Day: November 1, 2018

As a result of a review by the British Columbia Securities Commission, Advance Gold is issuing the following news release to clarify the disclosure in its news release of Oct. 29, 2018.

“We made excellent progress in the third quarter towards both our near and long-term objectives. We met our quarterly production guidance and remain well positioned to achieve full year guidance. We completed the Phase I expansion at Island Gold on schedule and are having ongoing success on the exploration front which has translated into significant Mineral Reserve and Resource growth in the year since we acquired the mine. We’re also advancing on the lower mine expansion at Young-Davidson which will unlock the full potential of the mine and drive significant free cash flow growth,” said John A. McCluskey, President and Chief Executive Officer.

Industrias Peñoles se posicionó como el mayor productor de zinc de México en 2017, en gran medida gracias al arranque de la mina Velardeña, de acuerdo con información de la Cámara Minera de México (Camimex).

“This funding, when combined with the expected future revenue from contracted projects and profit participation from the current recovery project under contract, is expected to fund Odyssey into 2020, based on our current budgets,” stated Mark Gordon, President and CEO of Odyssey Marine Exploration. “The proceeds from this offering also give us flexibility to take advantage of new strategic opportunities that have the potential to deliver significant value in the near future and allow us to accelerate early stage production development or other expenses for our Mexican phosphate project.”

“It was a tough quarter that is not representative of the many operational improvements made at Platosa in recent quarters,” stated Brendan Cahill, President and CEO. “In addition to lower production, financial results were impacted by lower by-product prices and associated provisional price adjustments, which have affected the whole market.”