Merge
ELEMENTAL ALTUS AND EMX TO MERGE TO CREATE NEW MID-TIER GOLD FOCUSED ROYALTY COMPANY ELEMENTAL ROYALTY CORP.
Sierra Metals Reiterates Recommendation to Take No Action as Alpayana Amends Hostile Bid
DEFIANCE INCREASES LOAN FINANCING
defiance increases loan financing
Defiance Silver Corp. (“Defiance”) announces that, further to its news releases of June 19, 2018 and September 17, 2018, it has increased its third party loan facility from $700,000 to up to $1,120,810. The additional proceeds provide Defiance with the funding necessary to complete its proposed merger with ValOro Resources Inc. (see news release dated September 17, 2018), and to continue its exploration of the San Acacio Silver project in Zacatecas, Mexico.
Riverside Signs New Partnership Agreement to Advance La Silla and Provides Glor Project Update
July 11, 2018 – Vancouver, BC: Riverside Resources Inc. (“Riverside” or the “Company”) (TSX-V: RRI), and Sinaloa Resources Inc. (“Sinaloa”) is pleased to jointly announce that they have signed a letter of intent (the “LOI”) whereby Sinaloa can earn up to 100% interest in Riverside’s La Silla Project (the “Project”) located in Sinaloa, Mexico. The Project includes 2,071 hectares situated along the same regional trend and with the mineralization style as First Majestic’s San Dimas mine. Historic production along this trend has been estimated to total 11 million ounces of gold and 582 million oz. of silver, placing the district fourth in Mexico for precious metal production after Pachuca, Fresnillo and Guanajuato.
MINERA ALAMOS AND COREX GOLD COMBINE TO CREATE A LEADING MEXICAN GOLD COMPANY
Minera Alamos Inc. (“Minera Alamos”) (TSX VENTURE:MAI) and Corex Gold Corporation (“Corex”) (TSX VENTURE:CGE) are pleased to announce that they have entered into a definitive arrangement agreement dated January 30, 2018 (the “Agreement”) to combine the two companies, creating a well-funded, multi-asset, Mexican gold development company (the “Transaction”). The combined company will have a market capitalization of approximately C$50 million, approximately C$6 million in cash and a portfolio of three high quality gold-silver development assets, each offering near-term production potential and low capital cost advantages.
Canuc Announces Vertical Amalgamation
02-Jan-30-CanucResourcesCorporation
Toronto, Ontario–(Newsfile Corp. – January 30, 2018) – Canuc Resources Corporation (TSXV: CDA) (“Canuc” or the “Company“) is pleased to announce that it has completed a vertical amalgamation (the “Vertical Amalgamation“) with its wholly-owned subsidiary, Santa Rosa Silver Mining Corporation, pursuant to subsection 177 of the Business Corporations Act (Ontario). The Vertical Amalgamation did not require shareholder approval and was completed to simplify the corporate structure of Canuc. No securities were issued in connection with the vertical amalgamation. The shares of the subsidiary were cancelled without any repayment of capital in respect of them
Argonaut Gold Announces 2017 Production, Provides 2018 Guidance and Three-Year Production Outlook, Strengthens Management Team and Provides Release Date For Fourth Quarter and Year End Operational and Financial Results
Toronto, Ontario – (January 16, 2018) Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) announces gold equivalent ounce1 (“GEO” or “GEOs”) production of 34,987 during the fourth quarter ended December 31, 2017 (“Q4”) and 126,704 during the year ended December 31, 2017 (“YE”), including 2,932 pre-commercial production GEOs at San Agustin. During Q4, production was 19,653 GEOs at the El Castillo Complex (8,707 from El Castillo and 10,946 from San Agustin) located in the State of Durango, Mexico and 15,334 GEOs at the La Colorada Mine located near Hermosillo, Mexico. During 2017, the El Castillo Complex and La Colorada Mine GEO production totaled 73,418 (including 2,932 GEOs of pre-commercial production from San Agustin) and 53,286, respectively. Management expects YE consolidated cash costs2 to be slightly above the high end of the range of 2017 guidance of $725 to $775 per gold ounce sold. At YE, the Company had a cash balance of $14 million and $8 million drawn from its $30 million corporate revolver. All dollar amounts are expressed in United States dollars unless otherwise specified.
Agnico Eagle Mines Announces Entering Into of Voting Support Agreement
TORONTO, Sept. 14, 2016 /CNW/ – Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM)(“Agnico Eagle”) announced today that, on September 14, 2016, it entered into a support agreement (the “Support Agreement”) with Orla Mining Ltd (“Orla”). The Support Agreement requires Agnico Eagle, subject to termination rights, to, among other things, vote all of the common shares (the “Pershimco Shares”) of Pershimco Resources Inc. (“Pershimco”) owned by Agnico Eagle in favour of the proposed plan of arrangement pursuant to which (i) Orla and Pershimco will amalgamate and (ii) each Pershimco shareholder will receive securities of the amalgamated entity in exchange for the Pershimco Shares owned by such shareholder (the “Arrangement”).
Agnico Eagle currently owns 52,754,243 Pershimco Shares, representing approximately 18.6% of the total issued and outstanding Pershimco Shares on a non-diluted basis.
El futuro minero son las fusiones: Camimex
http://www.noticierosdemexico.com.mx/index.php/107716/el-futuro-minero-son-las-fusiones-camimex/
Ante los bajos precios de los metales, la Cámara Minera de México (Camimex) anticipó un aumento en el número de fusiones y adquisiciones en el sector, ya que las empresas buscarán reducir costos y crear sinergias, pues el valor de esos procesos en el país superó los 2 mil millones de dólares.
La minería tuvo en 2015 uno de sus peores años; algunos analistas lo compararon con las crisis financiera mundial de 2008 y la asiática de 1997, al considerar que los precios de los metales fueron a la baja. El fierro cayó a su nivel más bajo desde mayo de 2009 — 40 dólares por tonelada—, el oro 8 por ciento, la plata 18 por ciento y el cobre 20 por ciento.
Ante el crecimiento económico bajo y volátil, con inflación moderada y poder de fijación de precios débiles de los metales, la Camimex destacó que se motivó a las empresas a buscar una reingeniería de los mecanismos generadores de capital mediante recompras de acciones y fusiones.