Tag: Investor’s Corner

Commenting on the transaction, Michael Steinmann, President and Chief Executive Officer of Pan American Silver, said: “The combination of Pan American and Tahoe will establish the world’s premier silver mining company with an industry-leading portfolio of assets, superior growth opportunities and attractive operating margins. This transaction doubles our silver reserves and further improves our cost profile. We will build on that strong foundation, optimizing these high-quality assets to deliver profitable growth and superior returns.”

Galore Resources Inc. is pleased to report that at the Annual and Special General Meeting of its shareholders held November 8, 2018, the Company experienced a very strong turnout of votes. A total of 43 votes were received, representing 68,454,243 shares or 55.86% of the Company’s issued share capital. All resolutions proposed and voted on at the meeting were approved and duly passed.

McEwen Mining Inc. has entered into an equity distribution deal with a group of underwriters in connection with a common share offering that could raise up to US$90 million, the company said. McEwen said the agreement, dated November 8, is with an underwriting group that includes UBS Securities, LLC, BMO Capital Markets Corp., Cantor Fitzgerald & Co., Roth Capital Partners LLC, Wainwright & Co., LLC and Alliance Global Partners.

Sonoro Metals Corp., has granted, under its Share Option Plan, incentive stock options to certain directors, officers and consultants of the Company to purchase an aggregate of 1,050,000 common shares exercisable for a period of up to two years from the date of grant at a price of $0.16 per share. This grant is subject to acceptance for filing by the TSX Venture Exchange. Further, a portion of the grant is subject to disinterested shareholder approval and such options will not be exercisable until the requisite shareholder approval has been obtained.

“I’ve never been more optimistic about the long-term future of Odyssey. Cash on hand, combined with expected revenues and profit sharing from contract work on multiple projects currently underway and forecast to continue for at least another 12 months, provides us the runway necessary to fully execute our strategic plan to become a dominant force in the emerging seafloor minerals space,” stated Mark Gordon, President and CEO of Odyssey Marine Exploration. “We remain confident that the issues with the environmental permit for the Mexican phosphate deposit controlled by ExO will be resolved favorably in the near term. This resource has the strong potential to propel many of the new incoming Administration’s key objectives and plans to positively transform the economy and food security for the benefit of the Mexican people. Success with this project collaterally increases the value of the rest of our portfolio of seafloor mineral projects.

Goldplay Exploration Ltd. is very pleased to congratulate its director, Ms. Laura Cristina Diaz Nieves, on her appointment as the next General Director of Mines in Mexico. As a result of this appointment, Ms. Diaz Nieves is required to relinquish her position as director of the Company at the end of this month.

N. Eric Fier, CPG, P.Eng, and CEO, remarked, “With our continued success at Las Chispas, we are excited to add the necessary people and skill sets to complement our highly experienced and dedicated team. We welcome Pierre’s contribution as we move towards breaking ground on the new decline into the Area 51 zone (Babicanora Vein). Also, Pierre will be supervising preparation of the Preliminary Economic Assessment, targeted for completion in Q1 of 2019. This will allow our exploration team to focus on the ongoing expansion and infill drilling program for an updated resource estimate and resource re-categorization. We are excited to have Pierre join the team as COO to help manage this critical period of development for the Company and we also thank him for his contributions at the board level.”

“Lograr que las minas estén completamente libres de diésel es nuestro objetivo final”, dijo Andrew Draffin, gerente de proyectos de Voltra, un proveedor que ha proporcionado a BHP modelos Toyota LandCruiser adaptados y equipados con un motor eléctrico y baterías de iones de litio. “Comenzamos con vehículos livianos porque es lo más fácil para las empresas probar el concepto eléctrico”.

George Paspalas, President and CEO, commented, “We continue to enjoy watching the consistent advancement of the Juanicipio project. I encourage our shareholders to visit our website to view pictures of the ongoing development. The current drill program to flesh out the Valdecañas Deep Zone has been completed and we are starting to work through the results. As always, the joint venture continues to focus on exploring the balance of the property where many highly prospective targets still remain to be drilled. It is worth remembering that the joint venture has only worked on a very small area of the property.”

Igor Gonzales, President, and CEO of Sierra Metals stated: “I am very pleased with the Company’s performance during Q3 2018. Despite weaker realized metal prices, and harsh weather events at the Bolivar Mine, the Company generated positive cash flow at its three operating mines of $18 million, and our production results were solid. We continue building upon the strong results from the first half of the year. The Company also realized positive returns on our capital investments and our operational improvement efforts at all our Mines. This is best demonstrated through our improving operating performance, strengthening of our asset base, significantly lower cash costs and all-in sustaining costs, strong cash flow year to date as well as increases to the mineral reserves and resources at each of our Mines.”