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Precious Metals & Minerals

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Tarku Signs An Option Agreement With Soquem On The Guercheville Project

1:00pm GMT

Jan 18 (Reuters) - Tarku Resources Ltd ::TARKU SIGNS AN OPTION AGREEMENT WITH SOQUEM ON THE GUERCHEVILLE PROJECT.TARKU RESOURCES - AS PER DEAL TERMS, CO HAS OPTION TO ACQUIRE 50% INTEREST IN GUERCHEVILLE PROJECT BY INCURRING $2 MILLION IN EXPLORATION WORK OVER 3 YRS.TARKU RESOURCES LTD - ‍UPON ACQUISITION OF 50% INTEREST, SOQUEM AND TARKU WILL FORM A JOINT VENTURE​.

Lonmin Updates on Impairment and Waiver

12:06pm GMT

Jan 18 (Reuters) - Lonmin Plc ::LONMIN - ‍HAS OBTAINED AGREEMENT FROM LENDERS FOR FURTHER WAIVER OF COMPLIANCE WITH CONSOLIDATED TANGIBLE NET WORTH DEBT COVENANTS UNTIL EARLIER OF OFFER CLOSING​.LONMIN - SEES ‍IMPAIRMENT TO REDUCE GROUP'S CONSOLIDATED TANGIBLE NET WORTH SIGNIFICANTLY BELOW $1.10 BILLION MINIMUM REQUIRED UNDER DEBT COVENANTS.LONMIN - ‍DETERMINATION OF NON-CASH IMPAIRMENT TO CARRYING VALUE OF GROUP'S ASSETS FOR YEAR ENDED 30 SEPTEMBER 2017 IS SUBSTANTIALLY COMPLETE​.

Tahoe Achieves Gold Production Of 445,000 Ounces In 2017

Tuesday, 16 Jan 2018

Jan 16 (Reuters) - Tahoe Resources Inc ::TAHOE ACHIEVES RECORD GOLD PRODUCTION IN 2017.TAHOE RESOURCES INC - GOLD PRODUCTION OF 445,000 OUNCES IN 2017.

SA's Competition Tribunal Approves RBPlat-Maseve Deal With Conditions

Tuesday, 16 Jan 2018

Jan 16 (Reuters) - South Africa's Competition Tribunal::SOUTH AFRICA'S COMPETITION TRIBUNAL - HAS CONDITIONALLY APPROVED THE MERGER BETWEEN ROYAL BAFOKENG PLATINUM LTD AND MASEVE INVESTMENTS 11 LTD.SA'S COMPETITION TRIBUNAL - APPROVED DEAL SUBJECT TO CONDITION THAT RBPLAT EMPLOYS 115 EMPLOYEES AT CONCENTRATOR PLANT, GIVES PREFERENCE TO RETRENCHED EMPLOYEES‍​.

First Majestic ‍Anticipates 2018 Silver Production Will Range Between 10.6 To 11.8 Mln Ounces​

Tuesday, 16 Jan 2018

Jan 16 (Reuters) - First Majestic Silver Corp ::FIRST MAJESTIC PRODUCES 16.2M SILVER EQV. OZ IN 2017 (4.1M SILVER EQV. OZ IN Q4); ANNOUNCES 2018 PRODUCTION OUTLOOK AND COST GUIDANCE.FIRST MAJESTIC SILVER CORP - ‍TOTAL PRODUCTION IN Q4 OF 2017 TOTALED 4.1 MILLION EQUIVALENT OUNCES OF SILVER​.FIRST MAJESTIC SILVER CORP - ‍ANTICIPATES 2018 SILVER PRODUCTION WILL RANGE BETWEEN 10.6 TO 11.8 MILLION OUNCES​.FIRST MAJESTIC SILVER CORP - ‍IN 2018, COMPANY PLANS TO INVEST A TOTAL OF $125.4 MILLION ON CAPITAL EXPENDITURES.FIRST MAJESTIC SILVER CORP - ‍TOTAL PRODUCTION IN 2018 IS ESTIMATED TO RANGE BETWEEN 15.7 MILLION TO 17.5 MILLION SILVER EQUIVALENT OUNCES​.FIRST MAJESTIC SILVER - PLANNING TO COMPLETE 72,477 METRES OF UNDERGROUND DEVELOPMENT IN 2018 AND 183,000 METRES OF EXPLORATION DRILLING IN 2018​.

SSR Mining Reports Q4, Year-End 2017 Production Results, 2018 Guidance

Monday, 15 Jan 2018

Jan 15 (Reuters) - SSR Mining Inc ::SSR MINING REPORTS FOURTH QUARTER AND YEAR-END 2017 PRODUCTION RESULTS AND 2018 GUIDANCE.SSR MINING - ‍ON CONSOLIDATED BASIS, EXPECT TO PRODUCE 340,000 GOLD EQUIVALENT OUNCES IN 2018 AT GOLD EQUIVALENT CASH COSTS OF BETWEEN $715-$770/OUNCE​.SSR MINING - ‍ON ATTRIBUTABLE BASIS,EXPECT TO PRODUCE 325,000 GOLD EQUIVALENT OUNCES IN 2018 AT GOLD EQUIVALENT CASH COSTS OF BETWEEN $705-$760/OUNCE​.SSR MINING INC - ‍PRODUCED OVER 370,000 GOLD EQUIVALENT OUNCES IN 2017, MEETING OR EXCEEDING INITIAL GUIDANCE​.SSR MINING - ‍DELIVERED ATTRIBUTABLE GOLD EQUIVALENT PRODUCTION OF OVER 358,000 OUNCES IN 2017,OVER 88,000 OUNCES IN Q4, 14% HIGHER THAN Q3 2017​.

Tahoe Resources Initiates Workforce Reduction In Guatemala

Monday, 15 Jan 2018

Jan 15 (Reuters) - Tahoe Resources Inc ::TAHOE INITIATES WORKFORCE REDUCTION IN GUATEMALA.TAHOE RESOURCES INC - ‍SIGNIFICANT REDUCTION TO MINERA SAN RAFAEL'S WORKFORCE AT ITS ESCOBAL MINE IN GUATEMALA​.TAHOE RESOURCES - ‍GIVEN DELAY AND INABILITY OF CO TO RESUME MINING OPERATIONS, CO TERMINATED 250 MINERA SAN RAFAEL EMPLOYEES ON JAN 15.

Gem Diamonds Says Recovered 910 Carat, D Colour Type IIa Diamond In Lesotho

Monday, 15 Jan 2018

Jan 15 (Reuters) - Gem Diamonds Ltd ::GEM DIAMONDS LTD - ‍ANNOUNCE RECOVERY OF 910 CARAT, D COLOUR TYPE IIA DIAMOND FROM LETŠENG MINE IN LESOTHO.GEM DIAMONDS LTD - THE ‍DIAMOND, LARGEST RECOVERED FROM LETŠENG, IS BELIEVED TO BE FIFTH LARGEST GEM QUALITY DIAMOND EVER RECOVERED​.

Blina Minerals Nl Announces‍ Further Acquisition On La Cobaltera High-Grade Cobalt Trend By LCPL

Sunday, 14 Jan 2018

Jan 15 (Reuters) - Blina Minerals Nl ::ANNOUNCES ‍ FURTHER ACQUISITION ON LA COBALTERA HIGH-GRADE COBALT TREND BY LA COBALTERA PTY LTD​.

First Majestic Silver Announces Friendly Acquisition Of Primero Mining

Friday, 12 Jan 2018

Jan 12 (Reuters) - First Majestic Silver Corp ::FIRST MAJESTIC SILVER ANNOUNCES FRIENDLY ACQUISITION OF PRIMERO MINING AND RESTRUCTURED STREAM WITH WHEATON PRECIOUS METALS.FIRST MAJESTIC SILVER ANNOUNCES FRIENDLY ACQUISITION OF PRIMERO MINING AND RESTRUCTURED STREAM WITH WHEATON PRECIOUS METALS.FIRST MAJESTIC SILVER CORP - ‍TOTAL TRANSACTION VALUE IS ESTIMATED AT APPROXIMATELY $320 MILLION​.FIRST MAJESTIC SILVER - ‍ UNDER TERMS, ALL OF PRIMERO'S SHARES TO BE EXCHANGED ON BASIS OF 0.03325 OF A CO'S COMMON SHARE FOR EACH PRIMERO COMMON SHARE​.FIRST MAJESTIC SILVER - ACCRETIVE ON ALL KEY METRICS INCLUDING NAV, CASH FLOW, PRODUCTION, AND RESOURCES TO FIRST MAJESTIC SHAREHOLDERS.FIRST MAJESTIC SILVER CORP - PRIMERO AGREED TO PAY A TERMINATION FEE TO FIRST MAJESTIC OF $10 MILLION UPON OCCURRENCE OF CERTAIN EVENTS.FIRST MAJESTIC SILVER-FOLLOWING CLOSING OF ARRANGEMENT,SILVER STREAMING INTEREST AT PRIMERO'S SAN DIMAS SILVER-GOLD MINE HELD BY WPM TO BE TERMINATED​.FIRST MAJESTIC SILVER-FOLLOWING CLOSING, CO AND WPM WILL ENTER INTO A NEW STREAM ARRANGEMENT BASED ON 25% OF GOLD EQUIVALENT PRODUCTION AT SAN DIMAS.FIRST MAJESTIC SILVER CORP - AS PART OF TRANSACTION, WPM TO RECEIVE 20.9 MILLION COMMON SHARES OF FIRST MAJESTIC HAVING AGGREGATE VALUE OF $151 MILLION.FIRST MAJESTIC SILVER CORP - ‍ARRANGEMENT AGREEMENT HAS BEEN UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF EACH OF FIRST MAJESTIC AND PRIMERO​.

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