Tag: Investor’s Corner

“We achieved the higher end of our guidance for the year, while also advancing our previously announced realignment of Mexican operations to reduce mining from higher cost areas of our Guanajuato Mine which, along with the San Ignacio Mine, forms our Guanajuato Mine Complex”, stated James Bannantine, President & CEO. “This strategy was taken in response to lower metal prices to reduce our cost profile.”

“We are pleased to report a strong fourth quarter at both Rainy River and New Afton. It is encouraging to see the improvement in overall performance achieved at Rainy River in the final four months of the year. This marks a pivotal turning point for Rainy River as we reposition the asset for long-term success. The stronger production delivered during these months allowed the operation to comfortably meet revised annual production guidance. The New Afton Mine reported solid quarter-over-quarter results throughout the year and exceeded annual gold production guidance while meeting the high end of annual copper production guidance,” stated Renaud Adams, CEO.

“An essential part of our strategy is building a team that can discover, develop and operate mining assets so that we can fully realize on the next bull market in metals,” stated Brendan Cahill, President and CEO. “Just as great mining assets have been increasingly rare in recent years, the demographic gap in mining portends the same for the industry’s most important asset – people. Marcello’s global experience optimizing and evaluating projects will play an important role in improving our existing operations and growing our business for the long term.”

Silver One Resources Inc. is pleased to announce that it has closed its previously announce private placement financing by issuing 4,158,334 Units at a price of C$0.15 per Unit for gross proceeds of C$623,750. Silver One also wishes to comment on the recent high level of trading activity that has occurred. The Company is not aware of any other specific factors, other than information previously disclosed in its public filings, news releases or statements, which would result in the levels of trading activity and change in the share price recorded in recent days.

Sable Resources Ltd is pleased to release its 2018 Exploration Program Summary. The summary covers Sable’s projects in multiple jurisdictions including Mexico, Argentina, Peru, and Canada.

Glenn Jessome, President and CEO of Oceanus, commented: “Since acquiring the El Tigre Property at the end of 2015, we have completed in excess of 12,000 metres of diamond drilling, generated a 43-101 mineral resource estimate containing indicated resources of 661,000 gold equivalent ounces and inferred resources of 341,000 gold equivalent ounces, and our experienced exploration team has identified several additional high-priority exploration targets located to the south, north and north-east of the resource area. With the favorable El Tigre Formation having been followed for more that 10 kilometres, we believe that we have the makings of a district-scale system. We are still in the early days of unlocking the potential of the large land package we have at El Tigre and look forward to further exploration success in 2019.”

Ore production of 4,072 t at grades of 10.20% Zinc, 2.4% Lead. Commercial production achieved during the month.

“The completion of this reverse split marks an important step in the recapitalization we have accomplished over the course of the last year,” said W. Pierce Carson, President and CEO of Magellan. “We believe this reverse split will increase the attractiveness of our stock to investors and ultimately facilitate the raising of additional capital to support our growth plans.”

Leagold CEO Neil Woodyer commented: “2018 was a transformative year for Leagold, as we evolved from a single mine operator into a diversified group with four mines in two countries. Among our Brazilian mines, Fazenda and Pilar both performed as expected in Q4, and the RDM mine was restarted ahead of schedule in late November when the rainy season replenished water supplies. In Mexico, the Los Filos mine demonstrated significant production growth with 25,404 oz produced in December as gold recovery rates are normalizing and resulting in a new record quarterly production of 58,201 oz since our acquisition of the mine in April 2017. “