DISCOVERY METALS CLOSES CHANGE OF BUSINESS TRANSACTION

http://www.dsvmetals.com/2017-08-17-nr-dsv.pdf

Vancouver, British Columbia – August 17, 2017 – Discovery Metals Corp. (“Discovery
Metals” or the “Company”) (TSX-V: DSV.H) is pleased to announce that it has closed its
previously announced change of business transaction (the “Transaction”) and has been
reclassified as a Tier 2 Mining Issuer on the TSX Venture Exchange (the “Exchange”).
PROPERTIES
The principal transaction completed by Discovery Metals was the entering into of a mineral exploration and option agreement (the “Puerto Rico Option Agreement”) dated April 7, 2017, with Jesus Miguel Hernandez Garza and Juan Reynaldo Elizondo Falcon (together, the “Vendors”), providing an option (the “Option”) to acquire certain mineral concessions (the “Puerto Rico Concessions”) located in Ocampo, Coahuila, Mexico, forming part of the Puerto Rico mining-metallurgical project (the “Puerto Rico Property”).

MAVERIX METALS ANNOUNCES CLOSING OF US$20,000,000 LOAN FACILITY AND PRIVATE PLACEMENT FINANCINGS

http://maverixmetals.com/wp-content/uploads/2016/06/MMX-NR-08-17-17.pdf

August 17, 2017, Vancouver, British Columbia – Maverix Metals Inc. (the “Company” or “Maverix”) (TSXV: MMX) is pleased to announce that it has closed the previously announced senior secured loan facility (the “Facility”) with CEF (Capital Markets) Limited (“CEF”) for US$20,000,000. In addition, the Company has closed the previously announced private placements to CEF and Pan American Silver Corp. for total proceeds of C$9,877,950 (the “Private Placements”).
The Company intends to use the proceeds from the Facility and the Private Placements to acquire additional precious metals royalties and streams.
Maverix now has in excess of C$44 million in available funds to pursue growth opportunities. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Southern Silver Extends Closing of Brokered Financing

http://www.southernsilverexploration.com/en/news/170/southern-silver-extends-closing-of-brokered-financing.php

Southern Silver Exploration Corp (TSX-V: SSV; “Southern”) reported today that the Company has received approval from the TSX Venture Exchange to extend the final closing date of its previously announced brokered private placement (the “Offering”) until September 15th, 2017. As announced on June 13th, 2017, the Company has already closed the first tranche of the Offering by issuing 6,372,500 units (“Units”) for a total of $2,549,000.

The Offering, which was initially announced on May 18th, 2017, consists of up to 12,500,000 Units at a price of $0.40 per Unit for a total of $5,000,000, with an over-allotment option to increase the Offering by up to 15%. Each Unit consists of one share of common stock of the Company and one common share purchase warrant (each a “Warrant”) (together the “Securities”), with each Warrant exercisable to acquire an additional share of common stock of the Company at a price of $0.55 per share for a period of three years

Santacruz Silver Completes Gavilanes Property Sale to Marlin Gold

http://www.santacruzsilver.com/s/news_releases.asp?ReportID=800334

August 17, 2017 – Vancouver, B.C. – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (“Santacruz”) and Marlin Gold Mining Ltd. (TSX.V:MLN) (“Marlin”) announce that, further to the companies’ joint press release dated August 8, 2017, the sale of Santacruz’s Gavilanes Property in Durango State, Mexico to Marlin (the “Gavilanes Transaction”) for total consideration of US$3.50 million plus applicable VAT (the “Purchase Price”) has been completed.

US$0.58 million from the Purchase Price was credited against the deposit advanced by Marlin to Santacruz on August 10, 2017 in connection with the payment of the outstanding balance owing to a property vendor on certain of the claims included in the Gavilanes Project (see Santacruz’s press release dated August 10, 2017).

In addition, US$1.15 million from the Purchase Price was applied toward settling all remaining outstanding debt owing to JMET, LLC (“JMET”) and JMET has released and discharged all of its security and registrations over Santacruz’s assets and the 3,750,000 “cashless” warrants of Santacruz previously issued to JMET have been cancelled.

Fortuna announces new appointment to the Board of Directors

https://www.fortunasilver.com/investors/news/2017/fortuna-announces-new-appointment-to-the-board-of-directors/

Vancouver, August 17, 2017 – Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) Jorge A. Ganoza, President, CEO and Director of Fortuna, announces today the appointment of Kylie Dickson to the Board of Directors of the Company.

Kylie Dickson is an executive with over 14 years of experience in the mining industry. She has worked with companies at various stages of the mining lifecycle including exploration, mine development and operations, as well as playing a key role in multiple financings and M&A transactions. Kylie is currently the Vice President, Business Development of Trek Mining Inc. She was the Chief Financial Officer of JDL Gold Corp when JDL acquired Luna Gold Corp. to create Trek Mining in March 2017. Previously, Kylie was a founding shareholder and Chief Financial Officer of Anthem United Inc. and was the Chief Financial Officer of Esperanza Resources which was acquired by Alamos Gold in 2013. She also served as the Corporate Controller of Minefinders Corporation from 2007 to 2012 prior to its acquisition by Pan American Silver. Kylie began her career with KPMG LLP’s mining practice and is a Canadian CPA, CA with a BBA in Accounting from Simon Fraser University.

Aura Minerals Announces Q2 2017 Financial and Operating Results

http://www.auraminerals.com/Investors/News-Events/News-Releases/News-Release-Details/2017/-Aura-Minerals-Announces-Q2-2017-Financial-and-Operating-Results/default.aspx

TORTOLA, British Virgin IslandsAug. 15, 2017 (GLOBE NEWSWIRE) — Aura Minerals Inc. (“Aura Minerals” or the “Company”) (TSX:ORA) announces financial and operating results for the second quarter of 2017.

Highlights:  

  For the three
months ended
June 30, 2017
For the three
months ended
June 30, 2016
For the six
months ended
June 30, 2017
For the six
months ended

June 30, 2016
FINANCIAL DATA    
IFRS Measures
Revenue $    44,247 $   36,415 $    79,149 $   71,865
Cost of goods sold   35,200   28,338   64,789   56,260
Depreciation (included in cost of goods sold)   2,798   1,531   5,572   3,647
Gross Margin   9,048   8,077   14,360   15,605
Gross Margin (excluding depreciation)   11,846   9,608   19,932   19,252
Net (loss) Income   4,242   (2,048 )   (781 )   (2,066 )
Income (loss) per share – Basic and diluted   0.13   (0.07 )   (0.02 )   (0.07 )
EBITDA   7,662   5,294 $    11,746 $   11,848
Non-IFRS Measures
Realized average gold price per ounce sold, gross1 $    1,162 $   1,213 $    1,161 $   1,166
Realized average gold price per ounce sold, net of local sales taxes, hedging and gold loan repayments1 $    1,142 $   1,156 $    1,150 $   1,138
Cash operating costs per ounce produced1 $    794 $   917 $   806 $   876
Cash operating costs per ounce sold1 $    881 $   893 $    886 $   854
Total capital expenditures $    1,269 $   937 $    3,503 $   1,203
OPERATING DATA
Ore processed (tonnes)   2,082,313   1,954,937   4,154,691   4,772,477
Gold produced (ounces)   37,476   26,100   66,976   60,158
Gold sold (ounces)   36,757   30,010   66,839   61,632

Primero to Delist From the NYSE; Shares Continue to Trade on the Toronto Stock Exchange

http://www.primeromining.com/English/investors/news/press-release-details/2017/Primero-to-Delist-From-the-NYSE-Shares-Continue-to-Trade-on-the-Toronto-Stock-Exchange/default.aspx

TORONTO, ON — (Marketwired) — 08/14/17 — Primero Mining Corp. (“Primero” or the “Company”) (TSX: P)(NYSE: PPP) today announces that it has received formal notification from the New York Stock Exchange (“NYSE”) of its intention to initiate delisting procedures of the Company’s common shares.

The NYSE has determined that the Company is no longer suitable for listing based on “abnormally low” price levels, pursuant to Section 802.01D of the Listed Company Manual. Primero will not seek an appeal to the NYSE’s decision. The NYSE will file Form 25 (Notification of Removal from Listing and/or Registration Under Section 12(b) of the Securities Exchange Act of 1934) with the U.S. Securities and Exchange Commission (“SEC”).

The Company’s common shares trade on the Toronto Stock Exchange (“TSX”) under symbol “P”.

AZURE BUYS NEW HIGH GRADE PROJECT

http://azureminerals.com.au/wp-content/uploads/2017/08/170815-Acquisition-of-Oposura-Zinc-Lead-Silver-Project-1.pdf

Azure Minerals Limited (ASX: AZS) (“Azure” or “the Company”) is pleased to announce that it has acquired immediate 100% ownership of the Oposura Zinc-Lead-Silver Project (“Oposura”), located in the northern Mexican state of Sonora.
Oposura is an advanced-stage project containing high grade, massive sulphide-hosted, zinc, lead and silver mineralisation, and this acquisition clearly delivers on Azure’s strategy of securing its next flagship project.
Azure’s Managing Director, Mr Tony Rovira said, “Throughout 2017, Azure has had the clear focus to acquire the next flagship project for the Company. This was all about getting the right project for the right deal, and with this acquisition we have done just that. Projects of this quality are rare and keenly sought after, and I’m pleased that we have succeeded in acquiring the advanced stage, precious and base metal project that we’ve been seeking.

Fortuna reports consolidated financial results for the second quarter 2017

https://www.fortunasilver.com/investors/news/2017/fortuna-reports-consolidated-financial-results-for-the-second-quarter-2017/

Vancouver, August 14, 2017– Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) today reported net income of $8.9 million, Adjusted EBITDA of $26.4 million, and revenue of $63.9 million in the second quarter of 2017.

Jorge A. Ganoza, President and CEO, commented, “Our San Jose and Caylloma mines have delivered strong production and financial results. Higher operating costs at both operations are expected to recede in the second half of the year and remain within 5% of our annual cost guidance.” Mr. Ganoza continued, “At our Lindero gold project in Argentina, feasibility study optimization work continues to advance as planned in order to support a construction decision next month.”

Second quarter consolidated financial highlights:

  • Sales of $63.9 million, compared to $44.5 million in Q2 2016
  • Net income of $8.9 million, compared to net loss of $1.4 million in Q2 2016
  • Earnings per share of $0.06, compared to a net loss per share of $0.01 in Q2 2016
  • Adjusted EBITDA of $26.4 million and Adjusted EBITDA margin over sales of 41%
  • Cash flow from operations before changes in non-cash working capital of $16.7 million, compared to $7.4 million in Q2 2016
  • Cash position, including short term investments, and working capital as at June 30, 2016 was $188.0 million and $186.8 million, respectively
  • Silver and gold production of 2,116,863 and 14,547 ounces, respectively
  • AISCC* per ounce of payable silver was $8.22

* All-in sustaining cash cost is net of by-product credits for gold, lead and zinc (Non-GAAP Financial Measure)

SIERRA METALS REPORTS CONSOLIDATED RESULTS FOR THE SECOND QUARTER OF 2017

http://www.sierrametals.com/investors/news-releases/press-release-details/2017/Sierra-Metals-Reports-Consolidated-Results-for-the-Second-Quarter-of-2017/default.aspx

TORONTO, Aug. 14, 2017 /PRNewswire/ – Sierra Metals Inc. (TSX:SMT)(BVL:SMT) (“Sierra Metals” or the “Company”) today reported revenue of $48.6 millionand adjusted EBITDA of $17.6 million on throughput of 454,805 tonnes and metal production of 2.7 million silver equivalent ounces or 23.1 million copper equivalent pounds for the three month period ended June 30, 2017.

Sierra Metals had a fourth consecutive quarter of solid performance in its operational and financial results, aided by stable metal prices and continued production improvements at the Yauricocha Mine. During the second quarter, the Company maintained the significant improvements revenue and adjusted EBITDA realized during the previous quarters. This was largely attributed to the continued benefits being realized from the completion of key aspects of the operational improvements program at Yauricocha. The Company achieved excellent quarter over quarter improvements in Q2 2017 with revenues up 32%, adjusted EBITDA up by $12.1 million, and a decline in the consolidated all-in sustaining cost (ASIC) per silver equivalent payable ounce and copper payable pound.

During Q2 2017, consolidated metal production decreased 3% compared to Q1 2016. The decrease in metal production was due to lower throughput, lower head grades and lower recoveries of all metals, except gold recoveries at Bolivar; and lower throughput, lead and zinc head grades, and silver and lead recoveries at Cusi. This was partially offset by higher throughput, higher copper and zinc head grades, and higher recoveries of all metals, except gold, at Yauricocha.

Brownfield exploration programs remains a key priority at all three mines and the Company is very optimistic that high value tonnage will be added when the Company releases update technical reports for all three Mines in the fourth quarter and in the years to come. Examples of brownfield success can be seen at Yauricocha with the Esperanza, Cuye-Mascota zones, at Bolivar with the Bolivar West and Northwest zones as well as at Cusi with the recently announced Santa Rosa de Lima Zone. When combined with the continued production optimization program, it should lead to substantial growth in production, lower costs, but most importantly in shareholder value.