Day: February 27, 2017

“Improved metal prices, combined with a 20% reduction in our all-in sustaining costs to $10.99, resulted in Great Panther delivering a 404% increase in mine operating earnings in 2016,” stated Robert Archer, President & CEO. “Significantly improved operating cash flow, combined with the proceeds of financings completed in 2016, enabled us to end the year with $67 million in net working capital, no debt, and positions us well to capitalize on growth opportunities such as the recently signed Coricancha acquisition.”

Galore Resources Inc. is pleased to announce the engagement of Mr. Craig Byington of Clancy, Montana to act as Galore’s Vice President of Exploration and QP, and Mr. Octavio Gonzales as Regional Exploration Manager, Mexico.

Gold Resource Corporation declares its monthly instituted dividend of 1/6 of a cent per common share for February 2017 payable on March 23, 2017 to shareholders of record as of March 13, 2017. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA.

“We are taking the decisive action necessary in order to address the challenges currently faced by our Company,” said Joseph F. Conway, Interim President and Chief Executive Officer. “Securing the three year term debt facility with Sprott is a critical part of that. The priority now is to bring our Company back to profitability by reducing complexity, improving planning and delivering positive operating results at both of our mines. This has been a difficult period for the Company and for our shareholders. I am personally committed to leading Primero until we have returned the Company to profitability and financial stability.”

Geologix Explorations Inc. is pleased to announce that the Preliminary Economic Assessment on its 100% owned Tepal Gold/Copper Project located in southwest Mexico has been filed on SEDAR. The PEA results were previously disclosed in the Company’s news release dated January 19, 2017.

Frederick Davidson, President, CEO, and Director of IMPACT, commented, “Last year was a historical year for IMPACT and all our employees and shareholders who have seen the company grow from a small restart miner explorer in Mexico to a silver producer celebrating a decade of operations at the Guadalupe production center. I would like to take this opportunity to congratulate and thank all of our staff and investors for their continued dedication to IMPACT. In 2016, our stock was one of the leading silver equities that achieved over 442% returns from an all-time low in the year. This was attributed in part to the rebound in silver prices and continued exploration which has been made possible from a key financing that will enable us to target new areas. We are excited to celebrate this milestone and hope to deliver even more shareholder value in 2017 and beyond.”

Perth based Lithium Australia re-wrote the corporate play book in the last couple of weeks to achieve unfettered ownership and control of their unique Lithium processing IP known as Sileach.