http://www.proactiveinvestors.com Proactiveinvestors RSS feed en Sat, 24 Jun 2017 04:50:09 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com/companies/rns/170609grg7086h/ Fri, 09 Jun 2017 13:59:00 -0400 http://www.proactiveinvestors.com/companies/rns/170609grg7086h/ <![CDATA[RNS press release - Block listing Interim Review ]]> http://www.proactiveinvestors.com/companies/rns/170606grg2743h/ Tue, 06 Jun 2017 10:15:00 -0400 http://www.proactiveinvestors.com/companies/rns/170606grg2743h/ <![CDATA[RNS press release - Block listing Interim Review ]]> http://www.proactiveinvestors.com/companies/rns/170606grg2734h/ Tue, 06 Jun 2017 10:04:00 -0400 http://www.proactiveinvestors.com/companies/rns/170606grg2734h/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com/companies/rns/170606grg2628h/ Tue, 06 Jun 2017 09:32:00 -0400 http://www.proactiveinvestors.com/companies/rns/170606grg2628h/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com/companies/rns/170606grg2626h/ Tue, 06 Jun 2017 09:31:00 -0400 http://www.proactiveinvestors.com/companies/rns/170606grg2626h/ <![CDATA[News - Golden Arrow Resources shares up as it forms joint venture for its Chinchillas project ]]> http://www.proactiveinvestors.com/companies/news/178664/golden-arrow-resources-shares-up-as-it-forms-joint-venture-for-its-chinchillas-project-178664.html Golden Arrow Resources Corp (CVE:GRG) has completed its game-changing deal with Silver Standard Resources (TSE:SSO, NASDAQ:SSRI) and formed a joint venture called Puna Operations Inc.

Golden Arrow shares are up over 7.5% on Thursday in Toronto, to stand at 71 cents.

Puna combines the firm's Chinchillas project with Silver Standard's producing Pirquitas operation.

The latter will be the operator of the combined assets in the new joint venture, holding 75%, while Golden Arrow will have 25%.

Joseph Grosso, executive chairman chief executive officer of Golden Arrow, said: "We are looking forward to play any role that best supports our partnership in the merged assets."

Grosso has said the combination creates the eighth largest silver mine in the world with an 8-year mine life and output of 8.4 million silver equivalent ounces per year.

Golden Arrow might have been looking at years of financing and development to get its Chinchillas silver, lead , zinc site into production and throwing off cash, he said in April.

But with the combination, this has been short-circuited,  he suggested.

Subject to the permitting process, construction at Chinchillas is expected to begin during the third quarter this year with ore delivery to the Pirquitas mill expected in the second half of 2018.

"The permitting process continues to advance with positive support from the local communities and government authorities," Golden Arrow said.

The Chinchillas environmental and social impact assessment has been submitted to the Argentine regulatory authorities, and is in consultation.

Work is in progress with local communities on social programs and understanding of the Chinchillas project as it advances to production,  the group added.

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Thu, 01 Jun 2017 13:01:00 -0400 http://www.proactiveinvestors.com/companies/news/178664/golden-arrow-resources-shares-up-as-it-forms-joint-venture-for-its-chinchillas-project-178664.html
<![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com/companies/rns/170530grg5395g/ Tue, 30 May 2017 10:22:00 -0400 http://www.proactiveinvestors.com/companies/rns/170530grg5395g/ <![CDATA[News - Does Golden Arrow valuation reflect Silver Standard tie-up? poses Epstein ]]> http://www.proactiveinvestors.com/companies/news/178352/does-golden-arrow-valuation-reflect-silver-standard-tie-up-poses-epstein-178352.html How undervalued is Golden Arrow Resources Corp (CVE:GRG) and how come it hasn't attracted more investor appreciation?  These are questions posed by Peter Epstein in his latest research note.

The tie-up of its Chinchillas project with Silver Standard Resources Inc's (TSE:SSO, NASDAQ:SSRI) Pirquitas mine in Argentina was finally sealed at the end of March after an option period.

READ - Golden Arrow Resources' chief says Silver Standard combination marks step change for firm READ - Silver Standard boss says Golden Arrow tie-up provides good base metal by-products

Silver Standard will be the operator of the combined assets in a new joint venture, holding 75%, while Golden Arrow will have 25%.

Epstein notes that in this 18-month period, Silver Standard pumped in around US$16mln, plus a C$2mln option payment.

"Among other things, this capital paid for 24,000m of drilling, engineering studies and metallurgical test work, culminating in a pre-feasibility study (PFS). Overnight, Golden Arrow jumped from explorer to 25% owner of a producing mine and mill," he says.

Investors were underwhelmed, he suggests, by the PFS, which outlined an eight year Chinchillas project with a post-tax NPV (net present value) of US$178mln, of which, a 25% share would be US$ 44.5mln, or equal to about 60 Canadian cents a share.

He also points to possible uncertainty as to how management will fund Chinchillas’ estimated US$ 20.25mln  capital requirement over the next 18 months.

But Epstein answers this by saying that once the joint venture deal closes, Golden Arrow will have around C$27mln, or US$20mln of cash.

"On top of that, there’s an additional C$ 7mln from in-the-money options and warrants, plus an estimated C$ 11mln stretching out into mid-2018 from its share of cash flow from processing stockpiles at the Pirquitas mine," he suggests.

In terms of the pre-feasibility study, Epstein says there is a "substantial" amount of upside to the net present value, including from a potentially extended mine life and higher production.

The Pirquitas mill operated at an average of 5,175 tons per day (tpd) in the final quarter of 2016- 30% more than nameplate, so if this alone was replicated rather than at 4,000tpd in the PFS, the economics would increase by 40%, suggests Epstein.

Other upside could come from lower upfront and sustaining capital costs per unit, he adds.

Last month, Golden Arrow's chief executive Joseph Grosso said the joint venture was a  "classic win-win" with benefits to both parties.

"In one transaction, Golden Arrow has leapfrogged into producer status overnight and secured itself a substantial part of the residual production value (and immediate share of the revenues) at Pirquitas and brought much closer the pipeline value of Chinchillas, which would otherwise have been a long and expensive slog to production," he had said in a letter to shareholders.

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Thu, 25 May 2017 13:43:00 -0400 http://www.proactiveinvestors.com/companies/news/178352/does-golden-arrow-valuation-reflect-silver-standard-tie-up-poses-epstein-178352.html
<![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com/companies/rns/170523grg9799f/ Tue, 23 May 2017 11:57:00 -0400 http://www.proactiveinvestors.com/companies/rns/170523grg9799f/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com/companies/rns/170523grg9798f/ Tue, 23 May 2017 11:53:00 -0400 http://www.proactiveinvestors.com/companies/rns/170523grg9798f/ <![CDATA[RNS press release - Directorate Change ]]> http://www.proactiveinvestors.com/companies/rns/170522grg8186f/ Mon, 22 May 2017 10:11:00 -0400 http://www.proactiveinvestors.com/companies/rns/170522grg8186f/ <![CDATA[RNS press release - Result of AGM ]]> http://www.proactiveinvestors.com/companies/rns/170519grg7324f/ Fri, 19 May 2017 17:38:00 -0400 http://www.proactiveinvestors.com/companies/rns/170519grg7324f/ <![CDATA[RNS press release - Trading Update ]]> http://www.proactiveinvestors.com/companies/rns/170518grg4792f/ Thu, 18 May 2017 07:00:00 -0400 http://www.proactiveinvestors.com/companies/rns/170518grg4792f/ <![CDATA[RNS press release - NOTICE OF TRADING UPDATE ]]> http://www.proactiveinvestors.com/companies/rns/170504grg2095e/ Thu, 04 May 2017 12:12:00 -0400 http://www.proactiveinvestors.com/companies/rns/170504grg2095e/ <![CDATA[News - Golden Arrow Resources excited at potential of Antofalla project ]]> http://www.proactiveinvestors.com/companies/news/177177/golden-arrow-resources-excited-at-potential-of-antofalla-project-177177.html Golden Arrow Resources Corp (CVE:GRG) said it was excited by the results from its exploration program on the Antofalla silver-gold-base metal project in Catamarca Province, Argentina, which has identified several new “high-potential targets”.

Eye-catching was a channel sample grading 281 grams per tonne (g/t) of silver and 0.5% lead over 3.35 metres and another over eight-metres at 168 g/t of silver.

READ- Silver Standard boss says Golden Arrow tie-up provides good base metal by-products READ - Golden Arrow Resources hires mining veteran following Silver Standard joint venture

The mineralization was found 380-metres south-west of the Colorada target, where previous operators found high grade silver alongside lead and gold minerlization.

From the newly discovered Domos Norte target came rock chip samples grading 3.87 g/t gold, 146 g/t silver and 1% lead and 0.14 g/t gold, 4,404 g/t silver and greater than 30% lead. Also uncovered was 134 g/t silver over 0.80-metres in chip channel samples.

Strong geological similarities to Chinchillas...

The 8,760-hectare Antofalla Project has strong geologic similarities to the company's flagship Chinchillas silver project, which has a positive pre-feasibility study for development.

The four-kilometre by five-kilometre volcanic dome complex and alteration zone hosts several areas of known mineralization, but was underexplored by previous operators.

Since starting the program, the Golden Arrow’s geological team has carried out grassroots exploration across the property, which unearthed the latest encouraging results.

"Not since our first months at the Chinchillas project has the team been so excited about the potential for a significant discovery,” said Brian McEwen, the company’s vice-president of exploration and development.

The company said is continuing with the exploration effort, which will include:

Detailed mapping and sampling of targets In-depth stream sediment sampling Completion of the IP/Resistivity geophysical study And further reconnaissance to identify new targets

The company’s US$2mln exploration budget also includes 3,000 metres of drilling, which is planned for the second half.

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Tue, 02 May 2017 11:29:00 -0400 http://www.proactiveinvestors.com/companies/news/177177/golden-arrow-resources-excited-at-potential-of-antofalla-project-177177.html
<![CDATA[News - Golden Arrow Resources hires mining veteran following Silver Standard joint venture ]]> http://www.proactiveinvestors.com/companies/news/177103/golden-arrow-resources-hires-mining-veteran-following-silver-standard-joint-venture-177103.html A veteran mining engineer has been hired following the agreement of the joint venture between Golden Arrow Resources Corp and Silver Standard Resources (TSE:SSO).

As reported at the end of March, the combination of Golden Arrow's Chinchillas project with Silver Standard's Pirquitas mine is to go ahead.

READ - Golden Arrow Resources' chief says Silver Standard combination marks step change for firm READ - Silver Standard boss says Golden Arrow tie-up provides good base metal by-products

Golden Arrow is now forming a production work committee, which will include mining engineer Alf Hills, who will monitor the production procedure to comply with the joint venture conditions.

Golden Arrow chief executive Joseph Grosso told investors: "With a relatively short timeline to the pooling of assets as proposed by the joint venture we are very pleased to have put in place a veteran mining engineer to represent our interests as this moves forward and as Chinchillas goes into development mode."

Hills has over 35 years' international mine evaluation, development and operational experience and from 2006 to 2013, he was the CEO and a director of Kobex Minerals Inc.

His CV includes spells at Placer Dome group, where he was involved in developing CIM best practice guidelines for mineral resource and reserve estimates.

Brian McEwen will continue his role as the VP of exploration and development, while Nikolaos Cacos will be VP of Corporate Development, Golden Arrow said.

Initially, Hills will be an advising consultant to Golden Arrow before representing the firm on the board of the jv firm, that will be structured to hold Golden Arrow's Chinchillas project and the Pirquitas mining and processing facilities of Silver Standard Resources Inc.

Upon closing, expected on or before May 31, 2017, the joint venture will hold Chinchillas and Pirquitas owned 75/25 by Silver Standard and Golden Arrow.

Golden Arrow shares were unchanged at $0.64.

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Mon, 01 May 2017 12:43:00 -0400 http://www.proactiveinvestors.com/companies/news/177103/golden-arrow-resources-hires-mining-veteran-following-silver-standard-joint-venture-177103.html
<![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com/companies/rns/170419grg7764c/ Wed, 19 Apr 2017 16:39:00 -0400 http://www.proactiveinvestors.com/companies/rns/170419grg7764c/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com/companies/rns/170419grg7760c/ Wed, 19 Apr 2017 16:37:00 -0400 http://www.proactiveinvestors.com/companies/rns/170419grg7760c/ <![CDATA[News - Silver Standard boss says Golden Arrow tie-up provides good base metal by-products ]]> http://www.proactiveinvestors.com/companies/news/176474/silver-standard-boss-says-golden-arrow-tie-up-provides-good-base-metal-by-products-176474.html Chief executive of mining major Silver Standard Resources Inc (TSE:SSO) says exercising the option on Golden Arrow Resources' (CVE:GRG) Chinchillas project provides it with good by-products like lead and zinc and extends the life of its Pirquitas mine in Argentina by eight years.

READ - Golden Arrow Resources' chief says Silver Standard combination marks step change for firm READ - Golden Arrow and Silver Standard tie the knot

Speaking at the European Gold Forum, Paul Benson, said had the tie-up not happened, the Pirquitas operation would have closed in the first quarter of 2018.

Low capex required..

Small scale construction at low cost at Chinchillas around 40 km away will then enable ore to be trucked back to the Pirquitas processing plant, he explained.

As well as an average of 6.1mln ounces of silver a year, 35mln pounds of lead could be recovered and 12 mln pounds of zinc, which is "particularly scarce" at the moment, he said.

Benson highlighted that this was at all in sustaining costs (ASIC) of less than $10 per ounce, which showed "very good margins" considering silver is hovering around $18.50 at the moment.

First production earmarked for next year...

The Silver Standard boss said the project is now going through permitting, and he hoped to be in construction in the third quarter of this year, with first production around a year later.

The combination will create the eighth largest silver mine in the world with an 8-year mine life and output of 8.4 million silver equivalent ounces per year.

"In one transaction, Golden Arrow has leapfrogged into producer status overnight and secured itself a substantial part of the residual production value (and immediate share of the revenues) at Pirquitas and brought much closer the pipeline value of Chinchillas, which would otherwise have been a long and expensive slog to production," chief Joseph Grosso said in a letter to shareholders.

A pre-feasibility-study (PFS) put the  post-tax net present value, using a 5% discount rate and metal prices of US$19.50 an ounce silver, 95 cents per pound of lead and US$1 per pound of zinc, at US$178mln.

Shares in Golden Arrow eased 4% on the day to $0.71. Silver Standard shares lost 3.72% at $14.24.

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Mon, 17 Apr 2017 12:08:00 -0400 http://www.proactiveinvestors.com/companies/news/176474/silver-standard-boss-says-golden-arrow-tie-up-provides-good-base-metal-by-products-176474.html
<![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com/companies/rns/170413grg4798c/ Thu, 13 Apr 2017 12:29:00 -0400 http://www.proactiveinvestors.com/companies/rns/170413grg4798c/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com/companies/rns/170413grg4796c/ Thu, 13 Apr 2017 12:27:00 -0400 http://www.proactiveinvestors.com/companies/rns/170413grg4796c/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com/companies/rns/170413grg4794c/ Thu, 13 Apr 2017 12:26:00 -0400 http://www.proactiveinvestors.com/companies/rns/170413grg4794c/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com/companies/rns/170411grg2447c/ Tue, 11 Apr 2017 16:54:00 -0400 http://www.proactiveinvestors.com/companies/rns/170411grg2447c/ <![CDATA[News - Golden Arrow Resources' chief says Silver Standard combination marks step change for firm ]]> http://www.proactiveinvestors.com/companies/news/176303/golden-arrow-resources-chief-says-silver-standard-combination-marks-step-change-for-firm-176303.html Golden Arrow Resources Corp (CVE:GRG) chief Joseph Grosso has lauded his firm's Argentinian joint venture with Silver Standard Resources (TSE:SSO), saying it's a "classic win-win" with benefits to both parties.

"In one transaction, Golden Arrow has leapfrogged into producer status overnight and secured itself a substantial part of the residual production value (and immediate share of the revenues) at Pirquitas and brought much closer the pipeline value of Chinchillas, which would otherwise have been a long and expensive slog to production," he said in a letter to shareholders.

Eighth largest silver mine....

The combination creates the eighth largest silver mine in the world with an 8-year mine life and output of 8.4 million silver equivalent ounces per year.

Golden Arrow might have been looking at years of financing and development to get its Chinchillas silver, lead , zinc site into production and throwing off cash, said Grosso.

But with the combination of Silver Standard's Pirquitas' mine, this has been short-circuited, he suggested.

Golden Arrow shall have an immediate share of Pirquitas revenues, much lower capex requirements and, hopefully, first production from Chinchillas in the second half of 2018, he said.

On Friday, it was confirmed that the combination would go ahead.

Silver Standard to be operator..

Silver Standard will be operator of the combined assets, with a 75% stake in the joint venture, while Golden Arrow will have a 25% stake.

Grosso notes that putting Chinchillas into production alone would likely have cost Golden Arrow in the range of US$300mln to US$350mln.

In contrast, construction of the Chinchillas operation will begin in the third quarter of 2017 with a total capex of US$81mln.

Golden Arrow will receive around US$15mln as a 25% share of the Pirquitas earnings since October 1, 2015.

In addition, Golden Arrow will receive 25% of profits from the substantial stockpile at Pirquitas, which has an estimated value of  $45-million to $60-million which will continue to be processed until Chinchillas start trucking its ore to Pirquitas.

A positive pre-feasibility study, also published Friday, envisaged a satellite open pit mining operation at Chinchillas with ore processing undertaken using the existing mill and concentrator facility at Silver Standard's Pirquitas, around 42km west of Chinchillas.

The PFS forecasted average annual silver-equivalent production of 8.4mln ounces over an eight-year period with "robust operating margins”.

The post-tax net present value, using a 5% discount rate and metal prices of US$19.50 an ounce silver, 95 cents per pound of lead and US$1 per pound of zinc, was put at US$178mln.

Plenty of upside...

On the upside, noted Grosso, the existing resource is confined so far to only 40 hectares of a block of about 2,000 hectares.

Work will be carried out with a view to proving up resources to enable the creation of satellite pits, he said.

"That in turn would auger well for the extension of mine life significantly beyond the currently planned eight years."

Chinchillas currently hosts mineral reserves of 11.7 million tonnes containing 58 million ounces of silver at a grade of 154 g/t, 310 million pounds of lead at a grade of 1.2% and 127 million pounds of zinc at a grade of 0.49%.

Golden Arrow shares added 5.63% to stand at $0.75 each on the day.

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Tue, 11 Apr 2017 09:15:00 -0400 http://www.proactiveinvestors.com/companies/news/176303/golden-arrow-resources-chief-says-silver-standard-combination-marks-step-change-for-firm-176303.html
<![CDATA[RNS press release - Annual Financial Report ]]> http://www.proactiveinvestors.com/companies/rns/170405grg6457b/ Wed, 05 Apr 2017 08:42:00 -0400 http://www.proactiveinvestors.com/companies/rns/170405grg6457b/ <![CDATA[News - Golden Arrow publishes positive PFS for Chinchillas project ]]> http://www.proactiveinvestors.com/companies/news/175789/golden-arrow-publishes-positive-pfs-for-chinchillas-project-175789.html Golden Arrow Resources Corp (CVE:GRG) has released a positive pre-feasibility study (PFS) for the Chinchillas project joint venture with Silver Standard Resources Inc (TSE:SSO, NASDAQ:SSRI).

The release came on the day that Silver Standard exercised its option to opt into the project.

Read Golden Arrow and Silver Standard tie the knot

The pre-feasibility study envisages a satellite open pit mining operation at the Chinchillas project with ore processing undertaken using the existing mill and concentrator facility at Silver Standard's Pirquitas mine property, located some 42 kilometres west of Chinchillas.

The PFS project average annual silver-equivalent production of 8.4mln ounces over an eight-year period.

Golden Arrow highlighted “robust operating margins” based on cash costs of US$7.40 per payable ounce of silver sold over the life of the mine.

The post-tax net present value, using a 5% discount rate and metal prices of US$19.50 an ounce silver, 95 cents per pound of lead and US$1 per pound of zinc, was put at US$178mln.

The post-tax internal rate of return has been calculated at 29%.

The project's mineral reserves of 11.7mln tonnes comprised 58mln ounces of silver at a grade of 154 grams per tonne (g/t), 310mln pounds of lead at a grade of 0.90% and 386mln pounds of zinc at a grade of 0.60%.

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Fri, 31 Mar 2017 19:05:00 -0400 http://www.proactiveinvestors.com/companies/news/175789/golden-arrow-publishes-positive-pfs-for-chinchillas-project-175789.html
<![CDATA[News - Golden Arrow and Silver Standard tie the knot ]]> http://www.proactiveinvestors.com/companies/news/175773/golden-arrow-and-silver-standard-tie-the-knot-175773.html The combination of Golden Arrow Resources Corp's (CVE:GRG) Chinchillas project with Silver Standard Resources Inc's (TSE:SSO, NASDAQ:SSRI) Pirquitas mine is to go ahead.

After extending the deadline by a day Golden Arrow announced that Silver Standard had exercised its option on the Chinchillas project.

The two companies will form a joint venture to combine the Chinchillas project, which is in development, with the Pirquitas mine, which is in production.

Silver Standard will be the operator of the combined assets, with a 75% stake in the joint venture (JV); Golden Arrow will have a 25% stake,

“This is a landmark achievement for our company,” said Joseph Grosso, executive chairman, president and chief executive officer of Golden Arrow.

As Chinchillas makes the transition from an exploration discovery into a mining operation, “our shareholders stand to benefit from this profile and strengthened financial position,” Grosso said.

The deal has been a long time in the making, with the details of the proposed combination first published back in September 2015.

Grosso thanked shareholders for their patience.

Construction work on Chinchillas is slates to start in the third quarter of this year. Ore delivery to the mill should start in the second half of next year.

Subject to permitting and closing of the transaction, Silver Standard has approved the development decision on the Chinchillas project, Golden Arrow said.

The permitting process continues to advance with positive support from the local communities and government authorities, it added.

The Chinchillas Environmental and Social Impact Assessment has been prepared and submitted to the Argentine regulatory authorities, and is in the consultation process. Work is in progress with local communities on social programs and understanding of the Chinchillas project as it advances to production.

Earlier in the day the two companies agreed to extend the deadline by which Silver Standard could exercise its option by one day, which proved long enough to get it done.

Read Golden Arrow still working on Silver Standard merger

The Pirquitas mine is located in the Province of Jujuy, northern Argentina.

It is positioned at an elevation of 4,100 meters above sea level and is accessible by all-weather roads.

The mine achieved commercial production on December 1, 2009.

It is an open-pit mine using a fleet of 100-tonne trucks and three loading units. Ore is crushed and treated in a gravity pre-concentrator prior to processing in a conventional mineral flotation plant. The silver concentrate produced from the plant is shipped to third party smelters.

Golden Arrow holds a 100% interest in the Chinchillas project, which hosts a resource of 100 million ounces of silver / 155 million ounces silver equivalent (AgEq) in the measured & indicated categories, and 44 million ounces silver /90 million ounces AgEq in the Inferred category.

Chinchillas has near-surface mineralization providing the potential for an open-pit mining scenario, plus conventional metallurgy that has shown high recoveries of silver lead and zinc to concentrates in bench-scale testing.

Shares in Golden Arrow surged 22.9% to C$0.86 on the news. Silver Standard rose 1.8% t0 C$14.12.

 

---More to follow--- 

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Fri, 31 Mar 2017 15:24:00 -0400 http://www.proactiveinvestors.com/companies/news/175773/golden-arrow-and-silver-standard-tie-the-knot-175773.html
<![CDATA[RNS press release - Directorate Change ]]> http://www.proactiveinvestors.com/companies/rns/170327grg6401a/ Mon, 27 Mar 2017 14:22:00 -0400 http://www.proactiveinvestors.com/companies/rns/170327grg6401a/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com/companies/rns/170327grg6087a/ Mon, 27 Mar 2017 10:32:00 -0400 http://www.proactiveinvestors.com/companies/rns/170327grg6087a/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com/companies/rns/170327grg6080a/ Mon, 27 Mar 2017 10:29:00 -0400 http://www.proactiveinvestors.com/companies/rns/170327grg6080a/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com/companies/rns/170327grg6079a/ Mon, 27 Mar 2017 10:27:00 -0400 http://www.proactiveinvestors.com/companies/rns/170327grg6079a/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com/companies/rns/170316grg6760z/ Thu, 16 Mar 2017 10:09:00 -0400 http://www.proactiveinvestors.com/companies/rns/170316grg6760z/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com/companies/rns/170309grg0735z/ Thu, 09 Mar 2017 16:58:00 -0500 http://www.proactiveinvestors.com/companies/rns/170309grg0735z/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com/companies/rns/170306grg6510y/ Mon, 06 Mar 2017 15:06:00 -0500 http://www.proactiveinvestors.com/companies/rns/170306grg6510y/ <![CDATA[News - Golden Arrow still working on Silver Standard merger ]]> http://www.proactiveinvestors.com/companies/news/174244/golden-arrow-still-working-on-silver-standard-merger-174244.html Golden Arrow Resources Corp (CVE:GRG) on Friday said that as an 18-month deadline for a merger agreement with Silver Standard Resources (NASDAQ:SSRI) expires at the end of the month, the option remained open.

Silver Standard shares were 2.5% higher at $10.49 on Friday, while Golden Arrow’s advanced by 6.4% to C$0.67.

The option dates back to October 2015 and will expire on March 30.

"The option agreement with Silver Standard Resources for the combination of Golden Arrow's Chinchillas project with Silver Standard's Pirquitas mine is still in progress. We await Silver Standard's decision,” said Golden Arrow’s executive chairman, president and chief executive officer, Joseph Grosso.

“We are appreciative for the professional and transparent technical co-operation between Silver Standard and Golden Arrow, which has allowed the advancement of our Chinchillas deposit to this advanced mine planning and prefeasibility stage. Golden Arrow is committed to the business combination agreement and we look forward to fully achieving a final resolve by March 30.”

He added that “The Grosso Group has had a successful track record in Argentina since 1993. We believe that Argentina, where mining is still relatively new, is becoming a better place for mining companies. We have worked hard and diligently to establish the mutual trust and co-operation with the provinces in which we operate as well as any affected mining communities. We plan to continue bringing our experience, technology and capital and deploy these resources within the 2.78 million square kilometres of Argentina.

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Fri, 03 Mar 2017 15:49:00 -0500 http://www.proactiveinvestors.com/companies/news/174244/golden-arrow-still-working-on-silver-standard-merger-174244.html
<![CDATA[RNS press release - Preliminary Results ]]> http://www.proactiveinvestors.com/companies/rns/170228grg9896x/ Tue, 28 Feb 2017 07:00:00 -0500 http://www.proactiveinvestors.com/companies/rns/170228grg9896x/ <![CDATA[News - Golden Arrow Resources could become the silver major in Argentina, says analyst ]]> http://www.proactiveinvestors.com/companies/news/173342/golden-arrow-resources-could-become-the-silver-major-in-argentina-says-analyst-173342.html Research house Hallgarten & Company has started coverage on Argentina-focused mining play Golden Arrow Resources Corp (CVE:GRG) with a long position and a 12 month price target of C$1.45.

The current share price in Toronto is C$0.82 by way of comparison.

It could become the silver major in Argentina if its combination with Silver Standard goes ahead, reckons analyst Christopher Ecclestone.

Golden Arrow, which is the main vehicle of the Grosso Group - a pioneer in Argentinian mining - struck a business combination agreement with Silver Standard in late 2015 to jointly develop the the former's Chinchillas project and "an agreement to combine the producing Pirquitas Mine and the Chinchillas project, located approximately 35 kilometres apart in Jujuy Province of Argentina, into a single new operation".

The ultimate goal of is to form a Newco, to be managed by Silver Standard, that shall be owned  75% by Silver Standard and 25% by a new entity to be owned by the existing shareholders of Golden Arrow.

Chinchillas hosts a resource of 100 million ounces of silver in the higher confidence measured and  indicated categories and 44 million ounces silver /90 million ounces of silver equivalent in inferred.

Ecclestone, however, says it's vital to note that in light of what he calls a "storming" zinc price, this resource dates from April last year and the metals prices used for the  silver equivalent calculation were - silver at $19 an ounce, lead at $1per pound and zinc at $1 per pound.

"Zinc is nearly 30% higher now while silver is around 15% lower," he says. 

Chinchillas has a measured and indicated zinc component of 401million pounds with a further 548 million pounds in inferred category.

"This is the type of stuff that gets our pulse racing."

The analyst suggests the question is whether Silver Standard “sold too early” in engineering this combination."We think not," he says.

"Production is over the hill at Pirquitas and its best chance of extending its own mine’s life and gleaning extra value out processing infrastructure at the mine is this combination."

At Pirquitas, he says, without an extra source of feedstock, a decision on whether to shut it would need to be made in the next two months.

"The obvious solution is to ramp up Chinchillas and start sending a stream of Silver (and Zinc) ore in the direction of Silver Standard’s processing facilities at Pirquitas.

We are constantly asked where the next big Zinc mine is coming from and have hitherto been saying Chesapeake’s Metates project or shrugging our shoulders.

"However with the silver and zinc planets aligning in Jujuy, the combined operation of Pirquitas and Chinchillas adds a major dark horse in the race to production," says Ecclestone.

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Fri, 17 Feb 2017 09:40:00 -0500 http://www.proactiveinvestors.com/companies/news/173342/golden-arrow-resources-could-become-the-silver-major-in-argentina-says-analyst-173342.html
<![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com/companies/rns/170208grg3257w/ Wed, 08 Feb 2017 08:30:00 -0500 http://www.proactiveinvestors.com/companies/rns/170208grg3257w/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com/companies/rns/170206grg1626w/ Mon, 06 Feb 2017 17:28:00 -0500 http://www.proactiveinvestors.com/companies/rns/170206grg1626w/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com/companies/rns/170123grg8347u/ Mon, 23 Jan 2017 09:37:00 -0500 http://www.proactiveinvestors.com/companies/rns/170123grg8347u/ <![CDATA[RNS press release - Trading Update ]]> http://www.proactiveinvestors.com/companies/rns/170117grg2960u/ Tue, 17 Jan 2017 07:00:00 -0500 http://www.proactiveinvestors.com/companies/rns/170117grg2960u/ <![CDATA[News - Golden Arrow Resources Corp targeting mining riches in Argentina ]]> http://www.proactiveinvestors.com/companies/news/171151/golden-arrow-resources-corp-targeting-mining-riches-in-argentina-171151.html Argentina-focused Golden Arrow Resources Corp (CVE:GRG) had much to celebrate in 2016 and the progress looks set to continue this year.

Shares in the metals explorer surged as much as 600% in the year and its market cap expanded to around $75mln from around $13mln at the start of 2016.

Chinchillas was a big growth driver

A big driver of growth was progress at the firm's Chinchillas Silver deposit in Jujuy province, which it is steadily advancing towards production.

Pre-development has been funded by fellow mining group Silver Standard Resources Inc, with which it is a strategic partner to consider creating a combined mining firm with  Silver Standard's Pirquitas mine - just 35 km from Chinchilla.

Golden Arrow would be a 25% owner.

Chinchillas hosts a resource of 100 million ounces of silver in the higher confidence measured and  indicated categories and 44 million ounces silver /90 million ounces of silver equivalent in inferred.

Two drills have been working to complete detailed geomechanical and hydrogeological programs in and around the designed open pit.

In September, the firm posted drilling results from a phase VI programme, which  included grades between 23 and 367 grams per tonne silver as well as lead and zinc. The programme consisted of 21 holes and there is potential to expand the current resource.

2016  saw extensive work

Just before the Christmas break the firm outlined the extensive work last year: "As of the end of September, 2016, Silver Standard has invested around $11mln to advance the project toward prefeasibility.

"In 2016, work completed included a phase VI drill program, an upgraded resource estimate, metallurgical studies, engineering studies, environmental monitoring and community relations programs. the environmental report, which is the major mine permit application, was submitted to the authorities in September."

Next on then cards for Chinchillas would be a development decision.

Antofalla also in the frame

In October, Golden Arrow started a C$2mln work programme on the Antofalla silver-gold-base metal project after it signed an option  agreement for the project in July last year.

The deal is for a 100% earn-in option on 8,760 hectares with payments over  five years and low 1% NSR (net smelter royalty). Historical drilling results include 18 metres  at 128 g/t silver, 0.23 g/t gold and 0.88% lead in historic drilling.

The work includes remote sensing, IP/Resistivity geophysics, and geochemical sampling to establish targets that will be tested with an estimated 3km drill programme.

Also in Argentina, the firm aims to identify further precious and base metal projects with the potential for world class discovery.

A specialist in Argentina

Golden Arrow is a member of the Grosso Group, which which has been a pioneer in the Argentine mining industry since 1993 when the country opened to foreign investment.

Before Chinchillas, the Group had two major discoveries under their belt – the Navidad Silver deposit now held by Pan American Silver and the Gualcamayo deposit which is now with Yamana (TSX: YRI)(NYSE: AUY).

Vice president of exploration Brian McEwen has told an interview it's an exciting time for the group.

"With the Silver Standard deal at Chinchillas we are positioned to move from explorer to producer in a very short time frame, and in the meantime we are continuing work on other projects to make our next big discovery – so stayed tuned!"

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Wed, 04 Jan 2017 05:37:00 -0500 http://www.proactiveinvestors.com/companies/news/171151/golden-arrow-resources-corp-targeting-mining-riches-in-argentina-171151.html
<![CDATA[News - Golden Arrow Resources targeting mining riches in Argentina ]]> http://www.proactiveinvestors.com/companies/news/171150/golden-arrow-resources-targeting-mining-riches-in-argentina-171150.html Argentina-focused Golden Arrow Resources Corp (CVE:GRG) had much to celebrate in 2016 and the progress looks set to continue this year.

Shares in the metals explorer surged as much as 600% in the year and its market cap expanded to around $75mln from around $13mln at the start of 2016.

Chinchillas was a big growth driver

A big driver of growth was progress at the firm's Chinchillas Silver deposit in Jujuy province, which it is steadily advancing towards production.

Pre-development has been funded by fellow mining group Silver Standard Resources Inc, with which it is a strategic partner to consider creating a combined mining firm with  Silver Standard's Pirquitas mine - just 35 km from Chinchilla.

Golden Arrow would be a 25% owner.

Chinchillas hosts a resource of 100 million ounces of silver in the higher confidence measured and  indicated categories and 44 million ounces silver /90 million ounces of silver equivalent in inferred.

Two drills have been working to complete detailed geomechanical and hydrogeological programs in and around the designed open pit.

In September, the firm posted drilling results from a phase VI programme, which  included grades between 23 and 367 grams per tonne silver as well as lead and zinc. The programme consisted of 21 holes and there is potential to expand the current resource.

2016 saw extensive work

Just before the Christmas break the firm outlined the extensive work last year: "As of the end of September, 2016, Silver Standard has invested around $11mln to advance the project toward prefeasibility.

"In 2016, work completed included a phase VI drill program, an upgraded resource estimate, metallurgical studies, engineering studies, environmental monitoring and community relations programs. the environmental report, which is the major mine permit application, was submitted to the authorities in September."

Next on then cards for Chinchillas would be a development decision.

Antofalla also in the frame

In October, Golden Arrow started a C$2mln work programme on the Antofalla silver-gold-base metal project after it signed an option  agreement for the project in July last year.

The deal is for a 100% earn-in option on 8,760 hectares with payments over  five years and low 1% NSR (net smelter royalty). Historical drilling results include 18 metres  at 128 g/t silver, 0.23 g/t gold and 0.88% lead in historic drilling.

The work includes remote sensing, IP/Resistivity geophysics, and geochemical sampling to establish targets that will be tested with an estimated 3km drill programme.

Also in Argentina, the firm aims to identify further precious and base metal projects with the potential for world class discovery.

A specialist in Argentina

Golden Arrow is a member of the Grosso Group, which has been a pioneer in the Argentine mining industry since 1993 when the country opened to foreign investment.

Before Chinchillas, the Group had two major discoveries under their belt – the Navidad Silver deposit now held by Pan American Silver and the Gualcamayo deposit which is now with Yamana (TSX: YRI)(NYSE: AUY).

Vice president of exploration Brian McEwen has told an interview it's an exciting time for the group.

"With the Silver Standard deal at Chinchillas we are positioned to move from explorer to producer in a very short time frame, and in the meantime we are continuing work on other projects to make our next big discovery – so stayed tuned!"

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Wed, 04 Jan 2017 05:27:00 -0500 http://www.proactiveinvestors.com/companies/news/171150/golden-arrow-resources-targeting-mining-riches-in-argentina-171150.html
<![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com/companies/rns/161221grg4738s/ Wed, 21 Dec 2016 09:39:00 -0500 http://www.proactiveinvestors.com/companies/rns/161221grg4738s/ <![CDATA[News - Golden Arrow continues exploration work at Chinchillas – chairman’s update ]]> http://www.proactiveinvestors.com/companies/news/170751/golden-arrow-continues-exploration-work-at-chinchillas-chairmans-update-170751.html Golden Arrow Resources Corp’s (CVE:GRG) chairman, president and chief executive officer Joseph Grosso provided an end of year update for investors on Tuesday.

“As the holiday season is upon us and a new year is just around the corner, we take this opportunity to provide you with an update on our exploration and development activities in 2016, particularly the progress of the option agreement with Silver Standard Resources for the combination of Golden Arrow's Chinchillas project and Silver Standard's Pirquitas mine.

“As of the end of September, 2016, Silver Standard has invested approximately $11mln to advance the project toward prefeasibility. In 2016, work completed included a phase VI drill program, an upgraded resource estimate, metallurgical studies, engineering studies, environmental monitoring and community relations programs. the environmental report, which is the major mine permit application, was submitted to the authorities in September.

Currently at Chinchillas, there are two drills working to complete detailed geomechanical and hydrogeological programs in and around the designed open pit by mid-December. Exploration work is also continuing both at Chinchillas and regionally to delineate additional potential ore feed for the proposed operation.

The work at Chinchillas has progressed on budget and on time. Golden Arrow ends the year on several additional very positive notes:

The company's market visibility has noticeably increased this year. This has resulted in a very desirable daily trading volume varying from 500,000 shares to 800,000 shares per day, including in Canada, the United States and Europe. The share price has also performed well, showing as much as a 600% increase during the year and bringing the market capitalization of the company from approximately $13mln at the beginning of the year to nearly $75mln today. The company has approximately $8mln cash on hand, plus eight million unexercised warrants which could be materialized into approximately $5mln. The company has started preliminary work on its latest project, Antofalla, in Catamarca province.” ]]>
Tue, 20 Dec 2016 12:15:00 -0500 http://www.proactiveinvestors.com/companies/news/170751/golden-arrow-continues-exploration-work-at-chinchillas-chairmans-update-170751.html
<![CDATA[RNS press release - Block listing Interim Review ]]> http://www.proactiveinvestors.com/companies/rns/161206grg0854r/ Tue, 06 Dec 2016 10:13:00 -0500 http://www.proactiveinvestors.com/companies/rns/161206grg0854r/ <![CDATA[RNS press release - Block listing Interim Review ]]> http://www.proactiveinvestors.com/companies/rns/161206grg0849r/ Tue, 06 Dec 2016 10:10:00 -0500 http://www.proactiveinvestors.com/companies/rns/161206grg0849r/ <![CDATA[News - Golden Arrow assets double, losses sharply cut ]]> http://www.proactiveinvestors.com/companies/news/169775/golden-arrow-assets-double-losses-sharply-cut-169775.html Golden Arrow Resources Corp (CVE:GRG) recorded a doubling of assets in the nine months to Sept 30 as well as a as well as a one-third drop in losses.

Total assets were C$11.2mln on Sept 30 versus C$5.88mln at the end of 2015.

Meanwhile the comprehensive loss fell to C$4.8mln in the nine months ended Sept 30 from C$6.5mln in the same period a year earlier.

During the first nine months of this year, the Company received the third milestone payment in marketable securities valued at C$517,058. For fiscal 2015, the Company received C$973,273 for completing certain milestones during the Preliminary Period in relation to pre-development activities at the Chinchillas project.

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Wed, 30 Nov 2016 10:36:00 -0500 http://www.proactiveinvestors.com/companies/news/169775/golden-arrow-assets-double-losses-sharply-cut-169775.html
<![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com/companies/rns/161130grg5472q/ Wed, 30 Nov 2016 10:05:00 -0500 http://www.proactiveinvestors.com/companies/rns/161130grg5472q/ <![CDATA[RNS press release - Notice of Trading Update ]]> http://www.proactiveinvestors.com/companies/rns/161128grg3298q/ Mon, 28 Nov 2016 14:06:00 -0500 http://www.proactiveinvestors.com/companies/rns/161128grg3298q/