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Capstone Mining 2017 Financial Results – Generates $130 Million of Operating Cash Flow and Continues to Strengthen Balance Sheet

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ancouver, British Columbia – Capstone Mining Corp. (“Capstone”) (TSX: CS) today announced its financial results for the three months and year ended December 31, 2017. For the three months ended December 31, 2017, operating cash flow before changes in working capital1 was $38.2 million or $0.10 per share, with net income of $29.5 million and adjusted net income of $4.4 million or $0.01 per share after adjusting for certain non-cash and non-recurring charges. Copper production totalled 23,417 tonnes (22,600 tonnes of payable copper) at a C1 cash cost1 of $1.98 per payable pound produced.

Hecla Reports Discoveries en San Sebastian, Casa Berardi y Greens Creek

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COEUR D’ALENE, Idaho–(BUSINESS WIRE)– Hecla Mining Company (NYSE:HL) today provided an update on its exploration programs during the fourth quarter.

Exploration Highlights

  • San Sebastian continues to expand high-grade, polymetallic zones similar to the Hugh Zone on the Middle and Francine veins.
  • Casa Berardi has expanded and refined resources that could increase the size of the proposed Principal and current East Mine Crown Pillar (EMCP) open pits and discovered mineralization that could lead to new pits in the west part of the mine at the West Mine Pillar and NW-SW zones.
  • Drilling of the 118 and 123 zones at Casa Berardi has discovered high-grade mineralization at depth and to the west.

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New Gold Delivers on 2017 Production and Cost Guidance and Provides 2018 Outlook

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TORONTO, Jan. 16, 2018 /CNW/ – New Gold Inc. (“New Gold” or the “Company”) (TSX:NGD) (NYSE American:NGD) today announces its 2017 fourth quarter and full-year production results, provides 2018 guidance, and presents an update on the Company’s growth projects. The preliminary figures provided for 2017 fourth quarter and full-year production and sales are approximate and may differ from the final results in the 2017 annual audited consolidated financial statements and management’s discussion and analysis.

As the Company expects the sale of Peak Mines to close in the first quarter of 2018, Peak Mines has been classified as a discontinued operation. The below results are disclosed on a total basis and thus include Peak Mines for 2017 (unless otherwise noted).

Capstone Mining 2017 Production Results and 2018 Operating and Capital Guidance

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Vancouver, British Columbia – Capstone Mining Corp. (“Capstone”) (TSX: CS) today announced production results for the three and twelve months ended December 31, 2017 and provided its operating and capital expenditure guidance for 2018 along with a three-year outlook.

“We ended the year with solid copper production for the fourth quarter,” said Darren Pylot, President and CEO of Capstone. “Our operations continue to run well in 2018, positioning us to take advantage of strong copper prices, with our entire copper hedge program now completed.”

“We are guiding production for 2018 consistent with our 2017 production. Planned capital expenditures in 2018 of $100 million reflect scheduled haul truck maintenance at Pinto Valley, the continuation of operations at Minto and an increased allocation for exploration at Cozamin, following up on 2017’s significant exploration success,” continued Mr. Pylot.

Bacanora New Exploration Licence Expands Zinnwald Potential

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Bacanora New Exploration Licence Expands Zinnwald Potential

Highlights

  • Licence covers previously mined Falkenhain Lithium deposit close to Company’s Zinnwald project in Germany
  • Potential to increase life time of mine at Zinnwald
  • Falkenhain and Zinnwald complement flagship Sonora lithium project in Mexico which was assigned a US$1.25billion NPV in Feasibility Study (“FS”)

 

Calgary, Alberta (FSCwire) – BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (TSX-V: BCN and AIM: BCN), the Canadian and London listed lithium company, is pleased to announce that its subsidiary, Deutsche Lithium GmbH, (“Deutsche Lithium”), which is 50% owned by Bacanora, has been granted an exploration licence (the “Licence”) covering 295 hectares of the previously mined Falkenhain Lithium deposit (“Falkenhain”) in southern Saxony, Germany.  Falkenhain, which is located within 5km of Bacanora’s 50% owned Zinnwald Lithium Project (“Zinnwald”), has the potential to increase the life time of a mine at Zinnwald.

Hecla Reports 12.5 Million Ounces of Silver and 232,685 Ounces of Gold Production in 2017

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COEUR D’ALENE, Idaho–(BUSINESS WIRE)– Hecla Mining Company (NYSE:HL) today announced preliminary silver and gold production results¹ for the fourth quarter and full year 2017.

2017 HIGHLIGHTS

  • Silver production of 12.5 million ounces, the second highest behind the record achieved in 2016, and gold production of 232,685 ounces, the third highest in Company history.
  • Silver equivalent production of 40.9 million ounces and gold equivalent production of 554,843 ounces.2
  • Lead production of 22,734 tons; zinc production of 55,109 tons.
  • Gold production at Casa Berardi highest since its acquisition.
  • Cash, cash equivalents and short-term investments of approximately $219 million at December 31, 2017, an increase of about $20 million over December 31, 2016.

Coeur Reports Fourth Quarter and Full Year 2017 Production and Sales Results and Provides 2018 Production Guidance

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Coeur Reports Fourth Quarter and Full

CHICAGO–(BUSINESS WIRE)–Coeur Mining, Inc. (the “Company” or “Coeur”) (NYSE: CDE) today announced record fourth quarter silver equivalent1 production of 11.7 million ounces, consisting of 4.5 million ounces of silver and 119,114 ounces of gold. Silver equivalent1 production increased 23% quarter-over-quarter and 17% year-over-year. Silver production increased 15% quarter-over-quarter and 17% year-over-year, while gold production increased 28% and 16%.

Argo Gold Expands Advisory Board

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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.

Judy Baker
(416) 786-7860
jbaker@argogold.ca