AXMIF - Axmin Inc. (Gold Royalty)

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  1. Chairman Lucy Yan Provides AXMIN's Year End 2018 Financial Results
    Vancouver, British Columbia--(Newsfile Corp. - April 29, 2019) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") AXMIN releases highlights from its Annual Report for the year ended December 31, 2018, which has been filed on SEDAR (amounts are in U.S. dollars).

    2018 highlights


    • Revenue of $1.5 million (2017: $1.6 million);
    • Net Income of $1.5 million (2017: $1.2 million);
    • Shareholder Equity $0.9 million (2017: deficit $1.2 million)
    • Cash balance of $1.0 million (2017: $1.1 million);

    Senegal with Teranga Gold Corporation (Teranga)

    • NSR royalty from Teranga for the Gora Deposit was largely unchanged at $1.5 million from $1.6 million the previous year.
    • Work at Gora is now completed, but as of December 2018 there was remaining ore in stockpile to be processed by Teranga.
    • AXMIN holds an additional 16 properties in conjunction with Teranga subject to future development with no further capital participation contribution required from AXMIN.
    • AXMIN staff are in discussions with Teranga regarding progress on developing other properties in which AXMIN has an interest.
    The Central African Republic (CAR)

    • AXMIN is delighted with the progress made in the Central African Republic to establish a lasting peace that will bring stability and development to the country. The Company is looking forward to being back on site and working at its Passendro gold asset near Ndassima in the near future.
    • AXMIN has appointed Mr Lifei Jiang as CEO of the two subsidiary companies of AXMIN in the CAR in preparation for our imminent return to operations. Mr Jiang benefits from a great deal of experience in mining and construction projects in Africa. He has worked for and with large Chinese state-owned enterprises and is very familiar with the laws and regulations in our jurisdiction.
    Commenting on the annual results, Ms. Lucy Yan AXMIN's chairman, said:

    "During the past year AXMIN has made excellent progress on many fronts. Internally, we have resolved a long-standing account payable and now benefit from a clean balance sheet with positive Shareholder Equity. We are pleased with the revenue we have received from the Gora deposit in conjunction with Teranga and look forward to future target properties being developed.

    "In the CAR, we have seen positive steps taken by all of the stakeholders in the CAR with active support from international organizations such as the African Union and the United Nations as well as the neighboring countries to the CAR. We look forward to a continuation of this trend and a security solution to be implemented in Ndassima.

    "In my report in January, I presented the way forward for AXMIN in 2019 building on the strong results in 2018. I am happy to confirm that we are on track to deliver the key milestones highlighted in my report. The appointment of Mr Jiang as CEO of Somio Toungou S.A and of Aurafrique SARL is a key development that will enable our successful development of the Passendro gold asset. We have also already identified and commenced dialog with several potential strategic partners to assist with developing our assets before even commencing the formal selection process.

    "Also, as I stated in my January report the Company will be more communicative with the market going forward. AXMIN looks forward to updating its shareholders and the financial markets as a whole with operational developments in the CAR in the near future."

    This press release should be read in conjunction with the Company's audited annual report and accounts for the year ended December 31, 2018, together with its annual information form and management's discussion and analysis for the year ended December 31, 2018, all of which are available from the Company's website and on SEDAR.

    We seek Safe Harbor.

    About AXMIN

    AXMIN is a Canadian exploration and development company with a strong focus on central and West Africa. AXMIN is positioned to grow in value as it progresses its Passendro Gold Project towards development and builds on its project pipeline focusing on transitioning from an explorer to producer. For more information regarding AXMIN visit our website at Please follow us on Facebook

    This press release includes certain "Forward-Looking Statements." All statements, other than statements of historical fact included herein, including without limitation, statements regarding future plans and objectives of AXMIN; and statements regarding the ability to develop and achieve production at Passendro are forward-looking statements that involve various risks and uncertainties.

    There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from AXMIN's expectations have been disclosed under the heading "Risk Factors" and elsewhere in AXMIN's documents filed from time-to-time with the TSX Venture Exchange and other regulatory authorities. AXMIN disclaims any intention or obligation to update or revise any forward-looking statements whether resulting from new information, future events or otherwise, except as required by applicable law.

    Neither 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.

    Lucy Yan
    CEO and Chairman

    General Enquiries

    David de Jongh Weill
    Chief Financial Officer and Corporate Secretary

    +65 9781 8281

    Investor Relations
  2. AXM receives $500K USD payment from TGZ for Q1 2019 Royalty (From TGZ results today)

    TGZ Financials Page 9: Includes royalties to Axmin Inc. on account of their 1.5 percent net smelter royalty on the Gora deposit. During the three months ended March 31, 2019, the Company incurred $0.5 million of Axmin royalties (2018: $0.5 million).
  3. IMF Staff Completes Mission to the Central African Republic

    IMF Staff Completes Mission to the Central African Republic
    May 3, 2019

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF's Executive Board for discussion and decision.
    • The recent peace agreement is a unique opportunity to improve the Central African Republic’s (C.A.R.) security and create the conditions for sustained and inclusive growth, poverty reduction, and job creation.
    • Good progress was made in discussions with the authorities on economic and financial policies that could support completion of the sixth and final program review.
    • C.A.R.’s macroeconomic performance remains favorable with increasing economic growth and contained inflation.
    An International Monetary Fund (IMF) team, led by Mr. Édouard Martin, visited Bangui from April 24 through May 3, 2019 to conduct discussions for the sixth and final review of the Central African Republic’s economic reform program supported by an Extended Credit Facility (ECF). The team met with President Touadéra, President of the National Assembly Ngon-Baba, Minister of Finance Dondra, Minister of Economy Moloua, National Director of the BEAC Chaibou, and other senior government officials. The team also met with parliamentarians and representatives of the business and donor communities.

    At the end of the visit, Mr. Martin issued the following statement:

    “The peace agreement signed on February 6, 2019 by the government and representatives of 14 armed groups represents a unique opportunity to improve the Central African Republic’s (C.A.R.) security situation and create the conditions for sustained and inclusive growth, poverty reduction, and job creation.

    “C.A.R.’s macroeconomic performance remains favorable. Economic growth is estimated at around 4 percent in 2018 and is projected to reach 4½ percent in 2019. Inflation was subdued at 1.6 percent in 2018 and is expected to remain contained. The current account deficit (excluding grants) would decline from about 12 percent in 2018 to around 11 percent in 2019. The banking sector remains well capitalized and liquid, with the share of
    non-performing loans decreasing significantly thanks to the repayment of commercial arrears by the government. Risks to the outlook remain significant, relating on the downside to the volatile security environment and rising oil prices and on the upside to the implementation of the peace agreement.

    “The implementation of the ECF-supported program—which will expire on July 19, 2019, as initially envisaged—is broadly on track. Program performance at end-December 2018 is satisfactory overall: all quantitative performance criteria were met, except for the domestic primary deficit, reflecting higher-than-expected current spending, and the repayment of domestic arrears, which was slightly delayed. Domestic revenue in the first quarter of 2019 was lower than expected, owing mainly to the forced closure in March of the main road from Cameroon and delays in the transfer on budget of the parafiscal taxes collected by public agencies. Most structural reforms have also been implemented, except for the elimination of parafiscal taxes without economic justification, which will require more time than initially estimated, and the submission to parliament of the draft law on public agencies, expected in the coming days.

    “The Central African authorities and the IMF team made good progress in discussions on a set of economic and financial policies needed for the completion of the sixth and final review under the ECF. Discussions focused on the parameters of a revised budget for 2019—to be submitted to parliament before mid-June—with a view to optimize the use of the additional budget support provided by international partners to help sustainably meet the new priority spending needs generated by the peace agreement. Additional measures to improve and sustain revenue mobilization—including strengthening imports and export valuation—are also key to meeting these needs.

    “The team urged the authorities to accelerate the integration of parafiscal taxes in the treasury single account and the implementation of the planed elimination of taxes and fees with no economic justification to support private sector development. The authorities are also encouraged to continue the strengthening of public expenditure management, to promote transparency and good governance. The authorities requested an IMF governance diagnostic mission and confirmed their commitment to limit borrowing—including concessional loans—to safeguard debt sustainability.

    “The team thanks the authorities for their warm hospitality, cooperation, and constructive discussions."

    IMF Communications Department


    PHONE: +1 202 623-7100EMAIL: MEDIA@IMF.ORG
  4. Axmin begins formal process to choose Passendro partner

    2019-05-06 05:50 MT - News Release

    Ms. Lucy Yan reports


    Axmin Inc. is commencing a formal process for the selection of a strategic partner (or partners).

    With the improving security and stability in the Central African Republic (CAR), AXMIN is now moving forward into a selection process for the development of the Passendro asset.

    Potential Strategic Partners should:Be large multinational corporations that have experience with large scale construction, mining and infrastructure development in Africa.Be capable of dealing with in country logistics and liaising with various security services.Have an established track record of delivering projects on time and on budget.Enjoy an impeccable record for health, safety and environmental protection. Be sensitive to AXMIN's strict focus and adherence to Corporate Social Responsibility.

    Commenting on the commencement of the formal process, Ms. Lucy Yan AXMIN's chairman, said:

    'We are delighted to now commence the formal selection process for a Strategic Partner or more broadly a team of Strategic Partners. As we have communicated before, AXMIN is already in discussions with several potential candidates; but as we now have clarity on returning to work on our asset in the CAR, it is appropriate to broaden this process and facilitate an open playing field for this development opportunity.'

    Interested parties should contact AXMIN's CFO, Mr. David Weill at to progress the requisite documentation for access to the Company's online dataroom and be included in the process.

    About AXMIN

    AXMIN is a Canadian exploration and development company with a strong focus on central and West Africa. AXMIN is positioned to grow in value as it progresses its Passendro Gold Project towards development and builds on its project pipeline focusing on transitioning from an explorer to a producer. For more information regarding AXMIN visit our website at Please follow us on Facebook

    We seek Safe Harbor.
  5. Axmin Inc. Performance Chart From 2007 To 2019
  6. Central African Republic: Ten armed groups provide list of their members for the peace process

    BANGUI, May 17 (Xinhua) - Three months after the signing of a peace agreement between the Central African State and the 14 armed groups active on the territory, ten of them have handed the list of their members on Friday. likely to be eligible for the peace process in the Central African Republic (CAR), found on Friday in Bangui a Xinhua correspondent.

    This took place at the 17th Ordinary Session of the Advisory and Follow-up Committee of the National Program for Disarmament, Demobilization, Reintegration and Repatriation (DDRR).

    From now on, almost a thousand ex-combatants are on the list of eligible candidates for the DDRR program, either by integrating the Central African Armed Forces (FACA) or by choosing a socio-economic activity for which they will have to be trained and then provided. in installation kits in the field of their choice.

    In a response to the press, DDRR Minister Noël-Bienvenu Sélesson said lists of members of armed groups are essential for planning DDRR activities. The latter were officially launched by Central African President Faustin-Archange Touadéra from the Central African city of Paoua (extreme north-west) last December.

    Mr. Sélesson also added that the lists are necessary for the constitution of the special mixed security units (USMS), recommended by the peace agreement and to regroup the regular forces that are the FACA, the policemen and gendarmes, as well as some ex-combatants rebel groups.
  7. Axmin Inc updates on Facebook are very positive regarding the Central African Republic

    FACA(CAR forces) have entered an area north of where Axmin's gold deposit is for the first time in 5 years, as stated by the CAR government facebook page. This means it's highly likely that they have secured the Ndassima region or at the very least will be headed there shortly.

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