Tag: Investor’s Corner

VVC Exploration Corporation is pleased to report that the Company has entered into option agreements with two arm-length parties to acquire an additional 45,000 common shares of Samalayuca Cobre S.A. de C.V. over a period of 36 months by making aggregate cash payments of US$850,000, issuing an aggregate of 32,500,000 units of VVC, each unit comprising one common share of VVC and one share purchase warrant exercisable at CA$0.06 per Share over five years. If the Options are fully exercised then VVC would beneficially own 90,000 shares of SC representing 67.5% of the total outstanding shares of SC….

West Melville Metals Inc. announces the appointment of Ms. Vivien Chuang as Chief Financial Officer, and Ms. Dayna Leigh as Corporate Secretary, effective immediately.

“Although demand for drilling services continues to be weak and pricing very competitive, we were able to increase our revenue and margins over the last three months,” said Francis McGuire, President and CEO of Major Drilling. “We continue to grow our services around existing mines, including underground core and percussive drilling, which should help to provide greater revenue stability, provided senior and intermediate miners continue with their production plans. Our efforts to reduce costs have had a positive impact on margins and have allowed us to grow our EBITDA to $11.4 million, more than double our EBITDA in the first quarter of last year.”

Minaurum Gold Inc. is pleased to report it has regained control of the Santa Marta VMS copper-gold project in Oaxaca, Mexico from Lowell Copper Ltd. Due to current market conditions, Lowell elected to withdraw from its option which was initiated in December 2013.

Gold Resource Corporation today announced the appointment of Mr. John Labate as the Company’s Chief Financial Officer. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned over $105 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.

Gainey Capital Corp. is pleased to announce that it has signed a Letter of Intent and Processing Agreement with Vetas y Minerales Mining, S.A. de C.V. to process mineralized material from Vetas y Minerales Mining’s mineral property in Acaponeta, Nayarit at Gainey’s 100%-owned, 300-tpd processing centre located outside of Huajicori, in Nayarit, Mexico.

McEwen Mining Inc. is pleased to announce that it has increased its production guidance for 2015 to 150,000 gold equivalent ounces from 138,000. This increase is the result of higher grades and better recoveries at our El Gallo Mine. The El Gallo Mine is now forecast to produce 62,000 gold equivalent ounces in 2015, versus the earlier guidance of 50,000.

Mexus Gold US reaffirmed that the agreement with Argonaut Gold Inc. has been completed in both the US and Mexico. “Relinquishing control of the Julio/Martha Elena property to Argonaut has allowed Mexus to focus on its other properties and ventures,” added CEO Paul Thompson. The company is currently reviewing all of its Mexican properties and is considering offers to do a Joint Venture similar to the deal at the Santa Elena/Julio.

“As copper prices continue to deteriorate, we have looked at a range of actions to preserve our financial flexibility. We have taken the steps we outlined with our initial 2015 guidance to reduce our overall capital expenditures and have reduced operating costs in order to enhance our financial position and provide sufficient liquidity to execute our operating plan in the current market environment. This includes reducing and deferring capital expenditures at our operating mines, suspending all work on the Santo Domingo project, eliminating non-essential operating and general and administrative expenses and reducing exploration expenditures,” said Darren Pylot, President and CEO of Capstone.

GOLDCORP INC. is pleased to declare its ninth monthly dividend payment for 2015 of $0.02 per share. Shareholders of record at the close of business on Thursday, September 17, 2015 will be entitled to receive payment of this dividend on Friday, September 25, 2015.