Azure’s Managing Director, Mr Tony Rovira commented: “We have made excellent progress during the last quarter, in particular the completion of the Mesa de Plata resource drill out. The Mineral Resource is in the final stage of estimation and is expected to be released shortly. Azure has rapidly progressed Mesa de Plata from first discovery in September 2015 and we are confident that the resource estimate will demonstrate the significance of the Project.
Month: April 2016
Cyprium Mining Corporation announces closing of private placement and other corporate transactions
MONTREAL, April 28, 2016 /CNW/ – Cyprium Mining Corporation (TSXV: CUG) (“Cyprium” or the “Company“) is pleased to announce that it has completed a second closing of its previously announced private placement of up to 8,000,000 units (the “Units”) at a price of $0.065 per Unit for gross proceeds of up to $520,000 (the “Offering”). In this closing, Cyprium issued 2,300,000 Units for gross proceeds of $149,500 (the “First Tranche”). Each Unit is comprised of one (1) common share in the capital of the Corporation (“Common Share”) and one (1) share purchase warrant of the Corporation (“Warrant”). Each Warrant will be exercisable into one Common Share at an exercise price of $0.10 expiring two (2) years from the date of issuance.
Golden Minerals Reports First Quarter 2016 Results
GOLDEN, Colo., April 29, 2016 /PRNewswire/ — Golden Minerals Company (“Golden Minerals” or the “Company”) (NYSE MKT: AUMN and TSX: AUM) announces results for the first quarter ended March 31, 2016.
First Quarter Summary
- Revenue of (US)$1.5 million in the first quarter 2016 compared to $2.3 million in the first quarter 2015
- Loss from operations of $2.3 million compared to a loss of $5.0 million in the first quarter 2015
- Net loss of $6.3 million in the first quarter 2016, including $3.9 million of noncash expenses related to the Company’s warrants and convertible loan, compared to a net loss of $3.4 million in the first quarter 2015 that included $0.7 million in noncash income related to the Company’s warrants
- Cash and equivalents balance of $2.1 million as of March 31, 2016
Argonaut Gold Announces $30 Million Revolving Credit Facility, Updated Preliminary Economic Assessment and Permitting Advancement at San Agustin
TORONTO, ONTARIO–(Marketwired – April 29, 2016) – Argonaut Gold Inc. (TSX:AR) (“Argonaut”, “Argonaut Gold” or the “Company”) is pleased to announce that it has entered into a $30 million revolving credit facility. Additionally, the Company is pleased to highlight results of an updated Preliminary Economic Assessment (“PEA”) for its 100% owned San Agustin gold project in Durango, Mexico prepared by Kappes, Cassiday & Associates (“KCA”), Resource Modeling Inc. (“RMI”) and Argonaut Gold’s management team. In accordance with National Instrument (“NI”) 43-101, a Technical Report will be filed within 45 days. The Company also announces it has received approval on the San Agustin Environmental Impact Study from the Mexican Environmental Authority (SEMARNAT). All dollar amounts are in United States dollars unless otherwise stated.
Agnico Eagle Reports First Quarter 2016 Operating and Financial Results – Continued Strong Operational Performance – Amaruq, El Barqueno and Barsele Drill Programs Yield Positive Results
TORONTO, April 28, 2016 /CNW/ – Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) (“Agnico Eagle” or the “Company”) today reported quarterly net income of $27.8 million, or $0.13 per share, for the first quarter of 2016. This result includes unrealized gains on financial instruments of $9.6 million ($0.04 per share), non-cash foreign currency translation gains on deferred tax liabilities of $8.0 million ($0.04 per share), non-cash foreign currency translation losses of $6.8 million ($0.03 per share), non-cash stock option expense of $5.9 million ($0.03 per share), non-recurring losses of $1.9 million ($0.01 per share) and various mark-to-market and other adjustment losses of $0.9 million (nil per share). Excluding these items would result in adjusted net income of $25.7 million or $0.12 per share for the first quarter of 2016. In the first quarter of 2015, the Company reported net income of $28.7 million or $0.13 per share.
Arian Silver raised £700,000
http://www.ariansilver.com/news/placing-to-raise-gbp700-000
Arian Silver Corporation (“Arian Silver” or the “Company”) is pleased to announce that it has raised £700,000, before expenses, through the placing of 70 million units (“Units”) of 1p each (“the Placing”) through its broker Beaufort Securities Limited.
Each Unit comprises one new common share (“New Common Share”) and one-half new share warrant (“Warrant”), which entitles the holder to subscribe for one New Common Share at 1.5p. The expiry date of each Warrant will be 28 April 2019.
Gainey Provides Corporate Update on AGM Results
VANCOUVER, BC / ACCESSWIRE / April 28, 2016 / Gainey Capital Corp. (TSXV: GNC) (OTC: GNYPF) (“Gainey” or the “Company”) is pleased to announce a record number of shareholders voting at the Company’s AGM on Wednesday, March 30, 2016 which includes a 99.98% vote in favour of the current Gainey management.
The Company’s management team is looking forward to a strong 2016 with numerous Mineral Processing agreements expected to commence within the year as well as a Phase 1 drill program projected to start in May, 2016, on the Company’s El Colomo project.
SilverCrest Announces Additional High Grade Underground Results At Las Chispas; Commencement of Surface Drilling Program
VANCOUVER, April 28, 2016 /CNW/ – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce additional results from the underground channel sampling program and the commencement of a surface drilling program at its Las Chispas Project (“Las Chispas”) located in Sonora, Mexico, as previously announced on March 2, 2016. Las Chispas is in a prolific mining area with nearby precious metal producers. Historical reports indicate the presence of 14 veins in the district of which only three (Las Chispas, William Tell and Babicanora) have been previously mined extensively in the early 1900s, but none of which appear to have been drilled.
Telson Resources Inc. Closes Non-Brokered Private Placement
Vancouver, British Columbia / TheNewswire / April 27, 2016 – Telson Resources Inc. (TSX Venture – TSN) (“Telson” or the “Company“) is pleased to announce that it has closed its non-brokered private placement originally announced on March 1, 2016, consisting of 12,367,333 units of the Company at a price of $0.12 per unit for gross proceeds of $1,484,080. Each unit is comprised of one common share and one half of one whole transferable share purchase warrant. Each whole share purchase warrant entitles the holder thereof to purchase one additional common share of the Company at $0.12 within twenty-four (24) months from closing. All securities issued under the non-brokered private placement are subject to a hold period expiring four months and one day after the closing date. Total issued and outstanding shares in the Company after completion of the private placement is 92,885,578.
Bacanora Announces Appointment of New Director and Option Grant
CALGARY, ALBERTA–(Marketwired – April 27, 2016) – BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (TSX VENTURE:BCN)(AIM:BCN), the London and Canadian listed lithium and borates company focussed on Mexico, is pleased to confirm the previously announced appointment of Mark Hohnen as a Director of the Company with immediate effect (see the Company’s announcement released on November 26, 2015).