The Company also announced that Peter Dey has retired from the Board of Directors. “On behalf of the Board of Directors and everyone at Goldcorp I want to sincerely thank Peter for his service to the company, and wish him well on his retirement,” said Ian Telfer, Chairman of Goldcorp.
The Platosa optimization program is nearing completion, stated Brendan Cahill, President and Chief Executive Officer. With each additional submersible pump we are increasing the local rate of drawdown at Platosa resulting in drier mining conditions day-by-day and the results continue to confirm or exceed our projections. Essential well cleaning was largely completed during Q1 and we are now in position to install submersibles more rapidly. We remain on track for a dry mine by the end of Q2.
Geologix Explorations Inc. is pleased to announce that it has finalized the terms of its previously announced private placement financing, led by Eight Capital on behalf of a syndicate of agents, including PI Financial Corp. and Red Cloud Klondike Strike Inc. The Agents have agreed to offer for sale units of the Company, on a “best efforts” private placement basis, subject to all required regulatory approvals, at a price per Unit of $0.065, for total gross proceeds of up to approximately $3,000,000.
Evrim Resources Corp. announces a 10,700,000 unit private placement at $0.30 to raise gross proceeds of $3.21 million. Each unit will consist of one share and one-half non-transferable share purchase warrant. Each whole Warrant is exercisable into one common share at a price of $0.50 for three years from the date of closing.
Ceyla Cruz Gutiérrez, activista y comunera zoque y también representante del Comité Unidos por el Pueblo denunció que fue victima de una agresión verbal e intimidaciones de parte de trabajadores del ayuntamiento de San Miguel Chimalapa cuando realizaba capturas fotográficas de representantes mineros quienes ingresaban al palacio municipal.
“Coeur delivered a solid first quarter with strong earnings and cash flows, affirming the steps we have taken to reposition our portfolio and balance sheet,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer. “Rising production levels at our Palmarejo mine and higher metal sales more than offset the impact of record rainfall at our Rochester mine in Nevada and persistent drought conditions at our San Bartolomé mine in Bolivia. Companywide costs also continued to trend lower with first quarter metrics coming in well below full-year guidance. Combined with considerable interest savings from recent balance sheet improvements, we reported significantly higher earnings and cash flows compared to the same period last year.”
“Strong first quarter results were driven by solid production and low all-in sustaining costs, with our $250 million annual sustainable efficiency program well advanced and already benefitting the bottom line,” said David Garofalo, President and Chief Executive Officer. “To deliver on the 20/20/20 growth plan we are maintaining a laser focus on execution, while simultaneously optimizing our asset portfolio and driving down costs. In addition, we continue to enhance the strongest growth pipeline in the gold industry with the planned 60 million ounce joint venture in the Maricunga District in Chile, financed by the sale of non-core assets. This transaction underlies our strategy of growing net asset value per share by delivering three to four million ounces of sustainable, annual gold production from six to eight core camps.”
“During the quarter we continued to focus our efforts on reserve replacement and populating the resource triangle with new targets,” said Paul Harbidge, Senior Vice-President, Exploration. “I am encouraged with the positive results that we are seeing from our portfolio of projects as well as the generative studies which are laying the foundation for future exploration success. We are well positioned to meet our targeted 20% increase in reserves over the next five years.”
“As we indicated to our stakeholders at the beginning of this year, our priorities are: enhancing our financial flexibility, delivering operationally and executing on our updated Rainy River plan,” stated Hannes Portmann, President and Chief Executive Officer. “I am very pleased to report that we have made significant progress in all three areas.”
Vangold Resources Ltd. has appointed Mark Ashley, Hernan Dorado Smith and Cameron Scott King to the board of directors of Vangold.
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