AuRico Completes Acquisition of Kiska Metals

AuRico Metals has closed on the previously announced plan to acquire the outstanding share of Kiska Metals Corp. that it did not already own. Kiska is now a wholly owned subsidiary of AuRico. Kiska's royalty portfolio consists of six existing royalties including royalties on the East Timmins and Boulevard properties operated by Kirkland Lake Gold and Independence Gold, respectively. In addition, Kiska’s six wholly owned exploration projects present organic royalty creation opportunities. All assets are located in North America and are expected to further enhance AuRico’s existing high quality royalty pipeline.

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Gahcho Kué Receives PDAC Award

The Gahcho Kué mine received its third major award Tuesday, March 7, at the Prospectors and Developers Association of Canada (PDAC). It was presented the Viola R. MacMillan Award during the PDAC Awards Gala for demonstrating leadership in management and financing for the exploration and development of mineral resources. It was accepted by Allan Rodel, general manager, Gahcho Kué mine, on behalf of De Beers Canada, and Patrick Evans, CEO of Mountain Province Diamonds.

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New Mining Reforms in Brazil

The Brazilian government hopes to implement new mining laws to reform the mining industry in the country. The reform package will be presented to the Brazilian Congress later this month or early April, and would go into effect about 110 days later, said the Minister of Mines Fernando Coelho Filho.

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Americas Silver Acquires Option on San Felipe in Mexico

Americas Silver Corp. has entered into an agreement with Impulsora Minera Santacruz S.A. de C.V., a wholly owned subsidiary of Santacruz Silver Mining Ltd., to acquire the San Felipe option agreement between Impulsora and Minera Hochschild Mexico S.A. de C.V. Americas Silver will have the right to acquire a 100% interest in the San Felipe property located in Sonora, Mexico, for total consideration of $15 million in cash, payable in two staged payments. 

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