Day: May 12, 2017

Timmins Gold / Alio Gold Announces Effective Date of Name Change, Share Consolidation and Results of AGM

The name change to Alio Gold Inc. and 10:1 consolidation of the Company’s common shares was approved at the 2017 Annual General and Special Meeting of shareholders of the Company held earlier today and is now effective. Following the share consolidation, the number of outstanding securities of the Company will be approximately 35,562,860 common shares. The common shares are expected to commence trading on the Toronto Stock Exchange and the New York Stock Exchange MKT on a post-consolidation basis on May 16, 2017 under the ticker symbol ALO on both exchanges.

Sierra Metals Reports Consolidated Results for the First Quarter of 2017

“Sierra Metals continues to deliver value and growth to investors in the first quarter with a solid financial performance”, commented Igor Gonzales, President and CEO of Sierra Metals. “The Company saw very significant increases in revenue, cashflow and adjusted EBITDA over the prior quarter as well as over the same quarter in 2016. This solid performance is attributable to a very successful operational improvements program at the Yauricocha Mine, continued work to development of new areas for higher grade ore at Bolivar and the reinterpretation of geology at the Cusi Mine which promises to drive increased grade and tonnage in the future. It is also thanks to the hard work and dedication of our team at Sierra Metals, without whom these achievements would not be possible.”

Arian Silver – Positive Lithium Results From Initial Sampling

Jim Williams, Chief Executive Officer of Arian commented, “I am pleased to report on these positive initial results, which confirm the presence of lithium. We now look ahead to advancing further exploration of these assets with deeper sampling techniques, geophysical methods and detailed mineralogical test work to assess the full extent of mineralisation.

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