Seabridge to acquire SnipGold at 29.1 cents per share

2016-04-19 07:07 ET - News Release-- See News Release (C-SEA) Seabridge Gold Inc
 
Mr. Rudi Fronk of Seabridge reports
 
SEABRIDGE GOLD INC. TO ACQUIRE SNIPGOLD CORP. BY WAY OF PLAN OF ARRANGEMENT
 
Seabridge Gold Inc. and Snipgold Corp. have entered into a definitive agreement dated April 18, 2016, pursuant to which Seabridge has agreed to acquire all of the issued and outstanding common shares of SnipGold by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia).
 
Rudi Fronk, Seabridge's chief executive officer and chairman, said: "The board of directors of Seabridge believes the proposed transaction will enhance our exploration potential in an area where our technical team has built up significant expertise. This proposal also meets our transaction test of immediately increasing our gold resource ownership per share. Our KSM project has geological similarities to SnipGold's Iskut project and the two properties are near enough to each other to offer synergies in terms of personnel and infrastructure.
Read more: SnipGold Corp ( SGG )

Agnico Eagle announces additional investment in Belo Sun

(All amounts expressed in Canadian dollars unless otherwise noted)
 
TORONTO , March 10, 2016 Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM)("Agnico Eagle") announced today that it has agreed to subscribe for 11,680,000 common shares (the "Subject Shares") of Belo Sun Mining Corp. (BSX.TO) ("Belo Sun") in a non-brokered private placement at a price of $0.53 per Subject Share, for total consideration of $6,190,400 .  The Subject Shares represent approximately 3.24% of the issued and outstanding common shares of Belo Sun on a non-diluted basis at the date hereof.  Closing of the private placement is expected to occur on or about March 16, 2016 .
 
On closing of the private placement, Agnico Eagle will own 74,180,000 common shares of Belo Sun , representing approximately 19.95% of the issued and outstanding common shares of Belo Sun on a non-diluted basis (after giving effect to the issuance of the Subject Shares).  As previously disclosed, Agnico Eagle and Belo Sun are party to an investor rights agreement dated May 21, 2015 pursuant to which Agnico Eagle has the right (which it has not exercised) to nominate one person to the board of directors of Belo Sun and the right to participate in certain future equity financings by Belo Sun in order to maintain its pro rata investment.
Read more: Belo Sun Mining Corp ( BSX )

Richmont Mines Reports Another Record Quarter at Island Gold with a 147% Increase in Production and a 52% Reduction in Cash Costs

TORONTOApril 12, 2016  Richmont Mines Inc. (TSX: RIC) (NYSE MKT: RIC) ("Richmont" or the "Corporation"), reports that the Island Gold Mine delivered another record quarter of operational results that contributed to a strong consolidated first quarter production of 32,369 gold ounces and cash costs of$806 per ounce (US$587 per ounce). (All amounts are in Canadian dollars unless otherwise indicated).

Highlights for the First Quarter include:

  • During the first quarter, Island Gold produced 26,589 ounces of gold (26,031 ounces sold), an increase of 147% over the same period in 2015 and an 87% increase over the prior quarter. Increased production for the quarter was positively impacted by higher than expected reconciled grades of 11.31 g/t milled and record mill throughput of 834 tonnes per day. Company-wide production was 32,369 ounces of gold (32,239 ounces sold), a 25% increase over the prior year period and 45% over the prior quarter.
    Read more: Richmont Mines Inc ( RIC )

Unigold Expands Candelones Extension Deposit Intersecting 7.0 Metres Averaging 8.9 g/t Au; 37.1 g/t Ag; 0.2% Cu; 2.4% Zn at Target C

2016-04-11 13:55 ET - Unigold Inc. ("Unigold" or the "Company") (TSX VENTURE: UGD) is pleased to announce recent results from exploration drilling at the Candelones Extension deposit, within the Company's 100% owned Neita Concession in the Dominican Republic.

The Company has received results from five holes testing Target C (REF Figure 1.0), near the currently defined western limit of the Candelones Extension deposit. Historical holes LP52 (15.9 metres @ 11.36 g/t Au; 38.3 g/t Ag; 0.4% Cu; 5.1% Zn) and LP57 (10.0 metres @ 6.71 g/t Au; 2.0 g/t Ag; 0.1% Cu; 0.6% Zn), define a potential vertical feeder system (REF Figure 2.0). West of LP52, historical drilling intersected relatively flat lying mineralization, dominated by sphalerite and barite, localized at the andesite - dacite contact.

LP16-103 targeted the midpoint between holes LP52 and LP57; intersecting 7.0 metres @ 8.86 g/t Au; 37.1 g/t Ag; 0.2% Cu and 2.4% Zn.

Read more: Unigold Inc ( UGD )

Avino announces Q1 2016 production results

VANCOUVER, April 11, 2016 - Avino Silver & Gold Mines Ltd. (ASM: TSX-V, ASM: NYSE–MKT, GV6: FSE, "Avino" or "the Company") is pleased to report its first quarter 2016 production results from its Avino property near Durango, Mexico.
Consolidated Production Highlights for First Quarter 2016 (Compared to First Quarter 2015)
Silver equivalent production increased by 10% to 715,933 oz*
Silver production increased by 11% to 403,447 oz
Gold production decreased by 14% to 1,497 oz
Copper production increased by 55% to 1,350,912 Lbs
 
* For comparison purposes, the silver equivalent ratio has been calculated using metal prices of $14.84 oz Ag, $1,180 oz Au and $2.12 Lb Cu. Mill production figures have not been reconciled and are subject to adjustment with concentrate sales. Calculated figures may not add up due to rounding.
Read more: Avino Silver & Gold Mines Ltd ( ASM )