April 28, 2017 – New Gold Inc. (“New Gold”) (TSX:NGD) (NYSE MKT:NGD) today announces the voting results from the election of its Board of Directors at New Gold’s Annual and Special Meeting of Shareholders (the “Meeting”) held on April 26, 2017 in Toronto, Ontario. The director nominees listed in the Management Information Circular dated March 13, 2017 were elected as directors of New Gold at the Meeting
Nyrstar NV (“Nyrstar” or the “Company”) today announces that it has entered into a Share Purchase Agreement (the “Agreement”) to sell its Campo Morado mine in Mexico to Telson Resources Inc. (“Telson”) and Reynas Minas S.A. de C.V. (“Reynas Minas”) for a total cash consideration of USD 20 million (the “Consideration”), plus the potential for additional future proceeds through the creation of a new royalty on the Campo Morado mine (the “Transaction”).
Telson is a Canadian based junior resources company and trades on the TSX Venture Exchange under the symbol TSN. Pursuant to the Agreement, Telson will own 99.9% of the purchased shares while Reynas Minas, a Mexican based mining consulting company, will own the other 0.1%.
The Consideration payable to Nyrstar consists of USD 0.8 million that was paid to Nyrstar upon signing the Agreement, USD 2.7 million payable in cash by the closing of the Transaction, and USD 16.5 million payable in cash on or before the 12 month anniversary of the closing of the Transaction. Closing of the Transaction is subject to customary closing conditions and is expected to occur by Q3 2017.
BMO Capital Markets Limited and Lazard & Co. are acting as financial advisors to Nyrstar in connection with the Transaction.
Vancouver, April 28, 2017 – Leagold Mining Corporation (TSX-V: LMC) (“Leagold” or the “Company”) announces that pursuant to the Company’s Stock Option Plan, a total of 9,000,000 incentive stock options have been granted to its officers, employees, consultants and a charitable organization. The stock options are exercisable at a price of C$2.85 per share for a period of 5 years, subject to regulatory approval.
Vancouver, British Columbia, April 27, 2017 – Telson Resources Inc. (“Telson” or the “Company”) (TSX Venture – TSN.V) is pleased to announce that is has entered into a definitive Share Purchase Agreement (the “Agreement”) with Nyrstar Mining Ltd. and Nyrstar Mexico Resources Corp. (collectively “Nyrstar”) to purchase all of the shares of Nyrstar’s Mexican subsidiary companies that make up and own 100% of the Campo Morado mine, located in Guerrero State, Mexico (the “Campo Morado Mine”). Under the terms of the Agreement Telson has agreed to pay total purchase price of US$20 million plus any Variable Purchase Price, as described below, to Nyrstar under the following schedule,: • US $800,000 at signing of the Agreement; • US $2.7 million on or before June 12, 2017; • US $16.5 million on the one year anniversary following the closing date of the transaction.
Exploration and Development American Lithium Portfolio US$5 million farm-in deal executed with a private company controlled by prominent UK investor Jim Mellon (Bradda Head Ltd) over Zenith’s USA and Mexican lithium project portfolio, (ASX Release 7th March 2017); US$500,000 (~A$660,000) cash received from Bradda Head as a refund of Zenith’s expenditure to date, along with A$1.5 million share placement (see below) Zacatecas Lithium Brine Project – Mexico o Lithium brines grading up to 2.1% lithium reported in regional water and surface sediment sampling by Mexican Federal Government from solar evaporation ponds for salt production on an adjacent salt lake (10km west of the Zacatecas Lithium Project) – ASX Release 17th January 2017; o Highly anomalous results up to 924ppm lithium from Zenith’s orientation surface sediment samples taken on salt pans in the Zacatecas Lithium Project – comparable to and higher than those from competitor lithium brine projects in Mexico and the USA (ASX Release 23rd March 2017); o Systematic infill surface geochemical sampling recently completed over all three Zacatecas concessions following the successful orientation survey – samples dispatched to laboratory for analysis.
HERMOSILLO, Son.-Grupo México hace una apuesta a la diversificación de sus operaciones y al aumento en la producción de cobre y zinc como estrategia para fortalecer sus negocios, detalló Xavier García de Quevedo, vicepresidente de esa compañía.
El ejecutivo del mayor conglomerado minero del país, dijo que además de su presencia en México, la empresa está ganando presencia en España e incrementando sus operaciones en Perú, lo que le permite desarrollar nuevas reservas.
Vancouver, BC — April 27, 2017 — Geologix Explorations Inc. [TSX-V: GIX] (“Geologix” or the “Company“) is pleased to announce that it has finalized the terms of its previously announced private placement financing, led by Eight Capital on behalf of a syndicate of agents, including PI Financial Corp. and Red Cloud Klondike Strike Inc. (together, the “Agents“). The Agents have agreed to offer for sale units of the Company (the “Units“), on a “best efforts” private placement basis, subject to all required regulatory approvals, at a price per Unit of $0.065 (the “Offering Price“), for total gross proceeds of up to approximately $3,000,000 (the “Offering“).
Each Unit shall consist of one common share of the Company (a “Share“) and one half of one common share purchase warrant (a “Warrant“). Each full Warrant shall entitle the holder thereof to acquire one additional Share at a price of $0.10 for a period of 36 months following the closing of the Offering.
VANCOUVER, April 27, 2017 /CNW/ – GOLDCORP INC. (TSX: G, NYSE: GG) (“Goldcorp” or the “Company”) announces the voting results for the election of its Board of Directors, which took place at the Company’s Annual and Special Meeting held on April 26, 2017. The nominees listed in the management proxy circular dated March 13, 2017 were elected as directors of Goldcorp at the meeting.
Vancouver, British Columbia – Capstone Mining Corp. (“Capstone”) (TSX: CS) today announced the voting results from its 2017 Annual General and Special Meeting held April 26, 2017 in Vancouver, British Columbia. A total of 278,882,105 common shares were voted at the meeting, representing 71.27% of the votes attached to all outstanding common shares.
Toronto (April 27, 2017) – Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) (“Agnico Eagle” or the “Company”) today reported quarterly net income of $76.0 million, or $0.33 per share, for the first quarter of 2017. This result includes non-cash foreign currency translation gains on deferred tax liabilities of $7.9 million ($0.03 per share), nonrecurring gains of $3.5 million ($0.02 per share), unrealized gains on financial instruments of $2.8 million ($0.01 per share), various mark-to-market and other adjustment losses of $1.4 million ($0.01 per share) and non-cash foreign currency translation losses of $0.9 million (nil per share). Excluding these items would result in adjusted net income1 of $64.1 million or $0.28 per share for the first quarter of 2017. In the first quarter of 2016, the Company reported net income of $27.8 million or $0.13 per share. Not included in the first quarter of 2017 adjusted net income above is non-cash stock option expense of $7.6 million ($0.03 per share). In the first quarter of 2017, cash provided by operating activities increased by greater than 50% to $222.6 million ($224.7 million before changes in non-cash components of working capital) compared with cash provided by operating activities of $145.7 million in the first quarter of 2016 ($167.5 million before changes in non-cash components of working capital). The increase in cash provided by operating activities before changes in working capital during the current period was mainly due to a combination of higher gold sales volumes and realized prices (approximately 7% and 3%, respectively).