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.
Merge
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.