DENVER, CO / ACCESSWIRE / September 9, 2021 /Solitario Zinc Corp. ("Solitario") (NYSE American:XPL); (TSX:SLR) is pleased to announce that it is participating in the Denver Gold Forum, September 12-15^th, 2021. President and CEO, Chris Herald will host virtual one on one meetings during the event and will deliver an online presentation and corporate update on Monday, September 13th at 2:00pm Mountain. The presentation will feature the recently acquired Golden Crest gold project in South Dakota, as well as the advanced Florida Canyon and Lik high-grade zinc projects. View webcast and replay here. For more information on the conference please visit https://www.goldforumamericas.com/

About Solitario

Solitario is an emerging zinc and gold exploration and development company traded on the NYSE American ("XPL") and on the Toronto Stock Exchange ("SLR"). In addition to its newly acquired Golden Crest gold properties, Solitario holds 50% joint venture interest (Teck Resources 50%) in the high-grade, open-pittable Lik zinc deposit in Alaska and a 39% joint venture interest (Nexa Resources holds the remaining 61% interest) on the high-grade Florida Canyon zinc project in Peru. Solitario's Management and Directors hold approximately 9.6% (excluding options) of the Company's 58.4 million shares outstanding. Solitario's cash balance and marketable securities stand at approximately US$5.8 million. Additional information about Solitario is available online at www.solitariozinc.com.

FOR MORE INFORMATION, CONTACT:

Christopher E. Herald
President & CEO
(303) 534-1030, Ext. 14

Valerie Kimball
Director – Investor Relations
720-933-1150
(800) 229-6827

SOURCE: Solitario

View source version on accesswire.com:
https://www.accesswire.com/663340/Solitario-Presents-at-the-Denver-Gold-Forum-Annual-Conference

Point Roberts, Washington and Delta, British Columbia–(Newsfile Corp. – September 9, 2021) – Investorideas.com, a global investor news source covering mining and metals stocks releases today's edition of Exploring Mining Podcast, featuring an exclusive interview with Kevin Drover, President, Chairman and CEO of Aurcana Silver Corporation (TSXV: AUN) (OTCQX: AUNFF).

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Investorideas.com spoke with Kevin Drover, President, Chairman and CEO of Aurcana Silver Corporation (TSXV: AUN) (OTCQX: AUNFF), who said that the resumption of activity at the company's flagship Revenue-Virginius polymetallic mine in Ouray, Colorado – which initiated commissioning with development ore on August 27, 2021 – puts Aurcana on track for success.

"This brings us back into the group of "producer" again and this is something that we've been wanting to do since I took over Aurcana in mid 2014," Drover said.

A recent press release reported initial assay results from the mine's 1800 drift level, which showed an "average undiluted grade over 78 feet of drift of 54.0 (33.9 diluted to a minimum mining width of 1.5 ft) ounces per ton silver equivalent (AgEq)1 per short ton (ST)." The vein's actual width turned out to be 1.19ft, higher than the modeled width of 0.23 feet, on which Drover commented:

"It bodes very well for what we can expect to mine when we're in the stope itself."

The aforementioned vein is the Virginius vein which currently commands most of the company's attention, but Drover went on to discuss the other veins at Revenue-Virginius.

"We have nine major veins on our property," he said. "We're going to be mining [the Virginius vein] for the next seven years for sure, and probably a lot longer than that. We do have the Terrible vein, the Yellow Rose, the Wheel of Fortune – and all of these veins have all been in production at one time in the past, but we just haven't had the chance to get to them to do a large amount of exploration at this stage. We are doing some work on the Wheel of Fortune, and we hope to be able to get a drilling program completed on that sometime in the not too distant future. But right now our focus is on the Virginius vein, of course, and getting ourselves positioned so that we can get up to full production from that vein."

Drover explained that while Aurcana's original intention to become cash flow positive by September has been delayed, the company is still on track to ramp up production.

"We had originally anticipated being cash flow positive in September, but of course we've been delayed a month," he said. "That delay was caused by congestion on the 1800 level."

"We're looking at October now before we're going to be hitting cash flow positive, but we're pretty certain that October is going to be the month when we will hit our numbers," he said. "We'll get up to 270 tons per day, and be cash flow positive. Over the course of September we're going to be ramping up from about 130 tons per day to about 270 in October.

In the future, in 2022-23, we'll be looking to expand that 270 up toward the 500 tons a day, and get up toward the 6-6.5 million ounce production number."

With activities resumed on the property, Aurcana foresees the possibility of mine life extending past feasibility study projections.

"The Revenue-Virginius mine, as per the feasibility study, has a seven year mine life," Drover said. "We certainly anticipate decades. We still have to do the homework, but we intend to be developing toward the north on our 1800, 1500, and 1200 levels, and we anticipate that the Virginius vein runs another 8,000 feet of strike length. We think we're going to be mining there in excess of 20 years."

Though the company's recent news has been focused on the Revenue-Virginius property, Drover also discussed the status of the company's Shafter-Presidio Silver Project in Texas.

"We are doing some work on the Shafter project," he said. "It's going to be a mine again, it's pure silver. We are doing a new resource estimate on that that we hope to have out soon. We are looking to possibly do a drill program later in this year to expand the resource somewhat, and to get samples for metallurgical testing. Sometime in the first half of 2022 we anticipate initiating a feasibility study, and, pending a positive feasibility study, we would probably be in a position to make a production decision sometime in the mid 2022 to third quarter of 2022."

ABOUT AURCANA SILVER CORPORATION http://www.aurcana.com/

Aurcana Silver Corporation owns the Revenue Mine in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary mineral resource at both the Shafter-Presidio Project and the Revenue Mine is silver. Both are fully permitted for production.

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CHICAGO, September 08, 2021–(BUSINESS WIRE)–Coeur Mining, Inc.’s ("Coeur" or the "Company") (NYSE: CDE) President and Chief Executive Officer, Mitchell J. Krebs, will present at Gold Forum Americas in Colorado Springs, Colorado on Monday, September 13, 2021 at 1:50 p.m. Mountain Time.

The Gold Forum Americas is a virtual- and invitation-only investment conference. The webcast and presentation materials will be made available through the Company’s website at www.coeur.com.

About Coeur

Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with five wholly-owned operations: the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, and the Silvertip silver-zinc-lead mine in British Columbia. In addition, Coeur has interests in several precious metals exploration projects throughout North America.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210908005774/en/

Contacts

Coeur Mining, Inc.
104 S. Michigan Avenue, Suite 900
Chicago, Illinois 60603
Attention: Paul DePartout, Director, Investor Relations
Phone: (312) 489-5800
www.coeur.com

Shares Outstanding: 277,741,117
Trading Symbols: TSX: GGD
OTCQX: GLGDF

HALIFAX, NS, Sept. 8, 2021 /CNW/ – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to release the results of 5 new drill holes from the El Favor deposit in the Los Ricos North project. Drill hole LRGF-21-060 intersected 82.9m of 265 g/t silver equivalent ("AgEq"), including 8.1m of 1,127 g/t AgEq, which also included 1.4m of 2,587 g/t AgEq. See Table 1 for breakdown of silver and gold values.

"El Favor is providing us with exciting drilling results at both the eastern and western ends. Hole 60 is near the west end of the deposit, and gave us an excellent high grade intercept of over 2 kilos, enveloped in a very wide 83m intercept of 265 g/t AgEq. At the other end, in El Favor East, hole 59 is a strong hole which is 100m to the east of hole 56, previously our most easterly hole in El Favor East," said Brad Langille, President and CEO. "We continue to extend strike length at El Favor with excellent widths and grades, which we anticipate will contribute greatly to the upcoming resource."

Table 1: Drill Hole Intersections

Figure 1: El Favor Drill Hole Locations

Figure 2: El Favor East

The exploration team has been moving east of El Favor with drilling in 25m stepouts in the eastern end of El Favor, beginning with discovery hole 48, and continuing to intersect wide strong mineralization. This area is known as the El Favor East zone and in addition to these drill holes, additional drill holes further to the east are pending assays. The mapping program at El Favor East has extended the presence of mineralization 900m to the east of hole 48 (El Favor East zone discovery hole), as shown in Figure 2.

Three of the four major veins (Salomon, Guitarrillas and Los Chivos) appear to converge into a 100m wide zone at the western end of the El Favor deposit in the vicinity of the Hundido Pit at an elevation of 1300m. The wallrock in between the veins is strongly silicified, altered and mineralized. The merging of these veins continue to provide significant widths of good grade which could be potentially amenable to bulk mining.

The El Orito deposit (as presently defined) is located about 800 metres along strike to the west of the Hundido Pit (see Figure 3). Wide zones of precious and base metal mineralization were cut by drill holes at El Orito at elevations between 600 to 800m. Geological mapping, sampling and Induced Polarization ("IP") surveying programs in the area between El Orito and El Favor are underway.

Figure 3: Favor-Orito Long Section

Table 2: Drill Hole Locations

Figure 4: Plan View – La Trini to El Favor Area of Los Ricos North

VRIFY Slide Deck and 3D Presentation

VRIFY is a platform being used by companies to communicate with investors using 360° virtual tours of remote mining assets, 3D models and interactive presentations. VRIFY can be accessed by website and with the VRIFY iOS and Android apps.

Access the GoGold Company Profile on VRIFY at: https://vrify.com

The VRIFY Slide Deck and 3D Presentation for GoGold can be viewed at: https://vrify.com/decks/10437 and on the Company's website at: www.gogoldresources.com.

Los Ricos District Exploration Projects

The Company's two exploration projects at its Los Ricos property are in Jalisco state, Mexico. The Los Ricos South Project began in March 2019 and an initial resource was announced on July 29, 2020 which indicated a Measured & Indicated Mineral Resource of 63.7 million ounces AgEq grading 199 g/t AgEq contained in 10.0 million tonnes, and an Inferred Resource of 19.9 million ounces AgEq grading 190 g/t AgEq contained in 3.3 million tonnes. An initial PEA on the project was announced on January 20, 2021 indicating an NPV_5% of US$295M.

The Los Ricos North Project was launched in March 2020 and includes drilling at the El Favor, La Trini, Casados and El Orito targets. During 2020, GoGold's exploration team identified over 100 targets on the Los Ricos North properties, demonstrating the significant exploration potential. The Company plans to drill 10 of these targets as part of its 2021 drilling program which is planned to exceed 100,000 metres of drilling and will be one of the largest in Mexico.

Procedure, Quality Assurance / Quality Control and Data Verification

The diamond drill core (HQ size) is geologically logged, photographed and marked for sampling. When the sample lengths are determined, the full core is sawn with a diamond blade core saw with one half of the core being bagged and tagged for assay. The remaining half portion is returned to the core trays for storage and/or for metallurgical test work.

The sealed and tagged sample bags are transported to the ActLabs facility in Zacatecas, Mexico. ActLabs crushes the samples and prepares 200-300 gram pulp samples with ninety percent passing Tyler 150 mesh (106μm). The pulps are assayed for gold using a 50-gram charge by fire assay (Code 1A2-50) and over limits greater than 10 grams per tonne are re-assayed using a gravimetric finish (Code 1A3-50). Silver and multi-element analysis is completed using total digestion (Code 1F2 Total Digestion ICP). Over limits greater than 100 grams per tonne silver are re-assayed using a gravimetric finish (Code 8-Ag FA-GRAV Ag).

Quality assurance and quality control ("QA/QC") procedures monitor the chain-of-custody of the samples and includes the systematic insertion and monitoring of appropriate reference materials (certified standards, blanks and duplicates) into the sample strings. The results of the assaying of the QA/QC material included in each batch are tracked to ensure the integrity of the assay data. All results stated in this announcement have passed GoGold's QA/QC protocols.

Mr. David Duncan, P. Geo. is the qualified person as defined by National Instrument 43-101 and is responsible for the technical information of this release.

About GoGold Resources

GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects. For more information visit gogoldresources.com.

CAUTIONARY STATEMENT:

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy of any of GoGold's securities in the United States.

This news release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Los Ricos South and North projects, and future plans and objectives of GoGold, including the intention to undertake further exploration at Los Ricos North, and the prospect of further discoveries there, constitute forward looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern, general economic and market conditions, mineral prices, the accuracy of mineral resource estimates, and the performance of the Parral project. There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.

Important factors that could cause actual results to differ materially from GoGold's expectations include exploration and development risks associated with GoGold's projects, the failure to establish estimated mineral resources or mineral reserves, volatility of commodity prices, variations of recovery rates, and global economic conditions. For additional information with respect to risk factors applicable to GoGold, reference should be made to GoGold's continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, GoGold's Annual Information Form. The forward-looking information contained in this release is made as of the date of this release.

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SOURCE GoGold Resources Inc.

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DALLAS, TX / ACCESSWIRE / September 8, 2021 / Starcore International Mines Ltd. (TSX:SAM): The full report can be accessed by clicking on the following link: http://stonegateinc.com/SAM.TO Initiation.pdf.

COMPANY DESCRIPTION

Starcore International Mines is engaged in precious metals production and exploration with a focus and experience in Mexico. The Company's principal property, the San Martin Mine, is located in Queretaro, Mexico, where it engages in extracting and processing gold and silver. The San Martin Mine is the company's primary source of cash flows. This base of producing assets is complemented by exploration and development projects throughout North America, including the El Creston project, the Teocuitla Claims, and the Ajax Project. The El Creston Project is located in Sonora, Mexico and hosts a porphyry-style molybdenum copper mineralization, The Teocuitla Claims are located in Sonora, Mexico, northwest part of the El Creston property and hosts similar mineralization, and the Ajax Project is an undeveloped molybdenum deposit in the advanced stage of exploration located in British Columbia, Canada. Starcore International Mines Ltd. was founded in 1980. The company was incorporated in 1980. The company was formerly known as Starcore International Ventures Ltd. and changed its name to Starcore International Mines Ltd. in 2008.

SUMMARY

• Ongoing gold production – Starcore's flagship property, the San Martin Mine, produces silver and gold and generates cash flow, mining ~650 tonnes per day. It is estimated that the property contains a total of 267,306 Oz of AuEq with a current mine life of 10+ years.

• Low risk exploration exposure – In addition to the principal producing property, Starcore also possesses 100% ownership interest in two additional properties: El Creston, a large molybdenum project located in Mexico, and the Ajax Molybdenum Project, a 1,718-hectare property hosting a porphyry molybdenum deposit.

• Operational transformation – Starcore has been focused on streamlining its operations through strategic asset sales, increased workforce efficiency, and decreases in management salaries. As a result, the company has seen overall mine costs reduced from $74/t in FY19 to $60/t in FY20.

• Simplified capital structure – The Company has no long-term debt, and currently has $4.4M in cash. Additionally, ~20% of shares are held by management and/or a strategic shareholder.

• Responsible mining practices – The Company engages in socially responsible business practices and seeks to create initiatives that will encourage community development and pride. These initiatives are designed to sustain environmental sensitivity, inspire everyone to be mindful of the economic, environmental, and social issues that will impact the community's future.

• Experienced management team – Collectively, Starcore's management brings over 100 years of experience to the business of mineral exploration and development and offers a unique combination of technical, geographic, and capital markets experience.

• Valuation – We are using a DCF on our mine model for the San Martin mine. Using a 10% discount rate and incorporating a sensitivity analysis to gold prices we arrive at a valuation range of CAD$0.35 to CAD$0.50 with a mid-point at CAD $0.40. We note that we have not applied any value to additional non-producing assets, El Creston Project, Ajax Project, or its recently acquired Teocuitla claims, all of which would represent upside. See page 7 for further details.

About Stonegate Capital Partners

Stonegate Capital Partners is a Dallas-based corporate advisory firm dedicated to serving the specialized needs of small-cap public companies. Since our inception, our mission has been to find innovative, undervalued public companies for our network of leading institutional investors who seek high-quality investment opportunities.

CONTACT:

Stonegate Capital Partners
info@stonegateinc.com
(214) 987-4121

SOURCE: Stonegate Capital Partners

View source version on accesswire.com:
https://www.accesswire.com/663160/Stonegate-Capital-Partners-Initiates-Coverage-on-Starcore-International-Mines-Ltd-TSXSAM

TORONTO, September 08, 2021–(BUSINESS WIRE)–Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company"), a growing North American precious metals producer, provides an update to its Mineral Reserve and Resource statement as at June 30, 2021.

On a consolidated and attributable basis, estimated contained metal in the proven and probable mineral reserve ("P&P") categories totalled 32.5 million ounces of silver, 139.9 million pounds of zinc, 114.3 million pounds of lead and 30.2 million pounds of copper. Estimated contained metal in the measured and indicated mineral resource ("M&I") categories totalled 72.2 million ounces of silver, 584 thousand ounces of gold, 804.5 million pounds of zinc, 725.4 million pounds of lead and 34.4 million pounds of copper. Please refer to the Company’s website for a breakdown of the Mineral Reserve and Mineral Resource statement by asset.

2021 Mineral Reserve and Mineral Resource Update Highlights – Galena Complex

• Since the June 2020 Mineral Reserve and Resource statement, exploration drilling was solely focused at the Galena Complex (60% USA/40% Eric Sprott).

• Drilling to date at the Galena Complex includes completion of the Phase 1 drill program based on the Galena Complex Recapitalization Plan ("Recapitalization Plan") that started in November 2019 and was completed on June 30, 2021. Overall, the Phase 1 drilling program exceeded expectations by over 80% of target for silver and silver equivalent ounces. The Company has now begun the Phase 2 drill program with the goal of matching the success of the Phase 1 drilling as well as the conversion of mineral resources to mineral reserves, with several targets identified both at depth and close to infrastructure over the next 18 months.

• Year over year, P&P silver reserves at the Galena Complex on a 100% basis increased from 12.0 million silver ounces to 16.6 million silver ounces, a 38% increase from previous reported estimates.

• M&I silver resources at the Galena Complex on a 100% basis increased from 37.3 million silver ounces to 64.2 million silver ounces, a 72% increase year over year.

• Inferred silver resources at the Galena Complex on a 100% basis increased from 78.6 million silver ounces to 106.5 million silver ounces, a 36% increase year over year.

"The increase in silver resources at the Galena Complex surpassed the Company’s target of adding 50 million ounces year over year and for all of the Phase 1 drilling program by over 80%, continuing to demonstrate the significant potential of the operation," stated Americas President and CEO Darren Blasutti. "The focus of these additions will be for the operation to double current silver equivalent production at the Galena Complex exiting 2022 coupled with the start of the Phase 2 drilling program which is expected to continue to add more silver ounces at depth and close to infrastructure while also converting silver resources to silver reserves."

Mineral Reserve and Mineral Resource Statement – June 30, 2021¹

Proven and Probable Mineral Reserves – 100% basis for all assets except the Galena Complex at 60%

At the Galena Complex, the Company successfully replaced mined tonnes and added silver ounces to the mineral reserve through the addition of silver-copper veins into the mineral reserve. The Company added approximately 4.6 million ounces (100% basis) which represents a 38% increase year over year. In addition to adding to the silver mineral reserve, the Company added approximately 3.0 million pounds of copper (100% basis) from the successful drilling of high-grade silver-copper rich vein systems. As a result, the silver mineral reserve grade increased from 339 g/t to 475 g/t, a 40% increase year over year.

Due to the illegal blockade at the Cosalá Operations, the Company was not able to conduct any exploration activities on the property and the mineral reserve for the Cosalá Operations remained relatively unchanged year over year. The Company continues to anticipate the near-term restart of mining activities at the Cosalá Operations following the signing of an agreement to reopen the operations with Mexican ministers in July 2021 and will be updating investors in the near term. Once the operation restarts, the Company expects to generate meaningful cash flow from the operation given the prevailing strong silver, zinc and lead prices.

As a result of the temporary suspension of mining operations at Relief Canyon, the Company has reclassified all proven and probable mineral reserves into measured and indicated mineral resources as the Company continues its metallurgical testing at the property. Other than mining depletion, there were no changes in contained gold and silver ounces in the total mineral resource at Relief Canyon.

Measured & Indicated Mineral Resources – 100% basis for all assets except the Galena Complex at 60%

At the Galena Complex, the Company completed Phase 1 drilling as part of the Recapitalization Plan. The M&I silver resource (100% basis) increased from 37.3 million silver ounces to 64.2 million silver ounces, a 72% increase compared to last year. M&I lead resource (100% basis) increased by 127% year over year to 600 million pounds while M&I copper resource (100% basis) increased by 42% year over year to 18.5 million pounds. The exploration drilling successfully expanded known vein systems in addition to identifying new vein systems.

The Phase 2 drill program has commenced with several targets identified with the goal of continuing to grow the silver mineral resource of existing vein systems and to discover potential new orebodies both at depth and near surface. Drilling will continue to focus on the three south-east plunging veins including the 72 Vein, the Silver Vein and the down-dip extension of the 360 Complex. Drilling has started from a drill station further east on the 5500-Level to continue to test the extension of the Silver Vein following the success of the initial 21-hole drill program. The first drill hole from this station has commenced and is targeting the Silver Vein approximately 500 feet below the drill station. Subsequent drill stations are planned further east on the 5500-Level to continue to target the Silver Vein and 360 Complex. The initial drilling success of the 360 Complex during Phase 1 is believed to be the top of the system with the potential to extend at depth. Phase 2 drilling will include continued exploration in gap areas within this south-east plunging trend to determine continuity and potential sources of these high-grade mineralized vein systems.

The goal of Phase 2 drilling is to match the success of the Phase 1 drilling as well as add significant mine life through the conversion of mineral resources to mineral reserves.

Inferred Mineral Resources – 100% basis for all assets except the Galena Complex at 60%

The inferred silver resource benefitted from the continued drilling at the Galena Complex pursuant to the Recapitalization Plan. Inferred silver resource (100% basis) at the Galena Complex increased from 78.6 million silver ounces to 106.5 million silver ounces, representing a 36% increase from the previously reported estimate while the grade remained relatively unchanged. Inferred lead resource (100% basis) at the Galena Complex increased by 27% to 1,010 million pounds from the previously reported estimate. With the successful drilling of silver-copper ore at Galena, the Company was able to increase inferred copper resource (100% basis) by 47% to 24.2 million pounds from the previously reported estimate. With the remaining drilling considered under the Recapitalization Plan, the Company is confident that inferred mineral resources will continue to increase, offset by any upgrades in mineral resource classification in next year’s Mineral Resource estimate.

About Americas Gold and Silver Corporation

Americas Gold and Silver Corporation is a high-growth precious metals mining company with multiple assets in North America. The Company owns and operates the Relief Canyon mine in Nevada, USA, the Cosalá Operations in Sinaloa, Mexico and manages the 60%-owned Galena Complex in Idaho, USA. The Company also owns the San Felipe development project in Sonora, Mexico. For further information, please see SEDAR or www.americas-gold.com.

Qualified Persons

All Mineral Resource estimates were prepared internally by, or under the supervision of, Niel de Bruin, P.Geo., the Company’s Director of Geology and a "qualified person" for the purpose of National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). All Mineral Reserve estimates and all other technical or scientific information in this news release has been prepared internally by, or under the supervision of, Shawn Wilson, P.Eng., the Company’s VP Technical Services and a "qualified person" for the purpose of NI 43-101. These estimates reflect the Company's 60% interest in the Galena Complex. See "Notes for Mineral Reserve and Mineral Resource Estimates" below regarding matters relating to review and verification of sampling, analytical and test data underlying the information contained in the written disclosure.

Cautionary Statement on Forward-Looking Information:

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, Americas Gold and Silver’s expectations, intentions, plans, assumptions and beliefs with respect to, among other things, estimated production rates and results for gold, silver and other precious metals, as well as the related costs, expenses and capital expenditures, the recapitalization plan at the Galena Complex, including the expected production levels and potential additional mineral resources thereat; the resumption of mining and processing operations at the Cosalá Operations following the resolution of the illegal blockade, including expected production levels; the expected capital costs required in connection with the resumption of mining and processing operations at the Cosalá Operations; the expectations regarding the level of support from the Mexican government with respect to the long‐term stability of Cosalá Operations, and its ability to maintain such support in the near‐and long‐term; the Company’s production, development plans and performance expectations at the Relief Canyon Mine and its ability to finance, develop and operate Relief Canyon, including the expected improvement of operations in connection therewith, the timing and conclusions of the data compilation and analysis occurring at Relief Canyon, the length of time of the temporary pause in mining operations at Relief Canyon and expected timing for the re‐start of the Relief Canyon operations after such pause . Often, but not always, forward-looking information can be identified by forward-looking words such as "anticipate", "believe", "expect", "goal", "plan", "intend", "potential’, "estimate", "may", "assume" and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Americas Gold and Silver as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of Americas Gold and Silver to be materially different from those expressed or implied by such forward-looking information. With respect to the business of Americas Gold and Silver, these risks and uncertainties include risks relating to widespread epidemics or pandemic outbreak including the COVID-19 pandemic; the impact of COVID-19 on our workforce, suppliers and other essential resources and what effect those impacts, if they occur, would have on our business, including our ability to access goods and supplies, the ability to transport our products and impacts on employee productivity, the risks in connection with the operations, cash flow and results of the Company relating to the unknown duration and impact of the COVID-19 pandemic; interpretations or reinterpretations of geologic information; unfavorable exploration results; inability to obtain permits required for future exploration, development or production; general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; the ability to develop, complete construction, bring to production and operate the Relief Canyon Project; and risks associated with the mining industry such as economic factors (including future commodity prices, currency fluctuations and energy prices), ground conditions and other factors limiting mine access, failure of plant, equipment, processes and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in ore grade or recovery rates, permitting timelines, capital and construction expenditures, reclamation activities, labor relations or disruptions, social and political developments and other risks of the mining industry. The potential effects of the COVID-19 pandemic on our business and operations are unknown at this time, including the Company’s ability to manage challenges and restrictions arising from COVID-19 in the communities in which the Company operates and our ability to continue to safely operate and to safely return our business to normal operations. The impact of COVID-19 on the Company is dependent on a number of factors outside of its control and knowledge, including the effectiveness of the measures taken by public health and governmental authorities to combat the spread of the disease, global economic uncertainties and outlook due to the disease, and the evolving restrictions relating to mining activities and to travel in certain jurisdictions in which it operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward‐looking information is available in Americas Gold and Silver’s filings with the Canadian Securities Administrators on SEDAR and with the SEC. Americas Gold and Silver does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Americas Gold and Silver does not give any assurance (1) that Americas Gold and Silver will achieve its expectations, or (2) concerning the result or timing thereof. All subsequent written and oral forward‐looking information concerning Americas Gold and Silver are expressly qualified in their entirety by the cautionary statements above.

Cautionary Note to U.S. Investors:

The terms "mineral resource", "measured mineral resource", "indicated mineral resource", "inferred mineral resource" used in the press release are Canadian mining terms used in accordance with NI 43-101 under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum Standards. Mineral resources which are not mineral reserves do not have demonstrated economic viability.

While the terms "mineral resource", "measured mineral resource", "indicated mineral resource", and "inferred mineral resource" are recognized and required by Canadian regulations, they are not defined terms under standards in the United States and normally are not permitted to be used in reports and registration statements filed with the Securities & Exchange Commission ("SEC"). As such, information contained in the Company's disclosure concerning descriptions of mineralization and resources under Canadian standards may not be comparable to similar information made public by U.S companies in SEC filings. With respect to "inferred mineral resource" there is a great amount of uncertainty as to their existence and a great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an "inferred mineral resource" will ever be upgraded to a higher category. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves.

¹ Notes for Mineral Reserve and Mineral Resource Estimates:

CIM (2014) Definition and Standards were followed for Mineral Reserve and Mineral Resource Estimates. Mineral Reserves are estimated at a net smelter return ("NSR") cut-off value of US$50/tonne at San Rafael, US$45/tonne at El Cajón, US$45/tonne at Zone 120 and US$198/tonne at Galena. The NSR cut-off is calculated using recent operating results for recoveries, off-site concentrate costs, and on-site operating costs. Mineral Reserves are estimated using metal prices of US$18.00 (US$17.00 in 2020) per ounce of silver, US$2.75 (US$2.50 in 2020) per pound of copper, US$0.90 (US$0.90 in 2020) per pound of lead and US$1.10 (US$0.90 in 2020) per pound of zinc. Numbers may not add or multiply accurately due to rounding.

Mineral Resources are estimated at a NSR cut-off value of US$34/tonne at San Rafael, US$45/tonne at El Cajón, US$45/tonne at Zone 120 and US$198/tonne at Galena. Mineral Resources are estimated at a 90g/tonne silver equivalent cut-off grade at Nuestra Señora. Mineral Resources are estimated at a 2.3% zinc equivalent cut-off grade at San Felipe. Mineral Resources are estimated at a 0.17g/tonne gold cut-off grade at Relief Canyon and are constrained by a $1,500 gold pseudoflow pit shell. Inferred Mineral Resources at Relief Canyon include existing low-grade stockpiles. Mineral Resources are estimated using metal prices of US$1,500 (US$1,500 in 2020) per ounce of gold, US$22.00 (US$20.00 in 2020) per ounce of silver, $3.50 (US$3.00 in 2020) per pound of copper, US$1.05 (US$1.05 in 2020) per pound of lead and US$1.25 (US$1.05 in 2020) per pound of zinc. Mineral Resources are reported exclusive of Mineral Reserves and as such the Mineral Resources do not have demonstrated economic viability. Numbers may not add or multiply accurately due to rounding.

Inferred Mineral Resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is therefore no certainty that the conclusions of the initial exploration drilling results will be realized. Additionally, where the Company discusses exploration/expansion potential, any potential quantity and grade is conceptual in nature and there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource.

Varying cut‐off grades have been used depending on the mine, methods of extraction and type of ore contained in the reserves. Mineral Resource metal grades and material densities have been estimated using industry‐standard methods appropriate for each mineral project with support of various commercially available mining software packages. The Company’s normal data verification procedures have been employed in connection with the calculations. Verification procedures include industry standard quality control practices. Sampling, analytical and test data underlying the stated mineral resources and reserves have been verified by employees of the Company under the supervision of Qualified Persons, for purposes of 43‐101 and/or independent Qualified Persons. The Company is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other relevant issues that would materially affect the Mineral Reserve and Mineral Resource Estimates. Additional details regarding Mineral Reserve and Mineral Resource estimation, classification, reporting parameters, key assumptions and associated risks for each of the Company’s mineral properties are provided in the respective NI 43‐101 Technical Reports which are available at www.sedar.com and the Company’s website at www.americas-gold.com. Additional notes regarding the current Mineral Reserve and Mineral Resource Statement are available on the Company’s website at https://americas-gold.com/operations/reserves-and-resources/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210908005398/en/

Contacts

For more information:
Stefan Axell
VP, Corporate Development & Communications
Americas Gold and Silver Corporation
416-874-1708

Darren Blasutti
President and CEO
Americas Gold and Silver Corporation
416-848-9503

Silver price threshold lowered to $20 and silver-linked dividend increased 33% at $25

COEUR D’ALENE, Idaho, September 08, 2021–(BUSINESS WIRE)–Hecla Mining Company ("Hecla")(NYSE:HL) is pleased to announce that its Board of Directors is adding one cent for the silver-linked dividend starting at a new, lower quarterly average realized silver price of $20. The policy increases the quarterly dividend by 33% at $25 realized silver price threshold.

"Our further enhanced dividend policy reflects Hecla’s strong free cash flow generation from the United States’ largest and lowest cost silver mines that produce more than 40% of all the silver mined in the United States," said Hecla’s President and Chief Executive Officer, Phillips S. Baker, Jr. "Hecla has consistently paid dividends since 2010 and has enhanced the policy three times in the last 12 months. Hecla’s dividend policy has the industry’s only silver-linked dividend providing sustainable returns to our shareholders and demonstrates our operational and financial discipline. And with the new policy shareholders receive a silver-linked dividend at a lower silver price and get a third more dividends at $25 silver."

The table below provides an overview of the enhanced silver-linked dividend with a lower silver-linked price threshold.

Visit Hecla’s website at www.hecla-mining.com which includes more in-depth information about the company, our people, our properties, interesting historical and silver facts, social responsibility initiatives and accomplishments, and a detailed investor section.

ABOUT HECLA

Founded in 1891, Hecla Mining Company (NYSE:HL) is the largest silver producer in the United States. In addition to operating mines in Alaska, Idaho and Quebec, Canada, the Company owns a number of exploration properties and pre-development projects in world-class silver and gold mining districts throughout North America.

Cautionary Statements

Statements made which are not historical facts, such as strategies, plans, anticipated payments, litigation outcome (including settlement negotiations), production, sales of assets, exploration results and plans, costs, and prices or sales performance are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may", "will", "should", "expects", "intends", "projects", "believes", "estimates", "targets", "anticipates" and similar expressions are used to identify these forward-looking statements. Forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected, or implied. These risks and uncertainties include, but are not limited to, metals price volatility, volatility of metals production and costs, environmental and litigation risks, operating risks, project development risks, political risks, labor issues, ability to raise financing and exploration risks and results. Refer to the company's Form 10-K and 10-Q reports for a more detailed discussion of factors that may impact expected future results. The company undertakes no obligation and has no intention of updating forward-looking statements other than as may be required by law.

Category: Press Release

View source version on businesswire.com: https://www.businesswire.com/news/home/20210908005409/en/

Contacts

Jeanne DuPont
Senior Communications Coordinator
800-HECLA91 (800-432-5291)
Email: hmc-info@hecla-mining.com
Website: www.hecla-mining.com

VANCOUVER, BC / ACCESSWIRE / September 8, 2021 / Rockhaven Resources Ltd. (TSXV:RK) ("Rockhaven" or the "Company") announces a non-brokered private placement (the "Offering") to raise gross proceeds of up to $1,650,000. The private placement will consist of the sale of up to 15,000,000 common shares at a price of $0.11 per share. The proceeds from the Offering will be used for working capital purposes.

No finders' fees or brokers' commissions are expected to be paid in respect of the Offering.

The Offering is scheduled to close on or about September 30, 2021 and is subject to certain conditions including, but not limited to, the receipt of TSX Venture Exchange acceptance. All securities issued pursuant to the Offering will be subject to a hold period in Canada of four months plus one day from closing.

About Rockhaven

Rockhaven Resources Ltd. is a well-funded explorer focused on the exploration and development of its 100%-owned, camp-scale Klaza Property, which hosts the Klaza Deposit and numerous lightly explored exploration targets. Rockhaven has completed a mineral resource estimate and a preliminary economic assessment on the Klaza deposit (see Klaza Property Technical Report with an effective date of July 10, 2020 and titled, "Technical Report and Preliminary Economic Assessment Update for the Klaza Property, Yukon, Canada" which can be viewed at www.sedar.com under the Rockhaven profile or on the Rockhaven website at www.rockhavenresources.com).

Matthew Turner
President, CEO and Director
Rockhaven Resources Ltd. –
T:604-687-2522
mturner@rockhavenresources.com

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.

Information contained in this news release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Rockhaven cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the control of Rockhaven. Such factors include, among other things: risks and uncertainties relating to exploration and development and the results thereof, the ability of Rockhaven to obtain additional financing, the need to comply with environmental and governmental regulations, fluctuations in the prices of commodities, operating hazards and risks, competition and other risks and uncertainties, including those described in Rockhaven's financial statements available under the Rockhaven profile at www.sedar.com. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Rockhaven undertakes no obligation to publicly update or revise forward-looking information.

SOURCE: Rockhaven Resources Ltd.

View source version on accesswire.com:
https://www.accesswire.com/663226/Rockhaven-Resources-Ltd-Announces-Private-Placement-of-up-to-1650000

TORONTO, September 08, 2021–(BUSINESS WIRE)–Silver Bear Resources Plc ("Silver Bear" or the "Company") (TSX: SBR) announces that, as a result of a review by staff of the Ontario Securities Commission, the Company is issuing the following news release regarding its current Technical Report on the Mangazeisky Silver Project and concurrently with the issuance of this press release is filing certain material contracts previously entered into by the Company.

OSC staff have indicated that the technical report titled "Mangazeisky Silver Project MRE Update and Strategy Re-Assessment, Republic of Sakha (Yakutia), Russian Federation" (the "Technical Report") filed on 30 March 2021 does not comply with certain technical requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Products ("NI 43-101") and Form 43-101F1 Technical Report ("Form 43-101F1"). Specifically, OSC staff identified deficiencies in the Technical Report including the qualification of one Qualified Person and his responsibility for certain sections and items of the Technical Report, certain Form 43-101F1 content requirements, the requirement for a current personal inspection, and the inclusion of mineral inventory not categorized as a mineral resource. No issues were identified by OSC staff with respect to the disclosed Mineral Resources nor with the economic analysis of the Mangazeisky Silver Project.

As a result of the review, the Company will have prepared and will file an amended technical report addressing each of the concerns outlined by OSC staff (the "Amended Technical Report") by not later than October 29, 2021.

The Company will issue a subsequent press release when the Amended Technical Report is filed on the Company's SEDAR profile. Concurrent with the filing of the Amended Technical Report, the Company will also file an amended and restated annual information form for the year ended December 31, 2020 (the "Amended AIF"). The Amended AIF will refer to the Amended Technical Report and correct certain material contract disclosure contained therein. As well, concurrently with the issuance of this news release, Silver Bear is filing certain amendments to its Amended and Restated Facilities Agreement dated as of March 27, 2017 and its Loan agreement with SKA Assets Management Limited, which material contracts should have been filed at an earlier date.

About Silver Bear

Silver Bear (TSX: SBR) is focused on the development of its wholly-owned Mangazeisky Silver Project, covering a licence area of approximately 570 km² that includes the high-grade Vertikalny deposit (amongst the highest- grade silver deposits in the world), located 400 km north of Yakutsk in the Republic of Sakha within the Russian Federation. As of April 2018, the Group attained first silver production as a result of commissioning activities and on 1 July 2019 the Group achieved full commercial production. Other information relating to Silver Bear is available on SEDAR at www.sedar.com as well as on the Group's website at www.silverbearresources.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210908006133/en/

Contacts

Vadim Ilchuk
President and Chief Executive Officer
T: +7 985 866 8877
info@silverbearresources.com

Judith Webster
Investor Relations Manager & Corporate Secretary
T: +416 453 8818
jwebster@silverbearresources.com

VANCOUVER, British Columbia, Sept. 08, 2021 (GLOBE NEWSWIRE) — Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) announced that on September 7, 2021 the company entered into agreements with two private purchasers providing for the sale of an aggregate of 515,365 common shares (the “Sale Shares”) held by Fortuna in Keon Capital Inc. (formerly Prospero Silver Corp.) (“Keon”), at a purchase price of C$0.10 per common share, for aggregate proceeds of C$51,536.50.

The Sale Shares represent approximately 26.9% of the issued and outstanding common shares of Keon as of September 7, 2021. Upon completion of the transactions contemplated in the sale agreements, Fortuna disposed of all its common shares in Keon and does not hold any common shares or securities in Keon. Fortuna disposed of the Sale Shares for investment purposes and currently has no plan or proposal which relates to or would result in acquiring ownership or control over securities of Keon.

A copy of the early warning report required to be filed by Fortuna with respect to the foregoing matters will be filed and made available under Keon’s profile on SEDAR. A copy of the early warning report may also be obtained by contacting Fortuna’s Corporate Secretary at +1.604.484.4085.

About Fortuna Silver Mines Inc.

Fortuna Silver Mines Inc. is a Canadian precious metals mining company with four operating mines in Argentina, Burkina Faso, Mexico and Peru, and an advanced development project in Côte d’Ivoire. Sustainability is integral to all our operations and relationships. We produce gold and silver and generate shared value over the long-term for our shareholders and stakeholders through efficient production, environmental protection, and social responsibility. For more information, please visit our website.

ON BEHALF OF THE BOARD

Jorge A. Ganoza
President, CEO, and Director
Fortuna Silver Mines Inc.

Investor Relations:
Carlos Baca | info@fortunasilver.com

TORONTO, September 07, 2021–(BUSINESS WIRE)–Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) ("Aquila" or the "Company") is pleased to announce that it has entered into a binding letter agreement (the "Letter Agreement") with Gold Resource Corporation ("GORO") (NYSE American: GORO) setting out certain key terms of a proposed acquisition by GORO of all the issued and outstanding common shares of Aquila by way of a plan of arrangement under the Business Corporations Act (Ontario) (the "Transaction").

Pursuant to the Transaction, which is subject to the entering into of a definitive arrangement agreement (the "Arrangement Agreement"), GORO will acquire all the issued and outstanding Aquila shares for 0.0399 of a GORO share per Aquila share (the "Exchange Ratio"). Based upon the 20-day volume-weighted average price ("VWAP") of GORO’s shares on the NYSE American stock exchange on September 3, 2021, being the last trading day prior to the date of the Letter Agreement, the Exchange Ratio represents a 29% premium to the 20-day VWAP of Aquila’s shares on the Toronto Stock Exchange as of such date. The Exchange Ratio represents consideration of C$0.09 per Aquila share (the "Per Share Price"), reflecting a premium of 12.5%, based upon the closing prices of the Aquila shares and the GORO shares on September 3, 2021. The Per Share Price implies an aggregate acquisition price for 100% of the outstanding Aquila shares of approximately C$30.9 million.

Upon closing of the Transaction, the existing GORO and Aquila shareholders will own approximately 85.1% and 14.9%, respectively, of the combined company on a fully diluted basis.

Strategic Rationale for the Transaction

Barry Hildred, Executive Chair, commented, "We believe strongly that this Transaction provides substantial immediate and long-term benefits to Aquila shareholders. The business combination with GORO, a proven operator of a cash flowing mine in the Americas, materially de-risks the financing and development of the Back Forty Project. The Transaction also allows our shareholders to maintain exposure to the value that is created as Back Forty advances towards production."

Guy Le Bel, President & CEO, added, "We share Allen’s vision for the combined company which, as a growth-oriented, multi-jurisdictional, diversified precious and base metal producer, will be well-positioned to create value for all shareholders."

Commenting on the entering into of the Letter Agreement, Allen Palmiere, President and Chief Executive Officer of GORO, said: "This proposed business combination offers an attractive opportunity to the shareholders of both GORO and Aquila. By combining our complementary assets, we will enhance our mineral inventory and add jurisdictional diversification to our project portfolio. The combined company will become a new intermediate gold producer following the commencement of production at Aquila’s Back Forty Project, and its shareholders can look forward to the potential of a company that is expected to benefit from a peer leading growth profile, underpinned by a healthy balance sheet and strong cash flow capable of supporting the development of the Back Forty Project. We look forward to entering into the Arrangement Agreement with Aquila and successfully completing the Transaction."

Further details of the benefits of the Transaction to Aquila and GORO shareholders include the following:

• Immediate and Significant Premium to Aquila Shareholders. Based on the 20-day VWAPs of the GORO shares and the Aquila shares, the Transaction offers an immediate and significant premium to Aquila’s shareholders of 29%.

• Enhanced Market Presence and Re-Rating Potential. GORO currently benefits from inclusion in the VanEck Junior Gold Miners ETF (the "GDXJ") and from an average daily trading volume of approximately 1 million shares, trailing three months. The Transaction is intended to result in the Back Forty Project being placed into production on a more accelerated basis, funded by cash flow generation, thus elevating the combined company to intermediate producer status. Following the completion of the Transaction, GORO is expected to continue to be included in the GDXJ and to benefit from an enhanced capital markets profile in the United States and Canada, as well as increased trading liquidity and broadened appeal to global index, resource, and generalist investors. This offers the potential for a re-rating to a multiple more in line with other intermediate gold producers.

• Enhanced Project and Jurisdictional Diversification. Each of GORO and Aquila is currently a single-asset, single-jurisdiction company. Through the Transaction, GORO and Aquila shareholders will have the opportunity to participate in the ongoing growth of a multi-jurisdictional, diversified precious and base metal producer with exposure to gold, silver, zinc, copper and lead through GORO’s producing Don David Gold Mine in Oaxaca, Mexico and Aquila’s Back Forty Project in Menominee County, Michigan. It is anticipated that Aquila’s previously announced sale of its Bend and Reef exploration properties will be completed prior to the completion of the Transaction.

• Growth Profile and Financial Strength of Combined Company. The combined company is expected to benefit from a peer leading growth profile, a robust balance sheet with no debt and cash of US$30.2 million at June 30, 2021, free cash flow generation from its Don David Gold Mine and the synergies that generally accrue from scale in the areas of general and administrative expenses, from less duplication of salaries, wages and other public company expenses, improved concentrate sales and marketing and supply chain efficiencies.

• Materially De-Risks the Financing and Development of the Back Forty Project for Aquila Shareholders. Benefitting from the free cash flow generated by the Don David Gold Mine, Aquila shareholders will not be diluted by a near-term equity financing that would otherwise be required to advance the Back Forty Project through the final stages of permitting and engineering. GORO is supportive of Aquila’s project development plans including continuing working towards an optimized Feasibility Study. The combined Company’s position of financial strength is also expected to result in an improved ability to access required additional financing to fund the Back Forty Project’s construction capital expenditures.

• All-Stock Transaction Enables Aquila Shareholders to Maintain Upside Exposure. Through their ownership in the combined company, Aquila shareholders will maintain exposure to the value that is expected to be unlocked as the Back Forty Project is advanced towards construction and production. Despite being a proven gold producer, GORO currently trades at only approximately 2.5 times free cash flow from operations. Aquila shareholders will participate in the anticipated re-rating of GORO from a one mine company in Mexico to a two-mine company with jurisdictional diversification.

• Experienced Management Team. The combined company will benefit from GORO’s and Aquila’s technical and operational teams’ expertise in polymetallic open pit and underground mines. The GORO executive team has a demonstrated record of success in developing and operating mining projects in the Americas.

• Demonstrated Consistent Dividend History. Post-Transaction, GORO intends to continue to pay dividends in accordance with its past practice. GORO has made consistent dividend payments to its investors for more than ten years.

Support for the Transaction from Key Aquila Stakeholders

Aquila’s largest shareholder, Orion Mine Finance ("Orion"), which holds 28.6% of the issued and outstanding Aquila shares, has confirmed to GORO that it is supportive of the Transaction. Subject to its review of the proposed Arrangement Agreement, Orion has indicated its intention to enter into a voting support agreement in favor of the Transaction, on terms to be agreed between GORO and Orion, contemporaneously with the execution of the Arrangement Agreement. The Letter Agreement also provides for the delivery of voting support agreements by each of Aquila’s directors and officers at such time (together with the aforementioned Orion agreement, the "Support Agreements").

Osisko Bermuda Limited, a wholly-owned subsidiary of Osisko Gold Royalties and which is a party to gold and silver stream agreements with Aquila relating to the Back Forty Project, has also confirmed that it considers GORO to be an approved purchaser under those agreements, and that it is supportive of the proposed Transaction.

Board Approvals

The Letter Agreement has been unanimously approved by the boards of directors of both GORO and Aquila. The Aquila board’s approval of the Letter Agreement was based in part on the unanimous recommendation of a special committee of independent directors of Aquila which was appointed to consider the Transaction.

Arrangement Agreement and Transaction Approvals

The Letter Agreement provides for a period of up to 45 days of exclusive negotiations by Aquila with GORO (the "Exclusivity Period") with a view to entering into a mutually acceptable Arrangement Agreement, and provides that the Arrangement Agreement will reflect the Exchange Ratio and other economic terms set out in the Letter Agreement. The Arrangement Agreement will contain customary representations and warranties, covenants, closing conditions and deal protection mechanisms for a transaction of this nature, including a break fee payable by Aquila to GORO equal to 4.0% of the total Transaction value in the event of termination of the Arrangement Agreement under certain circumstances.

The entering into of the Arrangement Agreement is subject to certain conditions set out in the Letter Agreement, including (i) the satisfaction of each of GORO and Aquila with its respective ongoing due diligence investigations, (ii) the receipt by Aquila’s board of directors of an opinion that the consideration proposed to be received by the Aquila shareholders pursuant to the Transaction is fair, from a financial point of view, to the Aquila shareholders, (iii) the approval of the Arrangement Agreement by the boards of directors of each of GORO and Aquila, and (iv) the entering into of the Support Agreements and certain other arrangements with third parties under certain of Aquila’s material contracts on a basis acceptable to GORO. The Letter Agreement also provides that if the Arrangement Agreement is not entered into, Aquila or GORO will reimburse the other party for certain of its expenses incurred in connection with the proposed Transaction depending on the circumstances.

The Transaction will require the approval of at least 66⅔% of the votes cast in person or by proxy at a special meeting of Aquila shareholders. The Transaction is also subject to Ontario court approval and the receipt of applicable regulatory approvals. The parties anticipate that the Aquila special shareholder meeting and the closing of the Transaction will take place in the fourth quarter of 2021. The Transaction will not require the approval of GORO’s shareholders.

Advisors

Goodmans LLP is Aquila’s Canadian legal advisor and Scotiabank is Aquila’s financial advisor.

Conference Call and Live Webcast

Management of GORO will host a conference call and live webcast at 10:00 a.m. Toronto time / 8:00 a.m. Denver time on September 8, 2021 to discuss the Transaction. Please use the following information to access the call and/or webcast:

There are two ways to join the conference call.

To join the conference via webcast, please click on the following link:
https://www.webcaster4.com/Webcast/Page/2361/42777.

To join the call via telephone please use one of the following dial-in details:
Participant Numbers:
Toll Free: 844-602-0380
International: 862-298-0970

Replay Number: Toll Free: 877-481-4010
International: 919-882-2331
Replay Passcode: 42777

Please connect to the conference call at least 10 minutes prior to the start time using one of the connection options listed above.

ABOUT AQUILA
Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) is a development‐stage company focused on high grade polymetallic projects in the Upper Midwest, USA. Aquila’s experienced management team is currently advancing pre-construction activities for its flagship 100%‐owned gold and zinc‐rich Back Forty Project in Michigan.

The Back Forty Project is a volcanogenic massive sulfide deposit with open pit and underground potential located along the mineral‐rich Penokean Volcanic Belt in Michigan’s Upper Peninsula. Back Forty contains approximately 1.1 million ounces of gold and 1.2 billion pounds of zinc in the Measured & Indicated Mineral Resource classifications, with additional exploration upside. An optimized Feasibility Study for the Project is underway.

Additional disclosure of Aquila’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.aquilaresources.com or on SEDAR at www.sedar.com.

ABOUT GOLD RESOURCE CORPORATION
Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Under the direction of a new board and senior leadership, the company’s focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine. For more information, please visit GORO’s website, located at www.goldresourcecorp.com and read the company’s Form 10-K for an understanding of the risk factors associated with its business.

Cautionary statement regarding forward-looking information

This press release may contain certain forward-looking statements. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". In particular, this news release contains forward-looking information pertaining to the following: statements regarding the proposed Transaction (including with respect to the satisfaction of conditions to the entering into of the Arrangement Agreement, the terms and conditions of the Arrangement Agreement and Support Agreements, and the receipt of shareholder, court and regulatory approvals for the Transaction); the potential strategic benefits of the Transaction and expectations regarding the combined company (including its growth profile and resource profile, the development of the Back Forty Project, cash flow generation from the Don David Gold Mine, and its market presence and re-rating potential and expectations regarding the payment of dividends); and timing expectations for all of the foregoing. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Aquila to control or predict, that may cause their actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the ability of the Company and GORO to negotiate the Arrangement Agreement and the satisfaction of the conditions precedent to the execution of the Arrangement Agreement (including the satisfaction of each of GORO and Aquila with their respective due diligence investigations, the approval of the Arrangement Agreement by the boards of directors of each of GORO and Aquila, and the execution of the Support Agreements); the satisfaction of all conditions precedent to closing the Transaction (including the obtaining of all shareholder, court, and regulatory approvals); inherent risks of mining exploration, development and production operations; economic factors affecting the Company and/or GORO; the integration of the businesses of the Company and GORO; political conditions and the regulatory environment in the United States and Mexico; and the scope, duration, and impact of the COVID-19 pandemic on the Company and GORO as well as the scope, duration and impact of government action aimed at mitigating the pandemic; and other related risks and uncertainties, including, but not limited to, risks and uncertainties disclosed in Aquila’s filings on its website at www.aquilaresources.com and on SEDAR at www.sedar.com. Aquila undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents Aquila’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Furthermore, mineral resources that are not mineral reserves do not have demonstrated economic viability.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210907005878/en/

Contacts

Guy Le Bel, President & CEO, Director
Tel: 450.582.6789
glebel@aquilaresources.com

David Carew, VP Corporate Development & IR
Tel: 647.943.5677
dcarew@aquilaresources.com

Drilling on the TAP C open pit further defines continuity of mineralization for resource expansion and regional exploration identifies gold trend within 20 km radius of Tucano mine

TSX: GPR | NYSE American: GPL

VANCOUVER, BC, Sept. 7, 2021 /CNW/ – Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) ("Great Panther" or the "Company"), a growing gold and silver producer focused on the Americas, announces results from Phase 2 of the 2021 resource replacement and expansion drilling program and regional exploration results from the Company's wholly-owned Tucano Gold Mine ("Tucano") in Brazil. Tucano comprises a 7-kilometre-long trend of gold deposits hosted within a large tenement package controlled by Great Panther covering approximately 2,000 km² of the Vila Nova Greenstone Belt.

"One of the primary objectives of our exploration program at Tucano this year is to extend the open pit mine life, and I am pleased to report that our intention is to bring TAP C back into production in 2022 as the drilling has demonstrated continuity of mineralization at depth below the current pit floor," commented Rob Henderson, Great Panther's President & CEO.

"The other main objectives at Tucano this year include extending the high-grade zones underground and defining the regional potential of our district-scale land package," continued Mr. Henderson. "Initial results from our regional exploration program are very promising as they confirm the potential surrounding Tucano and our ability to generate new quality targets through focused, systematic exploration. Drilling of new targets is planned for the fourth quarter of this year. Our immediate focus is making new discoveries within a 20 km radius of the mine. However, we believe that the greenstone belt has significant exploration upside, and our long-term objective is to make a major new discovery within our extensive tenement package."

Resource Replacement and Expansion Drilling

The Company continues to focus on resource definition along the 7-kilometer-long mine sequence. Last year the focus was on the Taperaba ("TAP AB") pit where the Company successfully upgraded inferred resources to Measured & Indicated ("M&I") status and, as a result, significantly increased the open pit reserves at TAP AB. This year the focus has been on TAP C, situated between the TAP AB and Urucum pits that are the current focus of production at Tucano. The definition of new resources at TAP C will give Tucano additional operational flexibility with new production fronts from shallow pits close to the plant (see Figure 1).

Highlights and significant intersections from drilling at TAP C are summarized below and are expected to be applied to an updated Mineral Reserve and Mineral Resource ("MRMR") estimation for Tucano later this year.

Highlights from the 2021 TAP C drill program^{1 2}:

• 21TACDD001: 4m @ 13.7g/t from 130m

• 21TACDD002: 6.3m @ 4.0g/t from 145.7m

• 21TACDD003: 11.95m @ 1.4g/t from 104.25m

• 21TACDD023: 8.55m @ 4.9g/t from 25.95m

• 21TACDD028: 12.7m @ 2.9g/t from 186.3m

• 21TACDD029: 24.6m @ 1.6g/t from 100m

• 21TACDD029: 38m @ 2.5g/t from 167m

• 21TACDD030: 9m @ 7.8g/t from 45m

The drilling focused on defining M&I resources down to 70 m below the pit surface. Wireframes for the mineralization have been prepared and block models are being generated for resource estimation and categorization.

The full table of drill results can be found at https://www.greatpanther.com/_resources/pdf/20210907-GPR-News-Release-Full-Table-of-Results.pdf.

Regional Exploration

This year the Company initiated an extensive regional soil sampling and mapping program over high priority exploration corridors defined last year. The regional exploration program ties into the current resource definition drilling along the mine sequence by focusing on the identification and fast-tracking of gold targets within a 20 km radius of the mine that may be exploited by open pit mining and processed by the Tucano plant. The Company's goal is to define new resources that may be mined to complement the current ore reserves along the mine sequence. This ambitious program includes over 500-line-kilometres of soil sampling followed by drill testing starting in the fourth quarter of 2021 ("Q4 2021").

Multi-element soil geochemistry received for the first regional grid, Mutum, indicates a continuous 3.8-kilometre-long elevated gold trend. The structural and lithologic setting together with indications of intrusive activity, interpreted from the multi-element geochemistry and aerogeophysics, increase the priority of this trend. They reflect positive features commonly found associated with gold deposits. The Mutum trend is the first of eight high-priority exploration corridors being evaluated with multi-element soil geochemistry this year and is situated just 15 km northeast of the Tucano mine (see Figure 2). The gold trend is being mapped in detail and will be covered by ground magnetics and prioritized for drilling in Q4 2021.

To date, in addition to Mutum, the following prospective, regional exploration corridors have been covered by regional multi-element soil sampling grids: Mutum-Joseph, Lona Amarela, Eastern Mine Sequence, Janaina, Timbo and Jornal. Sampling has been initiated on the Village Antonio grid. Sample results from these grids will be received over the next four to six months. Results will be integrated and anomalies prioritized for inclusion in the regional fast-track drilling budget for 2022.

Technical Disclosure and Qualified Persons

On behalf of Great Panther, Nicholas Winer, Fellow AusIMM and Vice President of Exploration supervised the preparation of data for inclusion in this news release and approved this news release. Mr. Winer is a non-independent Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").

Mr. Winer reviewed the Tucano QA/QC program. The QA/QC program for drill core includes the regular insertion of blanks, standards, and duplicates into sample batches, diligent monitoring of assay results, and necessary remedial actions. Resource drilling samples are first assayed at the Tucano onsite laboratory. All intervals with anomalous gold are submitted and re-analyzed by the Certified SGS Geosol laboratory in Belo Horizonte by 50 g fire-assay. All SGS Geosol assays, after diligent monitoring of QA/QC and necessary remedial actions, supersede the Tucano assay results in the database for MRMR grade estimation. QA/QC monitoring of the SGS laboratory also includes inter-laboratory checks on five percent of samples with the Certified, ALS laboratory in Belo Horizonte. In addition to the data verification methodology described above, personal inspections of the Tucano property have also been completed.

ABOUT GREAT PANTHER

Great Panther is a growing gold and silver producer focused on the Americas. The Company owns a diversified portfolio of assets in Brazil, Mexico and Peru that includes three operating gold and silver mines, four exploration projects, and an advanced development project. Great Panther is actively exploring large land packages in highly prospective districts and is pursuing acquisition opportunities to complement its existing portfolio. Great Panther trades on the Toronto Stock Exchange trading under the symbol GPR, and on the NYSE American under the symbol GPL.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of Canadian securities laws (together, "forward-looking statements"). Such forward-looking statements may include, but are not limited to, statements regarding: (i) continuity of mineralization of the TAP C deposit to approximately 50 m – 70 m below the current pit floor; (ii) initial results of the re-modelling of the TAP C deposit which define the structural framework that has affected the mineralization and explain mineralization discontinuities; (iii) plans to complete infill drilling of TAP C to target definition of an Inferred and Indicated Mineral Resource; (iv) belief that the interpretation of results of the drilling programs at TAP C are indicative and may be extended over all of the TAP C deposits; (v) confidence in and belief that the Company will be able to include TAP C in the next MRMR statement for Tucano providing additional confidence in the geometry of the ore body is determined; and (vi) confidence that the results of an economic evaluation of the results from TAP C will permit mining to be initiated

These forward-looking statements and information reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: continued operations and exploration work, including plans to complete infill drilling at Tucano, in 2021 occur without significant interruption due to COVID-19 or any other reason; the accuracy of the Company's geological modeling at Tucano and the assumptions upon which they are based, including initial results of the re-modelling of the TAP C deposit which define the structural framework that has affected the mineralization and explain mineralization discontinuities; the results of the phase 1 and phase 2 drilling programs at TAP C are indicative and may be extended over all of the TAP C deposits; planned infill drilling will provide confidence sufficient to define Mineral Resource estimates for the TAP C deposits; geometry of the orebody; ore grades and recoveries; prices for gold, silver, and base metals remaining as estimated; currency exchange rates remaining as estimated; prices for energy inputs, labour, materials, supplies and services (including transportation); all necessary permits, licenses and regulatory approvals for the Company's operations and exploration work are received in a timely manner on favourable terms, Tucano will be able to continue to use cyanide in its operations; the Company will not be required to further impair Tucano as the current open pit mineral reserves are depleted through mining; the ability to procure equipment and operating supplies without interruption and that there are no material unanticipated variations in the cost of energy or supplies; operations not being disrupted by issues such as pit-wall failures or instability, mechanical failures, labour disturbances and workforce shortages, illegal occupations or mining, seismic events, and adverse weather conditions; and the Company's ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to: the impact of COVID-19 on the Company's ability to operate and conduct exploration work, including drilling plans, as anticipated, and the risk of an unplanned partial or full shutdown of the Company's mines and processing plants, whether voluntary or imposed, which would adversely impact the Company's revenues, financial condition and ability to meet its production and cost guidance and fund its capital programs and repay its indebtedness; the inherent risk that estimates of Mineral Reserves and Resources may not be accurate and accordingly that mine production will not be as estimated or predicted; planned exploration activities, including plans for further infill drilling at TAP C, may not result in the discovery of new Mineral Resources/definition of Mineral Resources and readers are cautioned that Mineral Resources that are not Mineral Reserves have no defined economic viability; there is no certainty that the Company will be able to define a mineral resource for the TAP C deposits and the Company is not treating the AMC historical estimate as a current mineral resource estimate; open pit mining operations at Tucano have a limited established mine life and the Company may not be able to extend the mine life for Tucano open pit operations beyond 2023 as anticipated; gold, silver and base metal prices may decline or may be less than forecasted; fluctuations in currency exchange rates (including the U.S. dollar to Brazilian real exchange rate) may increase costs of operations; operational and physical risks inherent in mining operations (including pit wall collapses, tailings storage facility failures, environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather) may result in unforeseen costs, shut downs, delays in production and drilling and exposure to liability; potential political and social risks involving Great Panther's operations in a foreign jurisdiction; the potential for unexpected costs and expenses or overruns; shortages in the ability to procure equipment and operating supplies without interruption; employee and contractor relations; relationships with, and claims by, local communities; the Company's ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner on favourable terms; changes in laws, regulations and government practices in the jurisdictions in which the Company operates; legal restrictions related to mining; diminishing quantities or grades of mineral reserves as properties are mined operating or technical difficulties in mineral exploration, changes in project parameters as plans continue to be refined; the Company's inability to meet its production forecasts or to generate the anticipated cash flows from operations could result in the Company's inability to meet its scheduled debt payments when due or to meet financial covenants to which the Company is subject or to fund its exploration programs as planned; ability to maintain and renew agreements with local communities to support continued operations; there is no assurance that the Company will be able to identify or complete acquisition opportunities of, if completed, that such acquisitions will be accretive to the Company; and other risks and uncertainties, including those described in respect of Great Panther, in its most recent annual information form and material change reports filed with the Canadian Securities Administrators available at www.sedar.com and reports on Form 40-F and Form 6-K filed with the Securities and Exchange Commission and available at www.sec.gov.

There is no assurance that these forward-looking statements will prove accurate or that actual results will not vary materially from these forward-looking statements. Although the Company 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, described, or intended. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward-looking statements and information are designed to help readers understand management's current views of our near- and longer-term prospects and may not be appropriate for other purposes. The Company does not intend, nor does it assume any obligation to update or revise forward-looking statements or information, whether as a result of new information, changes in assumptions, future events or otherwise, except to the extent required by applicable law.

CAUTIONARY NOTE TO UNITED STATES INVESTORS CONCERNING ESTIMATES OF MEASURED, INDICATED AND INFERRED RESOURCES

The Company prepares its disclosure in accordance with the requirements of securities laws in effect in Canada , which differ from the requirements of U.S. securities laws. Terms relating to mineral resources in this news release are defined in accordance with NI 43-101 under the guidelines set out in the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards for Mineral Resources and Mineral Reserves 2014 ("CIM Definition Standards").

The United States Securities and Exchange Commission (the "SEC") has adopted amendments effective February 25, 2019 (the "SEC Modernization Rules") to its disclosure rules to modernize the mineral property disclosure requirements for issuers whose securities are registered with the SEC under the United States Securities Exchange Act of 1934. The SEC Modernization Rules have replaced SEC Industry Guide 7, which have been rescinded.

As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of "Measured mineral resources", "Indicated Mineral Resources" and "Inferred Mineral Resources", which are defined in substantially similar terms to the corresponding CIM Definition Standards. In addition, the SEC has amended its definitions of "Proven Mineral Reserves" and "Probable Mineral Reserves" to be substantially similar to the corresponding CIM Definition Standards.

United States investors are cautioned that while the foregoing terms are "substantially similar" to corresponding definitions under the CIM Definition Standards, there are differences in the definitions under the SEC Modernization Rules and the CIM Definition Standards. Accordingly, there is no assurance any Mineral Resources that the Company may report as "Measured Mineral Resources", "Indicated Mineral Resources" and "Inferred Mineral Resources" under NI 43-101 would be the same had the Company prepared the resource estimates under the standards adopted under the SEC Modernization Rules.

United States investors are also cautioned that while the SEC will now recognize "Measured Mineral Resources", "Indicated Mineral Resources" and "Inferred Mineral Resources", investors should not assume that any part or all of the mineral deposits in these categories would ever be converted into a higher category of Mineral Resources or into Mineral Reserves. Mineralization described by these terms has a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. Accordingly, investors are cautioned not to assume that any "Measured Mineral Resources", "Indicated Mineral Resources", or "Inferred Mineral Resources" that the Company reports are or will be economically or legally mineable.

Further, "Inferred Mineral Resources" have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. Therefore, United States investors are also cautioned not to assume that all or any part of the Inferred resources exist. In accordance with Canadian securities laws, estimates of "Inferred Mineral Resources" cannot form the basis of feasibility or other economic studies, except in limited circumstances where permitted under NI 43-101.

In addition, disclosure of "contained ounces" is permitted disclosure under Canadian regulations; however, the SEC has historically only permitted issuers to report mineralization as in place tonnage and grade without reference to unit measures.

Figure 1: Tap C location and current operating areas of TAP AB and Urucum with Tucano plant.

Figure 2: Location of regional soil grids relative to the Tucano mine sequence.

View original content to download multimedia:https://www.prnewswire.com/news-releases/great-panther-announces-open-pit-and-regional-exploration-results-for-the-tucano-gold-mine-in-brazil-301369903.html

SOURCE Great Panther Mining Limited

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/07/c7186.html

While IMPACT Silver Corp. (CVE:IPT) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 21% in the last quarter. But don't let that distract from the very nice return generated over three years. After all, the share price is up a market-beating 90% in that time.

Since it's been a strong week for IMPACT Silver shareholders, let's have a look at trend of the longer term fundamentals.

View our latest analysis for IMPACT Silver

While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

IMPACT Silver became profitable within the last three years. So we would expect a higher share price over the period.

The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).

It might be well worthwhile taking a look at our free report on IMPACT Silver's earnings, revenue and cash flow.

A Different Perspective

IMPACT Silver shareholders are down 43% for the year, but the market itself is up 35%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 7% per year over five years. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. It's always interesting to track share price performance over the longer term. But to understand IMPACT Silver better, we need to consider many other factors. For example, we've discovered 3 warning signs for IMPACT Silver that you should be aware of before investing here.

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CA exchanges.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

TORONTO, Sept. 07, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) is pleased to announce the appointment of Rachel Goldman to the Board of Directors (the “Board”).

Ms. Goldman brings 20 years of experience in institutional sales, mining company financings and corporate transactions during her career while at several Canadian brokerage firms where she developed an extensive list of investor and mining company relationships. In February 2020, she was appointed to the role of Chief Executive Officer and Director of Paramount Gold Nevada Corp (NYSE American: PZG).

Chair of the Board, Paul Martin, said, “We are extremely pleased to have Ms. Goldman join our Board. Her appointment expands the skills matrix of the overall Board bringing additional strength in the areas of finance, corporate strategy and marketing.”

The Company also announces that Dr. Robert Dodds has resigned from the Board of Directors. Dr. Dodds’ history with the Company dates back to his time as President & Chief Executive Officer and Director of Augustine Ventures Inc., which merged with the Company in February 2017.

“On behalf of the entire Board, we would like to thank Dr. Dodds for his years of service to the Company and look forward to his continued support,” said Chair of the Board Paul Martin.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".

The Wawa Gold Project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,800 hectares in size.

The Company’s Chair of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining and Detour Gold. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

For more information about the Company, visit www.redpineexp.com.

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Or

Tara Asfour, Investor Relations Manager, (514) 833-1957, tasfour@redpineexp.com

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

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

DENVER, CO / ACCESSWIRE / September 7, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company", "We", "Our" or "GRC") considers the health and safety of its workers and host communities a fundamental priority of the Company's operations. We have started to bring employees back to the mine site over the past several days, each of whom were required to quarantine for three days and then tested for COVID-19. Of the 332 brought back, 329 tested negative for COVID-19 and were allowed to access the operations. We are cautiously optimistic that the advice we are following from our medical staff and an epidemiologist, to reduce the movement of people coming to the mine site from the local communities and the region, is meeting our goals of minimizing the further spread of infection amongst our workforce and the local communities and lessening the extreme strain on our accommodations.

Alberto Reyes, Chief Operating Officer, "Our operations team has risen to the challenge of trying to keep everyone healthy and safe during the pandemic. Our employees and contractors have taken to the isolation process well and our medical staff note that they are content with our progress to date."

Employees and contractors will be staying in the camp for periods longer than the usual rotation to create a bubble. Testing frequency has increased with stricter procedures governing operational activities. We are commencing the processes to restart production from the mine, build up a run-of-mine stockpile, restart the processing plant and return to 2021 budgeted throughput rates of 1,500 tonnes per day in the next several weeks.

Ground support challenges in the first half of 2021 coupled with the temporary ramp down during late August and early September will affect our overall production results; accordingly, we are providing an update to our 2021 annual guidance:

(1) Calculations of cash cost per after by-product credits per gold equivalent ounce and all-in sustaining cost after by-product credits per gold equivalent ounce are non-GAAP financial measures. Please see the Non-GAAP Measures section of the Management's Discussion and Analysis and Results of Operations in the Quarterly Report for the period ended June 30, 2021 reported on Form 10Q for a complete reconciliation of the non-GAAP measures.

(2) Co-product credits are based on approximately 7,200 tonnes of lead sold at an $0.90 per pound metal price (originally 8,000 tonnes of lead sold at $0.80 per pound), approximately 1,500 tonnes of copper sold at a $4.00 per pound metal price (originally 1,800 tonnes of copper sold at $2.80 per pound) and 16,000 tonnes of zinc sold at a $1.25 per pound metal price (originally 21,000 tonnes of zinc sold at $1.04 per pound).

Cautionary Statements:

This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward- looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward- looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, the scope, duration, and impact of the COVID-19 pandemic on mining operations, Company employees, and supply chains as well as the scope, duration and impact of government action aimed at mitigating the pandemic may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Also, there can be no assurance that production will continue at any specific rate. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company's 10-Q filed with the SEC.

For further information please contact:

Ann Wilkinson
Vice President, Investor Relations and Corporate Affairs
Ann.Wilkinson@GRC-USA.com
www.goldresourcecorp.com

SOURCE: Gold Resource Corporation

View source version on accesswire.com:
https://www.accesswire.com/662919/Gold-Resource-Corporations-Don-David-Gold-Mine-Begins-Process-of-Ramping-up-Activities-Updates-2021-Guidance

It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes to zero. But in contrast you can make much more than 100% if the company does well. For instance the Dundee Precious Metals Inc. (TSE:DPM) share price is 181% higher than it was three years ago. Most would be happy with that. In the last week the share price is up 2.5%.

So let's assess the underlying fundamentals over the last 3 years and see if they've moved in lock-step with shareholder returns.

See our latest analysis for Dundee Precious Metals

There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

During three years of share price growth, Dundee Precious Metals achieved compound earnings per share growth of 109% per year. This EPS growth is higher than the 41% average annual increase in the share price. Therefore, it seems the market has moderated its expectations for growth, somewhat. This cautious sentiment is reflected in its (fairly low) P/E ratio of 5.89.

The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).

It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here..

What About Dividends?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Dundee Precious Metals' TSR for the last 3 years was 188%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return.

A Different Perspective

Dundee Precious Metals shareholders are down 13% for the year (even including dividends), but the market itself is up 35%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Longer term investors wouldn't be so upset, since they would have made 16%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. It's always interesting to track share price performance over the longer term. But to understand Dundee Precious Metals better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Dundee Precious Metals , and understanding them should be part of your investment process.

Dundee Precious Metals is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CA exchanges.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling short, can easily find investors. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.'

If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Fresnillo (LON:FRES). While profit is not necessarily a social good, it's easy to admire a business that can consistently produce it. In comparison, loss making companies act like a sponge for capital – but unlike such a sponge they do not always produce something when squeezed.

See our latest analysis for Fresnillo

Fresnillo's Earnings Per Share Are Growing.

As one of my mentors once told me, share price follows earnings per share (EPS). It's no surprise, then, that I like to invest in companies with EPS growth. Fresnillo managed to grow EPS by 8.3% per year, over three years. That growth rate is fairly good, assuming the company can keep it up.

I like to see top-line growth as an indication that growth is sustainable, and I look for a high earnings before interest and taxation (EBIT) margin to point to a competitive moat (though some companies with low margins also have moats). Fresnillo shareholders can take confidence from the fact that EBIT margins are up from 16% to 35%, and revenue is growing. Ticking those two boxes is a good sign of growth, in my book.

You can take a look at the company's revenue and earnings growth trend, in the chart below. For finer detail, click on the image.

You don't drive with your eyes on the rear-view mirror, so you might be more interested in this free report showing analyst forecasts for Fresnillo's future profits.

Are Fresnillo Insiders Aligned With All Shareholders?

I always like to check up on CEO compensation, because I think that reasonable pay levels, around or below the median, can be a sign that shareholder interests are well considered. For companies with market capitalizations between US$4.0b and US$12b, like Fresnillo, the median CEO pay is around US$2.2m.

The Fresnillo CEO received total compensation of just US$939k in the year to . That looks like modest pay to me, and may hint at a certain respect for the interests of shareholders. CEO remuneration levels are not the most important metric for investors, but when the pay is modest, that does support enhanced alignment between the CEO and the ordinary shareholders. It can also be a sign of a culture of integrity, in a broader sense.

Does Fresnillo Deserve A Spot On Your Watchlist?

One important encouraging feature of Fresnillo is that it is growing profits. Not only that, but the CEO is paid quite reasonably, which makes me feel more trusting of the board of directors. So I do think the stock deserves further research, if not instant addition to your watchlist. It is worth noting though that we have found 2 warning signs for Fresnillo (1 shouldn't be ignored!) that you need to take into consideration.

Of course, you can do well (sometimes) buying stocks that are not growing earnings and do not have insiders buying shares. But as a growth investor I always like to check out companies that do have those features. You can access a free list of them here.

Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

Endeavour Silver (TSE:EDR) has had a rough three months with its share price down 28%. However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. Particularly, we will be paying attention to Endeavour Silver's ROE today.

Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital.

See our latest analysis for Endeavour Silver

How Do You Calculate Return On Equity?

Return on equity can be calculated by using the formula:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

So, based on the above formula, the ROE for Endeavour Silver is:

16% = US$39m ÷ US$240m (Based on the trailing twelve months to June 2021).

The 'return' is the profit over the last twelve months. Another way to think of that is that for every CA$1 worth of equity, the company was able to earn CA$0.16 in profit.

What Is The Relationship Between ROE And Earnings Growth?

So far, we've learned that ROE is a measure of a company's profitability. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.

A Side By Side comparison of Endeavour Silver's Earnings Growth And 16% ROE

At first glance, Endeavour Silver seems to have a decent ROE. And on comparing with the industry, we found that the the average industry ROE is similar at 14%. This probably goes some way in explaining Endeavour Silver's significant 31% net income growth over the past five years amongst other factors. However, there could also be other drivers behind this growth. For instance, the company has a low payout ratio or is being managed efficiently.

We then performed a comparison between Endeavour Silver's net income growth with the industry, which revealed that the company's growth is similar to the average industry growth of 32% in the same period.

Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is Endeavour Silver fairly valued compared to other companies? These 3 valuation measures might help you decide.

Is Endeavour Silver Using Its Retained Earnings Effectively?

Summary

In total, we are pretty happy with Endeavour Silver's performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. Having said that, on studying current analyst estimates, we were concerned to see that while the company has grown its earnings in the past, analysts expect its earnings to shrink in the future. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

Toronto, Ontario–(Newsfile Corp. – September 3, 2021) – Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company"), is pleased to announce that it has completed the first two drill holes at its San Jose project.

Michael R. Smith (Monarca Minerals Senior VP Exploration) states "We are very excited about the positive results of the San Jose drilling, having demonstrated the existence of significant skarn mineralization".

Drill holes SJ01 and SJ03 have been completed – each drill hole successfully intersected skarn mineralization with sulfide minerals, based on field quick logs (Figure 1: Field Log Summary). Both exoskarn and endoskarn mineralization were observed. The sulfide minerals observed were dominantly pyrite, with very fine grained dark sulfide minerals, which appear to be sphalerite and galena in some cases. Chalcopyrite was locally observed. Assay results are not yet available. The first batch of samples for assay will be shipped in a few days to the sample preparation laboratory in Chihuahua, Mexico.

SJ01: Drill hole SJ01, angled easterly at -60º, was drilled to 140.2m and was completed in one day. It targeted the mineralized contact between limestone and adjacent granodiorite, at the Guadalupana mine (Figure 2: Drilling IP Geophysical Targets). SJ01 intersected 9.1m of exoskarn with about 1% pyrite and <1% of fine grained dark sulfide minerals. It also cut 42.7m of endoskarn. The remainder of the hole was silicified granodiorite with about 1% pyrite.

SJ03: Drill hole SJ03 was drilled vertically to 329.2m and was completed in four days, having intersected three exoskarn horizons. A booster compressor was utilized to manage water flows, which at a constant rate were about 5 gallons per minute. It targeted an IP geophysical anomaly in an area where the nearest outcrop was about 100m distant, at the El Leon prospect. Three thick zones of exoskarn were intersected, each with sulfide mineralization consisting of pyrite and fine grained dark sulfide minerals. From 207.3m to 208.8m exoskarn mineralization was observed, with about 20% pyrite and fine grained dark sulfide minerals. The total intersected length of exoskarn mineralization was 83.8m, along with 76.2m of endoskarn. There appears to be potassic alteration (shreddy biotite) in the granodiorite in the bottom 32.0m of drill hole SJ03.

Figure 1: Field Log Summary

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/2584/95501_0926ed8864642ad6_001full.jpg

SJ10SJ03SJ01+/- Drill Hole Locations

Figure 2: Drilling IP Geophysical Targets

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/2584/95501_0926ed8864642ad6_011full.jpg

Quality Assurance and Quality Control Statement

Procedures have been implemented by Monarca to assure Quality Assurance Quality Control (QAQC) of all assaying that will be done at an ISO Accredited laboratory. Drill hole samples are collected at the drill rig and are riffle split, disposing of 1/4 or 1/2 of the sample, collecting two samples, one for the assay laboratory and one as a duplicate. The samples are then stored securely prior to shipment. A sterile blank sample (un-mineralized basalt) and a mineralized reference standard (used by Monarca since 2009) are alternately placed in the sample sequence every 20th sample. The assays received for the QAQC samples will be reviewed for acceptable values by Monarca's Qualified Person.

Qualified Person Statement

Michael R. Smith is the Qualified Person (QP) who has reviewed and approved the scientific and technical information disclosed in this news release. Mr. Smith is a Registered Member (#04167376 – Geology) of the Society for Mining, Metallurgy & Exploration (SME) and the Executive Vice President, Exploration for Monarca Minerals Inc.

About Monarca Minerals Inc.

Monarca is a Canadian mining company listed on the TSX Venture Exchange (TSXV:MMN) and focused on the exploration and development of silver projects along a highly productive mineralized belt in Mexico. The Company has a portfolio of silver projects including an Inferred Mineral Resource of 19.8 million tonnes at 45.0 g/t Ag (28.7 million ounces of contained silver) at its Tejamen deposit in Durango, Mexico. NI 43-101 Technical Report on Resources, Tejamen Silver Property, Durango State, Mexico, prepared by Gustavson Associates on February 2, 2016.

For further information, please contact:

Carlos Espinosa
President, CEO & Director
Monarca Minerals Inc.
E: cespinosa@slgmexico.com

Cautionary Note Regarding Forward-Looking Statements Forward-Looking Statements:

The above contains forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

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

/NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95501

Fractional investing gives small investors an opportunity to consider exposure to large-cap stocks that trade well above $1,000. However, it’s a good idea to also consider buying cheap stocks that could provide multi-fold returns. Investors can buy a decent lot size and these stocks can be potential portfolio catalysts.

For example, one year ago, Marathon Digital (NASDAQ:MARA) stock was trading at $2.38. Currently, the stock trades for more than $40. Of course, not all stocks will give 5-fold or 10-fold returns. However, even if only a few cheap stocks double, it’s likely to have a meaningful impact on the overall portfolio.

Let’s talk about seven cheap stocks that are trading for less than $10. Their low price isn’t their only appeal; these stocks seem to be undervalued and positioned for a strong rally in the next few quarters. The stocks highlighted below are from diversified sectors that might have multi-year positive tailwinds.

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With that in mind, these seven stocks whose shares are trading for less than $10 look promising right now:

• Kinross Gold (NYSE:KGC)

• Hecla Mining (NYSE:HL)

• Cronos Group (NASDAQ:CRON)

• Transocean (NYSE:RIG)

• Paysafe Limited (NYSE:PSFE)

• Bitfarms (NASDAQ:BITF)

• Electrameccanica Vehicles (NASDAQ:SOLO)

Cheap Stocks: Kinross Gold (KGC)

Source: T. Schneider / Shutterstock.com

Among gold mining stocks, KGC stock looks attractive after underperforming in the current year. While there are talks about a relatively early rate hike, I am bullish on gold for two reasons.

First and foremost, the delta variant and its economic impact might delay the rate hike. Furthermore, even if interest rates trend higher, real rates are likely to remain negative for an extended period. Gold can therefore remain in a long-term uptrend.

Specific to Kinross Gold, I like the fact that the company is positioned for production growth in the coming years. Kinross has guided for production of 2.1 million ounces for 2021. However, production is expected to increase to 2.7 million ounces in 2022 and further to 2.9 million ounces in 2023.

Therefore, Kinross will benefit from higher gold prices coupled with incremental production.

It’s worth noting that the company has a total liquidity buffer of $2.2 billion as of the second quarter of 2021. Further, for the last quarter, the company reported free cash flow (FCF) of $183 million. This indicates Kinross has ample financial flexibility to finance capital expenditures.

KGC stock also offers an annualized dividend of 12 cents, which translates into a dividend yield of 2%. Dividend growth is likely in the next few years as production upside translates into higher free cash flows.

Hecla Mining (HL)

Source: Shutterstock

Hecla Mining has the largest reserve and resource of silver in the United States. Additionally, the company is into gold mining.

Hecla has been reporting robust financials. For Q2 2021, the company clocked sales of $218 million and an EBITDA of $84 million. Importantly, the company also reported $54.4 million in free cash flow for the quarter. This implies an annualized FCF potential of more than $200 million.

From a credit perspective, Hecla reported cash and equivalents of $181 million. With a total liquidity buffer of more than $400 million, the company is well-positioned to accelerate exploration and production investments. The company’s net-debt-to-adjusted-EBITDA ratio has also declined to 1.2 as of June 2021.

It’s also worth noting that Hecla Mining has an attractive all-in-sustaining-cost for gold and silver. If precious metals trend higher, the company’s FCF is likely to swell further. Even at current levels of gold and silver, healthy cash flows are likely.

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Another important point to note is that between 2013 and 2020, the company’s silver reserves have surged by 250% to 188.4 million ounces. For the same period, gold reserves have increased by 645% to 2.4 million ounces. Clearly, with a healthy reserve life, the company is positioned for sustained growth.

Cheap Stocks: Cronos Group (CRON)

Source: Shutterstock

With a potential Federal-level legalization of cannabis on the horizon in the United States, the sector is appealing. According to estimates, the U.S. cannabis industry is expected to be worth $41 billion by 2026. Additionally, there are opportunities for growth in Canada and Europe.

In that context, CRON stock is worth considering. Its shares have remained almost sideways in 2021, and an upside seems inevitable from current levels around $6.60.

One factor that makes Cronos attractive is its wide portfolio of products. Currently, different brands focus on wellness, adult-use and CBD. The company is already present in the United States, Canada, Germany, Israel and Australia. These markets have the potential for high growth in the coming decade.

In the medicinal cannabis segment, Cronos has partnered with Technion to conduct pre-clinical research on skin treatments that use cannabinoids. A new, evidence-backed medicinal cannabis application can be a long-term game changer for the company.

For the first half of 2021, Cronos reported healthy revenue growth of 54% year-over-year (YOY) to $28.2 million. For the same period, the company reported an adjusted EBITDA loss of $86.3 million.

Cash burn is unlikely to be a continuing concern if the company’s growth accelerates further. Cronos has a robust cash buffer and the backing of Altria (NYSE:MO).

In another important development, PharmaCann seems to be planning a U.S. initial public offering (IPO) at a valuation of more than $1 billion. Cronos has a 10.5% stake in the company, which is focused on medicinal cannabis. There is potential for significant value creation from PharmaCann in the next few years.

Transocean (RIG)

Source: Shutterstock

Offshore rig service providers were among the worst hit when the pandemic drove oil prices lower. However, with Brent oil remaining firm above $70 per barrel, a gradual recovery is occurring in the sector.

RIG stock is one of the best cheap stocks from the offshore drilling sector. Its shares have already surged by 194% in the last 12 months, and further upside seems likely as order intake accelerates.

As of Q2 2021, Transocean reported an order backlog of $7.4 billion. The front-end loaded backlog ensures clear revenue visibility for the next 12 to 24 months. Additionally, order intake has been robust in the recent past. For example, the company won a $252 million contract for a newbuild ultra-deepwater drillship.

At the same time, as industry conditions improve, new orders are likely to deliver a higher EBITDA margin. For the first six months of 2021, Transocean reported operating cash flow (OCF) of $249 million.

It’s likely that OCF will improve further in the coming quarters. Transocean also has a cash buffer of $988 million and an undrawn credit facility of $1.3 billion. Therefore, the company’s credit metrics seem to be witnessing a gradual improvement.

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With a modern fleet and gradually improving industry conditions, Transocean is well-positioned for growth. RIG stock is an appealing buy at current levels around $3.67.

Cheap Stocks: Paysafe Limited (PSFE)

Source: Sulastri Sulastri / Shutterstock.com

In January 2021, PSFE stock touched a high of $19.57. However, the stock has subsequently been in correction mode. At current levels around $8.80, the stock seems ready for a reversal.

Even as PSFE shares trend lower, the digital wallet solutions provider has been on an acquisition spree. In August 2021, the company has made three acquisitions. The company’s latest purchase is Viafintech, which is likely to accelerate the company’s growth in Germany.

For the current year, Paysafe has guided for revenue of $1.54 billion and an adjusted EBITDA of $488 million. This would imply a healthy EBITDA margin of 32%.

Paysafe is also a proxy-play for the iGaming sector, which is growing at a healthy pace.

The company has a relatively high leverage. As of June 2021, the company reported a net-debt-to-adjusted-EBITDA ratio of 4.3. However, I don’t see this as a concern. Paysafe has been delivering strong profitability at operating level and debt servicing is likely to be smooth.

Another long-term growth driver for Paysafe is likely to be the cryptocurrency segment. The company already has its digital wallet live on 30 crypto exchanges with 37 cryptocurrencies available for trading. Overall, with a big addressable market and visibility for steady growth, PSFE stock is worth a buy.

Bitfarms (BITF)

Source: Shutterstock

As crypto is increasingly adopted and Bitcoin (CCC:BTC-USD) trends higher, investors can profit with BITF stock. In the last month, the stock has trended higher by 28% with room for more upside as the company aggressively expands.

Currently, Bitfarms has one of the largest mining operations in North America with 69 megawatts (MW) of built-out capacity. The company expects this to increase to 168 MW in 2021 and further to 210 MW in 2022. This positions Bitfarms for strong growth over the next few years.

For Q2 2021, it reported revenue of $36.7 million and an adjusted EBITDA of $23.8 million. As the number of Bitcoins mined increases on a quarter-to-quarter basis, the company is likely to have ample financial flexibility.

In August 2021, the company also announced an at-the-market offering. Bitfarms intends to raise $500 million through this move, which will further boost its liquidity position.

I also like that Bitfarms is gradually moving toward utilizing renewable energy for mining operations. As of May 2021, the company had mined 1,006 Bitcoins with hydroelectricity.

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Overall, BITF looks appealing at current levels around $5.95. I would not be surprised if the stock doubles within the next few quarters.

Cheap Stocks: Electrameccanica Vehicles (SOLO)

Source: Luis War / Shutterstock.com

SOLO stock looks like an interesting electric vehicle play, as Electrameccanica offers a unique product. The stock has underperformed, declining by 43% in the last six months. However, the stock has remained sideways recently; it seems the worst of the downside is over.

As an overview, Electrameccanica is the designer and manufacturer of a single-seat electric vehicle called the Solo. Currently, it has an asset-light model with manufacturing outsourced to Zongshen Industrial Group. Its annual production capacity is 20,000 Solos.

One of the differentiating factors for the company is a low base selling price of $18,500. Furthermore, micro-mobility options similar to the Solo are gaining traction.

The company has already established a retail presence in several locations in the United States. The coming quarters should be interesting in terms of sales growth.

It’s worth noting that in June 2021, Electrameccanica filed for a $750 million mixed securities shelf offering. This is likely to provide the company with liquidity for sales, marketing, product development and capacity expansion expenses.

On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.

Read More: Penny Stocks — How to Profit Without Getting Scammed

On the date of publication, Faisal Humayun did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modelling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.

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The post 7 Cheap Stocks to Buy Under $10 Right Now appeared first on InvestorPlace.

VANCOUVER, British Columbia, Sept. 01, 2021 (GLOBE NEWSWIRE) — Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) (“Endeavour”) is pleased to announce that it has completed the acquisition of the Bruner Property, located in Nye County, Nevada, from Canamex Gold Corp. (“Canamex”) (see news release dated July 19, 2021). Endeavour paid US$10 million in cash for 100% of the Bruner Gold Project which includes mineral claims, mining rights, property assets, water rights, and government authorizations and permits.

The Bruner Gold Project is an exploration and development stage project located approximately 180 kilometres (km) southeast of Reno, Nevada. Gold was originally discovered in the district in 1906 and saw intermittent historic mining between 1906 and 1998. Recent exploration activities by previous operators included mapping, drilling, geophysical surveys and sampling culminating in a mineral resource estimate in 2015 and a preliminary economic assessment in 2017 outlining a low capital cost, open pit, heap leach operation.

A historic resource estimate of 342,000 ounces of gold contained in 17.5 million tonnes (t) grading 0.61 grams per tonne (gpt) in three zones, Paymaster, HRA and Penelas was prepared for Canamex in a technical report dated January 22, 2018 titled “NI 43-101 Technical Report on the Bruner Gold Project, Updated Preliminary Economic Assessment, Nye County, Nevada, USA” by Welsh Hagen Associates. A Qualified Person has not done sufficient work for Endeavour to classify the historical estimate as a current mineral resource or mineral reserve. Endeavour is not treating the historical estimate as a current mineral resource or mineral reserve, has not verified the historical resource estimate and is not relying on it. Endeavour plans to “twin” certain drill holes and conduct a drilling program to upgrade the historical estimate as a current mineral resource. Activities in Q4, 2021 will focus on surface work and data compilation and in 2022, Endeavour anticipates recommencing exploration work on high priority targets.

Endeavour CEO Dan Dickson commented, “We are pleased to add an advanced precious metals property to our project pipeline. Bruner should be an accretive acquisition for our five-year strategic plan to become a premier senior silver producer, with potential for exploration discoveries, district acquisitions, near-term production, and organic growth.

“We will provide a formal market update in our 2022 annual guidance on our exploration plans for the Bruner project. Our exploration team will focus initially on verifying the historic resources, then turn its attention to the many exploration targets on the Bruner Property. We look forward to unlocking the full potential of the Bruner Property with the goal of building a new mining operation in another historic mining district in Nevada.

“In the short term, our attention is on the Terronera Project, as we are nearing the completion of the Feasibility Study and we look forward to releasing the results.”

Dale Mah, B.Sc., P.Geo., Endeavour's Vice President Corporate Development, is the Qualified Person who reviewed and approved this news release.

About Endeavour Silver – Endeavour Silver Corp. is a mid-tier precious metals mining company that owns and operates three high-grade, underground, silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project towards a development decision and exploring its portfolio of exploration and development projects in Mexico and Chile to facilitate its goal to become a premier senior silver producer. Our philosophy of corporate social integrity creates value for all stakeholders.

SOURCE Endeavour Silver Corp.

Contact Information
Galina Meleger, Vice President, Investor Relations
Toll free: (877) 685-9775
Tel: (604) 640-4804
Email: gmeleger@edrsilver.com
Website: www.edrsilver.com

Follow Endeavour Silver on Facebook, Twitter, Instagram and LinkedIn

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of the United States private securities litigation reform act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking statements concern the Company’s strategic plans for the Bruner Property, timing and completion of the Terronera Project Feasibility Study, timing and expectations for the Company’s exploration and drilling programs, estimates of mineralization from drilling, geological information projected from sampling results and the potential quantities and grades of the target zones. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; and the historical basis for current estimates of potential quantities and grades of target zones. The actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors including: the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data, and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

VANCOUVER, British Columbia, Aug. 31, 2021 (GLOBE NEWSWIRE) — Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to announce changes in its management team effective September 1, 2021.

Cesar E. Velasco, Country Head Peru, has been appointed Chief Operating Officer, Latin America. Cesar has been with Fortuna since 2018 and is the designated leader for the Fortuna-Roxgold integration. A skilled executive with 23 years of global experience in the mining and manufacturing industry, Cesar has held senior management positions in large private and public multinational companies throughout Latin America, including EXSA, ENAEX–EXSA JV, and Dyno Nobel Latin America. Cesar serves as a member of the board of the Sociedad Nacional de Minería, Petroleo y Energía since 2018 and of the International Society of Explosives Engineers since 2019.

Manuel Ruiz-Conejo, Vice President of Operations, will become Senior Vice President, Mining. Manuel has been with Fortuna since 2008 and is a seasoned mining engineer and executive with 34 years of industry experience.

Carlos Manrique, Director of Innovation and Operational Excellence, has been appointed Vice President Operations, Latin America. Carlos has been with Fortuna since 2010 and has held senior management positions at each of the company's three mines in the region. Carlos's mining career spans 21 years and includes previously holding operational positions in Volcan Compañía Minera and Pan American Silver.

Jorge A. Ganoza, President and CEO, commented, “The announced changes in Management are aligned with the organizational demands of our growing business in Latin America and the integration of Roxgold in West Africa.” Mr. Ganoza continued, “I am pleased the three positions have been filled by promotions from within our organization. The three executives are not only results-oriented professionals, but also leaders who will continue driving the vision and values of the company.”

About Fortuna Silver Mines Inc.

Fortuna Silver Mines Inc. is a Canadian precious metals mining company with four operating mines in Argentina, Burkina Faso, Mexico and Peru, and an advanced development project in Côte d’Ivoire. Sustainability is integral to all our operations and relationships. We produce gold and silver and generate shared value over the long-term for our shareholders and stakeholders through efficient production, environmental protection, and social responsibility. For more information, please visit our website.

ON BEHALF OF THE BOARD

Jorge A. Ganoza
President, CEO, and Director
Fortuna Silver Mines Inc.

Investor Relations:
Carlos Baca | info@fortunasilver.com

Vancouver, British Columbia–(Newsfile Corp. – August 31, 2021) – Aurcana Silver Corporation (TSXV: AUN) (OTCQX: AUNFF) (FSE: UHY0) provided an update on the restart activities at its Revenue-Virginius Mine in Colorado with initial development ore being processed. The 100% owned Revenue-Virginius Mine, located in southwestern Colorado about 5.5 miles southwest of the town of Ouray, is one of the company's two projects, the other being the 100% owned Shafter-Presidio Silver Project, located 21 miles northeast of Presidio, Texas. Both projects are fully permitted for production, with silver being the primary resource.

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On August 27th, the processing plant initiated commissioning with development ore, an important milestone in the restart of full operations, with stope ore to be processed in the near future. The company plans to continue to ramp up to the full production rate of 270 short tons per day during the month of September.

The company also reported that initial assay results from the 1800 drift level show an average undiluted grade over 78 feet of drift of 54.0 (33.9 diluted to a minimum mining width of 1.5 ft) ounces per ton silver equivalent per short ton. The actual measured vein width in this area is 1.19 feet as compared to the modeled vein width for the same 78 feet of 0.23 feet and an undiluted grade of 26.9 ounces (4.2 diluted to a minimum mining width of 1.5 ft) silver equivalent per short ton over the same drift section.

Assay data lags actual development and the company anticipates reporting additional assay results in the near future, with visual inspections each shift indicating this strong mineralization continues.

Concentrate shipments are anticipated to begin in the first half of September with Trafigura Trading LLC off-taking 100% of the concentrates. Trafigura will pay 95% of the contained metals value based on the mine site concentrate assays at the time of shipment, with final settlement based on smelter returns.

Kevin Drover, President and CEO, stated: "These additional assay results – 15 feet below the first mining stope – which confirm the mineralization is as we expected is the key data validation point we needed to confirm that we can be successful. Mining productivity at the face has been strong and we have some of the best miners in the business working for us. While some logistics issues related to movement of ore and waste in the same underground area slowed our initial development in opening up the production stopes, these short term delays are resolvable as the stope is opened to its full length. With this grade confirmation in hand, the processing plant now moving into commissioning, and with logistics improving rapidly as the first production stope expands both north and south, we are very confident of a successful restart."

The shares are trading at $0.80.

For more information, please visit the company's website www.aurcana.com or contact Kevin Drover, President & CEO, at 604-331-9333. For Investor Relations contact Gary Lindsey at 720-273-6224 or by email at gary@strata-star.com.

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VANCOUVER, BC / ACCESSWIRE / August 31, 2021 / CMC Metals Ltd. (TSX-V:CMB), (Frankfurt:ZM5N), (OTC PINKS:CMCZF); (the "Company") announces that spectacular soil geochemical results continue to validate and expand airborne geophysical targets at its flagship Silver Hart project in Yukon.

CMC has significantly extended previous soil geochemical surveys at Silver Hart as a part of validating targets identified by its property wide airborne SkyTEM geophysical survey completed earlier this year. The airborne survey identified eight new targets areas on the property (T1 to T8, see Figure 1). Initial results of soil geochemical surveys over T1 and T4 announced on August 25, 2020 were highly encouraging and a second round of test results has now produced spectacular results which are serving to further validate and extend the existing anomalies. Results in the remainder of these target areas and the six other target areas are pending.

As previously noted, existing mineralization in known mineralized veins in the Main Zone occur along northeasterly structures in an area characterized with low magnetic features, moderate conductivity, and in close proximity to the geological contact between volcanics of the Cassiar Batholith with overlying meta-sedimentary sequences including limestones and schists. In the Main Zone, these polymetallic veins are known to have strike extent up to 1.35 kilometers with above average grades of silver, lead, zinc with minor copper and gold.

The Company has now completed a detail statistical and spatial analysis of the soil results of the release of August 25 and the recent results (see summary). These combined results show that both T1 and T4 targets are northeasterly trending anomalies that possibly represent a series of parallel vein structures or a larger alteration system, but share typical characteristics and the geological setting associated with the known high grade silver-lead-zinc mineralization in the Main Zone. The geological setting of T1 and T4 is in close proximity to the important geological contact between the Cassiar Batholith and overlying sediments, with low magnetic and moderate conductivity geophysical signatures and viable targets identified in the 3-D modelling.

Kevin Brewer, P.Geo. President and CEO notes, "These are the most significant and strongest soil soil anomalies ever identified at Silver Hart. Having soil values of up to 526,000ppb (526 ppm) silver in the midst of a large anomalous area in T1 is significant and presents a great drill target for our future drill programs. These are clearly areas where we will want to further pinpoint targets through trenching and detailed modelling of our geophysical results and then proceed to investigate with drilling in 2022."

John Bossio, Chairman notes, "We are now at a pivotal stage at Silver Hart. Our efforts to increase the exploration footprint are clearly resulting in the identification of meaningful targets. We are becoming increasingly confident that resources can be significantly expanded at Silver Hart through future drilling efforts in these new exploration areas. It has taken a couple of years to reach this point and there is a lot of additional work to do within these areas and to evaluate what we already have identified."

Summary of the Statistical Analysis of Recent Soil Results

Key highlights from recent soil sampling are as follows:

Batch 1:

• From a total of 218 samples (see Press release of August 25, 2021), 93 were anomalous in silver with 14 samples in excess of 3,000 ppb ranging from 3,000-8,000 ppb, 45 samples in excess of 1,000 ppb ranging from 1000- 2999 ppb and 34 samples in excess of 500 ppb;

• One sample had an anomalous value of silver >5,000ppb;

• All anomalous silver samples were also anomalous in zinc, lead, iron and manganese;

• 54 samples were anomalous in Pb with values greater than 50 ppm and a highest value of 358 ppm; and

• 59 samples were anomalous in zinc with values greater than 200 ppm and a highest value of 2,019 ppm.

Batch 2:

• From a total of 281 samples (see Figures 1-3, attached), 174 were anomalous in silver with 35 samples in excess of 3,000 ppb ranging from 3,000ppb – 526ppm (526,000ppb) and two samples with 350,000ppb and 99,400ppb. In addition there were 89 samples in excess of 1,000 ppb ranging from 1000- 2999 ppb and 50 samples in excess of 500 ppb;

• Eight (8) samples had anomalous values of silver >5,000ppb;

• All anomalous silver samples were also anomalous in zinc, lead, iron and manganese;

• 77 samples were anomalous in Pb with values greater than 50 ppm and a highest value of 6089 ppm; and,

• 98 samples were anomalous in zinc with values greater than 200 ppm and a highest value of 3,702 ppm.

Combined testing batches (1 and 2):

• From a total of 499 samples, 267 were anomalous in silver with 49 samples in excess of 3,000 ppb ranging from 3,000ppb – 526ppm (526,000ppb) and another sample with 350,000ppb, 134 samples in excess of 1,000 ppb ranging from 1000- 2999 ppb and 84 samples in excess of 500 ppb;

• Nine (9) samples had anomalous values of silver >5,000ppb;

• All anomalous silver samples were also anomalous in zinc, lead, iron and manganese;

• 131 samples were anomalous in Pb with values greater than 50 ppm and a highest value of 6089 ppm;

• 157 samples were anomalous in zinc with values greater than 200 ppm and a highest value of 3,702 ppm;

Overall, The company concludes that the highly positive soil geochemical results over the Skytem airborne T1 and T4 targets demonstrates the validity of both targets that now merit further evaluation by trenching, 3-D modelling evaluation, and drilling. As previously noted, both of these targets also have the key factors associated with known mineralized areas at Silver Hart which include being proximal to the Cassiar Batholith-sediment contact, low magnetism, moderate conductivity, northeasterly trending anomalies, and viable targets in 3-D modelling.

T1 – Significant Anomalous Area Defined Extending Known Anomaly in the KW Zone.

A significant anomalous area 600 meters by 450 meters that is open to the north, northeast, and southwest has been identified in the northernmost part of the KW zone explored to date. Of particular interest is an area with three very high silver soil anomalies ranging from 99-526 g/t silver (extremely high values for soils) in a possible zone with dimensions of 400 meters in strike length by 150 meters in width.

The aforementioned anomaly, included with previous anomalies identified through soil/rock geochemical sampling and geophysical studies, has resulted in a significant anomalous area with a maximum strike length of approximately 1000 meters by 750 meters with a possible series of parallel northeasterly structures with widths in the range of 200-250 meters. These are thought to represent a series of possible northeasterly trending veins or a larger overall alteration system that is atypical of the known mineralized system in the Main Zone.

T4 – Significant Anomalous Area Defined Extending Known Anomaly in the South Zone

A significant anomalous area 700 meters by 400 meters that is open to the west, north and northeast has been identified in the northernmost portion of the South Zone.

The aforementioned anomaly combined with previous anomalies identified through soil/rock geochemical sampling and geophysical studies, has identified a significant anomalous area of strike length in excess of 2,500 meters by 150-300 meters in width with numerous anomalous soils that trend in a northeasterly direction (the typical direction of other vein structures at Silver Hart) in the South Zone. Like the T1 anomalies these are thought to represent a series of possible northeasterly trending veins or a larger overall alteration system that is atypical of the known mineralized system in the Main Zone.

Comment on Indicator Elements

Mineralized areas in the Main Zone at Silver Hart are associated with significant amounts of manganese and iron alteration. Manganese and iron coating is a prominent feature. The association of the silver, lead, zinc with manganese and iron in the soils is a positive indicator for potential mineralization.

Qualified Person

Kevin Brewer, a registered professional geoscientist in BC, Yukon and Newfoundland, is the Company's President and CEO, and Qualified Person (as defined by National Instrument 43-101). He has approved the technical information reported herein. The Company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying and all other technical data.

About CMC Metals Ltd.

CMC Metals Ltd. is a growth stage exploration company focused on opportunities for silver in Yukon and British Columbia and polymetallic deposits in Yukon and Newfoundland. Our silver-lead-zinc prospects include the Silver Hart Deposit and Blue Heaven claims (the "Silver Hart Project") and the recently acquired Rancheria South, Amy and Silverknife claims (the "Rancheria South Project"). Our polymetallic projects with potential for copper-silver-gold and other metals include Logjam (Yukon), Bridal Veil and Terra Nova (both in Newfoundland).

On behalf of the Board:

"John Bossio"___ _

John Bossio, Chairman

CMC METALS LTD.

For Further Information and Investor Inquiries:

Kevin Brewer, P. Geo., MBA, B.Sc Hons, Dip. Eng
President, CEO and Director
Tel: (604) 670 0019
kbrewer80@hotmail.com
Suite 110-175 Victory Ship Way
North Vancouver, BC
V7L 0B2

To be added to CMC's news distribution list, please send an email to info@cmcmetals.ca or contact Mr. Kevin Brewer.

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.

"This news release may contain certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. In this release disclosure regarding the potential to undertake future exploration work comprise forward looking statements. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects, to carry out the work and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, the impact of the constantly evolving COVID-19 pandemic crisis and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company's filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com.

Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and 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 expressly required by applicable securities legislation."

SOURCE: CMC Metals Ltd.

View source version on accesswire.com:
https://www.accesswire.com/662198/CMCs-Spectacular-Geochemical-Survey-Results-Continue-to-Validate-and-Expand-Airborne-Geophysical-Targets-At-Silver-Hart-Yukon

Vancouver, British Columbia–(Newsfile Corp. – August 30, 2021) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to announce that it has filed a National Instrument 43-101 ("NI 43-101") Technical Report titled "Metates Sulphide Heap Leach Project – Phase 1" with an effective date of August 30, 2021 (the "Technical Report"). The Technical Report is available for review on SEDAR (www.sedar.com) and the Company's website (www.chesapeakegold.com).

Project Update:

The Company has shipped the selected drill core samples from Metates to the lab in Vancouver to begin metallurgical testwork in September. The Company will prioritize the intrusive and intrusive breccia portions of the Metates orebody with results of the testwork to be released on an ongoing basis. First results are expected in early Q1 2022.

Alan Pangbourne, CEO of Chesapeake Gold, added, "To prepare for a large and extensive metallurgical testwork program on recently drilled core, the Company set up a procedural trial on previous Metates core that had been held in storage. The composite being tested was an intrusive ore sample crushed to a nominal size of P80 = 13 mm. The column photos of the ore show a distinct change in colour, from gray to yellow-brown as it oxidizes from the heap leach technology. We look forward to monitoring and proving the sulphide heap leach technology is a viable process alternative for Metates."

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About Chesapeake

Chesapeake Gold Corp. is focused on the discovery, acquisition, and development of major gold-silver deposits in North and South America. Chesapeake's flagship asset is the Metates project ("Metates") located in Durango State, Mexico. Metates hosts one of the largest undeveloped gold-silver-zinc deposits in the Americas with measured and indicated resources of 1,365 million tonnes grading 0.5 grams per tonne gold and 12.8 grams per tonne silver, representing over 20 million ounces of gold and 560 million ounces of silver.

Chesapeake also has developed an organic pipeline of satellite exploration properties strategically located near Metates. In addition, the Company owns 74% of Gunpoint Exploration Ltd. ("Gunpoint") which owns the Talapoosa gold project in Nevada.

For Further Information:

For more information on Chesapeake and its Metates Project, please visit our website at www.chesapeakegold.com or contact Randy Reifel or Alan Pangbourne at invest@chesapeakegold.com or +1-604-731-1094.

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

Forward-looking Statements

This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. These include, without limitation, statements with respect to: the economic and project parameters presented in the PEA, including IRR, AISC, NPV, and other costs and economic information, the strategic plans, timing and expectations for the Company's exploration and drilling programs at the Metates Property, including metallurgical testing, mineralization estimates and grades for drill intercepts, permitting for various work, and optimizing and updating the Company's resource model and preparing a pre-feasibility study; information with respect to high grade areas and size of veins projected from underground sampling results and drilling results; and the accessibility of future mining at the Metates Property. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: the reliability of mineralization estimates, the conditions in general economic and financial markets; availability and costs of mining equipment and skilled labour; timing and amount of expenditures related to drilling programs; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including: the timing and content of work programs; results of exploration activities; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94832

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Speaking of which, we noticed some great changes in Hochschild Mining's (LON:HOC) returns on capital, so let's have a look.

Return On Capital Employed (ROCE): What is it?

For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on Hochschild Mining is:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.18 = US$210m ÷ (US$1.4b – US$195m) (Based on the trailing twelve months to June 2021).

Thus, Hochschild Mining has an ROCE of 18%. That's a relatively normal return on capital, and it's around the 19% generated by the Metals and Mining industry.

See our latest analysis for Hochschild Mining

Above you can see how the current ROCE for Hochschild Mining compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company.

What The Trend Of ROCE Can Tell Us

Hochschild Mining is showing promise given that its ROCE is trending up and to the right. Looking at the data, we can see that even though capital employed in the business has remained relatively flat, the ROCE generated has risen by 170% over the last five years. So it's likely that the business is now reaping the full benefits of its past investments, since the capital employed hasn't changed considerably. It's worth looking deeper into this though because while it's great that the business is more efficient, it might also mean that going forward the areas to invest internally for the organic growth are lacking.

The Bottom Line On Hochschild Mining's ROCE

As discussed above, Hochschild Mining appears to be getting more proficient at generating returns since capital employed has remained flat but earnings (before interest and tax) are up. Given the stock has declined 38% in the last five years, this could be a good investment if the valuation and other metrics are also appealing. With that in mind, we believe the promising trends warrant this stock for further investigation.

Hochschild Mining does have some risks though, and we've spotted 3 warning signs for Hochschild Mining that you might be interested in.

If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

Drill Hole Locations

Proposed Drill hole location over CSAMT level showing resistivity (high=white / low=purple)

• Trucking Distance From Proposed Grassy Mountain Operation

WATCH VIDEO SUMMARY OF THE PRESS RELEASE

WINNEMUCCA, Nev., Aug. 30, 2021 (GLOBE NEWSWIRE) — Paramount Gold Nevada Corp. (NYSE American: PZG) ("Paramount” or “the Company”) announced today that it has initiated a drill program at the Frost project located 12 miles southwest of the Company’s high-grade Grassy Mountain gold project in Eastern Oregon. As previously announced, Paramount received all required permits from State and Federal authorities to drill its Frost property in April 2021.

Paramount President & COO Glen van Treek noted that the Frost property is a very close analog to the Grassy Mountain high grade deposit now in the final stages of permitting. “We are extremely excited to drill Frost. Discovering a deposit so close to our proposed mine would extend mine life and substantially improve overall project economics. We have carefully assembled a strong set of data confirming the key characteristics we would like to see in a drill target and the structures have the potential size to host a significant addition to reserves.”

Paramount plans to send samples for assaying to the ALS lab in Twin Falls, Idaho located approximately 200 miles from Grassy Mountain.

The first phase of drilling will be a 15-hole reverse circulation program of approximately 9,000 ft in total. The program is designed to test prospective targets related to interpreted silicification, and structures identified by the Paramount team based upon historic assays, field mapping and geophysical surveys (see drill hole location in maps below). Historic drilling completed in the early 1990’s intersected up to 25g/T of gold and 27g/T of silver.

Proposed Drill hole location over CSAMT level showing resistivity (high=white / low=purple)
https://www.globenewswire.com/NewsRoom/AttachmentNg/a548841b-23bc-4c24-ab04-d4b32bac88bf

The short 12-mile distance between Frost and Paramount’s proposed Grassy Mountain gold mine presents a significant opportunity for the Company to increase mine life as economic mineralized material would be trucked as mill feed to the Grassy processing facility. For additional details on the Frost Project see our press release of April 13, 2021.

NI 43-101 Disclosure

Exploration activities at Grassy Mountain are being conducted by Calico Resources USA Corp. personnel under the supervision of Michael McGinnis (CPG 10914) Project Manager and a Qualified Person under National Instrument 43-101, who has reviewed and approved this release. An ongoing quality control/quality assurance protocol is being employed for the program including blank, duplicate and reference standards in every batch of assays.

About Paramount Gold Nevada Corp.

Paramount Gold Nevada Corp. is a U.S. based precious metals exploration and development company. Paramount’s strategy is to create shareholder value through exploring and developing its mineral properties and to realize this value for its shareholders in three ways: by selling its assets to established producers; entering joint ventures with producers for construction and operation; or constructing and operating mines for its own account.

Paramount owns 100% of the Grassy Mountain Gold Project which consists of approximately 8,200 acres located on private and BLM land in Malheur County, Oregon. The Grassy Mountain Gold Project contains a gold-silver deposit (100% located on private land) for which results of a positive Feasibility Study have been released and key permitting milestones accomplished.

Frost is comprised of 84 unpatented lode claims covering approximately 1,730 acres located 12 miles southwest of the Company’s proposed high-grade, underground Grassy Mountain gold mine in Malheur County, Oregon (“Grassy”).

Paramount owns a 100% interest in the Sleeper Gold Project located in Northern Nevada, the world’s premier mining jurisdiction. The Sleeper Gold Project, which includes the former producing Sleeper mine, totals 2,322 unpatented mining claims (approximately 60 square miles or 15,500 hectares). The Sleeper gold project is host to a large gold deposit (over 4 million ounces of mineralized material) and the Company has completed and released a positive Preliminary Economic Assessment. With higher gold prices, Paramount has begun work to update and improve the economics of the Sleeper project.

Safe Harbor for Forward-Looking Statements

This release and related documents may include "forward-looking statements" and “forward-looking information” (collectively, “forward-looking statements”) pursuant to applicable United States and Canadian securities laws. Paramount’s future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable securities laws. Words such as "believes," "plans," "anticipates," "expects," "estimates" and similar expressions are intended to identify forward-looking statements, although these words may not be present in all forward-looking statements. Forward-looking statements included in this news release include, without limitation, statements with respect to the use of proceeds from the Offerings. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable. Assumptions have been made regarding, among other things: the conclusions made in the feasibility study for the Grassy Mountain Gold Project (the “FS”); the quantity and grade of resources included in resource estimates; the accuracy and achievability of projections included in the FS; Paramount’s ability to carry on exploration and development activities, including construction; the timely receipt of required approvals and permits; the price of silver, gold and other metals; prices for key mining supplies, including labor costs and consumables, remaining consistent with current expectations; work meeting expectations and being consistent with estimates and plant, equipment and processes operating as anticipated. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including, but not limited to: uncertainties involving interpretation of drilling results; environmental matters; the ability to obtain required permitting; equipment breakdown or disruptions; additional financing requirements; the completion of a definitive feasibility study for the Grassy Mountain Gold Project; discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs and between estimated and actual production; the global epidemics, pandemics, or other public health crises, including the novel coronavirus (COVID-19) global health pandemic, and the spread of other viruses or pathogens and the other factors described in Paramount’s disclosures as filed with the SEC and the Ontario, British Columbia and Alberta Securities Commissions.

Except as required by applicable law, Paramount disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this document.

Paramount Gold Nevada Corp.
Rachel Goldman, Chief Executive Officer
Christos Theodossiou, Director of Corporate Communications
866-481-2233
Twitter: @ParamountNV

TORONTO, Aug. 30, 2021 (GLOBE NEWSWIRE) — Churchill Resources Inc. (“Churchill” or the “Company”) (TSXV: CRI) is pleased to announce that is has entered into two option agreements on properties adjacent to the known Layden Ni-Cu-Co showings at the Taylor Brook Property, NL. The two properties were covered with the VTEM-Plus™ survey flown by Geotech for CRI at Taylor Brook earlier this year, and high priority anomalies were identified on both that are on-trend with the conductors which appear to be associated with the known mineralization.

Paul Sobie, CEO of Churchill stated, “We are very pleased to complete these deals which consolidate the Layden Ni-Cu-Co area along with the Altius claims and allow for seamless exploration. We’re in the permit application process presently to undertake a drill program this fall on all of the compelling VTEM conductors in this area, and are very much looking forward to commencing this work.”

Terms of Option Agreements

Under the terms of the agreement with the first optionor, Churchill optioned four contiguous claims covering a 1.0km² area under one mineral license. On execution of the agreement Churchill paid $7,500 and agreed to issue 43,772 common shares (“Churchill Shares”) within five days of receipt of regulatory approval for the agreement. Subsequent option payments over the next 24 months include:

Under the terms of the agreement with the second optionor, Churchill optioned 15 contiguous claims covering a 3.75km² area under one mineral license. On execution of the agreement Churchill paid $7,500 and agreed to issue 58,772 Churchill Shares within five days of receipt of regulatory approval for the agreement. Subsequent option payments over the next 24 months include:

On execution of each option agreement, Churchill granted to each of the vendors a 2.0% net smelter returns royalty on the respective properties, of which 1.0% may be purchased by the Company for $1.0 million.

Churchill may also satisfy $5,000 and $20,000 of the portion of the remaining cash payments for each option, respectively, by issuing Churchill Shares in lieu of such partial cash payment. The issue price for the Churchill Shares, as and when they are issued, shall be based on the five (5) day volume weighted average trading price of Churchill Shares on the TSX Venture Exchange (the “TSXV”) or on such other recognized stock exchange in Canada on which the Churchill Shares are then listed, based on the 10 days preceding the date of the election by Churchill to issue Churchill Shares in lieu of cash.

The option agreements, including the Churchill Shares issuable thereunder, are subject to the approval of the TSXV.

About Churchill Resources Inc.

Churchill is managed by career mining industry professionals which currently holds four exploration projects, namely Taylor Brook in Newfoundland, Florence Lake in Labrador, Pelly Bay in Nunavut and White River in Ontario. All projects are at the evaluation stage, with known mineralized Ni-Cu-Co showings at Taylor Brook, Florence Lake and Pelly Bay, and diamondiferous kimberlitic intrusives at White River and Pelly Bay. The primary focus of Churchill is on the continued exploration and development of the Taylor Brook and Florence Lake Nickel Projects.

Further Information

For further information regarding Churchill, please contact:

Churchill Resources Inc.
Paul Sobie, Chief Executive Officer
psobie@churchillresources.com
Tel. 416.365.0930 (o)
647.988.0930 (m)

Alec Rowlands, Consultant
Arowlands@churchillresources.com
Tel. 1 416 721 4732 (m)

Cautionary Note Regarding Forward Looking Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", “proposed”, "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate to, among other things, the Company’s future plans, objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s properties; receipt of the TSXV for the approval of the option agreements; receipt of all necessary regulatory and governmental approvals to conduct exploration on the Company’s properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future exploration plans and costs and financing availability.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the Company’s properties; the receipt of all applicable regulatory approvals for the Offering; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company’s properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; ongoing uncertainties relating to the COVID-19 pandemic; and those factors described in the most recently filed management’s discussion and analysis of the Company. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

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

VANCOUVER, British Columbia, Aug. 30, 2021 (GLOBE NEWSWIRE) — Sabina Gold & Silver Corp (SBB.T/SGSVF.OTCQX), (“Sabina” or the “Company”) is pleased to announce an initial debt agreement for project financing for its Goose Mine on its 100%-owned Back River Gold Project (“Back River” or the “Project”) in Nunavut, Canada

Project Financing Update

Sabina’s goal is to become a successful Canadian gold producer by advancing our 100% owned Back River Gold District in Nunavut, Canada. We plan to achieve this goal with a methodical phased approach to development of this belt that creates long lasting value for all our stakeholders. Our first mine on the district, the Goose Mine, is our current focus and we have worked hard to safely advance and de-risk the Project, while protecting our employees, the environment and the interests of the communities which are affected by our work. The Goose Mine is fully permitted, has obtained social license and the support of our Inuit landowners and is advanced with detailed engineering largely completed.

Currently the Company is pursuing a significant project debt facility on reasonable terms to fund the Project. The Company has engaged in discussions with several streaming companies, which after due diligence have submitted stream proposals. The Company is considering a proposal which if completed would reduce the equity requirements of project financing.

In order to fund critical path activities while these other financing opportunities are being advanced, the Company has obtained a US$20 million senior secured credit facility (the “CF”). The CF is a one-year facility that will accrue interest at a fixed rate of 5.25% with the principal and capitalized interest due in full any time before or on the earlier of the maturity date (September 27, 2022) and the closing date of certain non-equity financings. The CF has a minimum nine-months interest payable on termination.

“This initial US$20 million debt facility enables us to continue to fund our critical path activities while we pursue our full funding initiatives,” said Bruce McLeod, President & CEO. “All of the work completed and planned so far provides the basis for a more executable project construction period. We look forward to reporting progress on all fronts going forward.”

A variety of initiatives will be funded by the $20m CF including:

• Construction of 10 million litre bulk fuel storage tank and containment at Goose

• Procurement and delivery of bulk diesel fuel

• Construction of fuel transfer systems at the Goose and Port facility

• Continued earthworks activities at Goose site, including plant site rough grading

• Preparation for winter-ice-road construction and haulage in 2022

The project schedule has other critical path and long lead-time procurement items that would be required to maintain the timeline to production as contemplated in its Updated Feasibility Study. These items would require additional funding in the coming months. If this additional funding is not completed in Q4 2021, it is likely that these long lead time items would not be obtainable to meet the contemplated schedule. While this could mean a delay in the Project, pre-development activities completed and planned for the remainder of the year will significantly de-risk the Project construction period.

Qualified Persons

Mr. Vincy Benjamin, P. Eng., and Director of Engineering for Sabina, is a Qualified Person pursuant to National Instrument 43-101 and has reviewed and approved of the technical content of this press release as it relates to the Back River Project.

Sabina Gold & Silver Corp.

Sabina Gold & Silver Corp. is well-financed and is an emerging precious metals company with district scale, advanced, high grade gold assets in Nunavut, Canada.

Sabina recently filed an Updated Feasibility Study (the “UFS”) on its 100% owned Back River Gold Project which presents a project that will produce ~223,000 ounces of gold a year (first five years average of 287,000 ounces a year with peak production of 312,000 ounces in year three) for ~15 years with a rapid payback of 2.3 years, with a post-tax IRR of ~28% and NPV_5% of C$1.1B. See “National Instrument (NI) 43-101 Technical Report – 2021 Updated Feasibility Study for the Goose Project at the Back River Gold District, Nunavut, Canada” dated March 3, 2021.

The Project received its final major authorization on June 25, 2020 and is now in receipt of all major permits and authorizations for construction and operations.

In addition to Back River, Sabina also owns a significant silver royalty on Glencore’s Hackett River Project. The silver royalty on Hackett River’s silver production is comprised of 22.5% of the first 190 million ounces produced and 12.5% of all silver produced thereafter.

For further information please contact:

Nicole Hoeller, Vice-President, Communications: 1 888 648-4218
nhoeller@sabinagoldsilver.com

Forward Looking Information
This news release contains “forward-looking information” within the meaning of applicable securities laws (the “forward-looking statements”), including, but not limited to, statements related to the expected use of proceeds of the Offering and the projections and assumptions of the results of the UFS. These forward-looking statements are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events as at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements. Such factors and assumptions include, among others, the uncertainty of production, development plans and costs estimates for the Back River Gold Project; discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs; the interpretation of drill, metallurgical testing and other exploration results; the ability of the Company to retain its key management employees and skilled and experienced personnel; exploration, development and mining risks and the inherently dangerous nature of the mining industry, and the risk of inadequate insurance or inability to obtain insurance to cover these risks and other risks and uncertainties; property and mineral title risks including defective title to mineral claims or property; the effects of general economic conditions, commodity prices, changing foreign exchange rates and actions by government and regulatory authorities; and misjudgments in the course of preparing forward-looking statements. In addition, there are known and unknown risk factors which could cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Known risk factors include risks associated with exploration and project development; the need for additional financing; the calculation of mineral resources and reserves; operational risks associated with mining and mineral processing; fluctuations in metal prices; title matters; government regulation; obtaining and renewing necessary licenses and permits; environmental liability and insurance; reliance on key personnel; the potential for conflicts of interest among certain of our officers or directors; the absence of dividends; currency fluctuations; labour disputes; competition; dilution; the volatility of the our common share price and volume; future sales of shares by existing shareholders; and other risks and uncertainties, including those relating to the Back River Project and general risks associated with the mineral exploration and development industry described in our Annual Information Form, financial statements and MD&A for the fiscal period ended December 31, 2020 filed with the Canadian Securities Administrators and available at www.sedar.com. Although we have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking 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. We are under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.

Bruce McLeod, President & CEO
Suite 1800 – Two Bentall Centre
555 Burrard Street
Vancouver, BC V7X 1M7
Tel 604 998-4175 Fax 604 998-1051
http://www.sabinagoldsilver.com

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, Aug. 30, 2021 (GLOBE NEWSWIRE) — AURCANA SILVER CORPORATION ("Aurcana" or the "Company") (TSXV: AUN) is pleased to provide an update on the restart activities of the Company’s wholly owned Revenue Virginius Mine in Ouray, Colorado.

The Company is pleased to report that the processing plant initiated commissioning with development ore on Friday August 27, 2021. This is an important milestone in the restart of full operations, with stope ore to be processed in the near future. The Company plans to continue to ramp up to the full production rate of 270 short tons per day over the month of September.

The Company is also pleased to report that initial assay results from the 1800 drift level show an average undiluted grade over 78 feet of drift of 54.0 (33.9 diluted to a minimum mining width of 1.5 ft) ounces per ton silver equivalent (AgEq)¹ per short ton (ST). The actual measured vein width in this area is 1.19ft as compared to the modeled vein width for the same 78 feet of 0.23 feet and an undiluted grade of 26.9 (4.2 diluted to a minimum mining width of 1.5 ft) AgEq¹/ST over for the same drift section. Assay data lags actual development and the Company looks forward to reporting more assay results in the near future, but visual inspections each shift indicate that this strong mineralization continues.

Concentrate shipments are anticipated to begin in the first half of September. Trafigura Trading LLC is the off-taker for 100% of the concentrates and will pay 95% of the contained metals value based on the mine site concentrate assays at the time of shipment, with final settlement based on smelter returns.

Kevin Drover commented, “These additional assay results – 15 feet below the first mining stope – which confirm the mineralization is as we expected is the key data validation point we needed to confirm that we can be successful. Mining productivity at the face has been strong and we have some of the best miners in the business working for us. While some logistics issues related to movement of ore and waste in the same underground area slowed our initial development in opening up the production stopes, these short term delays are resolvable as the stope is opened to its full length. With this grade confirmation in hand, the processing plant now moving into commissioning, and with logistics improving rapidly as the first production stope expands both north and south, we are very confident of a successful restart.”

________________________________
¹ Silver equivalent is based on the 2Q 2021 average London prices of Ag US$26.6387/oz, Au US$1,805.04/oz,
Pb US$0.9568/lb and Zn US$1.3206/lb; includes payability and payment timing of the Trafigura offtake contract.

Qualified Person Statement

The scientific and technical content of this news release was reviewed and approved by Michael Gross, P. Geo, a “qualified person” within the meaning of NI 43-101

ABOUT AURCANA CORPORATION

Aurcana Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary resource at Shafter and Revenue-Virginius is silver. Both are fully permitted for production.

ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION

“Kevin Drover”
President & CEO

For further information, visit the website at www.aurcana.com or contact:

Aurcana Corporation
850 – 789 West Pender Street
Vancouver, BC V6C 1H2
Phone: (604) 331-9333

Gary Lindsey, Corporate Communications
Phone: (720)-273-6224
Email: gary@strata-star.com

CAUTIONARY NOTES

This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning, without limitation, statements relating to the Private Placement (including with respect to the timing of closing of the Private Placement). Although the Company believes that the expectations and assumptions on which the forward looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the receipt of regulatory or shareholder approvals, and risks related to the state of financial markets or future metals prices.

Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.

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.