quarter-end of over 2,800 tonnes of high-grade ore, which was processed early in Q2. Additionally, delivery of 1,000 tonnes of concentrate slipped into early Q2. Both of these factors will be reflected in our financial results, but the operation has improved dramatically and we’re set for a strong Q2.”

Revenue of (approximately US) $1.9 million and a net operating margin (oxide plant lease revenue less lease costs) of $1.3 million related to the lease of the Company’s oxide plant in the first quarter 2019, compared to a $1.1 million net operating margin realized in the first quarter 2018.