Month: January 2019

The proceeds of the Offering will be used to pay for the costs associated with proceeding to completion of the proposed asset acquisition transaction with Armex Mining Corp. including due diligence costs, audit fees, legal fees and costs of preparing the necessary documentation for the Armex Transaction and for general corporate purposes. The Offering is intended to be completed independently from the Armex Transaction and the funds raised in connection with the Offering will be made available for Camrova’s use immediately upon closing.

Prospero Silver Corp is pleased to announce that the the option agreement announced on December 10, 2018 between Prospero and Fortuna Silver Mines Inc. has been signed by both parties. The Option Agreement is subject to the acceptance of the TSX Venture Exchange.

“In the second quarter Metalla has continued to execute on its strategy of acquiring royalties on properties with world-class operators,” commented Brett Heath , President, and CEO of Metalla. “We are pleased to have completed the acquisition of a 2% NSR royalty on Agnico Eagle’s Santa Gertrudis Mine along with a 1.5% NSR royalty on Pan American Silver’s COSE Mine, which complements our portfolio of high-quality assets with strong counterparties.”

Eurocontrol Technics Group Inc. and Sable Resources Ltd. are pleased to announce that they have entered into an asset purchase agreement dated January 24, 2019, pursuant to which Eurocontrol has agreed to acquire Sable’s mineral resource properties located in the Province of British Columbia and certain related assets all as further set forth therein.

Steve Filipovic, Chief Financial Officer, commented, ”With two new mining operations currently under construction, and an underground program planned for Cove during the second half of this year, this facility complements the Company’s strong balance sheet and positions Premier to execute its aggressive growth plan”.

Capstone Mining Corp. has today filed on SEDAR a National Instrument 43-101 compliant technical report titled “NI 43-101 Technical Report on the Cozamin Mine, Zacatecas, Mexico” for the technical report announced December 10, 2018.

Igor Gonzales, President and CEO of Sierra Metals, commented: “I am very pleased with the Company’s strong Q4 production results, which contributed to a solid year of production in 2018. The Company continues to reap the benefits of the successful operational improvement programs at all Mines.

Bradford Cooke, Endeavour CEO, commented, “We expect to improve our operating performance this year, especially at Guanacevi where the development of two new high-grade orebodies should facilitate higher production and lower costs, and at El Compas, which should achieve commercial production this quarter. However, El Cubo production will scale back to about half that of 2018, in order to give our exploration group more time to explore for new resources.”