GREAT PANTHER SILVER LIMITED (TSX: GPR) (NYSE American: GPL) (“Great Panther”; or the “Company”) today reported financial results for the Company’s year ended December 31, 2017. The full version of the Company’s consolidated financial statements and Management’s Discussion and Analysis (“MD&A”) can be viewed on the Company’s website at www.greatpanther.com or SEDAR at www.sedar.com. All financial information is prepared in accordance with IFRS, except as noted in the Non-GAAP Measures section of the MD&A. All dollar amounts are expressed in US dollars (“USD”), unless otherwise noted.
TORONTO, Feb. 22, 2018 (GLOBE NEWSWIRE) — Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) reported today the Company’s financial results for the year ended December 31, 2017.
Fred Stanford, President & CEO of Torex stated: “We are happy to have 2017 behind us, with its ramp-up challenges and illegal blockade, now in the rear-view mirror. I would like to acknowledge the team for their excellent contribution in solving the inevitable ramp-up challenges and for their disciplined execution of the strategy to resume operations under blockade conditions. 2018 will be the year that the team completes the last 10% of the ramp-up and showcases the potential of the ELG asset. It will be a year rich in catalysts with the re-start, completion of the SART plant, completion of the ramp-up of the processing plant and the Sub-Sill, continued exploration results from Sub-Sill, and an updated PEA for Media Luna. It will be a busy and productive year, and we all look forward to getting on with it.” He added – “A special thanks to the great many that have supported the team in a myriad of ways as we worked to by-pass the illegal blockade. That support has enabled the potential that 2018 provides for Torex shareholders, employees, and communities.”
TORONTO, Feb. 22, 2018 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) today reported fourth quarter and full year results for the period ended December 31, 2017. For the year, McEwen Mining achieved production of 152,329gold equivalent ounces(1)(“GEOs”). Our consolidated net loss for 2017 was $10.6 million(2), or $0.03 per share. Net cash outflow during the year from operating activities was $15.4 million, principally due to higher exploration, development and operating expenses associated with our long-term growth plans. As of February 21, 2018 the Company had cash, investments and precious metals of $60 million and no debt.
VANCOUVER, British Columbia, Feb. 21, 2018 (GLOBE NEWSWIRE) — Alio Gold Inc (TSX:ALO) (NYSE AMERICAN:ALO) (“Alio Gold” or the “Company”), today reported its fourth quarter and year end 2017 results. Production results were previously released on January 11, 2018. The Company will host a conference call at 11:00am EST today to discuss the results and the details of the call can be found at the end of the release.
VANCOUVER, Feb. 20, 2018 /PRNewswire/ – Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAAS) (“Pan American”, or the “Company”) today reported its mineral reserves and resources as at December 31, 2017. Pan American’s mineral reserves are estimated to contain approximately 288 million ounces of silver and 1.9 million ounces of gold compared with 286 million ounces of silver and 2.0 million ounces of gold at December 31, 2016.
MONTREAL, QUEBEC–(Marketwired – Feb. 20, 2018) – Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (TSX:OR)(NYSE:OR) is pleased to report its results for the fourth quarter and full year 2017 and provide 2018 guidance. Amounts are in Canadian dollars unless otherwise noted.
Calgary, Alberta (FSCwire) – Bacanora Minerals Ltd. (the “Company” or “Bacanora Canada“) (TSX-V: BCN and AIM: BCN), the London and Canadian listed lithium company, announces that, further to its announcement released on 9 February 2018, it has entered into an arrangement agreement made effective February 16, 2018 (the “Arrangement Agreement“) between the Company, Bacanora Lithium plc (“Bacanora UK“) and 1976844 Alberta Ltd. (a wholly owned subsidiary of Bacanora UK) pursuant to which Bacanora UK will indirectly acquire the entire issued share capital of Bacanora Canada (the “Bacanora Canada Shares“) in exchange for new shares in Bacanora UK (“Bacanora UK Shares“) to facilitate the Company’s proposed reorganisation to effect a re-domicile to the United Kingdom (the “Re-Domicile” or the “Transaction“). In connection with the Re-Domicile, Bacanora UK will apply for admission to trading of its Bacanora UK Shares on the AIM market of the London Stock Exchange (“AIM“). Upon the admission of Bacanora UK Shares to trading on AIM, Bacanora Canada intends to delist the Bacanora Canada Shares from the TSX Venture Exchange (the “TSXV“) and cancel the admission to trading of the Bacanora Canada Shares on AIM.
TORONTO, Feb. 15, 2018 /CNW/ – Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) (“Agnico Eagle”) announced today that it has acquired 1,740,500 units (“Units”) of Orla Mining Ltd. (TSX-V: OLA) (“Orla”) at a price of $1.75 per Unit for total consideration of $3,045,875. Each Unit is comprised of one common share of Orla (a “Common Share”) and one-half of one common share purchase warrant of Orla (each full common share purchase warrant, a “Warrant”). Each Warrant entitles the holder to acquire one Common Share at a price of $2.35 at any time prior to February 15, 2021. Agnico Eagle acquired the Units pursuant to a public offering of Units by Orla under a short form prospectus (the “Offering”). The Offering closed on February 15, 2018.
Toronto (February 14, 2018) – Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) (“Agnico Eagle” or the “Company”) today reported quarterly net income of $35.1 million, or net income of $0.15 per share for the fourth quarter of 2017. This result includes mark-to-market adjustments and derivative losses of $1.0 million ($0.01 per share), non-recurring losses of $6.8 million ($0.03 per share) and non-cash foreign currency translation losses of $5.5 million ($0.02 per share). Excluding these items would result in adjusted net income1 of $48.4 million ($0.21 per share) for the fourth quarter of 2017. In the fourth quarter of 2016, the Company reported net income of $62.7 million or $0.28 per share. Not included in the fourth quarter of 2017 adjusted net income above is non-cash stock option expense of $4.1 million ($0.02 per share).
TORONTO, Ontario, February 7, 2018 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) is pleased to announce that it has closed its previously announced offering (the “Offering”) of common shares of the Company (the “Common Shares”) with a syndicate of underwriters (the “Underwriters”) led by BMO Capital Markets. An aggregate of 4,895,000 Common Shares were issued by the Company at a price per Common Share of C$12.60, including 525,000 Common Shares issued on the partial exercise of the over-allotment option, for aggregate gross proceeds of C$61,677,000.