Day: August 3, 2016

“Great Panther’s mine operating earnings before non-cash items increased 96% over the second quarter of 2015 due to higher silver and gold prices, favourable foreign exchange rates, and continued strong operating performance. These factors were also reflected in significant increases in operating cash flow and adjusted EBITDA, and contributed to significant growth in our cash and net working capital balances”, stated Robert Archer, President and CEO. “The substantial increase in our cash flow and margins were also reflective of 74% and 43% reductions in our cash cost and all-in sustaining cost compared to the second quarter of 2015. These came in at an impressive US$1.72 and US$7.19, respectively, for the second quarter. As such, we are taking the step to reduce our cash-cost and all-in sustaining cost guidance for the year while maintaining our production guidance.”

Vendome Resources Corp. is pleased to announce that, further to its news releases dated June 30, 2016 and July 18 2016, it has completed its non-brokered private placement financing for aggregate gross proceeds of $542,562.46, by issuing 59,008,331 units of the Company at a price of $0.0075 per unit for gross proceeds of $ $442,562.48, and 13,333,331 “flow-through” shares at a price of $0.0075 per share for gross proceeds of $99,999.98.

The consideration for the Right is US$2,500,000, of which US$1,900,000 was paid at execution and an additional US$600,000 will be paid in the event the owner of Caballo Blanco receives the approval of the project’s environmental impact statement from SEMARNAT. This US$600,000 contingent payment no longer has an expiration date.

Endeavour CEO Bradford Cooke commented, “Having successfully minimized our all-in sustaining costs and boosted our free cash flows in recent quarters, management returned its attention to optimizing near-term production and long-term growth in Q2, 2016. Our production is well ahead of plan for the year and as a result, we revised our operating plan and raised our production guidance by about 13% for 2016.

Hacia 2018, la minera subsidiaria de Peñoles invertirá alrededor de mil 900 millones de dólares para el desarrollo de nuevos proyectos y aprovechando los excedentes de sus flujos relacionados con la revaluación del oro.