Tag: Investor’s Corner

Camrova Resources Inc. is pleased to announce that it has entered into a letter of intent with Asesoria y Inversiones MAYG SpA,, a private company incorporated in Chile, to acquire through a Chilean subsidiary to be incorporated all of the issued and outstanding shares of MAYG The Letter of Intent provides for a purchase price payable to the shareholders of MAYG of CDN $2,000,000 to be satisfied by the issuance of approximately 7,692,308 post-consolidated common shares of Camrova. In connection with the Proposed Acquisition, Camrova will seek shareholder approval to approve the consolidation of its common shares on a 4:1 basis. Following completion of the Proposed Acquisition, it is anticipated that the current shareholders of Camrova will hold approximately 11% of the common shares.

La empresa Torex Gold informó que pagó derechos por sus actividades en la minería en México por 11.9 millones de dólares en 2018, una alza interanual de 85.9 por ciento.

Starcore International Mines Ltd. has filed the results for the third quarter ended January 31, 2019 for the Company and its mining operations in Queretaro, Mexico. The full version of the Company’s Financial Statements and Management’s Discussion and Analysis can be viewed on the Company’s website at www.starcore.com, or SEDAR at www.sedar.com.

Newmont Mining Corporation today announced that, in connection with the anticipated combination of Newmont and Goldcorp Inc., Newmont has commenced offers to exchange any and all outstanding notes issued by Goldcorp for (1) up to $2,000,000,000 aggregate principal amount of new notes to be issued by Newmont and (2) cash, in each case, as set forth in the table below.

“Our ability to operate in a socially and environmentally responsible way is foundational to our success as a business, and an important part of who we are as a company,” said Don Lindsay, President and CEO. “That’s why at Teck we make sustainability a part of everything we do. Throughout 2018, we were able to advance our work in sustainability while at the same time achieving record revenues, record EBITDA and record annual profit.”

Bacanora Lithium confirmed on Thursday that it is in talks with a number of potential cornerstone investors as it looks to secure $460m funding for the Sonora Lithium project in Mexico in the second quarter.

Aura Resources Inc. is pleased to provide an update on the progress of its corporate initiatives and announces the initiation of a private placement financing.

Leagold CEO Neil Woodyer commented: “2018 was a transformational year as we grew into a diversified, multi-mine operator with four mines in two countries. In only two years, we have completed two significant acquisitions and established Leagold as a mid-tier gold producer. We are now producing gold at an annual rate of about 400,000 oz per year. Our internal growth projects have potential to grow production to 700,000 oz per year. These growth projects are the expansion of the Los Filos mine complex and the restart of construction of the Santa Luz project. Both have recently completed feasibility studies. We are advancing with construction planning and optimizing the sequencing of the major expansion projects as part of our financial planning.”

Bacanora Lithium PLC on Thursday said it continue to focus on securing USD460 million on funding for the Sonora lithium project in Mexico in the second quarter of 2019.

GOLDCORP INC. announced today that Mr. Ian Telfer, the Chairman of Goldcorp, has informed Newmont Mining Corporation that he will not be joining the Newmont Goldcorp Board of Directors upon completion of the proposed acquisition of Goldcorp by Newmont. Mr. Telfer is focusing all of his efforts on having the Goldcorp shareholders approve the pending transaction with Newmont.