Month: October 2015

Marlin Gold Mining Ltd. announces that it has today completed the sale of all of the shares of Oro Silver Resources Ltd. to Canarc Resource Corp. pursuant to a share purchase agreement entered into with Canarc on October 8, 2015. Oro Silver indirectly holds the El Compas Gold-Silver Mining Project in Zacatecas, Mexico.

Aurcana Corporation announces that it is today commencing proceedings under the Canada Business Corporations Act to implement the restructuring transaction announced by the Company on October 16, 2015 under which all of the Company’s debt obligations to Orion Mine Finance (Master) Fund I L.P., as lender under the Company’s amended and restated senior secured credit facility dated April 29, 2014, will be extinguished.

Orex Minerals Inc. announces that it has granted 250,000 incentive stock options to a consultant to purchase 250,000 shares in the capital of Orex at an exercise price of $0.20 per share and with a two year term. The options will vest immediately.

Colibri Resource Corporation is pleased to announce that it intends to carry out, subject to approval from the TSX Venture Exchange, a non-brokered private placement of up to 1,666,667 common shares of the Company at a price of $0.03 per Share for gross proceeds of up to $50,000 .

YAMANA GOLD INC. declares a fourth quarter 2015 dividend of $0.015 per share. Shareholders of record at the close of business on December 31, 2015 will be entitled to receive payment of this dividend on January 14, 2016. The dividend is an “eligible dividend” for Canadian tax purposes.

Frederick H. Earnest, President and Chief Executive Officer, commented, “We have worked hard to ensure the Company remains funded without diluting our shareholders, and I am enthusiastic about our success and the opportunities it affords us. With our improved balance sheet we believe we are able to fund our currently planned activities into 2018, and we still have opportunities to access additional financing from non-dilutive sources such as the sale of our used mill equipment and the monetization of our other non-core assets. ..”

Arian Silver Corporation advises that in accordance with the respective rules of the Toronto Venture Stock Exchange and AIM, trading on TSXV will resume approximately 30 minutes after the time of this announcement; the trading suspension on AIM remains in effect pending a further announcement regarding the Company’s financial position.

Canarc Resource Corp. is pleased to announce that Mr. Akiba Leisman has accepted an invitation to join the board of directors of Canarc, effective on the closing of the Oro Silver Resources Ltd. acquisition agreement signed Oct 8, 2015.

GOLDCORP INC. today reported record third quarter gold production of 922,200 ounces, an increase of 42% compared to gold production of 651,700 ounces in the third quarter of 2014. Adjusted quarterly revenues were $1.3 billion. Adjusted operating cash flow was $374 million, compared to $399 million for the third quarter of 2014. Free cash flow was $243 million, compared to negative free cash flow of $355 million for the third quarter of 2014.