Goldcorp Reports First Quarter 2016 Results

VANCOUVER, April 27, 2016 /CNW/ – GOLDCORP INC. (TSX: G, NYSE: GG) today reported its first quarter 2016 results.  Adjusted operating cash flows1,2 were $330 million, compared to adjusted operating cash flows of $366 million, in the first quarter of 2015.  The decrease in adjusted operating cash flows were primarily attributable to lower cash flow from Alumbrera and Pueblo Viejo.  Net earnings for the quarter were $80 million, or $0.10 per share, compared to a net loss of $87 million, or $0.11 per share, in the first quarter of 2015.

Coeur Reports First Quarter 2016 Results

Coeur Mining, Inc. (the “Company” or “Coeur”) (NYSE: CDE) reported first quarter 2016 revenue of $148.4 million, adjusted EBITDA1 of $34.6 million, adjusted net loss1 of $0.04 per share, and cash flow from operating activities of $6.6 million2. The Company sold 3.5 million ounces of silver and 79,091 ounces of gold and during the quarter.

Adjusted all-in sustaining costs per realized silver equivalent ounce1 of $13.73 dropped 14% compared to the same quarter last year (9% decline assuming a constant 60:1 ratio). Adjusted costs applicable to sales per realized silver equivalent ounce1 of $11.08 declined 14% compared with the first quarter last year (12% decline assuming a constant 60:1 ratio). Adjusted costs applicable to sales per gold equivalent ounce1 of $721 declined 10% compared to the first quarter last year.

New Gold delivers 2016 first quarter production at significantly lower costs

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TORONTO, April 27, 2016 /CNW/ – New Gold Inc. (“New Gold”) (TSX:NGD) (NYSE MKT:NGD) today announces its 2016 first quarter results and provides an update on the construction of the company’s Rainy River project.


  • Gold production of 90,811 ounces and copper production of 25.4 million pounds
  • All-in sustaining costs(1) of $758 per ounce, including total cash costs(2) of $354 per ounce
  • Cash generated from operations before changes in non-cash operating working capital(3) of $62 million
  • Cash generated from operations of $62 million
  • Adjusted net loss(4) of $nil million, or $nil per share
  • Net earnings of $27 million, or $0.05 per share
  • Rainy River construction 30% complete at March 31, 2016 with $82 million in project capital expenditures during the quarter
    • Construction currently 35% complete
  • March 31, 2016 cash balance of $298 million

Endeavour Silver Revises Q1 Earnings Date to May 5, 2016

VANCOUVER, BC–(Marketwired – April 27, 2016) – Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) has revised the date of its First Quarter, 2016 financial results. The results will now be released before market on Thursday, May 5, 2016 and a telephone conference call will be held at 10:00am PDT (1:00pm EDT) on Thursday, May 5, 2016.

Capstone Mining 2016 First Quarter Production Results

Vancouver, British Columbia – Capstone Mining Corp. (“Capstone”) (TSX: CS) today announced production results for the three months ended March 31, 2016. Combined production totalled 24,600 tonnes of copper, with additional by-products of zinc, molybdenum, lead, silver and gold.

Pan American Invests in Kootenay Silver to Maintain 10% Ownership

VANCOUVER, April 26, 2016 /CNW/ – Kootenay Silver Inc. (TSXV: KTN) (“Kootenay”) and Pan American Silver Corp. (TSX: PAA, NASDAQ: PAAS) (“Pan American”) are pleased to announce that, following the issuance of Kootenay’s common shares as consideration for Kootenay’s acquisition of Northair Silver Inc. (see Kootenay press release dated April 21, 2016) as well as Kootenay’s acquisition of the two and a half percent (2.5%) net smelter returns royalty from Coeur Capital, Inc. with respect to the future production of Kootenay’s La Cigarra project (see Kootenay press release dated March 29, 2016), Pan American has exercised its second tranche option to subscribe for additional common shares of Kootenay in order to maintain a ten percent (10%) ownership interest in Kootenay’s issued and outstanding shares (see Kootenay press release dated February 26, 2016) (the “Second Tranche Option“) in accordance with the Subscription Agreement dated February 15, 2016 entered into between Pan American and Kootenay, as amended (the “Subscription Agreement“).  As a result, Pan American intends to subscribe for 6,793,550 additional Kootenay common shares for an aggregate subscription price of CAD$1,553,431 (the “Subscription Price“).

Corex Gold Announces Shares for Debt Settlement

Vancouver, BC – April 25, 2016, Corex Gold Corp. (“Corex” or the “Company”) announces subject to TSX Venture Exchange (“Exchange”) approval, has agreed to settle an aggregate amount of $176,400 owed to related and non-related parties (the “Debt Settlement”) to be settled by the issuance of approximately 2,205,000 common shares at a deemed issue price of $0.08 per share.

Endeavour Silver Completes US$16 Million At-the-Market Equity Financing

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VANCOUVER, BC–(Marketwired – April 26, 2016) – Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) has completed the previously announced At-the-Market (ATM) offering for up to US$16.5 million. Under the ATM, Endeavour sold 8,017,694 shares for net proceeds of US$16.0 million. The funds will be used to advance exploration and development of the Terronera project, expedite brownfields exploration and development programs at existing mines, and add to working capital.

Ore deposit types present in the Trans-Mexican Volcanic Belt

The Trans-Mexican Volcanic Belt (TMVB) is an active magmatic arc related to subduction of the Rivera and Cocos plates beneath the southern edge of the North America Plate. The TMVB products cover older features of the cordillera over a broad region in central Mexico.

TMVB resources as a function of ore deposit styles include fifteen mining properties with published resources to date of which eleven are low-sulphidation epithermal ore deposits, three deposits are of intermediate-sulphidation epithermal affinity, and just one is a high-sulphidation epithermal deposit.

Other TMVB ore deposit styles with past production but as yet undetermined resources include, volcanogenic massive sulphide (VMS) deposits such as Cuale and Autlan in Jalisco, and Aire Libre in Puebla; porphyry copper deposits such as El Cobre in Veracruz, Agua Blanca and La Sorpresa in Jalisco, and Tiamaro in Michoacan; and skarn deposits such as Las Minas-Tatatila in Veracruz, and Tlamanca and La Preciosa in Puebla.

In the image below, a color anomaly from the El Coporo project, Michoacan State.

anomalia de color_el cóporo_mich


Minera Alamos Inc. Raises Ceiling for Ongoing Private Placement

TORONTO, ONTARIO–(Marketwired – April 25, 2016) – Minera Alamos Inc. (TSX VENTURE:MAI) (the “Company” or “Minera Alamos“) announced its intention to raise the ceiling for the private placement previously announced on February 16, 2016 (the “Offering“) from $3 million to $4 million.

Up to 40,000,000 Units are issuable pursuant to the Offering at a price of $0.10 per Unit. Each Unit consists of one common share in the capital of the Company and one half (1/2) of common share purchase warrant. Each whole warrant entitles its holder to purchase one common share in the capital of the Company at an exercise price of $0.15 per share for a period of 3 years from the date of issuance. IBK Capital Corp. (the “Agent“) has been engaged by the Company to facilitate the Offering. Upon closing of the Offering, the Agent will receive a cash commission equal to 8% of the gross proceeds of the Offering. The Agent will also receive an option to acquire such number of Units of the Company as is equal to 8% of the Units sold under the Offering at an exercise price of $0.10 per Unit for a period of 3 years from the date of issuance.