Tag: Investor’s Corner

“Despite the recent volatility of commodity prices, activity levels continued to grow this quarter, ” said Denis Larocque, President and CEO of Major Drilling Group International Inc. “This growth was led by our international operations as South and Central American revenue was up 41% and Asian and African revenue was up 58% compared to last year. In Canada – U.S., our revenue was relatively flat as we concentrated on higher margin contracts due to the high level of labour utilization experienced in these operations, while still facing competitive pressures. With the market improving and our continued efforts on recruitment and training, we should see revenue start to grow in these regions in the coming quarters.”

Evrim Resources Corp. is pleased to announce that, further to its previous announcement on August 28, 2018, the Company has closed its private placement with Newmont Canada Corporation, a wholly owned subsidiary of Newmont Mining Corporation. A total of 4,848,401 shares of the Company were issued to Newmont at a price of $1.50 per share for gross proceeds of $7,272,601.50.

“During the second quarter we saw the beginning of the turnaround in our mining operations.” stated Carlos Silva, Chief Operating Officer of Santacruz. “Although the positive changes to our production volumes and operating costs were modest we firmly believe that we are now on the path to improved operating results at both Veta Grande and Rosario.” Mr. Silva continued, “With the mill expansion at Veta Grande completed and a better delineated mine plan on its way, our focus now is to improve underground stope production at both mines. Anticipated improvements include an increase to the grade of mineralized material being fed to both mills as well as higher metal recoveries which are expected to result in increased production and a lower unit cost of production.”

Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased to have partners and be taking steps ourselves in advancing our portfolio of high-quality precious and base metal projects toward unlocking the next big discovery in Mexico. We appreciate the support and contributions from our shareholders and diverse exploration team as we see many stock catalysts in the coming months including our particular excitement with the Cecilia Project and its news flow to come in early September.“

Bradford Cooke, Endeavour CEO, commented, “Enhanced cost discipline is the prudent course of action for mining companies during times of lower metal prices, especially when investing to develop new mines. This austerity program is our proactive response to the current low metal prices. Once metal prices recover, Endeavour Silver will be in a position to deliver more robust returns thanks to improved operational performance and a strong growth profile.”

The Company and Contracuña have agreed to amend the terms of the Option Agreement to acquire 100% ownership of the Veta Grande Project, including the Veta Grande mine and milling facility as well as the Minillas property located in Zacatecas, Mexico.

“The investment by Newmont is a strong endorsement for the potential of the Cuale gold project,” commented Evrim’s CEO Paddy Nicol. “Evrim and Newmont have established a strong exploration relationship for several years undertaking targeted generative exploration in two areas of North America, and this investment is a natural evolution of that relationship. We are pleased to once again utilize Newmont’s technical knowledge and expertise in high sulphidation gold systems to advance Cuale.”

Clúster Minero de Sonora A.C. realizará en septiembre el 11vo. Encuentro de Negocios con la participación de Peñoles, Metallorum, Fresnillo PLC, First Majestic, Argonaut Gold y Agnico Eagle en Magdalena de Kino.

The Company intends to use the net proceeds of the Offering for continued drilling, geological, engineering and metallurgical investigations and associated consulting services on its Manto Negro Copper Project located in Coahuila State, Mexico.

Sable Resources Ltd. is pleased to announce a warrant exercise incentive program designed to encourage the early exercise of up to 27,205,500 of its outstanding unlisted warrants exercisable for common shares of the Company. The Warrants are currently exercisable at a price of $0.25 per Common Share until September 8, 2019.