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God Bless
AuRico Metals Shareholders Overwhelmingly Approve Acquisition by Centerra Gold
https://ih.advfn.com/p.php?pid=nmona&article=76357136
AuRico Metals Inc. (TSX:AMI)
TORONTO, Dec. 22, 2017 /CNW/ -AuRico Metals Inc. (TSX:AMI) ("AuRico") today announced the voting results of its special meeting (the "Meeting") of holders of common shares (the "Shareholders") held on December 22, 2017. At the Meeting, the Shareholders were asked to consider and, if deemed advisable, to pass a special resolution (the "Arrangement Resolution") approving a statutory plan of arrangement (the "Arrangement") under section 182 of the Business Corporations Act (Ontario) as contemplated by an arrangement agreement dated November 6, 2017 between AuRico, Centerra Gold Inc. and Centerra Ontario Holdings Inc. (the "Purchaser") involving, among other things, the acquisition by the Purchaser of all of the issued and outstanding common shares of AuRico.
The Arrangement Resolution required the approval of: (i) at least two-thirds of the votes cast by Shareholders; and (ii) at least a simple majority of the votes cast by Shareholders, excluding the votes cast by certain persons whose votes were required to be excluded in determining minority approval of a business combination pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101").
The total number of common shares of AuRico represented by Shareholders present in person or by proxy at the Meeting was 114,414,774, representing in total 70.37% of AuRico's issued and outstanding common shares. At the Meeting, Shareholders approved the Arrangement Resolution with approximately 99.90% of the votes cast at the Meeting in favour of the Arrangement (99.90% excluding the votes of certain persons in accordance with MI 61-101).
AuRico will be seeking a final order from the Ontario Superior Court of Justice (Commercial List) with respect to the Arrangement on January 3, 2018 and the Arrangement is expected to be completed on or around January 8, 2018.
About AuRico
AuRico is a mining development and royalty company with a 100% interest in the Kemess property in British Columbia, Canada. The Kemess property hosts the feasibility-stage Kemess Underground Gold-Copper Project, the Kemess East Project and the infrastructure pertaining to the past producing Kemess South mine. AuRico's royalty portfolio includes a 1.5% NSR royalty on the Young-Davidson Gold Mine and a 2.0% net smelter returns royalty on the Fosterville Mine, as well as a portfolio of additional producing and pre-production royalty assets located in North America and Australia.
More information is available at www.auricometals.ca and at www.sedar.com.
For more information about AuRico, please contact:
Chris Richter
President & Chief Executive Officer
AuRico Metals Inc.
(416) 216-2780
chris.richter@auricometals.ca
Cautionary Statement on Forward-Looking Information
This News Release contains "forward-looking statements". All statements other than statements of historical fact included in this release, are forward-looking statements that involve various risks and uncertainties and are based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might", "have potential" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements". Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. In particular, forward-looking information included in this document includes, but is not limited to assumptions and expectations with regard to the Arrangement and its completion. Please consult the section titled "Risk Factors" in AuRico's Annual Information Form and other disclosures of "Risk Factors" by AuRico, available on SEDAR. Although AuRico has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. AuRico assumes no obligation to update or revise forward looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required by applicable law.
SOURCE AuRico Metals
God Bless
Centerra Gold’s acquisition of AuRico Metals -
November 7, 2017 08:00 AM EST
Centerra Gold and AuRico Metals will host a joint conference call on
Tuesday, November 7, 2017 at 8:00 AM Eastern Time for members of the
investment community to discuss the transaction.
The call-in details are as follows:
North American participants should dial the toll-free number: (800) 404-5245
International participants may access the call at: +1 (416) 981-9070
The call will also be webcast live by NASDAQ and can be accessed at:
https://edge.media-server.com/m6/p/o3q7qtwg
A copy of the investor presentation is also available on
the Centerra Gold and AuRico Metals websites at
http://www.centerragold.com and
http://www.auricometals.ca respectively.
4 An audio recording of the call will be available shortly after the call
and will be available until midnight Eastern Time on Friday, December 8, 2017.
The recording can be accessed by calling (416) 626-4100 or
(800) 558-5253 and using the passcode 21862384.
Corporate Presentation & Upcoming Events -
http://www.auricometals.ca/investor-information/events-and-presentations/default.aspx
Good evening mick, good viewing/ $AMI
re;
http://www.mining.com/web/two-overlooked-streaming-stocks-with-huge-upside-potential/
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134834404
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134491217
Aurico Metal Inc. (AMI) Latest Corporate Presentation -
http://www.auricometals.ca/investor-information/events-and-presentations/default.aspx
http://www.auricometals.ca
https://investorshub.advfn.com/Aurico-Metal-Inc-AMI-9242/
Aurico Metals Inc TSX:T.AMI
http://www.stockscores.com/charts/charts/?ticker=t.AMI
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134491217
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134223301
I believe AuRico Metals just got up listed -
http://www.marketwatch.com/story/sp-dow-jones-indices-announces-changes-to-the-sptsx-canadian-indices-2017-09-08-17202150
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134223301
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Bitcoin Trading Platform -
https://moneynetwork.usitech-int.com/
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless
good morning, good viewing/ $AMI
re;
http://www.mining.com/web/two-overlooked-streaming-stocks-with-huge-upside-potential/
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134834404
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134491217
Aurico Metal Inc. (AMI) Latest Corporate Presentation -
http://www.auricometals.ca/investor-information/events-and-presentations/default.aspx
http://www.auricometals.ca
https://investorshub.advfn.com/Aurico-Metal-Inc-AMI-9242/
Good morning, going higher and some old news by a great company -
http://www.mining.com/web/two-overlooked-streaming-stocks-with-huge-upside-potential/
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134834404
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134491217
Aurico Metal Inc. (AMI) Latest Corporate Presentation -
http://www.auricometals.ca/investor-information/events-and-presentations/default.aspx
http://www.auricometals.ca
http://www.kitconet.com/images/live/ag0001wb.gif
http://www.biblebelievers.org.au/monie.htm
- God Bless -
good morning , great mining company $AMI
Thank you NYBob , very interesting ;)
God bless .
Aurico Metal Inc. (AMI) Cu LT Bull want to run -
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134491007
God Bless
I believe AuRico Metals just got up listed -
http://www.marketwatch.com/story/sp-dow-jones-indices-announces-changes-to-the-sptsx-canadian-indices-2017-09-08-17202150
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134223301
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless
Thank you , very nice Chart !
Good bless.
Aurico Metals (AMI) $1.34 UP $0.01 +0.75% )
Volume: 84,167 @ 12:10:37 PM EDT ET
Bid Ask Day's Range
1.34 1.35 1.32 - 1.35
Aurico Metal Inc. (AMI) - New one year high!
Finally gold and silver broke out.
And instantly AMI hit a new 1 year high.
With Kirkland firing on all cilinders,
I wonder how long Aurico can go on on its own.
Really, think there's gonna maybe a bid.
Aurico Metal Inc. (AMI) Latest Corporate Presentation -
http://www.auricometals.ca/investor-information/events-and-presentations/default.aspx
http://www.auricometals.ca
In GOD We Trust -
Trump Ending the Fed & Returning the Gold Standard?
Aurico Metal Inc. (AMI) - New one year high!
Finally gold and silver broke out.
And instantly AMI hit a new 1 year high.
With Kirkland firing on all cilinders,
I wonder how long Aurico can go on on its own.
Really, think there's gonna maybe a bid.
Aurico Metal Inc. (AMI) Latest Corporate Presentation -
http://www.auricometals.ca/investor-information/events-and-presentations/default.aspx
http://www.auricometals.ca
God Bless
That's great , thank you ;)
God bless .
Aurico Metal Inc. (AMI) Latest Corporate Presentation -
http://www.auricometals.ca/investor-information/events-and-presentations/default.aspx
http://www.auricometals.ca
God Bless
AuRico Metals Reports 2017 Second Quarter Results
August 09, 2017
Download this Press Release (PDF)
Reports Record Quarterly Royalty Revenues and Cash Balance
TORONTO, Aug. 9, 2017 /CNW/ -
AuRico Metals Inc. (TSX: AMI),("AuRico" or the "Company") today reported its financial results for the second quarter. For complete details of the Financial Statements and associated Management's Discussion and Analysis for the quarter ended June 30, 2017, please see the Company's filings on SEDAR (www.sedar.com) or the Company's website (www.auricometals.ca). All amounts are in US dollars unless otherwise indicated.
http://www.auricometals.ca/investor-information/recent-press-releases/press-release-details/2017/AuRico-Metals-Reports-2017-Second-Quarter-Results/default.aspx
Recent Highlights include:
Record royalty revenue of $2.8 million, an increase of 39% compared to Q2 2016;
Revenue for the quarter was positively impacted by record second quarter gold production of 77,069 ounces from the Fosterville mine and 47,300 ounces from the Young-Davidson mine;
Annual royalty revenue guidance has been revised upwards for the second time in 2017, to a range of $10.5 to $11.0 million;
Future royalty revenue will be positively impacted by the significant 110% increase in gold ounces within Mineral Reserves at the Fosterville Mine;
The Company reported a record cash balance of $21.2 million at June 30, 2017;
Signed an Impact Benefits Agreement ("IBA") for the Kemess Underground Project with the Tse Key Nay First Nations;
Released a positive Preliminary Economic Assessment ("PEA") for the Kemess East project which displayed robust economics including a pre-tax NPV of C$670.0 million (22.1% IRR) and an after-tax NPV of C$375.0 million (16.7% IRR); and
Completed a $3.8 million (C$5.0 million) Canadian Exploration Expense ("CEE") flow-through financing to fund ongoing exploration at Kemess East.
Commenting on the results, Chris Richter, President and CEO of AuRico Metals stated; "Over the first half of 2017 we reached a number of key milestones at Kemess, including the receipt of our EA Certificate for Kemess Underground, the signing of an Impact Benefit Agreement with our First Nations Partners, and the release of a positive PEA on Kemess East. I am proud of the progress the team has made in achieving these milestones and increasingly highlighting Kemess as a stand out, advanced stage, development opportunity in a top jurisdiction. We look forward to pursuing further value creation through our ongoing efforts on detailed engineering, permitting, and Kemess East drilling which will feed into an integrated Feasibility Study on Kemess Underground and Kemess East. With regards to our royalty portfolio, we are very excited about the significant increase in its value over the first half of the year, not least as a result of the growing reserves and expanding production at Fosterville. The success at Fosterville underscores the high quality nature of our royalty portfolio."
Near-Term Corporate Objectives
The Company's key near-term objectives include:
Release results of 2017 Kemess East drill program (Q4 2017), and updated Kemess East resource estimate (Q1 2018);
Progress permitting and detailed engineering for the Kemess Underground project ahead of a potential decision to commence early construction activities (H1 2018);
Advance integrated Kemess Underground and Kemess East Feasibility Study (mid-2018);
Evaluation of funding alternatives for the potential development of the Kemess Underground project (ongoing).
2017 Outlook
AuRico Metals' goal is to deliver sustained value creation for the Company's many stakeholders. We will look to continue to create shareholder value by advancing the Kemess Underground project, by advancing the Kemess East project, by completing an integrated feasibility study, and by enhancing the value of our royalty portfolio.
The section below contains forward looking information; please refer to the Company's cautionary note regarding forward looking statements. The Company is providing the following revised guidance for 2017, assuming a 0.75 CAD to USD exchange rate and $1,250 per ounce gold price:
(in millions)
August 2017
Guidance
May 2017
Guidance
Royalty revenues (pre-tax)
$10.5 to $11.0
$9.5 to $10.4
General and administrative expense, excluding stock-based compensation
$3.0
$3.0
Care and maintenance expense
$4.0
$4.0
Powerline brushing campaign
$1.5
-
Kemess Underground capital expenditures
$6.0 to $7.0
$5.5 to $6.0
Kemess East capital expenditures
$4.0
$4.0
Royalty revenue guidance has been increased for the second time in 2017, due to another increase in production guidance at Fosterville. The guidance range disclosed in the table above is based on the following guidance ranges provided by the operators:
http://www.auricometals.ca/investor-information/recent-press-releases/press-release-details/2017/AuRico-Metals-Reports-2017-Second-Quarter-Results/default.aspx
Talk about bargain and undervalued -
Imo!
God Bless
Thank you very much NYBob ;)
God bless .
AuRico Metals Provides Update on Fosterville Royalty (2% NSR)
July 27, 2017
Underground Mineral Reserves Increase 110%, Grade Increases 83%
TORONTO, July 27, 2017 /CNW/ -
AuRico Metals Inc. (TSX: AMI),("AuRico" or the "Company") is pleased to
provide an update on the Company's 2% net smelter return royalty ("NSR")
on the Fosterville gold mine ("Fosterville") operated by
Kirkland Lake Gold Ltd. ("Kirkland").
Commenting on today's Fosterville news, Chris Richter, President and CEO of
AuRico Metals, stated; "We're very excited to see the continued
significant growth of reserves at Fosterville and the consistent
achievement of record production results.
Fosterville's ongoing success underscores the growing value of our 2% NSR
royalty and the significant upside potential of our royalty portfolio."
Fosterville – Underground Mineral Reserve Update
http://www.auricometals.ca/investor-information/recent-press-releases/press-release-details/2017/AuRico-Metals-Provides-Update-on-Fosterville-Royalty-2-NSR/default.aspx
http://www.auricometals.ca/investor-information/recent-press-releases/press-release-details/2017/AuRico-Metals-Announces-Positive-Preliminary-Economic-Assessment-for-Kemess-East-Gold---Copper-Project/default.aspx
http://www.auricometals.ca/kemess/kemess-east/default.aspx
http://www.auricometals.ca/kemess/kemess-underground-project/default.aspx
Aurico Metal Inc. (AMI)' -
http://www.auricometals.ca/investor-information/recent-press-releases/default.aspx
http://www.auricometals.ca/investor-information/recent-press-releases/press-release-details/2017/AuRico-Metals-Provides-Corporate-Update/default.aspx
http://www.auricometals.ca/investor-information/events-and-presentations/default.aspx
http://www.auricometals.ca/home/default.aspx
- God Bless -
RE: What investors fail to notice is Alamos still owns around 15% of AuRico shares.
If AuRico hits it big, Alamos benefits greatly.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133073676
That's right, Alamos har first right of refusal to Kemess etc.
Aurico was owned by Alamos but made to be a sep. company given to the
shareholders of Alamos etc. -
Alamos Gold (AGI) control AuRico - ? -
hitman558 thank you for good info -
https://investorshub.advfn.com/Aurico-Metal-Inc-AMI-9242/
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131405833
- God Bless -
Very nice :)
Thank you very much .
God bless .
AuRico Metals Announces Filing of Updated NI 43-101 Technical Report
for Kemess Underground Project and Kemess East Project, British Columbia
July 14, 2017
Download this Press Release (PDF 170 KB)
TORONTO, July 14, 2017 /CNW/ - AuRico Metals Inc. (TSX: AMI) ("AuRico"
or the "Company") is pleased to announce it has filed on SEDAR
(www.sedar.com) an updated National Instrument 43-101 ("NI 43-101")
Technical Report for the Kemess Underground Project and Kemess East
Project, located on the Company's 100%-owned property in British
Columbia, Canada.
http://www.auricometals.ca/investor-information/recent-press-releases/press-release-details/2017/AuRico-Metals-Announces-Filing-of-Updated-NI-43-101-Technical-Report-for-Kemess-Underground-Project-and-Kemess-East-Project-British-Columbia/default.aspx
AuRico Metals Closes Flow-Through Private Placement Financing
June 29, 2017
Download this Press Release (PDF 245 KB)
/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES/
TORONTO, June 29, 2017 /CNW/ -
AuRico Metals Inc. (TSX: AMI) ("AuRico" or the "Company") is pleased to announce the closing of the private placement financing announced on June 6, 2017.
Pursuant to the financing, AuRico has issued 3,401,361 flow-through common shares of the Company (the "Shares") at a price of C$1.47 per Share for gross proceeds of C$5,000,000 (the "Offering").
Red Cloud Klondike Strike Inc. and Laurentian Bank Securities Inc. co-led the syndicate of agents, which included Macquarie Capital Markets Canada Ltd. and Paradigm Capital Inc.
As part of the Offering, Alamos Gold Inc. exercised its participation right to maintain its proportionate ownership interest in the Company.
An amount equal to the gross proceeds of the Offering will be used by the Company to incur "Canadian exploration expenses" (as defined under the Income Tax Act (Canada)) at the Company's Kemess East Project located in British Columbia, Canada and will be renounced by the Company in favour of the purchasers of the Shares with an effective date of no later than December 31, 2017.
All of the securities sold pursuant to the Offering are subject to a four month hold period which will expire four months and one day from the date hereof.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
About AuRico Metals
AuRico Metals is a mining development and royalty company with a 100% interest in the Kemess property in British Columbia, Canada.
The Kemess property hosts the feasibility-stage Kemess Underground Gold-Copper Project, the Kemess East Project, and the infrastructure pertaining to the past producing Kemess South mine.
AuRico's royalty portfolio includes a 1.5% NSR royalty on the Young-Davidson Gold Mine and a 2% NSR royalty on the Fosterville Gold Mine, as well as a portfolio of additional producing and pre-production royalty assets located in North America and Australia.
http://www.auricometals.ca/investor-information/recent-press-releases/press-release-details/2017/AuRico-Metals-Closes-Flow-Through-Private-Placement-Financing/default.aspx
AuRico Metals Inc. (AMI:TSX); the company has royalties on the Fosterville
deposit, which Kirkland Lake Gold Inc. (KL:TSX; KLGDF:OTCQX) owns in
Australia.
Fosterville has just been knocking it out of the park with some great
resource additions at higher grades.
AuRico is benefitting from that.
But it also has the Kemess development project, which was the original
Northgate Minerals Corp. (NGX:TSX, NGX:NYSE.MKT) Kemess mine.
All the infrastructure is there;
it's been on care and maintenance.
It may be now that that deposit is going to become economic again at the
metal prices that we're seeing today.
AuRico has an opportunity to redevelop it.
It's been adding to its team.
AuRico may end up being a royalty company.
It may end up being a development company.
It may end up having a partner come in.
There's more than one way that it can make some money and create
some wealth with its asset base.
I'm very positive on AuRico Metals, too.
http://www.auricometals.ca/investor-information/recent-press-releases/press-release-details/2017/AuRico-Metals-Announces-Positive-Preliminary-Economic-Assessment-for-Kemess-East-Gold---Copper-Project/default.aspx
http://www.auricometals.ca/kemess/kemess-east/default.aspx
http://www.auricometals.ca/kemess/kemess-underground-project/default.aspx
Aurico Metal Inc. (AMI)' -
http://www.auricometals.ca/investor-information/recent-press-releases/default.aspx
http://www.auricometals.ca/investor-information/recent-press-releases/press-release-details/2017/AuRico-Metals-Provides-Corporate-Update/default.aspx
http://www.auricometals.ca/investor-information/events-and-presentations/default.aspx
http://www.auricometals.ca/home/default.aspx
- God Bless -
Aurico Metals (AMI)
1.24 ? -0.02 (-1.59%)
Volume: 129,596 @ 10:59:53 AM ET
Bid Ask Day's Range
1.24 1.25 1.24 - 1.25
AMI Detailed Quote
Excellent News on Kemess East -
http://www.auricometals.ca/investor-information/recent-press-releases/press-release-details/2017/AuRico-Metals-Announces-Positive-Preliminary-Economic-Assessment-for-Kemess-East-Gold---Copper-Project/default.aspx
http://www.auricometals.ca/kemess/kemess-east/default.aspx
http://www.auricometals.ca/kemess/kemess-underground-project/default.aspx
Aurico Metal Inc. (AMI)' -
http://www.auricometals.ca/investor-information/recent-press-releases/default.aspx
http://www.auricometals.ca/investor-information/recent-press-releases/press-release-details/2017/AuRico-Metals-Provides-Corporate-Update/default.aspx
http://www.auricometals.ca/investor-information/events-and-presentations/default.aspx
http://www.auricometals.ca/home/default.aspx
- God Bless -
That's great NYBob ;)
God bless .
Excellent News on Kemess East -
http://www.auricometals.ca/investor-information/recent-press-releases/press-release-details/2017/AuRico-Metals-Announces-Positive-Preliminary-Economic-Assessment-for-Kemess-East-Gold---Copper-Project/default.aspx
http://www.auricometals.ca/kemess/kemess-east/default.aspx
http://www.auricometals.ca/kemess/kemess-underground-project/default.aspx
Aurico Metal Inc. (AMI)' -
http://www.auricometals.ca/investor-information/recent-press-releases/default.aspx
http://www.auricometals.ca/investor-information/recent-press-releases/press-release-details/2017/AuRico-Metals-Provides-Corporate-Update/default.aspx
http://www.auricometals.ca/investor-information/events-and-presentations/default.aspx
http://www.auricometals.ca/home/default.aspx
- God Bless -
Thank you very much NYBob :)
God bless .
International Metal Writers Conference - The largest gathering of investment newsletter writers from around the world -
Vancouver Convention Centre East
May 28-29, 2017
https://www.eventbrite.com/e/international-metal-writers-conference-tickets-31384720544
http://metalwriters.com/e/international-metal-writers-conference-68
http://www.auricometals.ca
In GOD We Trust -
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130262275
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
- God Bless -
Thanks NYBob , very nice ;)
God bless !
Aurico Metal Inc. (AMI)' -
http://www.auricometals.ca/investor-information/recent-press-releases/default.aspx
http://www.auricometals.ca/investor-information/recent-press-releases/press-release-details/2017/AuRico-Metals-Provides-Corporate-Update/default.aspx
http://www.auricometals.ca/investor-information/events-and-presentations/default.aspx
http://www.auricometals.ca/home/default.aspx
- God Bless -
Thank you very much NYBob ;)
God bless .
AuRico gets federal enviro nod for multimillion-ounce Kemess project -
17TH MARCH 2017
BY: HENRY LAZENBY
CREAMER MEDIA DEPUTY EDITOR: NORTH AMERICA
SAVE THIS ARTICLE EMAIL THIS ARTICLE
FONT SIZE: -+
VANCOUVER (miningweekly.com) – Precious metals royalties firm and project developer AuRico Metals has received a positive decision statement from the Canadian Environmental Assessment Agency (CEAA), prompting the British Columbia Environmental Assessment Office (EAO) to grant an environmental-assessment certificate for the company's 100%-owned Kemess underground project.
http://www.miningweekly.com/article/aurico-gets-federal-enviro-nod-for-multimillion-ounce-kemess-project-2017-03-17
"These positive decisions are the culmination of a comprehensive process which began in 2014 . . . The Kemess underground project presents an attractive development opportunity given its strong economics – supported by existing infrastructure, large scale, good jurisdiction and advanced stage,” president and CEO Chris Richter stated.
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The EAO managed the environmental assessment for the Kemess underground project in a substituted process on behalf of British Columbia and CEAA, the latter of which is on behalf of the federal government of Canada. The project will require several other normal-course licences and permits, which are expected to be received early in 2018.
The Kemess project has about $1-billion of existing infrastructure on care and maintenance on site, which will dramatically reduce the expected capital expenditures to first production to just under $400-million.
The Kemess underground project and the Kemess East deposits currently hold about 3.34-million ounces of gold in the proven and probable mineral reserve categories, 6.66-million ounces gold in the indicated resource category, and another 2.26-million ounces in the inferred category.
AuRico believes there is significant exploration upside, especially at Kemess East, where the deposit remains open in several directions.
A 2016 feasibility study on the project calculated a net present value, at a 5% discount, of C$421-million, with an internal rate of return of 15.4%.
EDITED BY: CHANEL DE BRUYN
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http://www.miningweekly.com/article/aurico-gets-federal-enviro-nod-for-multimillion-ounce-kemess-project-2017-03-17
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AuRico Metals Provides Update on Royalties Fosterville (2% NSR Royalty) Reserves Increase by 66% -
March 29, 2017
http://www.auricometals.ca/investor-information/recent-press-releases/press-release-details/2017/AuRico-Metals-Provides-Update-on-Royalties-Fosterville-2-NSR-Royalty-Reserves-Increase-by-66/default.aspx
Download this Press Release (PDF 191 KB)
TORONTO, March 29, 2017 /CNW/ - AuRico Metals Inc. (TSX: AMI),("AuRico" or the "Company") is pleased to provide an update on its royalty portfolio, highlighting significant increases in mineral reserves and resources at Fosterville, Hemlo, and Eagle River, and further developments relating to the Company's royalty pipeline.
"We're very happy to see that ongoing exploration efforts at Fosterville and Hemlo have yielded 66% and 73% increases, respectively, in mineral reserves at these operations," commented Chris Richter, President and CEO of AuRico Metals. "The significant growth in reserves and resources at operations underlying our royalties underscore the high quality nature of our royalty portfolio."
Fosterville (2% NSR Royalty)
On March 28, Kirkland Lake Gold Ltd. ("Kirkland") announced that updated mineral reserves at the Fosterville gold mine increased by 66%, to 643,000 ounces of gold, after depletion, accompanied by a 27% increase in grade to 9.2 g/t Au from the prior year estimate. Measured and Indicated mineral resources, inclusive of reserves, increased by 23% to 2,790,000 ounces of gold accompanied by a 25% increase in grade to 5.7 g/t Au.
As stated in Kirkland's press release dated March 28, 2017, the significant increase in mineral reserves is underpinned by down-plunge extensions of the high-grade, visible gold-bearing Lower Phoenix Gold Zone and the discovery of visible gold-bearing Harrier Zone. Fosterville continues to maintain a large underlying mineral resource base that is expected to support future additions to mineral reserves, with potential to further extend the current known mineral resource following ongoing surface and underground drilling, testing near-mine gold systems up and down-plunge from current mineral reserves and resources.
The Fosterville Gold Mine is 100% owned by Kirkland. Separate from the Fosterville mine, Kirkland also holds exploration licenses covering an area over 500 km2, encompassing the entire known strike extent of the Fosterville Goldfield. AuRico's 2% net smelter return (NSR) royalty is payable over all of this ground.
For more information and complete reserve and resource details see Kirkland's press release dated March 28, 2017 and visit the website at www.klgold.com.
Hemlo (0.25% NSR Royalty on Williams Mine, and 1.5% NSR on David Bell Property)
On February 15, Barrick Gold announced a 73% increase in mineral reserves at Hemlo from 917,000 ounces of gold at the end of 2015 to 1,588,000 ounces at the end of 2016, after mining depletion. Measured and Indicated mineral resources, exclusive of reserves, increased 19% to 1,720,000 ounces of gold. Annual production at Hemlo totaled 235,000 ounces of gold in 2016, representing an increase of 7% from the prior year.
Barrick Gold's 2017 guidance for Hemlo is 205,000 to 220,000 ounces at all-in sustaining cash costs of $880-$980 per ounce.
For more information, visit Barrick Gold's website at www.barrick.com.
Eagle River (0.5% NSR Royalty)
On February 22, Wesdome Gold Mines ("Wesdome") announced a 15% increase in mineral reserves at Eagle River from 300,000 ounces of gold at the end of 2015 to 344,000 ounces of gold at the end of 2016, after mining depletion.
Wesdome has stated that it will continue its focus on development into higher grade areas of the Eagle River Underground Mine with initial stope production from the 7 Zone which commenced in Q4 2016, well ahead of schedule. This will enable stope production from multiple high grade areas within the Eagle River Mine earlier than expected.
For more information, see Wesdome's press release dated February 22, 2017 and visit the website at www.wesdome.com.
Exploration Joint Venture Agreement at Kliyul with First Quantum Minerals Ltd ("First Quantum")
On March 8, AuRico closed the acquisition of Kiska Metals adding six additional royalties to the Company's portfolio as well as six wholly-owned properties with the potential for organic royalty creation. On March 17, AuRico entered into a binding Letter Agreement with First Quantum for one of these properties, Kliyul, located in British Columbia, approximately 50 km south of AuRico's Kemess property.
Under the terms of the agreement, First Quantum has 12 months to evaluate the Kliyul project. It can then choose to enter into an Option to earn a 51% interest by incurring a minimum of C$5 million of expenditures on the project prior to December 31, 2021. First Quantum's interest will increase by a further 29% (80% total) when a decision to mine is made. Upon a decision to mine, AuRico will be entitled to receive advance royalty payments of C$2 million per year until the commencement of commercial production, and will retain a 0.5% NSR royalty once production commences.
New Royalties Acquired Near Goldcorp's Red Lake Mine and New Gold's Rainy River Project
On March 3, the Company acquired a new royalty together with Abitibi Royalties Inc., whereby each party acquired a 1.0% NSR on two exploration properties, one located 6 km to the east and the other located 8 km to the south of Goldcorp's Red Lake Mine in Ontario.
On February 17, the Company acquired a new royalty together with Abitibi Royalties Inc., whereby each party acquired a 0.75% NSR on nine exploration properties located in the Rainy River district, near New Gold's Rainy River Project in Ontario.
These transactions add further depth and optionality to the Company's high quality royalty portfolio, which now consists of 18 royalties.
Qualified Person Statement
Technical information in this press release has been approved by Chris Rockingham, P. Geol., Vice President, Development for the Company and "qualified person" (QP) for the purposes of NI 43-101.
About AuRico Metals
AuRico Metals is a mining development and royalty company with a 100% interest in the Kemess property in British Columbia, Canada. The Kemess property hosts the feasibility-stage Kemess Underground Gold-Copper Project, the Kemess East Exploration Project, and the infrastructure pertaining to the past producing Kemess South mine. AuRico's royalty portfolio includes a 1.5% NSR royalty on the Young-Davidson Gold Mine and a 2% NSR royalty on the Fosterville Mine, as well as a portfolio of additional producing and pre-production royalty assets located in North America and Australia.
Cautionary Statement on Forward-Looking Information
This press release contains forward-looking statements and forward-looking information as defined under Canadian and U.S. securities laws. All statements, other than statements of historical fact, are, or may be deemed to be, forward-looking statements. The words "expect", "believe", "anticipate", "will", "intend", "estimate", "forecast", "budget" and similar expressions identify forward-looking statements. Forward-looking statements include statements related to the Company's royalty portfolio and Kliyul project. These statements are based on a number of factors and assumptions that, while considered reasonable by management at the time of making such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such forward-looking statements and the factors and assumptions underlying them in this document include, the future price of gold, the estimation of mineral reserves and resources, realization of mineral reserve estimates, and the timing and amount of estimated future production.
Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained herein. Such statements are based on a number of assumptions which may prove to be incorrect, including assumptions about: business and economic conditions; commodity prices; credit market conditions and conditions in financial markets generally; the accuracy of reserve and resource estimates; the impact of changes in currency exchange rates on costs and results; interest rates; and taxation.
Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
###
SOURCE AuRico Metals
please visit the AuRico Metals website at www.auricometals.ca or contact: Chris Richter, President and Chief Executive Officer, AuRico Metals Inc., 416-216-2780, chris.richter@auricometals.ca; John Miniotis, Vice President, Corporate Development, AuRico Metals Inc., 416-216-2780, john.miniotis@auricometals.ca
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AuRico Metals Receives EA Approval for Kemess Underground -
http://www.auricometals.ca/investor-information/recent-press-releases/press-release-details/2017/AuRico-Metals-Receives-Environmental-Assessment-Approval-for-Kemess-Underground-Project/default.aspx
AuRico Metals Receives Environmental Assessment Approval for Kemess Underground Project
March 15, 2017
TORONTO, March 15, 2017 /CNW/ - AuRico Metals Inc. (TSX: AMI),("AuRico" or the "Company") is pleased to report that the Canadian Environmental Assessment Agency ("CEAA") has issued a positive Decision Statement and that the British Columbia Environmental Assessment Office ("EAO") has granted an Environmental Assessment Certificate for the Company's wholly-owned Kemess Underground Project ("the Project").
Chris Richter, President and CEO of AuRico stated; "These positive decisions are the culmination of a comprehensive process which began in 2014, and I would like to thank the many people who worked tirelessly to achieve this successful outcome. We would not be where we are today if it were not for the hard work of the AuRico Metals team and our consultants, along with the extensive efforts and close cooperation from our First Nations partners, the EAO, and CEAA. The Tsay Keh Dene, Kwadacha, and Takla Lake First Nations, collectively Tse Keh Nay, provided letters of support to Federal and Provincial Ministers for Environmental Assessment approval and we are proud to have their support."
"The Kemess Underground Project presents an attractive development opportunity given its strong economics – supported by existing infrastructure, large scale, good jurisdiction, and advanced stage. Today's environmental approval represents a significant milestone for the Project, and we are excited about the opportunity to continue to advance the Project to the benefit of all stakeholders."
The EAO managed the Environmental Assessment for the Kemess Underground Project in a Substituted Process on behalf of British Columbia and CEAA, the latter of which is on behalf of the Federal Government of Canada. The Project will require a number of additional normal course licenses and permits which are expected to be received early in 2018.
About the Kemess Underground Project
The Kemess Underground Project is a large gold-copper development project located in north-central British Columbia. The Kemess South open pit mine operated successfully between 1998 and 2011 and produced approximately 3 million ounces of gold and 750 million pounds of copper. Production ceased when the open pit was depleted.
The Kemess Underground deposit is located approximately 6 kilometres north of the existing Kemess South processing plant. Additional existing infrastructure includes a camp, powerline, all-weather air-strip, access road, as well as other surface facilities including an administrative building, workshop and warehouse. In total, there is approximately C$1 billion worth of existing infrastructure in place.
AuRico published a Feasibility Study for the Kemess Underground Project in March 2016 that contemplates the development of a low-cost panel caving operation with an initial 12-year mine life. Ore would be transported by conveyor to the existing processing facilities, with concentrate transported to a wholly-owned concentrate load-out facility located in Mackenzie, British Columbia.
The Feasibility Study demonstrates that Kemess Underground is a robust project benefiting from extensive existing infrastructure. The Feasibility Study anticipates total life of mine production of 2.6 million gold-equivalent ounces(1) (consisting of 1.4 million ounces of gold, 573 million pounds of copper and 4.5 million ounces of silver). Gold-equivalent production for the first five years is expected to average 238koz per annum and 207koz per annum over the life of mine, with a low All-In Sustaining Cost of US$682/oz over the first five years and US$718/oz over the life of mine. Total up-front capital expenditure for the Project is estimated at US$452 million with a payback period estimated at 3.3 years.
The Company also has a 100% interest in the Kemess East deposit, located 1km east of Kemess Underground. In January, 2017, the Company released an updated resource estimate for Kemess East outlining Indicated Resources of 113.1 million tonnes grading 0.38% Cu and 0.46 g/t Au and Inferred Resources of 63.8 million tonnes grading 0.34% Cu and 0.31 g/t Au. The resource includes a higher grade core estimated to contain Indicated Resources of 67.2 million tonnes grading 0.43% Cu and 0.60 g/t Au as well as Inferred Resources of 15.2 million tonnes grading 0.41% Cu and 0.51 g/t Au. The Kemess East deposit remains open to the south, north and west.
About AuRico Metals
AuRico Metals is a mining development and royalty company with a 100% interest in the Kemess property in British Columbia, Canada. The Kemess property hosts the feasibility-stage Kemess Underground Gold-Copper Project, the Kemess East Exploration Project, and the infrastructure pertaining to the past producing Kemess South mine. AuRico's royalty portfolio includes a 1.5% NSR royalty on the Young-Davidson Gold Mine and a 2% NSR royalty on the Fosterville Mine, as well as a portfolio of additional producing and pre-production royalty assets located in North America and Australia.
Read more at http://www.auricometals.ca/investor-information/recent-press-releases/press-release-details/2017/AuRico-Metals-Receives-Environmental-Assessment-Approval-for-Kemess-Underground-Project/default.aspx
http://www.auricometals.ca/kemess/kemess-underground-project/default.aspx
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Young-Davidson Royalty -
http://www.auricometals.ca/royalties/young-davidson-royalty/default.aspx
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AuRico Metals Provides Update on Royalties
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AuRico Metals Inc. (TSX:AMI)
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TORONTO, January 17, 2017 /PRNewswire/ --
AuRico Metals Inc. (TSX: AMI), ("AuRico" or the "Company") is pleased to provide an update on its royalty portfolio following the release of relevant information by the operators of the underlying mines and projects. Based on production results released to date, AuRico expects 2016 royalty revenue to be at the high end of the Company's guidance range of $7.7 - $8.1 million. All amounts are in United States dollars, unless otherwise indicated.
Young-Davidson (1.5% NSR Royalty)
On January 6, 2017 Alamos Gold announced 2016 production of 170,000 ounces of gold at Young-Davidson, including 44,662 ounces in the fourth quarter. Underground mining rates increased to average a record of over 6,600 tonnes per day ("tpd") in the fourth quarter, and averaged over 7,000 tpd in December, consistent with the year-end target.
Gold production at Young-Davidson is forecast to be between 200,000 and 210,000 ounces in 2017, which would result in an increase of 18% to 24% relative to 2016. Underground mining rates are expected to increase from an average rate of approximately 6,000 tpd in 2016, to a range of between 6,500 and 7,500 tpd in 2017. Total cash costs are expected to average $625 per ounce of gold sold and mine-site all-in sustaining costs are expected to average $775 per ounce, more than a 10% decrease from 2016 levels.
For more information, visit the Alamos Gold website at http://www.alamosgold.com and see the press release dated January 6, 2017.
Fosterville (2% NSR Royalty) and Stawell (1% NSR Royalty)
On November 30, 2016 Kirkland Lake Gold ("Kirkland") announced the completion of the business combination with Newmarket Gold, forming a new mid-tier gold company. On January 9, 2017 Kirkland announced record annual gold production at Fosterville of 151,755 ounces for 2016 based on a record average grade of 7.55 g/t and a record recovery of 90.1%. The company also achieved a quarterly record performance in Q4 2016 with production of 44,406 ounces of gold, based on a record average grade of 8.48 g/t Au and record recovery of 92.4% at Fosterville.
Fosterville's strong Q4 2016 performance resulted in quarterly production rates increasing by 20% over Q3 2016 levels, and 42% over Q4 2015 production levels. For 2017, Kirkland has reported production guidance at Fosterville of 140,000 - 145,000 ounces gold.
At year end, there were nine rigs in operation at Fosterville drilling a combination of exploration and resource definition programs. On January 17, 2017 Kirkland announced high grade mineralization at depth on the Lower Phoenix Footwall system, including the highest result ever returned from the Fosterville Mine, with the return of the following drill intercepts:
1,429 g/t Au over 15.15m, including 21,490 g/t Au over 0.6m
356 g/t Au over 7.2m, including 1,339 g/t Au over 1.85m
83.9 g/t Au over 3.5m, including 234 g/t Au over 0.65m
Also, the high grade Eagle fault system has been extended down plunge with a recent drill intercept returning:
15.97 g/t Au over 11.35m, including 195 g/t Au over 0.45m
Kirkland is expected to provide an update on Mineral Reserves and Resources in Q1 2017.
At Stawell, 2016 gold production totaled 32,204 ounces. The operation commenced transitioning to care and maintenance on December 13, 2016 with the mine to be maintained in a state of operational readiness to possibly recommence operations pending exploration success.
For more information, visit the Kirkland website at http://www.klgold.com and see the press releases dated January 17, 2017 and January 9, 2017.
Hemlo (0.25% NSR Royalty on Williams Mine, and 0.5% NSR on David Bell Property)
Barrick Gold is expected to announce fourth quarter results on February 15, 2017. Barrick Gold's 2016 production guidance for Hemlo is 215,000 to 230,000 ounces at all-in sustaining cash costs of $830-$880 per ounce.
Barrick Gold has previously announced plans to spend approximately $8.0 million in exploration at Hemlo in 2016.
For more information, visit Barrick Gold's website at http://www.barrick.com
Eagle River (0.5% NSR Royalty)
On January 17, 2017 Wesdome Gold Mines ("Wesdome") provided 2016 production results of 40,252 ounces of gold from the Eagle River Underground Mine. For 2017, gold production at the Eagle River Underground Mine is expected to increase by approximately 12% - 22% to between 45,000 and 49,000 ounces at grades of 8.8 - 9.2 g/t gold.
Exploration spending for 2017 is expected to be approximately C$3.0 million resulting in a total of 40,000 meters drilled.
For more information, visit Wesdome's website at http://www.wesdome.com and see the press release dated January 17, 2017.
GJ Property (0.98% NSR Royalty)
On November 10, 2016 AuRico completed an acquisition from NGEx Resources Inc. of a 0.98% NSR royalty and 0.49% NSR royalty on Skeena Resources Limited's ("Skeena") GJ Block property and GJ Northern Block property respectively.
On December 12, 2016 Skeena reported the commencement of a NI 43-101 Preliminary Economic Assessment ("PEA") on the Spectrum-GJ Project which is expected to be released in Q2 2017 and which will include an updated NI 43-101 mineral resource estimate that incorporates results from Skeena's 2016 definition drilling program.
In 2016, 2,872 metres were drilled in 8 holes at the GJ Donnelly Deposit with several holes successfully extending the mineralized zone to depth, with gold and copper values higher than the current average mineral resource grades.
For more information, visit Skeena's website at http://www.skeenaresources.com and see the press release dated December 12, 2016.
Red Lake and Madsen Area Properties (1% NSR Royalty)
On November 29, 2016 AuRico partnered with Abitibi Royalties Inc and acquired a 1% NSR on several early stage exploration projects in the Red Lake district.
Kiska Metals Acquisition Update
As previously announced on December 22, 2016 AuRico entered into a definitive arrangement agreement to acquire all of the issued and outstanding securities of Kiska Metals Corporation ("Kiska"). The acquisition would provide AuRico with a further six existing royalties including royalties on the East Timmins and Boulevard properties operated by Kirkland Lake Gold and Independence Gold, respectively. In addition, Kiska's six wholly-owned exploration projects would present organic royalty creation opportunities and are expected to further enhance AuRico's existing high quality royalty pipeline.
The transaction is subject to customary closing conditions and approvals and is expected to close later in the first quarter.
About AuRico Metals
AuRico Metals is a mining royalty and development company whose producing gold royalty assets include a 1.5% NSR royalty on the Young-Davidson Gold Mine, a 0.25% NSR royalty on the Williams Mine at Hemlo, and a 0.5% NSR royalty on the Eagle River Mine - all located in Ontario, Canada. AuRico Metals also has a 2% NSR royalty on the Fosterville Mine and a 1% NSR royalty on the Stawell Mine, located in Victoria, Australia. Aside from its diversified royalty portfolio, AuRico Metals owns (100%) the advanced Kemess Gold-Copper Project in British Columbia, Canada. AuRico Metals' head office is located in Toronto, Ontario, Canada.
Cautionary Statement on Forward-Looking Information
This press release contains forward-looking statements and forward-looking information as defined under Canadian and U.S. securities laws. All statements, other than statements of historical fact, are, or may be deemed to be, forward-looking statements. The words "expect", "believe", "anticipate", "will", "intend", "estimate", "forecast", "budget" and similar expressions identify forward-looking statements. Forward-looking statements include statements related to the Company's outlook and key deliverables on Kemess over the next 12 months. These statements are based on a number of factors and assumptions that, while considered reasonable by management at the time of making such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such forward-looking statements and the factors and assumptions underlying them in this document include, the future price of gold, the estimation of mineral reserves and resources, realization of mineral reserve estimates, and the timing and amount of estimated future production.
Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained herein. Such statements are based on a number of assumptions which may prove to be incorrect, including assumptions about: business and economic conditions; commodity prices; credit market conditions and conditions in financial markets generally; the accuracy of reserve and resource estimates; the impact of changes in currency exchange rates on costs and results; interest rates; and taxation. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Please visit the AuRico Metals website at http://www.auricometals.ca or contact: Chris Richter, President and Chief Executive Officer, AuRico Metals Inc., +1-416-216-2780, chris.richter@auricometals.ca; John Miniotis, Vice President, Corporate Development, AuRico Metals Inc., +1-416-216-2780, john.miniotis@auricometals.ca
Thank you very nice :)
God bless .
Aurico Metals (AMI)
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AMI News: AuRico Metals to Acquire Kiska Metals 12/22/2016 08:42:00 PM
AMI News: AuRico Metals to Acquire Kiska Metals 12/22/2016 07:06:00 PM
AMI News: AuRico Metals to Acquire Kiska Metals 12/22/2016 07:06:00 PM
AMI News: AuRico Metals Intersects 628m Grading 0.53 g/t Au and 0.41% Cu at Kemess East And Announces Results from Successful 2016 Dril... 11/08/2016 07:00:00 AM
AMI News: AuRico Metals Intersects 628m Grading 0.53 g/t Au and 0.41% Cu at Kemess East and Announces Results from Successful 2016 Dril... 11/08/2016 07:00:00 AM
strong dollar weaker gold for now/ 'Aurico Metal Inc. (AMI)'
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WHY I'VE DECIDED TO GO BIG ON GRS (AuRico Gold Inc) ?
I strongly believe that this is a true turnaroud story.
GRS was on the sideline during all the gold bull run.
Now they a fully ready to produce 250 to 300.000 onces in 2011.
Nobody know that GRS is not only a gold miners, they've 66MOZ of Silver !!!
They've + 100M$ in cash with very low debt.
A market cap under 2B$ is a non-sense IMHO.
Latest NEWS:
AuRico Gold Receives Overwhelming Shareholder Approval
For Corporate Name Change from Gammon Gold
Toronto: June 13, 2011: AuRico Gold Inc. (TSX:AUQ) (NYSE: AUQ), ("AuRico") announced today that it has received overwhelming shareholder approval to change its corporate name from Gammon Gold Inc. to AuRico Gold Inc. (pronounced oh-REE-koh). The name change was approved at the Company's Annual and Special Meeting of Shareholders held on June 9, 2011. The new name will be effective on June 14, 2011.
News archive:
1)-El Cubo Labour Strike Declared Illegal (10/4/2010)
http://finance.yahoo.com/news/El-Cubo-Labour-Strike-prnews-951799845.html?x=0&.v=3
President and Chief Executive Officer. "This ruling is an important first step in resuming operations at our El Cubo mine. We remain open to discussions directly with local union workers who are willing to consider a mutually agreeable solution that will result in operations at El Cubo being resumed as soon as possible."
2-Gammon Announces Expanded $100 Million Credit Facility
http://finance.yahoo.com/news/Gammon-Announces-Expanded-100-prnews-1252692085.html?x=0&.v=1
3-Gammon Gold announced today that Ambassador Martha I. Lara-Alatorre has been appointed government relations advisor for Mexico to the Company's Board of Directors, effective immediately.
http://finance.yahoo.com/news/Gammon-Gold-Appoints-prnews-984379717.html?x=0&.v=1
4-Gammon Gold and Capital Gold (CGC) Sign Definitive Merger Agreement
http://finance.yahoo.com/news/Gammon-Gold-and-Capital-Gold-prnews-748712488.html?x=0&.v=2
5-Gammon Gold Announces Significant Drill Results for Reserve Expansion and Four New Discoveries at Ocampo
http://finance.yahoo.com/news/Gammon-Gold-Announces-prnews-886989269.html?x=0&.v=1
Northgate Minerals Corporation is a leading gold and copper producer with mining operations, development projects and exploration properties in Canada and Australia. We are forecasting record production of 365,000 ounces of gold in 2009 from our Kemess South mine in northern British Columbia and the Fosterville and Stawell Gold mines in Victoria, Australia. Northgate is also planning to develop the Young-Davidson project located in northern Ontario, with total reserves of 2.8 million ounces of gold and is targeting future growth through further acquisition opportunities in stable mining jurisdictions around the world. About Kemess South: | About Young-Davidson: For more information on Kemess South, please click here. Please Visit our booth in the Online Job Fair
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