Day: July 24, 2019

“We achieved a number of important milestones in the second quarter that have put Teck in a strong position moving forward,” said Don Lindsay, President and CEO. “The B.C. Government endorsed saturated rock fills to treat water at our steelmaking coal operations, we updated our capital allocation framework to reflect our focus on returning additional cash to shareholders and we are accelerating our innovation-driven efficiency program RACE21™ and aim to generate annualized EBITDA improvements.”

The Company intends to allocate the net proceeds of the sale of the Common Shares to advance the exploration and development of the Company’s Avino Mine and in particular exploration of the Hanging Wall area, and for working capital and general corporate purposes.

“The second quarter of 2019 was another period of strong operating performance with production and costs tracking well with guidance. One of the key highlights in the quarter was the declaration of commercial production at our Meliadine mine in Nunavut”, said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “With Meliadine ramping up to full production over the balance of the year and Amaruq on schedule to achieve commercial production in the third quarter of 2019, the Company is well positioned for a strong second half from both a financial and operational perspective”, added Mr. Boyd.

Southern Silver Exploration Corp. announces that due to increased interest the previously announced $2,000,000 private placement has been increased to $3,000,000. The Company now plans to issue up to 15,000,000 units in the non-brokered private placement at a price of $0.20 per Unit for gross proceeds of $3,000,000. Each Unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of five years at an exercise price of $0.25 per share.

Grupo México señaló que un incremento en su producción de cobre de 16% compensó a la caída en el precio del metal, la cual presionó a sus resultados.

Southern Silver Exploration Corp. plans to issue up to 10,000,000 units in a non-brokered private placement at a price of $0.20 per Unit to raise $2,000,000. Each Unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of five years at an exercise price of $0.25 per share.

PRIZE MINING CORPORATION announces that at its Annual General and Special Meeting scheduled to be held on August 22, 2019, shareholders will be asked to consider a special resolution to approve the continuation of the Company into the jurisdiction of British Columbia and to adopt a new set of Articles upon its continuation. The Continuation must be approved by special resolution at the Meeting, which requires a majority of not less than two-thirds of the votes cast by the shareholders present at the Meeting in person or by proxy. Furthermore, at the Meeting, the shareholders will be asked to consider a special resolution to approve an amendment to the Articles of Incorporation of the Company to change the name of the Company to “Boundary Gold and Copper Mining Ltd.” or such other name as the board of directors of the Company may approve.