Tag: Investor’s Corner

Starcore International Mines Ltd. announces production results for the third quarter of fiscal 2019, ended January 31, 2019, at its San Martin Mine in Queretaro, Mexico.

PRIZE MINING CORPORATION announces that pursuant to the Alberta Securities Commission order of February 12, 2019 with respect to Prize, the Company is providing additional disclosure with respect to its previously issued news release on June 21, 2018 headlined “Prize Mining Announces Amended Terms of Non-Brokers Private Placement and Major Lead Orders” and the July 6, 2018 closing of such non-brokered private placement.

Cerro San Pedro Mine. During the year closure activities will continue that primarily focus on closing and reclaiming mine infrastructure while working closely with local communities and governments in order to leave a positive legacy.

Reserves in stable jurisdictions are a mining company’s most important asset. Hecla now has the largest reserve in its 128-year history and its largest single year increase because of exploration. The increase reflects the quality of the districts we control; our long-term, consistent strategy; and the capturing and use of all the data that long-lived mines have, said Phillips S. Baker, Jr., President and CEO.

As a result of the previously announced acquisition of the Company by Newmont Mining Corporation for approximately $10 billion, Goldcorp recognized a non-cash impairment of $3,879 million (net of tax) representing the difference between the book value of the Company’s shareholder’s equity and the Newmont offer. Accordingly, the net loss for the fourth quarter of 2018 was $3,984 million or $4.58 per share, compared to net earnings of $242 million or $0.28 per share, for the fourth quarter of 2017.

To date, the Company is of the view that Isatis Capital has not fulfilled its obligations under its agreement with the Company and there has been no material progress on the credit facility. This lack of performance has affected the Company’s ability to move forward in the timely development of the Guadalupe property as planned.

Riverside Resources Inc. is pleased to announce that it plans to complete a non-brokered private placement of up to 9,375,000 units at a price of $0.16 per unit to raise aggregate proceeds of C$1,500,000.

Peter Secker, CEO, of Bacanora Lithium, commented: The common thread linking Hanwa, the Japanese battery metals trader; SGRF, the sovereign wealth fund of the Sultanate of Oman; RK Mine Finance, the debt provider; Citigroup and Canaccord, the global investment banks, is that they have all joined with Bacanora to assist in securing the funding package for a 35,000tpa lithium carbonate operation at our Sonora project.

“2018 was another very good year for Teck,” said Don Lindsay, President and CEO. “We achieved record earnings of $3.1 billion and record EBITDA of $6.2 billion, we were very pleased with the extremely successful start-up of production at Fort Hills and we announced the sanctioning of our Quebrada Blanca Phase 2 project and a US$1.2 billion partnering transaction. Our financial position remains very strong, leaving us well positioned for the coming year.”

At San Francisco, the previously announced processing of low-grade stockpile material through the crushing circuit is working well. In January, approximately 528,770 tonnes of stockpile grading 0.306 g/t gold were stacked on the leach pads. Gold production for the month of January was consistent with Q4 production at approximately 3,890 ounces. There are sufficient stockpiles to operate at this capacity throughout 2019 and the Company is continuing to develop an engineered plan for recommencing mining activities.