Mexican Gold Corp. is pleased to announce its 2018 Phase 1 Exploration Program at the Las Minas property, Veracruz State, Mexico. The program will focus on resource expansion drilling to increase the initial 43-101 mineral resource estimate as well as exploration drilling to expand known mineralized zones. Additionally, field work will be carried out to identify new mineralized zones.
Wheaton Precious Metals Corp. announces that its wholly owned subsidiary Wheaton Precious Metals International Ltd. has agreed to a new precious metals purchase agreement relating to the San Dimas mine, in conjunction with the proposed transaction announced today under which First Majestic Silver Corp. will acquire Primero Mining Corp. pursuant to a plan of arrangement.
Primero Mining Corp. today announced that the Company has agreed to an extension of its revolving credit facility and the related guarantee provided by Wheaton Precious Metals Corp., both previously maturing on January 11, 2018, to the earlier of (i) April 30, 2018, (ii) the closing of the business combination with First Majestic Silver Corp. announced on January 12, 2018, and (iii) the seventh business day following termination of the proposed business combination.
First Majestic Silver Corp. and Primero Mining Corp. are pleased to announce that they have entered into a definitive arrangement agreement whereby First Majestic will acquire all of the issued and outstanding common shares of Primero. Under the terms of the Arrangement Agreement, all of Primeros issued and outstanding common shares will be exchanged for First Majestic common shares on the basis of 0.03325 of a First Majestic common share for each Primero common share.
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