The report written by Cesar gives a clear outline as to our plans for this property. A 43-101 report with a proven resource will give us a bankable reserve moving forward. We are speaking to multiple parties who have shown interest in helping with a drill program, added Mexus CEO Paul Thompson.
“This funding is a viable alternative to raising equity in the current capital markets and will enable Colibri to continue our goal of expanding and further confirming our resources: stated Ronald J. Goguen, President of Colibri.
The Report is based on technical inputs from various independent consulting groups, including; SRK, Redco, Anddes, Kappes Cassiday and Flopac and was compiled under National Instrument 43-101 standards by Mining Plus Peru SAC. There are no material differences in the Preliminary Economic Assessment results contained in the Report from those disclosed in the June 18, 2018 news release.
Equinox Gold Corp. and Solaris Copper Inc. are pleased to announce that they have completed the previously announced plan of arrangement under the Business Corporations Act with Equinox Golds securityholders effective as at 12:01 a.m. (Vancouver time) on August 3, 2018.
ValOro Resources Inc. [TSX-V: VRO] today announced the appointment, effective August 1, 2018, of Dunham Craig as ValOro’s President and Chief Executive Officer in place of Kiran Patankar, who has resigned. Graham Thody has assumed the position of Chairman of the Board, in the place of Mr. Craig. Mr. Patankar has also resigned as a Director of the Company.
Harvest Gold Corporation (TSX.V: HVG) is pleased to announce that, further to its news releases of June 8, 2018 and June 22, 2018, it has closed a third tranche of its non?brokered private placement issuing an additional 3,550,000 units at a price of $0.05 per Unit, raising additional gross proceeds of CDN$177,500 for a total of CDN$657,100 gross proceeds raised (net proceeds $609,200) to this point in the Private Placement. Each Unit consists of one common share and one transferable common share purchase warrant exercisable at $0.10 per share for a period of two years.
Goldplay Exploration Ltd. is pleased to announce the appointment of Mr. Trevor Woolfe to the newly created position of Vice President, Corporate Development and Exploration. As Vice President, Corporate Development and Exploration, Mr Woolfe will identify and assess new opportunities with the potential to grow the Company, engage in investor relations and marketing, raise the Company profile in the investment community and enhance its shareholders’ value, as well as providing management support to ongoing exploration activities. Mr. Woolfe will report directly to the President and CEO of Goldplay, Mr. Marcio Fonseca.
Bradford Cooke, Endeavour CEO, commented, Our financial performance in Q2, 2018 was tempered by higher depreciation and depletion charges primarily at Guanacevi, higher foreign exchange losses related to depreciation of the Mexican peso, higher current taxes primarily at Bolanitos and El Cubo and increased expenditures advancing Terronera and exploring Parral.”
Mr. Bannantine added, “Our Q2 2018 financial results were also impacted by higher costs at the Guananjuato Mine Complex as we experienced narrower vein widths than our model anticipated. Despite this, we are maintaining our cost guidance for the year, as we expect the trend in Q2 to reverse in the remainder of the year based on our recent drill results and development to date to access these drilled targets. We continue to maintain a strong balance sheet with approximately $60 million of cash and short-term investments and no debt, which is more than sufficient to fund the development of Coricancha. Further, we expect our Mexican operations will continue to provide cash flow to fund the Company’s ongoing requirements.”
With near record production in the second quarter, we came in slightly ahead of expectations and remain well positioned to achieve full year guidance. This reflected another strong outperformance from Mulatos and Island Gold, with production guidance for both mines increased for the second consecutive quarter, said John A. McCluskey, President and Chief Executive Officer.
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