Month: May 2016

“We had a strong start to 2016 on many fronts. Operationally, we produced 94,632 ounces of gold at substantially lower all-in sustaining costs of $986 per ounce. Financially, our operations were break-even, well ahead of schedule. Further, with stronger production and lower costs, we expect each operation to generate positive free cash flow in 2016 at current gold prices,” said John A. McCluskey, President and Chief Executive Officer.

Silver Bull Resources, Inc. is pleased to announce its intention to complete a non-brokered private placement of up to 10,000,000 units of the Company at a price of US$0.10 or CDN$0.13 per Unit. Each Unit will consist of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant shall entitle the holder thereof to acquire one common share at a price of US$0.12 for the US$ Units and CDN$0.16 for the CDN$ Units until the date that is 12 months following closing of the Private Placement. If the closing price of the common shares of the Company on the OTCQB Venture Marketplace is US$0.18 or higher for five consecutive trading days, then the Warrant will expire thirty trading days from such fifth consecutive day.

“Evrim’s plans for 2016 include adding new properties to our portfolio and increasing our exploration partnerships,” commented Paddy Nicol, President and CEO of Evrim. “Charles brings the knowledge and experience necessary to achieve our goals and add significant value for Evrim’s shareholders. We very much look forward to having Charles as part of the team.”

“During the first quarter, our mines generated positive operating cash flow through the reduction of operating costs, thereby delivering on expectations for lower cash and all-in sustaining costs while still progressing our development projects,” said Americas Silver Corporation President and CEO Darren Blasutti. “Management will continue to focus on this for the remainder of the year in addition to advancing discussions with potential funding partners for the San Rafael project at our Cosalá Operations.”

MAG Silver Corp. announces the Company’s unaudited financial results for the three months ended March 31, 2016. For details of the unaudited Financial Statements and Management’s Discussion and Analysis, for the three months ended March 31, 2016, please see the Company’s filings on SEDAR (www.sedar.com) or on EDGAR (www.sec.gov).

Michael Steinmann, President and Chief Executive Officer of the Company commented on the first quarter 2016 results, “We are off to a very good start in 2016, delivering robust production and a respectable financial performance. We produced more silver, gold and base metals as compared to the same quarter of last year, significantly reduced our costs, generated adjusted earnings of $0.02 per share and cash flow from operations of $28.4 million (before changes in working capital). These results were achieved in spite of lower prices on our silver and gold sales than in Q1 2015, which trimmed our revenue by nearly $20 million.” Steinmann continued, “Our two expansion projects at La Colorada and Dolores are advancing on schedule and on budget, funded completely by our strong balance sheet, as we progress steadily towards becoming an even lower cost producer”.

Paul Benson, President and CEO said, “We have had an excellent start to the year with 84,000 gold equivalent ounces produced at cash costs and AISC of $715/oz and $859/oz, respectively. We are well-positioned to continue with strong production in Q2 and the devaluation of the peso has allowed us to reduce our cash cost guidance at Pirquitas. Our robust operating performance has also allowed us to continue to add cash to the balance sheet despite investing in exploration and projects for the future.

Millrock Resources Inc. reports that a portion of the non-brokered private placement announced on May 4, 2016 has closed and a total of 1,730,000 Units at a price of $0.29 per Unit have been issued for gross proceeds of $501,700. Each Unit consists of one common share and one share purchase warrant, with each Warrant entitling the holder thereof to purchase one additional common share at a price of $0.44 per common share until May 25, 2019.