Alamos Gold Inc. (TSX:AGI) (“Alamos” or the “Company”) reports financial results for the first quarter of 2011. The Company is also providing an update to its outlook for the remainder of 2011.
Minefinders Corporation Ltd. (TSX: MFL)(NYSE Amex: MFN) today reported its financial and operating results for the quarter ended March 31, 2011 and reiterated its production guidance for 2011.
VANCOUVER, May 4 /PRNewswire/ – New Gold Inc. (“New Gold”) (TSX: NGD)(NYSE AMEX: NGD) today announces financial and operational results for the first quarter of 2011, where the company combined increased gold production with the lowest total quarterly cash cost(1) in New Gold’s history. The company finished the first quarter with gold sales of 104,211 ounces at a total cash cost(1) per ounce sold, net of by-product sales, of $352 per ounce. The combination of growing gold production, significantly lower total cash cost(1) and continued strength in commodity prices resulted in solid financial results. During the quarter, earnings from mine operations increased by 119% to $80 million, net earnings increased by 85% to $25 million, or $0.06 per share, and cash flow from operations increased by 120% to $51 million.
May 4 (Bloomberg) — Glencore International AG, the commodities trader planning the year’s biggest initial public offering, said the share sale in London and Hong Kong this month may value the company at about $61 billion.
Vancouver, BC, May 4, 2011 – Grayd Resource Corporation (TSX V: GYD) (Grayd) is pleased to announce the appointment of Troy J. Fierro to the board of directors. Mr. Fierro is a successful mining engineer with over 25 years of industry experience. He has previously held executive positions with Fronteer Development Group Inc., Metallica Resources Inc., and Coeur dAlene Mines where he has overseen the development, construction or management of mines in Nevada, Mexico, Argentina, Chile, and Alaska.
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.
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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