Month: August 2015

Mark Brennan, President and CEO commented: “The new facility provides the Company with increased financial flexibility during these difficult times of continued declining metal prices and allows for the completion of the Company’s capital expenditure programs which will benefit the company with potential production increases and reduced risk exposure.”

Tracy Weslosky, Editor-in-Chief and Publisher of InvestorIntel speaks to Ron Tremblay, the CEO, President and Director for Levon Resources, about Levon’s investment in the new SciVac Therapeutics Inc. Levon, which has a poly-metallic flagship silver, gold, lead and zinc Cordero project in Mexico, discusses how the investment in Pershing Gold, lead to the investment in a hepatitis vaccine. He says when asked about the leap from resources to biotech: “That’s how people get rich is by doing deals that are out of the box instead of doing the same thing as everyone else.”

GOLDCORP INC. is pleased to declare its eighth monthly dividend payment for 2015 of $0.02 per share. Shareholders of record at the close of business on Thursday, August 20, 2015 will be entitled to receive payment of this dividend on Friday, August 28, 2015.

Further to the joint press release of June 12, 2015, Starcore International Mines Ltd. and Cortez Gold Corp. announce the closing of their previously announced plan of arrangement whereby Starcore was to acquire all of the outstanding common shares of Cortez. The transaction was completed pursuant to a plan of arrangement in accordance with the Business Corporations Act (British Columbia), which was approved by the British Columbia Supreme Court on August 5, 2015. Shareholders of Cortez approved the Arrangement on July 9, 2015.

“The strategic financing agreement with Penelope Mining, which received strong stockholder support, has the potential to transform our company and increase stockholder value dramatically,” said Mark Gordon, Odyssey president and chief executive officer. “It will not only provide capital necessary to move forward on our pipeline of offshore projects, but more importantly we believe that the strategic guidance and resources will be a crucial catalyst to our future success.”

La inversión en la minería en México cayó 38.49 por ciento entre 2012 y 2014, al pasar de 8 mil 43 millones de dólares a 4 mil 948 millones de dólares, reveló la Cámara Minera de México (Camimex).

Jorge A. Ganoza, President and CEO, commented, “We continue to focus on cost control, productivity and margins. Mine plan flexibility at Caylloma and strong performance at San Jose continue to sustain our operating and financial results in spite of a challenging metal price environment.” Mr. Ganoza continued, “Key capital projects remain on schedule as we look forward to the commissioning of the San Jose Mine expansion from 2,000 to 3,000 tpd in mid-2016.”

Silver Standard’s new President and CEO Paul Benson said, “This quarter we added more than $40 million of cash to the balance sheet due to continued strong operating performance at both of our mines and asset sale proceeds. Having visited the sites and talked to our teams, I am impressed with the quality of the operations and our focus on safe production. Our competitive advantage of operational excellence and liquidity have positioned Silver Standard to take advantage of current market conditions and grow shareholder value.”