“Our financial performance in the second quarter was impacted by several items, including lower by-product credits and the timing of lead shipments at Greens Creek, and higher depreciation expense, which more than offset the positive impact of higher grades at Greens Creek,” said Phillips S. Baker, Jr., President and CEO.
“Our recent progression into the lower grade Diluvio zone demands a very focused mining approach in order to realize Mercedes full potential,” stated John Begeman, Executive Chairman of Premier. “We will continue to adjust to the challenges associated with lower grade ores while we exploit opportunities elsewhere in the mine. We have many positive developments elsewhere in the Company that will contribute to our success this year.”
IMPACT Silver Corp. is pleased to announce that it has completed the first series of the third tranche of the non-brokered private placement originally announced on June 19, 2019 and subsequently updated on July 8, 2019, July 18, 2019 and July 25, 2019. At closing of the Third Tranche, the Company received aggregate gross proceeds of $2,445,790.11 from the issuance of 8,433,759 units of the Company at a price of $0.29. Each Unit will comprise one common share in the capital of the company and one common share purchase warrant. Each Warrant entitles the holder to acquire one Share at a price of $0.385 and expires in 36 months from the date of closing.
“Gold Resource Corporation has now achieved dual-jurisdictional precious metal producer status in two mining friendly jurisdictions in North America,” stated Mr. Jason Reid, President and CEO of Gold Resource Corporation. “We now approach important near-term catalysts to increase shareholder value, including our targeted 100% increase to the Companys gold production profile once the Nevada mine is fully operational, and possible future monthly dividend increases.”
The proceeds of the Financing will be used, in part, to improve and develop road access to the North and South Zones at Santo Tomas, construct an exploration camp on the West Bench of the property, and undertake a work campaign on the property involving ground geophysical and geological surveys, including Three Dimensional Induced Polarization programs. In addition, proceeds will be utilized for aspects of project permitting, and the scoping of water and power needs, sources and costs.
Mr. Pedro Villagran-Garcia, President & CEO, announces that Tamino continues to be hard at work. We have had a fast start to 2019 with excellent results in the first, second and third quarters through the collective group initiatives of sourcing new acquisitions, and financing to become current on OTC Markets.
Following the Arrangement, Levon is now a wholly-owned subsidiary of Discovery. Discovery will cause (i) the Levon Shares to be delisted from the Toronto Stock Exchange, and (ii) Levon to submit an application to the securities regulators to cease to be a reporting issuer and to terminate its public reporting obligations.
Excellon Resources Inc. is pleased to announce that it has entered into an agreement with Cormark Securities Inc. as sole bookrunner and lead underwriter, on its own behalf and on behalf of a syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 9,500,000 units of the Company at a price of $1.06 per Unit for gross proceeds to the Company of approximately $10 million. Each Unit will consist of one common share in the capital of the Company and one-half of one common share purchase warrant. Each Warrant shall entitle the holder to acquire an additional Common Share at a price of $1.40 for a period of 24 months following the closing of the Offering.
Santacruz Silver Mining Ltd. announces that it has granted a total of 8,500,000 stock options to its directors, officers, employees, consultants and advisors. The stock options, which are subject to the terms and conditions of the Company’s stock option plan, have a five-year term, are exercisable at $0.18 per share and subject to certain vesting requirements.
Discovery Metals Corp. and Levon Resources Ltd. are pleased to announce the successful completion of Discoverys acquisition of Levon, previously announced on May 30, 2019, pursuant to which Discovery has acquired all of the issued and outstanding shares of Levon. With the completion of the Transaction, Discovery is now a leading silver-focused exploration and development company that controls several district-scale projects in Mexico.
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