Click to access GRC-2016-12-27-1.pdf
COLORADO SPRINGS – December 27, 2016 – Gold Resource Corporation (NYSE MKT: GORO) (the “Company”) declares its monthly instituted dividend of 1/6 of a cent per common share for December 2016 payable on January 23, 2017 to shareholders of record as of January 11, 2017. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA.
VANCOUVER, Dec. 27, 2016 /CNW/ – Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAA) (“Pan American” or the “Company”) has acquired ownership and control of an additional 10,000,000 common shares of Maverix Metals Inc. (TSXV: MMX) (“Maverix”) through the exercise of 10,000,000 previously acquired common share purchase warrants with an exercise price of US$0.546 per common share (the “Common Shares”) on December 23, 2016, for gross proceeds to Maverix of US$5,460,000 (the “Warrant Exercise”). Pan American has also acquired ownership and control of an additional 6,500,000 Maverix common share purchase warrants with an exercise price of US$1.204 per common share of Maverix, such warrants expiring on July 8, 2021 (“Replacement Warrants”). The Warrant Exercise and the issuance of the Replacement Warrants were carried out as part of an early warrant exercise incentive arrangement with Pan American in connection with a transaction between Maverix and Gold Fields Netherlands Services BV and certain of its affiliates, which closed on December 23, 2016. The Company continues to hold 10,000,000 previously acquired common share purchase warrants exercisable for US$0.78 per common share expiring in July 2021 (“Existing Warrants”).
http://www.stockhouse.com/news/press-releases/2016/12/27/primero-receives-nyse-notice
TORONTO, ON–(Marketwired – December 27, 2016) – Primero Mining Corp. (“Primero” or the “Company”) (TSX: P) (NYSE: PPP) today announced that is has received formal notification from the New York Stock Exchange (“NYSE”) of its non-compliance with the exchange’s continued listing standards for minimum trading price.
Primero has formally replied to the NYSE notification with the Company’s intention to restore compliance to the minimum share price criteria within the prescribed time frame.
During the third week of December at least sixteen press releases were announced by companies working in Mexico. ON EXPLORATION, in Chihuahua, drilling continues at one property, while prospecting advances in one other. In Zacatecas one property sees early geological reconnaissance while other sees the commencement of a drilling campaign. An ongoing drilling campaign on a mine in Durango locates long overlooked mineralization. ON MINING, equipment is being installed at a heap leach operation in Sonora. ON FINANCING, one company entered into an at-the market-offering looking to raise up to US$5 M. ON RESOURCES, a maiden high-grade resource was announced for a Pb-Zn property in Chihuahua. ON DEALS AND CORPORATE ISSUES, a back-in notice was delivered to a company with a silver discovery in Sonora; the first payment on the sale of a property on the same state has been forwarded. An extension into a tailings project in Zacatecas was signed and a lithium player is in advanced discussions with a “significant” Asian offtake partner.
ON EXPLORATION
ON MINING
Mexus Gold US. along with JV partner Mar Mar is installing a Merril Crowe plant on its Santa Elena mine in Sonora (not to mistake with First Majestic’s Santa Elena mine, also in Sonora). Ore is being crushed and staked on the pads, and a new crusher is about to be installed.
ON FINANCING
ON RESOURCES
ON DEALS AND CORPORATE ISSUES
Content like what you have just read can be seen at https://gambusinoprospector.com/ and at LinkedIn’s Mexico Mineral Exploration Group.
On the picture below, alunite patch in strongly silicified rhyolitic flow. Zacatecas.
VANCOUVER, BRITISH COLUMBIA, Dec 23, 2016 (Marketwired via COMTEX) — VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec 23, 2016) – Riverside Resources Inc. (“Riverside” or the “Company”) (RRI)(otc pink:RVSDF)(frankfurt:R99) is pleased to provide an overview of the Company’s accomplishments achieved during 2016. This past year has been an up and down year for the junior resource sector with the underlying metals prices fluctuating significantly. Riverside has been successful in delivering a number of milestones without company share dilution, while still maintaining a strong corporate treasury.
Click to access 2016-12-23_NR.pdf
Vancouver, B.C. – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (“Santacruz” or the “Company”) reports that it has terminated the previously announced agreement in connection with the Company’s sale of the San Felipe Project (the “Transaction”) (see press release dated December 7, 2016) to the Hermosillo Group. No payments pursuant to the Transaction have been made to date. Discussions have been on-going with respect to revised payment terms however this process has not led to a payment schedule acceptable to the Company and therefore the agreement has been terminated by the Company. The Company is in discussions with Minera Hochschild Mexico, S.A. de C.V. the underlying property vendor with respect to the continued deferral of the payment terms for the San Felipe Project.
http://www.sonorometals.com/news/2016/12222016/
VANCOUVER, Canada, December 22, 2016, Sonoro Metals Corp., (“Sonoro” or the “Company”) (TSXV: SMO), is pleased to announce that it has closed the sale of the Company’s Chipriona project in Mexico to Agnico Sonora, S.A. de C.V. (“Agnico”), a subsidiary of Agnico Eagle Mines Limited; the details of which are disclosed in the Company’s news release dated December 14, 2016. Sonoro has now received the first payment under the assignment agreement with Agnico in the amount of $650,000. Three additional sequential installments of $650,000, $800,000 and $1,900,000 respectively are due and payable over the coming months following registration of title at Mexico’s Public Registry of Mining, commencing with the registration of title from the original vendors through to final registration under Agnico. This disposition by the Company has been accepted for filing by the TSX Venture Exchange.
Click to access article_12212016082141.pdf
Avino Silver & Gold Mines Ltd. (NYSE-MKT:ASM: TSX.V, ASM; “Avino” or the “Company”) is pleased to announce the following results from the first eight holes of its current drill program at the main Avino Mine located on the Avino property, 80 Km northeast of Durango, Mexico. The current drill program commenced in September, 2016, and comprises 18 holes in total, for a total of 2,955 metres. Eleven of the holes have been drilled to date, and eight have been assayed. The objective of this program is to explore the area of the Avino Vein System between the San Luis workings and the Elena Tolosa (“ET”) current production area. This new area is close to surface and accessible from the existing Avino Mine underground workings. The area was identified as a target of interest as it may have been overlooked in the past given that on surface and at shallow depths, the Avino Vein system splits into hanging wall and foot wall structures.
Canasil Resources Inc. (TSX.V: CLZ) (“Canasil” or the “Company”) has has received the required drill permit and mobilized a drill rig which is currently on site at the La Esperanza silver-lead-zinc project in Durango and Zacatecas States, Mexico. Drilling started on December 17, 2016, with the aim of completing the first drill hole before the year-end holidays. Drilling will then resume early in the New Year for a planned initial program of 1,500 metres to 2,000 metres in 4 to 5 drill holes.
Drilling will be targeted to investigate the La Esperanza vein along strike and at depth. Past drilling on this vein along an approximate strike length of 250 metres and to a relatively shallow depth of approximately 200 metres has returned consistent high-grade silver-lead-zinc intercepts. The La Esperanza vein structure is made up of the Main vein and an associated Hanging Wall vein at the upper levels. The average true width of intercepts from 8 drill holes on the Main La Esperanza vein was 4.21 metres returning 330 g/t silver, 0.93% zinc and 1.57% lead.
Golden Minerals Company (NYSE:MKT: AUMN) (“Golden Minerals”, the “Company” or “we”) has entered into an At-the-Market Offering Agreement dated December 20, 2016 (the “ATM Agreement”) with H.C. Wainwright & Co., LLC (“Wainwright”) as sales manager. Under the terms of the ATM Agreement, the Company will be entitled to sell, at its discretion and from time to time, shares of its common stock through Wainwright, with such sales having an aggregate gross sales price of up to US$5.0 million (the “Offering”).
The Sales Agreement will remain in full force and effect until the earlier of December 31, 2018, or the date that the Sales Agreement is terminated in accordance with the terms therein. Sales of the Company’s common stock will be made through “at the market distributions” directly on the NYSE MKT LLC (the “NYSE MKT “) or on any other existing trading market in the United States. Under the Offering, no offers or sales of common stock will be made in Canada, including through the Toronto Stock Exchange (the “TSX”) or other trading markets in Canada. The common stock will be distributed at the market prices prevailing at the time of sale. As a result, prices of the common stock sold under the Offering may vary as between purchasers and during the period of distribution.