Day: February 24, 2011

Hecla Reports 2010 Record Operating Cash Flow of $198 Million and Updates Basin Litigation

Hecla Mining Company (“Hecla”) (NYSE:HL) today announced record operating cash flow of $197.8 million, net income applicable to common shareholders of $35.4 million, or $0.14 per basic share, and adjusted net income applicable to common shareholders of $82.6 million1 or $0.33 per basic share for the year. Full year silver production was 10.6 million ounces at a total cash cost of negative $1.46 per ounce, net of by-products.2

Hecla Announces Increased Silver Reserves & Resources and Provides Exploration Update

COEUR D’ALENE, Idaho–(BUSINESS WIRE)–Hecla Mining Company (“Hecla”)(NYSE:HL) today reported silver reserves and resources as at December 31, 2010 of 142 million ounces and 248 million ounces respectively, the highest in the company’s history. Hecla is also pleased to provide an exploration update on its four large silver districts.

Primero posts Q4 profit, sees April/May US listing

TORONTO (miningweekly.com) – Junior Primero Mining posted a profit in the fourth quarter, after revenues increased significantly, and plans to list in the US in the coming months, CEO Joseph Conway said on Thursday.

Yamana Gold Declares Quarterly Dividend

YAMANA GOLD INC. today announced its first quarter 2011 dividend of US$0.03 per share. Shareholders of record at the close of business on Thursday, March 31, 2011 will be entitled to receive payment of this dividend on Thursday, April 14, 2011. The dividend is an “eligible dividend” for Canadian tax purposes.

Linear Metals Announces Completion of Private Placement

Linear Metals Corporation is pleased to announce that it has closed its previously announced non-brokered private placement consisting of 3,333,333 common shares priced at $0.30 per share, for total gross proceeds of $1,000,000. There were no warrants issued in connection with the private placement.

Newmont Mining shines in Q4 on soaring gold prices

Greenwood Village-based Newmont (NYSE: NEM), the largest U.S. gold producer and the second-largest in the world, Thursday posted attributable net income for the most recent quarter of $812 million, or $1.61 a share, up from $558 million, or $1.13 a share, in the final quarter of 2009.

Agnico-Eagle Mines Stock To Go Ex-dividend Tomorrow (AEM)

NEW YORK (TheStreet) — The ex-dividend date for Agnico-Eagle Mines (NYSE:AEM) is tomorrow, February 25, 2011. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $71.94 as of 9:31 a.m. ET, the dividend yield is 0.9%.

US Gold Announces the Closing of Public Offering of Common Stock and Underwriters Exercise Over-Allotment Option

US GOLD CORPORATION an exploration company focused on gold and silver in the United States and Mexico, announced today the closing of its previously announced underwritten offering in the United States and Canada. The company sold 17,250,000 shares of common stock, including 2,250,000 shares pursuant to the underwriters’ full exercise of their over-allotment option at $6.50 per share for aggregate gross proceeds of $112.12 million, or net proceeds of $105.3 million after commissions and expenses.

High Desert Gold Corporation Joins the OTCQX in the U.S.

High Desert Gold Corporation is pleased to announce that the Company’s common shares have commenced trading on the OTCQX, the top tier of the broker-dealer quotation services operated by OTC Markets Inc., using the ticker symbol, HDGCF. HDG’s common shares continue to trade on the TSX.V under the symbol, HDG.

Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.