Month: July 2017

OTCQB offers investors transparent trading in early-stage and developing U.S. and international companies. To be eligible, companies must meet a minimum $0.01 bid test, be current in their reporting and undergo an annual verification and management certification process. International companies must also be listed on a qualified foreign stock exchange and receive a Letter of Introduction from a Principal American Liaison, which must be a qualified third-party investment bank, securities law firm or depositary bank. U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for Corex Gold Corp. on www.otcmarkets.com.

McEwen Mining Inc. is pleased to report consolidated production for Q2 2017 of 22,191 gold ounces and 779,487 silver ounces, or 32,584 gold equivalent ounces, using a 75:1 gold to silver ratio.

“Great Panther had an excellent second quarter, setting a new Company record for consolidated metal production and a new record for metal production in Topia,” stated Robert Archer, President & CEO. “I would like to congratulate our entire operations team, especially in Topia, for all their hard work and efforts in achieving this quarter’s milestones.”

Fortuna Silver Mines, Inc. is pleased to announce second quarter 2017 production results from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The company produced 2.1 million ounces of silver, 14,547 ounces of gold, plus base metal by-products. Silver and gold production for the first six months totaled 4.2 million ounces and 27,747 ounces respectively; being 1 percent and 4 percent above the company’s mid-year projection. Fortuna is on schedule to produce 8.1 million ounces of silver and 52.4 thousand ounces of gold or 11.2 million Ag Eq* ounces in 2017.

Jim Williams, Chief Executive Officer of Arian Silver, commented, “this additional capital can be immediately deployed to extend the exploration of the three lithium projects over which we have an option to acquire, and also to seek additional projects in the vicinity which we believe could host significant deposits of lithium.”

Leagold Mining Corporation is pleased to announce it has received Mexican anti-trust commission approval with respect to the previously announced US$29 million subscription receipt financing provided by a fund managed by Orion Resource Partners in connection with the Company’s acquisition of the Los Filos Mine from Goldcorp Inc. on April 7, 2017. To accommodate COFECE requirements, when acquiring the Los Filos Mine, Orion’s US$50 million equity investment in Leagold on April 7, 2017 was split into US$21 million in common shares of Leagold and US$29 million in subscription receipts, with each subscription receipt automatically converting into one common share on receipt of the COFECE approval, without payment of additional consideration. In connection with the acquisition of the Los Filos Mine, Goldcorp Inc. agreed to defer US$29 million of the US$279 million cash portion of the purchase price by accepting a short-term promissory note from Leagold.