Tag: Investor’s Corner

Fortuna Silver Mines Inc. is pleased to reportproduction results for the third quarter of 2018 from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The Company produced 2.2 million ounces of silver and 12,542 ounces of gold, plus base metal by-products. Silver and gold production for the first nine months totaled 7.0 million ounces and 42,140 ounces respectively; being 13 percent and 16 percent above the Company´s nine month projection. Fortuna is on schedule to produce 8.3 million ounces of silver and 48.3 thousand ounces of gold or 11.4 million Ag Eq ounces in 2018 in accordance with our production guidance.

Leagold Mining Corporation reports that Adriaan “Attie” Roux has been appointed to a newly created role of Chief Operating Officer for an initial term of six months. Mr. Roux is a Metallurgical Engineer with over 40 years of operational, technical and executive management experience in the mining industry.

The Company’s non-brokered equity private placement financing has been increased to CA$2.5 from the previously announced $1.2 million. The Company has raised to-date about CA$1.9 million and expects to close by November 5. The proceeds of these Financings will be used for ongoing drilling program, maintenance fees and option payments on the Company’s Samalayuca Copper Project, and for fees and work related to its Cumeral and La Tuna projects in Mexico, general administration costs in Canada and Mexico and for working capital.

Igor Gonzales, President, and CEO of Sierra Metals commented: “I am pleased to see continued improvements in the production results for Q3 2018 including notable increases to consolidated metal production of silver, copper, zinc, and gold. In the third quarter the Company continued to build upon its strong performance in the first half of the year, despite the weather challenges we experienced at Bolivar. The Yauricocha Mine reported sequential solid production results, and the Cusi Mine continued with its tonnage improvements.”

Capstone Mining Corp. announced production results for the three and nine months ended September 30, 2018. Combined production totalled 21,400 and 60,600 tonnes of copper in the third quarter and year-to-date periods, respectively, with additional by-products of zinc, molybdenum, lead, silver and gold.

The net proceeds from Private Placement will be used by the Company to cover the Company’s requirement to contribute funding to the Tahuehueto Mine’s construction rehabilitation and operation under its loan agreement with Trafigura Mexico, S.A. de C.V., and for general working capital purposes.

Oroco Resource Corp. is pleased to announce that Oroco has entered into a definitive option agreement with Altamura Copper Corp. and its shareholders whereby the Optionors have granted to Oroco the exclusive option to acquire the remaining issued and outstanding common shares of Altamura not owned by Oroco. The Company currently holds an approximate 13% equity interest in Altamura.

Aloro Mining Corp. announces that, subject to regulatory approval, it has arranged a non-brokered private placement financing of up to 10,000,000 common shares at a price of $0.10 per Share for gross proceeds of up to $1,000,000.

Galore Resources Inc. reports the closing of its previously announced non-brokered private placement of units of the corporation for gross proceeds of CDN$419,577.10.

Plata Latina Minerals Corporation announced that Mr. Robert B. Blakestad has resigned as Director of the Company for a personal reason. Mr. Blakestad has served on the Company’s board of directors since 2012.