Month: July 2017

COLIBRI ANNOUNCES APPOINTMENT OF PRESIDENT AND CEO

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Click to access article_07262017110233.pdf

Dieppe, NB. July 26, 2017. Colibri Resource Corporation (“Colibri” or the “Company”)
announces that Mr. Ed Stringer has resigned as President and CEO of the Company effective immediately and the Board of Directors has appointed current director, Mr. Ron Goguen Sr., as President and Chief Executive Officer. Mr. Stringer is resigning due to health reasons and the Board of Directors wishes Mr. Stringer well and a speedy recovery. Mr. Stringer will remain a Director of Colibri.

Great Panther Silver 2017 Second Quarter Financial Results

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http://www.greatpanther.com/English/News/News-Details/2017/Great-Panther-Silver-to-Announce-Second-Quarter-Financial-results-on-August-2-2017/default.aspx

VANCOUVER, July 27, 2017 /CNW/ – GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE MKT: GPL) (“Great Panther”, the “Company”) has scheduled the release of its second quarter 2017 financial results on Wednesday, August 2, 2017 after market close.

A conference call and webcast will be held on Thursday, August 3, 2017 at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) to discuss the results.  Mr. Robert Archer, President and CEO and Mr. Jim Zadra, CFO and Corporate Secretary will host the call.

Shareholders, analysts, investors and media are invited to join the live webcast and conference call by logging in or calling in five minutes prior to the start time.

Torex Successfully Completes US$400 Million Facility To Refinance Project Debt

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https://www.torexgold.com/news/torex-successfully-completes-uscad400-million-facility-to-refinance-project-debt

TORONTO, Ontario, July 26, 2017 — Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) is pleased to announce that the Company’s wholly-owned subsidiary Minera Media Luna, S.A. de C.V. (“MML”) has signed an amended and restated credit agreement with BNP Paribas, Commonwealth Bank of Australia, ING Capital LLC and SG Americas Securities, LLC, as joint bookrunners and joint lead arrangers (the “Banks”) in connection with the previously announced secured US$400 million debt facility (the “Loan Facility”). Following a successful syndication, BMO Harris Bank N.A. and The Bank of Nova Scotia joined the Banks as lenders under the Loan Facility. The Loan Facility is comprised of a US$300 million term loan (the “Term Facility”) and a US$100 million revolving loan facility (the “Revolving Facility”). All conditions precedent for the drawdown of the Loan Facility have been satisfied and the Company has drawn the full amount of the Term Facility and US$75 million of the Revolving Facility to repay the project finance facility (the “Project Finance Facility”) that was previously entered into with the Banks, for the construction of the El Limon-Guajes Mine (“ELG”) located in southwest Mexico. The Company may use the Revolving Facility for MML’s general corporate purposes, including development expenditures, subject to the conditions of the Loan Facility.

Coeur Reports Second Quarter 2017 Results

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http://investors.coeur.com/Cache/1500101776.PDF?Y=&O=PDF&D=&FID=1500101776&T=&IID=4349317

Chicago, Illinois – July 26, 2017 – Coeur Mining, Inc. (the “Company” or “Coeur”) (NYSE: CDE) today reported second quarter 2017 financial results, posting revenue of $173.4 million, net loss of $11.0 million, or $0.06 per share, and adjusted net loss1 of $2.5 million, or $0.01 per share. Second quarter cash flow from operating activities was $29.3 million, adjusted EBITDA1 was $33.4 million, and free cash flow1 was $(8.2)
million. Second quarter results reflect significantly higher levels of investment in long-term growth through exploration expense and capital expenditures as well as a $9.3 million one-time expense from the early retirement of debt.

Excellon Drills 2,318 G/T Silver Equivalent Over 6.76 Metres At Platosa

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http://www.excellonresources.com/news/details/index.php?content_id=169

Toronto, Ontario – July 26, 2017 – Excellon Resources Inc. (TSX:EXN and EXN.WT; OTC:EXLLF) (“Excellon” or the “Company”) is pleased to announce results from its ongoing exploration program at the Platosa Mine in Durango, Mexico.

Highlights

  • Multiple intersections of high grade mineralization potentially expanding the 623 Manto and connecting the 623 and Guadalupe South mantos, including:
    • 886 g/t Ag, 8.8% Pb and 20.5% Zn or 2,318 g/t Ag equivalent (“AgEq”) over 6.76 metres in EX17UG323;
    • 2,965 g/t Ag, 16.4% Pb and 0.9% Zn or 3,702 g/t AgEq over 1.45 metres and 1,171 g/t Ag, 9.3% Pb and 2.9% Zn or 1,713 g/t AgEq over 1.06 metres in EX17UG324;
    • 1,600 g/t Ag, 6.4% Pb and 8.7% Zn or 2,319 g/t AgEq over 3.70 metres in EX17UG325;
    • 3,574 g/t Ag, 28.2% Pb and 18.7% Zn or 5,727 g/t AgEq over 1.27 metres in EX14UG200; and
    • 1,238 g/t Ag, 5.3% Pb and 2.9% Zn or 1,611 g/t AgEq over 2.10 metres in PH17-27;
  • Dry conditions are facilitating efficient underground exploration around the Platosa mantos.

Defiance Appoints New President & CEO

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https://www.defiancesilver.com/news/defiance

Defiance Silver Corp. (“Defiance”) is pleased to announce the appointment of Mr. Roy Bonnell to the position of President and CEO. Mr. Bonnell has over 20 years of experience in venture capital investment, finance and mergers & acquisitions. Mr. Bonnell provides Defiance with the financing and management abilities necessary to rapidly advance and grow the San Acacio Silver deposit in Mexico.

From 2007-2015, Mr. Bonnell served as President and CEO of Argex Titanium Inc., overseeing its rapid expansion from a mining exploration company to an emerging specialty chemical producer. Argex grew to be the Second Best Performing Mining stock on the Venture’s 2013 Top 50 list. From 2005-2009, he was Managing Director & Founder of Atwater Financial Group, an independent financial and strategic advisory service. He also served at investment dealers and merchant banks including Dundee Securities Limited, Hampton Securities Limited, Benvest Associates Inc. and Two Roads Investments Inc.

Avino Silver & Gold Mines Ltd. Second Quarter 2017 Financial Results to be Released on Wednesday, August 2, 2017

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http://www.avino.com/s/news.asp?ReportID=798060

Avino Silver and Gold Mines Ltd. (ASM: TSX.V, ASM: NYSE – MKT; “Avino” or “the Company”) plans to announce its Second Quarter 2017 financial results after the market closes on Wednesday, August 2, 2017.

In addition, the Company will be holding a conference call for analysts and investors on Thursday,
August 3, 2017 at 8:00 a.m. PDT (11:00 a.m. EDT).

Conference Call Numbers:

  • Toll Free Canada & USA: 1-800-319-4610
  • Outside of Canada & USA: 1-604-638-5340

No pass-code is necessary to participate in the conference call; participants will have the opportunity to ask questions during the Q&A portion of the call.

New Gold Announces Management Appointments and Addition of New Director

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Click to access Q2-2017_Exploration-News-Release_vFINAL.pdf

TORONTO, July 26, 2017 /CNW/ – New Gold Inc. (“New Gold”) (TSX:NGD) (NYSE American:NGD) today announces new appointments to its senior management team as the company looks forward to the Rainy River project’s scheduled transition from construction into operation beginning in September. New Gold is also pleased to announce the addition of a new director to its Board.

Highlights

  • Paula Myson will join New Gold as Executive Vice President and Chief Financial Officer
  • Peter Woodhouse will join New Gold as Vice President, Projects
  • Barry O’Shea has been appointed Vice President, Business Development
  • Marilyn Schonberner has been appointed to the Board of Directors
  • Brian Penny, New Gold’s current Executive Vice President and Chief Financial Officer, will remain with the company until the end of October to support the transition
  • Raymond Threlkeld’s interim management role will conclude on September 1st and he will remain on New Gold’sBoard of Directors

Goldcorp Provides Second Quarter 2017 Exploration Update

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http://www.goldcorp.com/English/Investor-Resources/News/News-Details/2017/Goldcorp-Provides-Second-Quarter-2017-Exploration-Update/default.aspx

VANCOUVER, July 26, 2017 GOLDCORP INC. (TSX: G, NYSE: GG) (“Goldcorp” or the “Company”) is pleased to provide an update on its 2017 exploration program.  Representative drill results are provided below; website links to further information including full drill results, drill coordinates, QA/QC information and relevant diagrams are provided at the end of each section.

Highlights

  • Drilling at Cerro Negro continues to return positive results; exploration budget increased. 2017 budget increased by $6 million to $26 million to accelerate testing of early stage targets with drilling planned at Silica Cap, Eureka SE, San Marcos West, San Marcos Sur and Mariana Sur.
  • Generative work at Peñasquito yields further targets; new property acquired. An additional nine targets have been added at Peñasquito and plans are underway to complete regional reverse circulation (“RC”) drilling through cover sequences. La Pinta 06 mining concession acquired for $225,000.
  • Drilling at the Coffee Project adds to resource potential. Drill results from Arabica and Supremo T8-9 confirm continuity of mineralization, infill drilling at Latte confirms geologic model and first results from Decaf confirm prospectivity.
  • Building geological team for Maricunga District in Chile. Recruitment and logistics being finalized to start geological work on the newly acquired Maricunga District, including a re-logging of core and updating the geological models for both Cerro Casale and Caspiche, as well as developing a five year exploration program.
  • Property scale exploration programs underway at Canadian operations. Field programs are underway to build a portfolio of targets at all sites as well as define drill programs for the winter season.

Goldcorp Reports Second Quarter 2017 Results

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http://www.goldcorp.com/English/Investor-Resources/News/News-Details/2017/Goldcorp-Reports-Second-Quarter-2017-Results/default.aspx

VANCOUVER, July 26, 2017 /CNW/ – GOLDCORP INC. (TSX: G, NYSE: GG) (“Goldcorp” or the “Company”) today reported its second quarter 2017 results.

Second Quarter Highlights

  • Net earnings for the second quarter of 2017 were $135 million, or $0.16 per share, compared to a net loss of $78 million, or $0.09 per share, for the second quarter of 2016. Operating cash flows for the second quarter of 2017 were $158 million. Adjusted operating cash flows were $320 million(1) for the second quarter of 2017 compared to $204 million for the same period in the prior year.
  • Gold production of 635,000 ounces at all-in sustaining costs (“AISC”) of $800 per ounce, compared to 613,000 ounces at AISC of $1,067 for the second quarter of 2016(1). 2017 guidance reconfirmed for gold production of 2.5 million ounces (+/- 5%). 2017 AISC guidance has been improved to $825(2) per ounce (+/- 5%) from $850 per ounce, reflecting the progress the Company has made on its initiative to realize $250 million in sustainable annual efficiencies by the middle of 2018.
  • Program to implement $250 million of sustainable annual efficiencies by the middle of 2018 on track with $200 million expected to be achieved in 2017. More than 100% of the targeted efficiencies have been identified, with the program likely to be extended and the efficiency target increased, after we achieve our current target.
  • Portfolio optimization continues to drive increasing net asset value (“NAV”) per share. The Company’s plan to deliver a 20% increase in gold production, a 20% increase in gold reserves and a 20% reduction in AISC over the next five years advanced with the formation of a 50/50 joint venture with Barrick Gold Corporation in the Maricunga district in Chile, the divestiture of $500 million of non-core assets in Mexico and Guatemala and solid execution on the Company’s key growth projects.