Day: April 15, 2015

Commenting on the Facility, Rob Doyle, Chief Financial Officer, said, “I am very pleased with the positive response that we have received from such a strong banking syndicate. The ability to borrow US$300 million adds further to our already healthy liquidity position and bolsters our financial strength and flexibility, which will allow us to quickly respond to our future funding needs, whether it be for organic growth projects or for future business development opportunities that may arise.”

Pete Dougherty, Argonaut Gold’s President and CEO, said “Argonaut continued to have strong production in the first quarter of 2015, in which we produced nearly 31% of the full year production guidance. We continue to see the benefits of operating at a higher cyanide concentration in the circuit, by way of improved recoveries.

“Great Panther’s mines had an excellent start to the year, setting several new records for metal produced and ore processed, and putting us on-track to meet our annual guidance”, stated Robert Archer , President & CEO. “These records primarily reflect the continuing ramp-up at San Ignacio as well as a 17% quarter-over-quarter increase in metal production at Topia….