Month: February 2017

“We achieved solid performance on all fronts in 2016, generating $215 million in net cash from operating activities and beating our original guidance for both costs and silver production,” said Michael Steinmann, President and Chief Executive Officer of the Company. “We achieved major milestones at our La Colorada and Dolores mine expansions in Mexico. We expect both expansions will be completed by the end of this year, which contributes to an improving outlook for costs and production over the next three years.”

Leagold Mining Corporation is pleased to announce that it has filed an amended and restated preliminary prospectus dated February 14, 2017 with the securities regulatory authorities in each of the provinces and territories of Canada except Quebec in connection with its proposed distribution of subscription receipts, which, subject to meeting certain conditions, will be converted at no additional consideration into common shares of the Company. The amendments include an indicative Offering pricing range, a plan to consolidate Leagold’s common shares on a 1 new for 5 old basis, and several additions to the Offering syndicate group.

Source Exploration Corp. is pleased to announce, further to its news releases dated September 28, 2016, November 30, 2016 and January 5, 2017, that it has now arranged a non-brokered private placement of up to 12,333,333 units of the Company at a price of $0.15 per Unit for gross proceeds of up to approximately $1.85 million to replace the second tranche of the previously announced non-brokered private placement. Each Unit will consist of one common share of the Company and one transferable common share purchase warrant. Each Warrant will entitle the holder to purchase one Common Share at a price of $0.25 per Common Share for a period of twenty-four months from the closing date of the Private Placement.

GoGold Resources Inc. is pleased to announce the release of financial results for the quarter ending December 31, 2016. GoGold recorded revenue of $6.9 million from the sale of 413,941 silver equivalent ounces with a cash cost per silver equivalent ounce of $6.70, with an operating income of $2.175 million for the quarter (All amounts are in U.S. dollars).

Almadex Minerals Limited is pleased to announce that the Company has increased the size of its previously announced proposed non-brokered private placement financing to up to approximately 2,600,000 units to raise up to approximately $3,500,000 at a price of $1.35 per Unit.