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, Ontario – (February 22, 2018) Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) is pleased to announce its financial and operating results for the fourth quarter and year ended December 31, 2017. The Company reports quarterly and full year net income of $5.2 million and $23.9 million, respectively, or earnings per share of $0.03 and $0.14, respectively, derived from the sale of 31,025 and 123,554 gold equivalent ounces1 (“GEO” or “GEOs”), respectively, which generated cash flow from operations before working capital changes of $11.7 million and $45.9 million, respectively. During 2017, the Company produced 126,704 GEOs, including pre-commercial production from the San Agustin mine of 2,932 GEOs. All dollar amounts are expressed in United States dollars unless otherwise specified (C$ represents Canadian dollars).
February 22, 2018, Vancouver, British Columbia – Maverix Metals Inc. (the “Company” or “Maverix“) (TSX-V: MMX) is pleased to provide guidance for 2018. The Company is expecting meaningful increases in both revenue and attributable gold equivalent production in 2018, its second full year of operation.
ORONTO, Feb. 22, 2018 (GLOBE NEWSWIRE) — Alamos Gold Inc. (TSX:AGI) (NYSE:AGI) (“Alamos” or the “Company”) today reported its financial results for the quarter and year ended December 31, 2017 and reviewed its operating, exploration and development activities.
“We executed on a number of operational and strategic objectives in 2017, all of which continue to strengthen our outlook. We met guidance with a 10% increase in production to a new record of 429,400 ounces while delivering an 8% decrease in all-in sustaining costs. This drove strong free cash flow growth from our operations and our best financial performance in years,” said John A. McCluskey, President and Chief Executive Officer.
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.”
Vancouver, February22, 2018—Fortuna Silver Mines, Inc. (NYSE: FSM) (TSX: FVI)is pleased to report updated Mineral Reserve and Mineral Resource estimates as of December 31, 2017 for the Caylloma Mine located in Peru, the San Jose Mine located in Mexico and the Lindero Project in Argentina.
Toronto, Ontario – February 22, 2018 – Excellon Resources Inc. (TSX:EXN, EXN.WT, EXN.WT.A; OTC:EXLLF) (“Excellon” or the “Company”) is pleased to announce results from its ongoing underground exploration program at the Platosa Mine in Durango, Mexico.
- Further definition and expansion of the high-grade 623 manto, with diamond drilling results including:
- 1,192 g/t Ag, 13.2% Pb and 18.3% Zn or 2,648 g/t silver equivalent (“AgEq”) over 9.1 metres in EX17UG371, including 1,473 g/t Ag, 14.8% Pb and 25.6% Zn or 3,355 AgEq over 6.2 metres
- 1,397 g/t Ag, 7.4% Pb and 23.2% Zn or 2,858 g/t AgEq over 7.3 metres in EX18UG375
- 1,528 g/t Ag, 13.5% Pb and 16.9% Zn or 2,926 g/t AgEq over 3.1 metres in EX17UG369
- Mineralization discovered in area 674 near existing mine workings that may be accessed during 2018
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.
Southern Silver Exploration Corp. (TSX.V: SSV) (“Southern Silver”) reported today that recent surface sampling targeting precious-metal enriched epithermal vein systems on its newly staked CLM West claim group (Creston del Oro, Biznagas and Los Lenchos claims) has identified several new drill targets for RC drill testing in Q2 2018.
Global Mineral Reserves Increase 28% Reflecting Addition of Island Gold, Strong Growth at La Yaqui Grande and Initial Mineral Reserve at Lynn Lake
All amounts are in United States dollars, unless otherwise stated.
TORONTO, Feb. 21, 2018 (GLOBE NEWSWIRE) — Alamos Gold Inc. (TSX:AGI) (NYSE:AGI) (“Alamos” or the “Company”) today reported its updated mineral reserves and resources as of December 31, 2017. For a detailed summary of mineral reserves and resources by project, refer to the tables below.