Tag: Investor’s Corner

Corex Gold Corp. is pleased to announce a non-brokered private placement of up to 13,000,000 units at a price of CAD$0.05 per unit, for aggregate gross proceeds of up to CDN $650,000. Each Unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant will be exercisable by the holder to acquire one additional common share at a price of CAD$0.15 for a period of twenty four months following the closing of the financing.

Silver Shield Resources is pleased to announce that effective immediately, the Ontario Securities Commission, British Columbia Securities Commission and Alberta Securities Commission have granted a full revocation of the cease trade orders that were previously filed against the Corporation in Q2 of 2014.

First Quantum Minerals Ltd. today announced that the nominees listed in its Management Information Circular for the 2015 Annual General Meeting of Shareholders were elected as directors of First Quantum.

“The Company delivered solid results for the first quarter of 2015,” stated Gold Resource Corporation’s CEO and President, Mr. Jason Reid. “Even with precious metal prices down significantly year over year, operations generated net income of $5.1 million, or $0.09 per share for the quarter. The Company is still focused on cost cutting measures and the benefit of these is evident as total cash cost per ounce AuEq was $416 for the quarter. The Company remains on track to meet its annual production outlook of 80,000 to 90,000 ounces of precious metal gold equivalent at a 64.1 to 1 ratio.”

Argonaut Gold Inc. is pleased to announce the results of its annual and special meeting of shareholders held May 5, 2015.

Jorge A. Ganoza, President and CEO, commented, “We have made an excellent start to the year operating well within our production and cost guidance and look forward to a year of execution on our key expansion project at the San Jose mine.” Mr. Ganoza continued, “On March 30th we announced the expansion our credit facility to $60 million giving us access to liquidity of over $130 million, providing significant additional financial flexibility in this period of growth for the Company.”

Primero Mining Corp. announces that yesterday, at its annual general and special meeting of shareholders, all directors nominated as listed in the management information circular dated March 24, 2015 were re-elected.

UC Resources Ltd. announces that, subject to regulatory approval, Sunvault Energy Inc. has agreed to accept shares in the Company as full repayment of past loans in the amount of $80,000 provided by Sunvault to the Company, by the issuance of an aggregate of 1,600,000 common shares of the Company having a deemed value of $0.05 per share…

The chief executive officer of Glencore Plc is pinning the blame for a slump in the value of the mining and trading company that listed four years ago at least in part on the failure of competing commodity producers to comprehend demand and supply.

“Greens Creek continues to have outstanding performance and Lucky Friday was solid,” saidPhillips S. Baker, Jr., Hecla’s President and CEO. “Casa Berardi produced less gold than last year’s first quarter but we expect production to increase over the remainder of the year and to achieve our guidance. During the first quarter the mines’ performance allowed us to operate within adjusted EBITDA.”