Vancouver, BC: Galore Resources Inc. (TSX-V: GRI) (the “Company”) is pleased to announce that it has entered into a 5-year contract with Urbanizaciones Y Acabados, S.A. De CV “URBYASA” to mine gold at Galore’s 100% owned Los Gemelos claim (Duraznillo Ranch). Management anticipates revenue from the mine going a long way toward satisfying the Company’s current and future overhead requirements. We are optimistic about Galore’s future and even though some consider this approach unconventional, we consider this a promising business strategy that should move this Company to an autonomous position. With a boost in demand due to significant production decreases in recent years, we feel our timing bodes well for increased gold prices.
LA JOLLA, Calif., Jan. 16, 2018 /PRNewswire/ — TONOGOLD RESOURCES INC. (OTC:TNGL) (the “Company” or “Tonogold“) is pleased to announce that it has entered into a binding agreement with a private Mexican company, which provides Tonogold an exclusive right (but not obligation) to acquire 100% interest in the Claudia, Promontorio and Montoros gold/silver properties located in Durango, Mexico (the “Projects“) for total consideration of $7.3 million in cash. All amounts stated are in U.S. dollars unless otherwise advised.
Toronto, Ontario – (January 16, 2018) Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) announces gold equivalent ounce1 (“GEO” or “GEOs”) production of 34,987 during the fourth quarter ended December 31, 2017 (“Q4”) and 126,704 during the year ended December 31, 2017 (“YE”), including 2,932 pre-commercial production GEOs at San Agustin. During Q4, production was 19,653 GEOs at the El Castillo Complex (8,707 from El Castillo and 10,946 from San Agustin) located in the State of Durango, Mexico and 15,334 GEOs at the La Colorada Mine located near Hermosillo, Mexico. During 2017, the El Castillo Complex and La Colorada Mine GEO production totaled 73,418 (including 2,932 GEOs of pre-commercial production from San Agustin) and 53,286, respectively. Management expects YE consolidated cash costs2 to be slightly above the high end of the range of 2017 guidance of $725 to $775 per gold ounce sold. At YE, the Company had a cash balance of $14 million and $8 million drawn from its $30 million corporate revolver. All dollar amounts are expressed in United States dollars unless otherwise specified.
VANCOUVER, Jan. 12, 2018 /PRNewswire/ – Wheaton Precious Metals™ Corp. (“Wheaton” or the “Company”) announces that its wholly owned subsidiary Wheaton Precious Metals International Ltd. (“Wheaton International”) has agreed to a new precious metals purchase agreement (the “First Majestic PMPA”) relating to the San Dimas mine, in conjunction with the proposed transaction announced today under which First Majestic Silver Corp. (“First Majestic”) will acquire Primero Mining Corp. (“Primero”) pursuant to a plan of arrangement (the “Arrangement”).
VANCOUVER, British Columbia and TORONTO, Jan. 12, 2018 (GLOBE NEWSWIRE) — First Majestic Silver Corp. (“First Majestic”)(TSX:FR) (NYSE:AG) (Frankfurt:FMV) and Primero Mining Corp. (“Primero”) (TSX:P) are pleased to announce that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) whereby First Majestic will acquire all of the issued and outstanding common shares of Primero (the “Arrangement”). Under the terms of the Arrangement Agreement, all of Primero’s issued and outstanding common shares will be exchanged for First Majestic common shares on the basis of 0.03325 of a First Majestic common share for each Primero common share (the “Exchange Ratio”).