Tag: Investor’s Corner

Golden Reign Resources Ltd. and Marlin Gold Mining Ltd. are pleased to announced that Marlin has been granted the final court order from the Supreme Court of British Columbia approving the plan of arrangement under the Business Corporations Act (British Columbia), pursuant to which and subject to the terms of the Arrangement Agreement date August 3, 2018, between Golden Reign and Marlin, Golden Reign will acquire all of the issued and outstanding common shares of Marlin on the basis set forth in the Arrangement Agreement which is available under each company’s SEDAR profile at www.sedar.com.

As a result of a review by the British Columbia Securities Commission, Advance Gold is issuing the following news release to clarify the disclosure in its news release of Oct. 29, 2018.

“We made excellent progress in the third quarter towards both our near and long-term objectives. We met our quarterly production guidance and remain well positioned to achieve full year guidance. We completed the Phase I expansion at Island Gold on schedule and are having ongoing success on the exploration front which has translated into significant Mineral Reserve and Resource growth in the year since we acquired the mine. We’re also advancing on the lower mine expansion at Young-Davidson which will unlock the full potential of the mine and drive significant free cash flow growth,” said John A. McCluskey, President and Chief Executive Officer.

Industrias Peñoles se posicionó como el mayor productor de zinc de México en 2017, en gran medida gracias al arranque de la mina Velardeña, de acuerdo con información de la Cámara Minera de México (Camimex).

“This funding, when combined with the expected future revenue from contracted projects and profit participation from the current recovery project under contract, is expected to fund Odyssey into 2020, based on our current budgets,” stated Mark Gordon, President and CEO of Odyssey Marine Exploration. “The proceeds from this offering also give us flexibility to take advantage of new strategic opportunities that have the potential to deliver significant value in the near future and allow us to accelerate early stage production development or other expenses for our Mexican phosphate project.”

“It was a tough quarter that is not representative of the many operational improvements made at Platosa in recent quarters,” stated Brendan Cahill, President and CEO. “In addition to lower production, financial results were impacted by lower by-product prices and associated provisional price adjustments, which have affected the whole market.”

“Our revenues for the third quarter of 2018 were down compared to the same quarter last year due primarily to lower metal prices, lower production levels, and a large shipment of concentrate which could not be shipped until just after the end of quarter cut-off”, stated Jim Bannantine, President and CEO. “These factors combined with higher cash costs at our Guanajuato Mine Complex in Mexico, higher corporate development costs, and the ramp up of Coricancha project costs, which we are expensing as opposed to capitalizing, accounted for a loss per share of $0.02 in the third quarter. Despite the current metal price environment, we are using our strong balance sheet to set a foundation for growth in 2019 by advancing our Coricancha project and advancing the close of the recently announced friendly acquisition of Beadell Resources Limited. These strategic initiatives represent transformational changes which will see Great Panther evolve into a leading emerging intermediate and growth-oriented Latin American focused precious metals producer.”

Marlin Gold Mining Ltd. is pleased to announce that at the special meeting of shareholders of the Company held on October 30, 2018, shareholders of Marlin voted in favour of a special resolution to approve the plan of arrangement and certain connected transactions, pursuant to which Golden Reign Resources Ltd. will acquire all of the issued and outstanding shares of Marlin in exchange for 0.5138 of a Golden Reign common share for each Marlin Share by way of a court-approved plan of arrangement .

Sailfish Royalty Corp. is pleased to announce that, at the annual and special meeting of shareholders of the Company held on October 30, 2018, shareholders of Sailfish voted in favor of the restructuring of the Company’s gold stream on the San Albino gold project. Shareholders also approved all of the other matters brought before the Meeting.

SilverCrest Metals Inc. is pleased to announce the appointment of Hannes Portmann to the Board of Directors replacing George Sanders, who is retiring from the Board. SilverCrest is also pleased to provide a brief update of ongoing activities at the Las Chispas project.