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 .
Golden Minerals Company announces in the first half of November 2015, Golden Minerals will suspend mining and processing activities at the Velardena mine and sulfide mill due to continued low precious metals prices and lower than planned mill feed grades at the sulfide plant.
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 Companys 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.
Significant results include:
– the identification of high-grade Ag-Pb-Zn polymetallic mineralization in a 300m offset from the historic Santo Niño mine in hole 15CLM-023A with an 8.5m down hole interval (5.7m est. TT) averaging 143g/t Ag, 1.2%Pb and 6.2% Zn (437g/t AgEq).
– a new high-grade oxide discovery outboard of the Blind – El Sol mineralization on the west side of the central intrusion in hole 15CLM-081; and
– gold-enriched intercepts from drilling on the eastern side of the intrusion in hole 15CLM-079 and 15CLM-080.
The proceeds from the Private Placement are expected to be used by the Company for the purchase of new underground mining equipment, general working capital and corporate purposes. All shares issued will be subject to a four month hold period.
Marlin Gold Mining Ltd. is pleased to announce that it has repaid the final $5 million of principal due to the Sprott Resource Lending Partnership. This was the only secured debt and only third-party debt held by the Company. Marlin has entered into an amended and restated loan agreement providing the Company with a US$5.5 million increase to its existing unsecured facility from entities controlled by Wexford Capital LP, Marlin’s controlling shareholder. The aggregate principle of the Facility is now US$25 million. The maturity date of the Facility is January 15, 2017 and will accrue interest daily at a rate of 15% per annum.
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