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.

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

Starcore Announces 1st Quarter Production Results

https://www.starcore.com/news/news-releases/starcore-announces-1st-quarter-production-results

Vancouver, B.C. – Starcore International Mines Ltd. (the “Company”) announces production results for the first quarter of fiscal 2018, ended July 31, 2017, at its San Martin Mine (“San Martin”) in Queretaro, Mexico and the Altiplano Gold Silver Processing Facility (“Altiplano”) in Matehuala, Mexico.

During Q1 at San Martin, a total of 69,753 tonnes was milled at an average grade of 1.97 g/t gold and

12.6 g/t silver resulting in the production of 3,888 gold equivalent ounces. Mill recoveries averaged 85.0% for gold and 51.2% for silver. Equivalent gold ounce calculation is based on the average gold:silver ratio of 74.9:1 during the quarter.

During Q1 the Altiplano Facility received approximately 37.21 tonnes of concentrate and 24.2 tonnes of slag containing approximately 150 ounces of gold and 25,525 ounces of silver. During the quarter ended July 31, 2017, Altiplano sold 223 ounces of gold and 21,000 ounces of silver.

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”.

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)

Great Panther Silver Appoints Two New Vice Presidents

http://www.greatpanther.com/English/News/News-Details/2017/Great-Panther-Silver-Appoints-Two-New-Vice-Presidents/default.aspx

VANCOUVER, Aug. 15, 2017 /PRNewswire/ – GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE MKT: GPL) (“Great Panther”; the “Company”) announces the appointments of Matthew Wunder as Vice President Exploration and Brian Peer as Vice President Operations, Mexico.  While Mr. Wunder has already joined the Company, Mr. Peer’s appointment will be effective on August 20th.

Matt Wunder is a Professional Geologist and holds a Bachelor of Science degree in Geology from Western University in London, Ontario.  He has 30 years of experience in the mining industry, including 15 years with Noranda Inc. and more than 10 years as a senior executive for several junior and mid-size companies.  He has successfully led multiple discoveries throughout the Americas and was recognized and honoured as co-recipient of the Colin Spence award for Excellence in Global Mineral Exploration (AME BC, 2010).  Over the coming weeks, Matt will transition to become the Qualified Person (QP) for Great Panther’s operating mines and development projects, succeeding Robert Brown who has retired.  The Company would like to take this opportunity to thank Robert for his 12 years at Great Panther and his contribution in building the Company.

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.

GoGold Reports Q3 Financial Results

http://gogoldresources.com/investors/press-releases/2017/160-gogold-reports-q3-financial-results

Halifax, NS – GoGold Resources Inc. (TSX: GGD) (“GoGold”, “the Company”) announces the release of financial results for the quarter ending June 30, 2017. Revenue attributed to the Parral tailings project (“Parral”) was $4.65 million (of total revenue of $5.02 million) on the sale of 286,063 silver equivalent ounces at a cash cost of $9.61 per silver equivalent ounce (including Santa Gertrudis high-grade, total sales were 310,833 silver equivalent ounces at a cash cost of $16.20 per ounce) (all amounts are in U.S. dollars).

Financial highlights for the quarter ending June 30, 2017:

  • Production growth of 13% at Parral over previous quarter
  • Revenue of $5.02 million from the sale of 310,833 silver equivalent ounces, a realized price of $16.15 per silver equivalent ounce
  • Parral cash cost per silver equivalent ounce of $9.61
  • Parral demonstrated its fourth consecutive quarter of production growth
  • Operating loss of $2.1 million, mainly due to slowed operation at Santa Gertrudis High Grade Material (“HGM”) project

GoGold produced 2,557 gold ounces and 151,442 silver ounces for a total of 339,730 silver equivalent ounces in the quarter ending June 30, 2017.
The Company’s Parral project contributed 2,237 gold and 151,422 silver ounces for a total of 314,910 silver equivalent ounces, which is a 13% increase over the 278,230 silver equivalent ounces produced in the previous quarter.  Parral production increased for the fourth consecutive quarter and management has implemented changes to mitigate any potential effects of the rainy season for the upcoming quarter, including the construction of an additional overflow pond to aide in diverting heavy rains. The Company expects to see a continued increase in production at Parral.

The Santa Gertrudis HGM project produced 320 ounces of gold (24,820 silver equivalent ounces) which was a decrease over Q2 2017 due to increased stripping of lower grade material required to access the high-grade ore which could be economically trucked to the off-site process plant. This resulted in lower production and increased costs for the quarter. Mining at HGM has been put on hold pending completion of a mine plan and evaluation of next steps.