MONCTON, New Brunswick, Nov. 30, 2017 (GLOBE NEWSWIRE) — Major Drilling Group International Inc. (TSX:MDI) today reported results for its second quarter of fiscal year 2018, ended October 31, 2017.
Toronto, Ontario–(Newsfile Corp. – November 30, 2017) – Argo Gold Inc. (“Argo Gold” or the “Company“) (CSE: ARQ) is pleased to announce that Phillip Walford is joining the advisory board of Argo Gold. Phillip is the President and CEO of Marathon Gold Corporation and one of the founders of the predecessor company, Marathon PGM Corporation which was sold to Stillwater Mining in 2010. He has been involved in mining and exploration for over 40 years in operations in North and South America. His skill at evaluating projects and expanding resources was developed from working as a mine geologist and being on the development teams that brought into production several copper/zinc deposits and precious metal deposits, among them, the Williams Mine at Hemlo, discovering a large Zinc /Gold deposit in southern Chile and the San Francisco Mine in Sonora, Mexico. Phillip has held senior positions with a number of companies including Anaconda Gold, Geomaque Explorations, LAC Minerals, Pamour Porcupine Mines and Hudson Bay Exploration and development. All of these positions involved mine management knowledge as well as geological knowledge to direct mine site resource and reserve development as well as resource and reserve estimations initially on a mine site scale with Hudson Bay Exploration and Development and on a company wide scale as at Pamour Porcupine Mines and LAC Minerals.
About Argo Gold Inc.
Argo Gold is listed on the Canadian Securities Exchange under the ticker ARQ. Argo Gold is focused on gold exploration projects located in central and northwestern Ontario. All of Argo Gold’s projects are 100% owned and have indications of economic viability. Argo Gold’s website is www.argogold.ca.
SilverCrest Metals Inc. (“SilverCrest” or the “Company”) (TSX VENTURE:SIL)(OTCQX:SVCMF) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) led by National Bank Financial Inc. and PI Financial Corp., and including Cormark Securities Inc. and Eight Capital Corp., pursuant to which the Underwriters will purchase for their own account, or arrange for substituted purchasers to purchase, on a bought-deal private placement basis 5,715,000 units of the Company (“Units”) at a price of C$1.05 per Unit for aggregate gross proceeds to the Company of C$6.0 million (the “Offering”). Each Unit will consist of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will be exercisable to purchase one Common Share at an exercise price of C$1.45 for a term of 24 months from the closing date of the Offering.
November 27, 2017, Vancouver, BC, Canada – ALIX RESOURCES CORP. (“Alix” or “the Company“) (AIX – TSX:V)(37N – Frankfurt) announces that further to the Company’s news release disseminated earlier today, November 27, 2017, that it is increasing the additional non-brokered private placement from up to 3,000,000 units at $0.15 per unit, to up to 5,000,000 units at $0.15 per unit for amended gross proceeds of up to $750,000.
All other terms of the additional financing remain the same. Completion of the private placement is subject to the Company receiving prior TSXV approval.
This new private placement financing will be in addition to the previously announced private placement of units (see the Company’s news release dated November 8, 2017).
The Company may, in its sole discretion, pay finders’ fees to agents of the Company.
The proceeds raised will be used for general corporate purposes and for advancing the Company’s 100% owned Jackpot lithium project, located in the Georgia Lake area within the Thunder Bay Mining Division, Ontario.
Alix is a junior mining exploration company focused on seeking and acquiring world class lithium projects globally. Alix continues to evaluate suitable prospects that fit its mandate.
ON BEHALF OF THE BOARD
Michael England, President, CEO, Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Toll Free: 1-888-945-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Despite the vast unexplored potential of Mexico’s metal and mineral deposits, foreign investment in the sector has long been dominated by two countries. Of the 267 foreign mining enterprises registered on the Mexican Geological Survey (SGM), 173 are from Canada and 44 are from the US. While bilateral relations with the former go from strength to strength, the isolationist rhetoric coming from the latter’s President Elect is tempting Mexican policy-makers to look elsewhere in the search for foreign investment. And it seems they have identified China as their number one target.
“We are putting massive efforts into diversifying our sources of foreign investment, and China represents a huge window of opportunity for us,” Mario Alfonso Cantú, General Coordinator of Mining at the Ministry of Economy, told Mexico Mining Review in June 2016. “We have already visited the country on numerous occasions to hold talks with two multi billion-dollar private equity funds that see Mexico as a bright star in their Latin America portfolio.”
Seguramente no es igual de glamoroso que el oro, sin embargo, el rendimiento de este metal ya roza el 40 por ciento en lo que va del año, lo que lo ubica, hasta ahora, como uno de los commodities con mejor desempeño de 2016.
Una caída en los inventarios del zinc en el London Metal Exchange, aunado a una mayor demanda global, han catapultado su precio a máximos de más un año, mientras que en lo que va de éste ha subido 39.53 por ciento para alcanzar un precio de 2 mil 246 dólares por tonelada el jueves. Además de su uso en la construcción, los materiales galvanizados -recubiertos con zinc- son mayormente solicitados por la industria automotriz, que también está viviendo un nuevo auge ante los precios bajos de los combustibles.
Source: Autralian Mining, June 17th
In PricewaterhouseCoopers latest Mine:PwC report, it outlines how the industry has wasted much of the boom, with the top forty miners squandering around US$427 billion since 2010.
The report unveiled that of the US$623 billion in capital expenditure invested over the five year period from 2010 to 2015, nearly 32 per cent, or US$199 billion, was booked as impairments.
PwC blamed a “lack of capital discipline”.
It went on to state all the ground gained during the boom was effectively negated, adding that “the collapse was all the more painful for producers in 2015 because the value destruction was perceived as self-inflicted”.
El precio del oro subía hoy, acercándose a su máximo en 13 meses, mientras las acciones europeas caían y un descenso en las ganancias promedio en Estados Unidos reducían las expectativas de que la Reserva Federal suba las tasas de interés en su próxima reunión de política monetaria.
El oro tocó hoy un máximo en más de un año, ampliando la escalada del 2% de la sesión anterior en medio del descenso del petróleo y el dólar, mientras que operadores aguardaban un informe clave del empleo en Estados Unidos.
Los precios del oro rebotaron el miércoles por un descenso del dólar, mientras que una mayoría de operadores pasó por alto la escalada de las acciones a nivel global y la divulgación de datos económicos mejores a lo previsto en EU.