ALL NEWS RELEASES

  • Tahoe Resources Reports Strong Earnings In First Quarter 2016

    VANCOUVER, British Columbia, May 3, 2016 /CNW/ -- Tahoe Resources Inc. (TSX: THO, NYSE: TAHO) ("Tahoe" or the "Company") today announced financial and operating results for the three months ending March 31, 2016 and provided a production update for operations in Guatemala, Peru and Canada. Financial and operating data for the Company's Canadian operations, acquired on April 1, 2016, are not included in the first quarter 2016 Read More

  • IAMGOLD's net operating cash flow from continuing operations increases by 90%

    TORONTO, May 3, 2016 /CNW/ - IAMGOLD Corporation ("IAMGOLD" or the "Company") today reports its financial and operating results for the quarter ended March 31, 2016. "We had a strong start to the year," said Steve Letwin, IAMGOLD President and CEO. "Our bottom line improved significantly over the previous year and net operating cash flow from continuing operations rose by 90%. We continued to focus on increasing Read More

  • Centerra Gold 2016 First Quarter Results

    TORONTO, ON--(Marketwired - May 03, 2016) - Centerra Gold Inc. (TSX: CG) Centerra Gold Inc. (TSX: CG) today reported net earnings of $18.1 million or $0.08 per common share (basic) in the first quarter of 2016, compared to net earnings of $40.7 million or $0.17 per common share (basic) for the same period in 2015. The decrease in earnings reflects a 65% decrease in gold ounces sold, in Read More

  • Continental Gold Announces $25 Million Bought Deal

    TORONTO, ONTARIO--(Marketwired - May 3, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Continental Gold Inc. (TSX:CNL)(OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by TD Securities Inc. and Clarus Securities Inc. (together, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a Read More

  • Lucara Reports Strong Demand and Pricing for Its First Quarter Diamond Sale and Commences the Sales Process for the Lesedi La Rona Diamond

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 3, 2016) - Lucara Diamond Corp. (TSX:LUC)(BOTSWANA:LUC)(NASDAQ OMX Stockholm:LUC) ("Lucara" or the "Company") reports strong first quarter 2016 revenues of $50.6 million or $649 per carat and cash of $144.3 million (all dollar amounts are in US Dollars unless otherwise indicated). HIGHLIGHTS Financial: Revenue for the period was $50.6 million or $649 per carat (Q1 2015: $29.6 million or $278 per carat). EBITDA Read More

  • Reservoir Consolidates the Cukaru Peki Upper Zone Acquiring 55% Interest from Freeport

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2016) - Reservoir Minerals Inc. ("Reservoir" or the "Company") (TSX VENTURE:RMC)(OTC PINK:RVRLF)(BERLIN:9RE) is pleased to advise that it has exercised its Right of First Offer ("ROFO") with Freeport-McMoRan Exploration Corporation ("Freeport") to acquire Freeport's 55% interest in the Timok Project Upper Zone of the Cukaru Peki copper-gold deposit, and increase its interest in the Lower Zone, by payment of US$135 million to Read More

  • Pretivm Renews Preliminary Base Shelf Prospectus

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2016) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") announced today that it has filed a preliminary short form base shelf prospectus with the securities commissions in each of the provinces and territories of Canada, except Quebec, and a corresponding shelf registration statement on Form F-10 with the U.S. Securities and Exchange Commission (the "SEC") under the U.S. Securities Act of Read More

  • Continental Gold Mines Over 100% More Gold Than Estimated From Trial Mining Stopes

    TORONTO, ON--(Marketwired - May 03, 2016) - Continental Gold Inc. (TSX: CNL) (OTCQX: CGOOF) ("Continental" or the "Company") is pleased to announce positive final reconciled results from the trial mining program completed along the San Antonio vein in the Yaraguá vein system at the Buriticá project, Colombia. JDS Energy & Mining Inc. ("JDS") was retained to oversee the trial stope mining, processing of ore through Continental's small-scale milling Read More

  • Klondex Further Extends Main Veins at Fire Creek With Additional High Grade Intercepts

    VANCOUVER, BC--(Marketwired - May 03, 2016) - Klondex Mines Ltd. (TSX: KDX) (NYSE MKT: KLDX) ("Klondex"or the "Company") is pleased to provide an update on its first quarter underground drill program at its Fire Creek Mine located in northern Nevada, USA. The following drill results are all new information and were not included in the previous mineral resource estimate released on September 16, 2015. Fire Creek Mine Drilling Read More

  • Argonaut Gold Announces First Quarter 2016 Earnings per Share of $0.03; Cash Balance Increases to $46.6 Million

    TORONTO, ONTARIO--(Marketwired - May 3, 2016) - Argonaut Gold Inc. (TSX:AR) (the "Company", "Argonaut Gold" or "Argonaut") is pleased to announce its financial and operating results for the first quarter ended March 31, 2016. All dollar amounts are expressed in United States dollars, unless otherwise specified. 1st Quarter Change 2016 2015 Financial Data (in millions except earnings per share) Revenue $35.3 $51.0 (31 %) Gross profit $8.9 $6.8 31 Read More

  • Denison Mines Announces CAD$10 Million Bought Deal Offering of Flow-Through Common Shares

    TORONTO, ONTARIO--(Marketwired - May 3, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(NYSE MKT:DNN) is pleased to announce that it has entered into an agreement with Dundee Securities Ltd. and TD Securities Inc. as co-lead underwriters and joint bookrunners, on behalf of a syndicate of underwriters (together, the "Underwriters"), under which Read More

  • Scorpio Gold Reports Results from 2016 Definition Drilling at the Custer Deposit, Mineral Ridge Project, Nevada

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 3, 2016) - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN) reports results from the 2016 definition drilling program on the Custer deposit at its 70% owned Mineral Ridge project, located in Nevada. The Custer deposit lies along trend of and ~500 meters southeast of the Mary LC deposit. Structurally, Custer is very similar to the Drinkwater deposit, having far less Read More

  • Altius Announces Closing of C$40 Million Bought Deal Financing

    ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - May 3, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Altius Minerals Corporation ("Altius")(TSX:ALS) is pleased to announce it has closed its previously announced bought deal common share financing. A total of 3,578,800 common shares of Altius were sold at a price of C$11.25 per common share for aggregate gross proceeds to Altius of Read More

  • Premier continues success at Hasaga Red Lake

    THUNDER BAY, ON, May 3, 2016 /CNW/ - Premier Gold Mines Limited (TSX-PG) is pleased to provide its latest update from the winter drilling program on the Company's 100%-owned Hasaga Project in the Red Lake gold mining district of Northwestern Ontario. Results continue to extend the near surface mineralization in the Hasaga Porphyry area with the holes listed below being the closest intercepts to surface (beneath the Read More

  • Cypress Reports Assay Results from Clayton Valley Lithium Project, Nevada

    VANCOUVER, British Columbia, May 03, 2016 (GLOBE NEWSWIRE) -- Cypress Development Corp. (TSX-V:CYP) (OTCBB:CYDVF) (Frankfurt:C1Z1) (“Cypress” or the “Company”) is pleased to announce, further to its news release April 5, 2016, that the Company has received lithium assays from Cypress’ ongoing Phase 2 sampling program at its 1320 acre Clayton Valley Project located in Esmeralda County, Nevada. Cypress Clayton Valley Lithium Project, Nevada claims map: Cypress' Clayton Read More

  • Pangolin Recovers Two Additional Diamonds and 210 Kimberlite Indicators Within the MTS Grid, Malatswae Diamond Project, Botswana

    TORONTO, ONTARIO--(Marketwired - May 3, 2016) - Two additional diamonds recovered within the 1.5 square kilometre MTS Grid The diamonds are from samples collected less than 110 metres apart A total of three diamonds from the grid supports the presence of at least two diamond-bearing occurrences Thirteen diamonds reported from the Malatswae Diamond Project to date A total of 390 kimberlite indicators recovered to date Three zones of Read More

  • Valentine Gold Camp 2016 Summer Program Kicks Off With $3M Financing, Drilling & Continued Metallurgical Work

    TORONTO, ON--(Marketwired - May 03, 2016) - Marathon Gold Corporation ("Marathon" or the "Company") (TSX: MOZ) today announced plans for its 2016 summer drill program and an update on its current bought deal private placement financing, announced previously in Marathon's press release on April 21, 2016. Marathon Gold was notified by Canaccord Genuity Corp., the underwriter of the financing, that it would exercise its over-allotment option to increase Read More

  • Aberdeen Reports Shareholders' Equity of $0.27 Per Share and 2016 Year End Financial Results

    TORONTO, ONTARIO--(Marketwired - May 3, 2016) - ABERDEEN INTERNATIONAL INC. ("Aberdeen", or the "Company") (TSX:AAB) is pleased to announce that it has released its financial results for the fourth quarter of 2016, ended January 31, 2016. Highlights: Corporate focus on recently acquired platinum-palladium and lithium investments; Closed the acquisition of all the shares of Potasio y Litio de Argentina SA (PLASA) which holds 100-per-cent interest in the Diablillos Read More

  • Argonaut Gold Announces Results of Annual and Special Meeting of Shareholders

    TORONTO, ONTARIO--(Marketwired - May 3, 2016) - Argonaut Gold Inc. (TSX:AR) ("Argonaut", "Argonaut Gold" or the "Corporation") is pleased to announce the results of its annual and special meeting of shareholders (the "Meeting") held May 3, 2016. All matters presented for approval at the Meeting by management were duly authorized and approved, as follows: election of all management nominees to the board of directors of the Company; appointment Read More

  • Gabriel Resources: Additional Details Regarding the Proposed Private Placement

    London, England (FSCwire) - Further to the announcement of March 29, 2016, Gabriel Resources Ltd. (“Gabriel” or the “Company”) provides additional details regarding its previously announced proposed private placement to raise up to $20 million and the proposed restructuring of certain existing securities. Private Placement and Restructuring The Company has entered into subscription agreements with certain existing shareholders pursuant to which the Company intends to raise $20 Read More

  • Aberdeen President and CEO, David Stein, Awarded the CIM-Bedford Canadian Young Mining Leaders Award

    TORONTO, ONTARIO--(Marketwired - May 3, 2016) - ABERDEEN INTERNATIONAL INC. ("Aberdeen", or the "Company") (TSX:AAB) is pleased to announce that David Stein, President and CEO of Aberdeen International has been awarded the CIM-Bedford Canadian Young Mining Leaders Award. The CIM-Bedford Canadian Young Mining Leaders Awards encourages and accelerates the development of leadership in Canadian mining by recognizing outstanding achievement and potential of young Canadian mining leaders. It recognizes Read More

  • Alexander Nubia Announces Non-Brokered Private Placement of Up to $2.0 Million

    TORONTO, ONTARIO--(Marketwired - May 3, 2016) - Alexander Nubia International Inc. (TSX VENTURE:AAN) (the "Corporation" or "Alexander Nubia") is pleased to announce a non-brokered private placement offering of up to 40,000,000 common shares (the "Common Shares") at a price of $0.05 per Share (the "Private Placement"), for total gross proceeds of up to $2,000,000. The closing of the Offering is expected to occur on or about June 1, Read More

  • Wellgreen Platinum Closes Remainder of Private Placement Financing

    VANCOUVER, May 3, 2016 /CNW/ - Wellgreen Platinum Ltd. ("Wellgreen Platinum" or the "Company") (TSX: WG; OTC-QX: WGPLF) is pleased to announce that it has closed the remainder of the second tranche (the "Second Tranche") of its previously announced private placement financing (the "Private Placement"). An additional 12,892,536 Units (each, a "Unit") have been placed with a number of subscribers including the Company's management team who, collectively, Read More

  • Leading Independent Advisory Firms ISS and Glass Lewis Recommend That Shareholders of Centerra Gold Inc. Vote for All Director Nominees and Resolutions at the Annual Meeting of Shareholders

    TORONTO, ON--(Marketwired - May 03, 2016) - Centerra Gold Inc. ("Centerra" or the "Company") (TSX: CG) is pleased to announce that both Institutional Shareholder Services Inc. ("ISS") and Glass Lewis and Co., LLC ("Glass Lewis"), two leading independent proxy advisory firms, have recommended that shareholders of Centerra Gold Inc. vote FOR all of the nominees for director to the board and FOR the appointment of KPMG LLP as Read More

  • RNC Announces $8.7 Million Bought Deal Financing

    TORONTO, ONTARIO--(Marketwired - May 3, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Royal Nickel Corporation ("RNC" or the "Company") (TSX:RNX) has announced today that it has entered into an agreement with Haywood Securities Inc. and Beacon Securities Limited, as co-lead underwriters (together, the "Underwriters"), under which the Underwriters have agreed to purchase, on a bought deal basis, 17,060,000 common Read More

  • Randgold Resources: Result of AGM

    JERSEY, CHANNEL ISLANDS--(Marketwired - May 3, 2016) - Randgold Resources (LSE: RRS) (NASDAQ: GOLD) RANDGOLD RESOURCES LIMITEDIncorporated in Jersey, Channel Islands Reg. No. 62686 LSE Trading Symbol: RRS NASDAQ Trading Symbol: GOLD ("Randgold Resources" or the "Company") FINAL DIVIDEND FOR 2015, ELECTION FOR STERLING DIVIDEND, AND RESULTS OF ANNUAL GENERAL MEETING Jersey, Channel Islands, 3 May 2016 - Randgold Resources confirms that at the Company's Annual General Meeting held Read More

  • Gold Resource Corporation First Quarter Conference Call

    COLORADO SPRINGS, CO--(Marketwired - May 3, 2016) - Gold Resource Corporation (NYSE MKT: GORO) (the "Company") today announced the timing of its first quarter earnings conference call scheduled for May 5, 2016. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned $108 million to shareholders in monthly dividends since commercial production commenced July 1, Read More

  • Russel Metals Announces 2016 First Quarter Results

    TORONTO, May 3, 2016 /CNW/ - Russel Metals Inc. (RUS - TSX) today announced financial results for first quarter ended March 31, 2016. Three Months Ended March 31, 2016 2015 Revenues $ 662 $ 904 EBIT 1 $ 17 $ 37 Net Income $ 8 $ 19 Earnings per Share $ 0.13 $ 0.30 Free Cash Flow $ 22 $ 30 Dividends paid 2 $ 0.38 $ 0.38 All amounts are reported in millions of Canadian dollars except per share Read More

  • Russel Metals Declares Common Share Dividend

    TORONTO, May 3, 2016 /CNW/ - Russel Metals Inc. (RUS - TSX) announced today that it has declared a dividend in the amount of Cdn$0.38 per share on its common shares, payable on June 15, 2016 to shareholders of record at the close of business on May 24, 2016. Russel Metals is one of the largest metals distribution companies in North America. It carries on business in three Read More

  • Shore Gold Inc. Announces First Quarter Results

    SASKATOON, May 3, 2016 /CNW/ - Shore Gold Inc. ("Shore" or the "Company") reports that the unaudited results of Shore's operations for the quarter ended March 31, 2016 will be filed today on SEDAR and may be viewed at www.sedar.com once posted. A summary of key financial and operating results for the quarter is as follows: Overview The Company's Star – Orion South Diamond Project ("Project") is situated Read More

  • Boliden’s Q1: Good Result in Smelters

    BOLIDEN, Sweden--(BUSINESS WIRE)-- Boliden’s revenues totalled SEK 8,849 m (10,407) and the operating profit, excluding the revaluation of process inventory, was SEK 769 m (1,102). Higher production levels than in the previous year were, however, unable to compensate in full for lower metal prices. “Boliden’s strategic positioning, with mines and smelters that produce both base and precious metals, gives us an advantage in today’s market. The Read More

  • Exploration Drilling To Commence In June Targeting Structural Intersection Potential - Red Lake District

    Toronto, Ontario (FSCwire) - West Red Lake Gold Mines Inc. (“West Red Lake Gold” or the “Company”) (CSE: RLG) (FWB: HYK) (OTC: HYLKF) announces the Summer 2016 exploration plan for the Company’s 3100 hectare West Red Lake Project located in the Red Lake Gold District, 20 km west of Balmertown, Northwest Ontario, Canada. Beginning early June the Company plans to drill approximately ten drill holes to follow Read More

  • Nevsun Reports That Reservoir Minerals Has Closed the Right of First Offer on the Timok Copper Project

    VANCOUVER, May 3, 2016 /CNW/ - Nevsun Resources Ltd. ("Nevsun") (TSX: NSU, NYSE: NSU) is pleased to announce that in connection with the proposed combination agreement between Nevsun and Reservoir Minerals Inc. ("Reservoir"), as announced on April 24, 2016, Reservoir has closed the right of first offer ("ROFO") with Freeport International Holding (BVI) Inc. ("Freeport") on the Timok Copper-Gold Project. Closing the ROFO consolidates 100% ownership of Read More

  • TriMetals Mining Inc. Provides Update on the Thor Vein Targets Within the Gold Springs Project

    VANCOUVER, BC--(Marketwired - May 03, 2016) - TriMetals Mining Inc. (TSX: TMI) (TSX:TMI.B) (OTCQX: TMIAF) (OTCQX:TMIBF), (the "Company"), recently reported (March 1, 2016) on the analysis of data related to the historic Thor Mine area within the Talisman claim. In its continuing effort to better develop the higher-grade Thor target, the Company is pleased to announce the results from recent field mapping and sampling efforts. A new outcropping Read More

  • Aurvista Gold Arranges C$ 1,100,000 Financing

    Montreal, Quebec--(Newsfile Corp. - May 3, 2016) - Aurvista Gold Corporation (TSXV: AVA) (OTC: ARVSF) ("Aurvista" or the "Company") has arranged a non-brokered private placement of up to C$ 1,100,000. The Private Placement will consist of up to 6,250,000 flow-through units (the "Flow-Through Units") at a price of C$ 0.08 per Flow-Through Unit for gross proceeds of up to C$ 500,000. Concurrently, the Company will also be offering Read More

  • Gold Bullion Announces Results Of 2016 Annual General Meeting

    May 2, 2016 / TheNewswire / Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the "Company" or "Gold Bullion") announces the results of the 2016 Annual General Meeting of Shareholders (the "Meeting") held on Friday, April 29, 2016. The following individuals were re-elected directors of the Company: Frank J. Basa, Roger Thomas, Jacques F. Monette, and Annemette Jorgensen. Shareholders also approved the re-appointment of McGovern, Hurley, Cunningham, Chartered Read More

  • Zadar Updates Lithium Projects

    VANCOUVER, BC --(Marketwired - May 03, 2016) - Zadar Ventures Ltd. (the "Company") (TSX VENTURE: ZAD) (OTC PINK: ZADDF) (FRANKFURT: ZAV) is pleased to provide the following Corporate shareholder update. The company recently completed a $700,000 dollar financing and has met its initial obligations to purchase the 2 previously announced Lithium assets in Clayton Valley. As part of the company's plans to move the projects forward it has Read More

  • Otterburn Provides Update on Financing and Meeting

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 3, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. Otterburn Resources Corp. ("Otterburn") (TSX VENTURE:OBN) announces that, further to news releases of July 28, 2015, October 28, 2015, March 8, 2016 and March 11, 2016, Otterburn and K92 Mining International Read More

  • Asian Mineral Resources - The Release of 2015 Financial Statements and MD&A

    TORONTO, ONTARIO--(Marketwired - May 3, 2016) - Asian Mineral Resources Limited ("AMR" or the "Company") (TSX VENTURE:ASN) is pleased to provide a financial and operational update for the full year ended December 31, 2015 ("FY2015"). OPERATIONAL HIGHLIGHTS Production increased: 18% above target milled production of 447,746 tonnes (379,600 tonnes FY 2015 target); 8,607 tonnes of nickel contained metal in concentrate (FY2014: 6,854 tonnes); 4,011 tonnes of copper contained Read More

  • Centerra Gold Announces Quarterly Dividend of C$0.04 Per Share

    TORONTO, ON--(Marketwired - May 03, 2016) - Centerra Gold Inc. (TSX: CG) announced today that its Board of Directors has authorized a quarterly dividend of C$0.04 per common share or C$9,680,377 (approximately US$7.6 million at the current exchange rate). The dividend of C$0.04 per common share is payable on June 2, 2016 to shareholders of record on May 19, 2016. The ex-dividend date will be May 17, 2016. Read More

  • Eloro Resources Increases Financing to $400,000 and Closes First Tranche for Proceeds of $350,000

    TORONTO, ONTARIO--(Marketwired - May 3, 2016) - Eloro Resources Ltd. (TSX VENTURE:ELO)(FRANKFURT:P2Q) ("Eloro" or the "Corporation") is pleased to announce that further to its announcement dated April 29, 2016, it is increasing the amount of its non-brokered private placement (the "Private Placement") by up to 294,118 units ("Units") of Eloro at a price of $0.17 per unit ("Units") for additional proceeds of up to $50,000 for total proceeds Read More

  • Canyon Enters into Loan Agreement with Metamin Enterprises Inc.

    Vancouver, British Columbia--(Newsfile Corp. - May 3, 2016) - Canyon Copper Corp. (TSXV: CNC) ("Canyon") announces that it has entered into a loan agreement with Metamin Enterprises Inc. ("Metamin") and has extended a previous loan from Ainsworth Jenkins Holdings Inc. ("AJH"). Both Metamin and AJH are companies controlled by Benjamin Ainsworth, the President and CEO of Canyon. Loan Agreement Canyon has entered into a loan agreement with Metamin Read More

  • Ashburton Arranges Flow Through Private Placement

    Vancouver, British Columbia (FSCwire) - ASHBURTON VENTURES INC. (TSX-V: ABR) (ARB-FRANKFURT) (“Ashburton” or the "Company”) announces that it has arranged a non-brokered private placement of 12 million flow through units ("FT Units") at a price of $0.05 per Unit for aggregate gross proceeds of $600,000 (the "FT Offering"). Each FT Unit will be comprised of one flow through common share ("FT Share") and one non-flow through Share Read More

  • Atlantic Gold Completes 100,000 Ounces of Gold Price Hedging Contracts

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 3, 2016) - Atlantic Gold Corporation (TSX VENTURE:AGB) ("Atlantic" or the "Company") is pleased to announce that pursuant to the terms of its hedging facility of up to 215,000 ounces, the Company has entered into gold price hedging contracts (the "Contracts") covering 100,000 ounces of production from the Company's Moose River Consolidated Project. The Contracts were executed on a spot basis of CAD$1,619 Read More

  • Western Areas Announces Successful Completion of Share Purchase Plan

    BURLINGTON, ONTARIO--(Marketwired - May 2, 2016) - GTA Resources and Mining Inc. (TSX VENTURE:GTA) is pleased to announce that it has closed on the first tranche of its non-brokered private placement financing previously announced on April 11, 2016 and April 26, 2016. The first tranche consisted of 1,840,000 flow-through share units ("Flow-through Units") for gross proceeds of $92,000, at a price of $0.05 per Flow-through Unit, with each Read More

  • Centamin plc Results for the Quarter Ended 31 March 2016

    PERTH, AUSTRALIA--(Marketwired - May 3, 2016) - Centamin plc (LSE: CEY) (TSX: CEE) Centamin plc ("Centamin" or the "Company") (LSE: CEY; TSX:CEE) Centamin plc Results for the Quarter ended 31 March 2016 Centamin plc ("Centamin" or the "Company") (LSE: CEY; TSX: CEE) is pleased to announce its unaudited results for the three months ended 31 March 2016. Operational Highlights Gold production of 125,268 ounces was a 6% increase Read More

  • Belmont Closes 1st Tranche of Private Placement for $195,000

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 3, 2016) - Belmont Resources Inc. (TSX VENTURE:BEA)(FRANKFURT:L3L1)(OTC PINK:BEAAF) ("Belmont", or the "Company). Further to our news release of March 30, 2016 and the TSX Venture Exchange bulletin of April 28, 2016 the Company has closed the first tranche of the private placement. The Company has issued 3,900,000 units (the "Units) at a price of $0.05 per Unit for gross proceeds of $195,000. Read More

  • Galway Terminates Victorio Agreement

    TORONTO, ONTARIO--(Marketwired - May 3, 2016) - Galway Metals Inc. (TSX VENTURE:GWM) (the "Company") announces that it has terminated the contract for its Victorio Molybdenum-Tungsten Project located in southwestern New Mexico. Due to unfavorable market conditions and depressed molybdenum and tungsten prices, Galway Metals will not make the US$75,000 payments due June 1st, 2016 and 2017 on the Victorio project or the final payment of US$900,000 in 2018. Read More

  • Proxy Advisory Firms, ISS and Glass Lewis Recommend Claude Shareholders Vote FOR the Plan of Arrangement with Silver Standard

    SASKATOON, SASKATCHEWAN--(Marketwired - May 3, 2016) - Claude Resources Inc. (TSX:CRJ)(OTCQB:CLGRF) ("Claude" and or the "Company") today announced that ISS Proxy Advisory Services ("ISS") and Glass, Lewis & Co. ("Glass Lewis"), two leading independent proxy advisory firms, have recommended that the Company's shareholders vote FOR the Plan of Arrangement (the "Arrangement") through which Silver Standard Resources Inc. ("Silver Standard") will acquire all of the issued and outstanding common Read More

  • First Point Minerals Closes Over-Subscribed Private Placement for $630,000

    VANCOUVER, BC--(Marketwired - May 03, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES First Point Minerals Corp. (TSX: FPX) ("First Point" or the "Company") is pleased to report that it has closed its previously announced non-brokered private placement for gross proceeds of $630,000 (the "Offering"). The Company expanded the originally announced private placement from 11,400,000 shares to 12,600,000 shares Read More

  • Nautilus Minerals AGM to Be Held June 1, 2016

    TORONTO, ONTARIO--(Marketwired - May 3, 2016) - Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") is to hold its Annual General Meeting (AGM) in Toronto, Ontario, on Wednesday, June 1, 2016. The Company has today sent to shareholders its Annual Report, which contains the audited financial statements and Management's Discussion & Analysis for the year ended December 31, 2015, together with the meeting materials, being Read More

  • First Mining to Acquire Cameron Gold Project From Chalice Gold Mines Limited

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 3, 2016) - First Mining Finance Corp. ("First Mining") (TSX VENTURE:FF)(OTCQB:FFMGF) is pleased to announce that it has entered into a definitive share purchase agreement (the "Agreement") with Chalice Gold Mines Limited (ASX:CHN)(TSX:CXN) ("Chalice"). Under the Agreement First Mining has agreed to acquire Cameron Gold Operations Ltd., a wholly-owned subsidiary of Chalice (the "Transaction") which owns the Cameron Gold project located in Ontario Read More

  • Nevada Copper and City of Yerington Advance Solar Zoning

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 3, 2016) - Nevada Copper Corp. (TSX:NCU) ("Nevada Copper" or the "Company") is pleased to announce that the City of Yerington ("City") Planning Commission unanimously recommended that the majority of Nevada Copper Lands ("Nevada Copper Lands") at its 100% owned Pumpkin Hollow Copper Development Property (the "Project") be put into a newly created industrial district (M-2 - Special Industrial District) to facilitate solar development. Read More

  • Independent Advisory Firms ISS and Glass Lewis Support Argentex Plan of Arrangement With Austral Gold

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 3, 2016) - Argentex Mining Corporation ("Argentex" or the "Company") (TSX VENTURE:ATX)(OTC PINK:AGXMF) is pleased to announce that Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis") have both recommended that Argentex shareholders vote FOR the proposed acquisition by Austral Gold of all remaining Argentex shares through a plan of arrangement. ISS and Glass Lewis are two leading independent proxy advisory Read More

  • Bold Ventures Mobilizes Drill to Amber Zone Gold Showing at the Lac Surprise Property, Chapais-Chibougamau Mining District

    TORONTO, ONTARIO--(Marketwired - May 3, 2016) - Bold Ventures Inc. (TSX VENTURE:BOL) (the "Company" or "Bold") and Northern Superior Resources Inc. (TSX VENTURE:SUP) ("Northern Superior") are pleased to announce that a diamond drill has been mobilized to the first hole location at the Lac Surprise Property, Amber Grid area and has commenced drilling. The Amber and Black Phoenix Showings were discovered as a result of a prospecting and Read More

  • Glen Eagle in Progress to Sell Authier for the Sum of Four Milion Canadian Dollars (CDN $4 000 000)

    MONTREAL, QUEBEC--(Marketwired - May 3, 2016) - Glen Eagle Resources Inc. (TSX VENTURE:GER) ("Glen Eagle" or the "Company") is pleased to announce that it has signed a Letter of Intent (LOI) with Australian Securities Exchange listed, Sayona Mining Limited ("Sayona"), to sell its Authier lithium asset for the sum of four million dollars (CDN $4 000 000). Sayona Mining specializes in sourcing, exploring and developing lithium and grapĥite Read More

  • Red Eagle Mining continues to advance construction of the San Ramon Gold Mine

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Vancouver, British Columbia (FSCwire) - Peruvian Precious Metals Corp. (the "Company") is pleased to announce that Miguel Fernando Arias Davila to its Board of Directors.  Mr. Arias is currently President of Peruana de Energía, a Peruvian hydro-energy company.  Mr. Arias has been a director Peruana de Energia since 1996.  In addition, Miguel is a director of Minera Andina de Exploraciones S. A. A., an exploration and development mining company, is an ex-director of Minera San Ramón, Cia. Minera Poderosa S.A. and ex-president and CEO of San Ignacio de Morococha S.A., both Peruvian mining companies. Mr. Arias is a graduate of Michigan Technological University with a degree in mining engineering.

The company also wishes to announce that Luis-Felipe Arizmendi has stepped down from his position as director of the Company.  The Company wishes to thank Luis-Felipe for his years of service to the Company and its shareholders and looks forward to Luis-Felipe’s continued support in the Peruvian investment community. With Mr. Arias’ appointment and Mr. Arizmendi’s departure, the number of Board members for the Company will remain at six. 

Mr. Brian J. Maher, President and CEO of Peruvian Precious Metals Commented: “The Company is excited to welcome Miguel to our Board of Directors.  Miguel’s considerable experience in the Peruvian mining industry and his business knowledge will be invaluable as we continue to advance our Igor Project.  We are saddened to have Luis-Felipe leave the Board and wish him all the best in his future endeavors.”

On behalf of the Board of Directors

Brian J. Maher

President and Chief Executive Officer

FOR FURTHER INFORMATION, PLEASE CONTACT:

Peruvian Precious Metals Corp.

Kimberly Ann Arntson, CFO and Vice President - Corporate Development

Phone: 1-530-414-4400

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Website:  www.peruvianpmc.com

 

Cautionary Statement:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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FEATURED JUNIOR

Golden Queen Mining Co. Ltd.

Exchange/Ticker: TSX: GQM
Main Asset: Soledad Mountain
Stage:
Production
Operating Region: U.S./California
Profile: Golden Queen Mining is producing gold and silver at the Soledad Mountain Project located just outside the town of Mojave in Kern County, California. The project is utilizing conventional open pit mining methods and cyanide heap leach and Merrill-Crowe processes to recover gold and silver from crushed, agglomerated ore. Production is projected to average 74,000 ounces of gold and 781,000 ounces of silver... VIEW FULL PROFILE