Month: August 2018

Goldplay Exploration Ltd. is pleased to announce the appointment of Mr. Trevor Woolfe to the newly created position of Vice President, Corporate Development and Exploration. As Vice President, Corporate Development and Exploration, Mr Woolfe will identify and assess new opportunities with the potential to grow the Company, engage in investor relations and marketing, raise the Company profile in the investment community and enhance its shareholders’ value, as well as providing management support to ongoing exploration activities. Mr. Woolfe will report directly to the President and CEO of Goldplay, Mr. Marcio Fonseca.

Bradford Cooke, Endeavour CEO, commented, “Our financial performance in Q2, 2018 was tempered by higher depreciation and depletion charges primarily at Guanacevi, higher foreign exchange losses related to depreciation of the Mexican peso, higher current taxes primarily at Bolanitos and El Cubo and increased expenditures advancing Terronera and exploring Parral.”

Mr. Bannantine added, “Our Q2 2018 financial results were also impacted by higher costs at the Guananjuato Mine Complex as we experienced narrower vein widths than our model anticipated. Despite this, we are maintaining our cost guidance for the year, as we expect the trend in Q2 to reverse in the remainder of the year based on our recent drill results and development to date to access these drilled targets. We continue to maintain a strong balance sheet with approximately $60 million of cash and short-term investments and no debt, which is more than sufficient to fund the development of Coricancha. Further, we expect our Mexican operations will continue to provide cash flow to fund the Company’s ongoing requirements.”

“With near record production in the second quarter, we came in slightly ahead of expectations and remain well positioned to achieve full year guidance. This reflected another strong outperformance from Mulatos and Island Gold, with production guidance for both mines increased for the second consecutive quarter,” said John A. McCluskey, President and Chief Executive Officer.

SilverCrest Metals Inc. announces the resignation of Dunham Craig from the Board of Directors of the Company. The Company wishes to sincerely thank Mr. Craig for his tremendous contribution and services as a director and wishes him all the best in his future.