TORONTO, April 30, 2021 (GLOBE NEWSWIRE) — Golden Tag Resources Ltd. (“Golden Tag” or the “Company“) (TSX.V: GOG) (OTCQB: GTAGF) has initiated a Geologic Interpretation Program, in partnership with Orix Geoscience 2018 Inc. (“Orix”), designed to enhance the geological understanding of the Company’s 100% owned San Diego Project, one of the largest undeveloped silver projects in Mexico.
TORONTO, April 29, 2021 /CNW/ – Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle” or the “Company”) today reported quarterly net income of $136.1 million, or net income of $0.56 per share, for the first quarter of 2021. This result includes gains of $10.0 million ($0.04 per share) on the sale of certain non-core European properties, derivative gains on financial instruments of $6.8 million ($0.03 per share), non-cash foreign currency translation gains of $3.1 million ($0.01 per share), non-cash mark-to-market losses on warrants of $27.7 million ($0.11 per share), foreign currency translation losses on deferred tax liabilities of $11.2 million ($0.05 per share), a multi-year health care donation of $5.0 million (net of tax, pre-tax amount of $8.0 million) ($0.02 per share) and various other adjustment losses of $2.8 million ($0.01 per share). Excluding these items would result in adjusted net income1of $162.9 million or $0.67 per share for the first quarter of 2021. For the first quarter of 2020, the Company reported a net loss of $21.6 million or a net loss of $0.09 per share.
Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress” or the “Company”) is pleased to announce it has funded the initial payment of US$2M of the US$5M silver stream agreement (the “Stream”) on the Tahuehueto project in Mexico owned by Telson Mining Corporation (“Telson”).
TORONTO, Ontario, April 29, 2021 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announces that three of its founding Directors – Andrew Adams, Michael Murphy (co-founder), and Fred Stanford – will not stand for reelection at the Company’s annual shareholder meeting (the “AGM”) in June 2021. At the same time, Fred Stanford will resign from his executive role with the Company. Richard Howes, currently Lead Independent Director, will stand for nomination as Chair at the upcoming AGM.
BEDFORD, NS / ACCESSWIRE / April 29, 2021 / Silver Spruce Resources, Inc. (“Silver Spruce” or the “Company”) (TSXV:SSE) (FRA:S6Q1) is pleased to announce the signing of a Definitive Agreement (“DA”), effective April 27, 2021, on the Diamante 1 and Diamante 2 concessions. Silver Spruce recently secured a Letter of Intent with Colibri Resource Corp. (TSXV:CBI) (“Colibri”), and its wholly-owned Mexican subsidiary, Yaque Minerales SA de CV (“Yaque”), to acquire up to 50% interest in four concessions comprising 1,057 hectares (see Press Releases – April 12 and April 26, 2021).
DENVER, CO / ACCESSWIRE / April 29, 2021 / Gold Resource Corporation (NYSE American:GORO) (the “Company”) after careful consideration and a commitment to best-in-class governance, the directors of the Company have decided to change the frequency with which it will declare and pay dividends from monthly to quarterly. The first $0.01 quarterly dividend will be paid on June 30, 2021 to shareholders of record as of June 15, 2021.
Chicago, Illinois – April 28, 2021 – Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today reported first quarter 2021 financial results, including revenue of $202.1 million, cash flow from operating activities of $(4.4) million and GAAP net income from continuing operations of $2.1 million, or $0.01 per share. On an adjusted basis1, the Company reported EBITDA of $65.9 million, cash flow from operating activities before changes in working capital of $41.6 million and net income from continuing operations of $13.9 million, or $0.06 per share.
FOR THE THREE MONTHS ENDED 31 MARCH 2021
Octavio Alvídrez, Chief Executive Officer, said:
“The health and well-being of our people remains our first priority and we have maintained a range of measures to ensure their safety, while also continuing to support our local communities.
First quarter silver production was marginally below the previous quarter, with the encouraging contribution of development ore from our new Juanicipio project offsetting lower grades at Saucito. I am also pleased to report continued progress at the Fresnillo mine with development rates showing an improvement. Quarterly gold production was ahead of the last quarter driven by the higher than expected grade at Herradura. Construction of Juanicipio is making good progress and we are on track to commission the plant by the fourth quarter.