Month: November 2011

Dia Bras Reports Another Record Production and Financial Results in the Third Quarter 2011 and Declares Commercial Production at Bolivar Mine

TORONTO, ONTARIO, Nov 30, 2011 (MARKETWIRE via COMTEX) — Dia Bras Exploration Inc. (“Dia Bras” or the “Company”) is pleased to present the Company’s third quarter 2011 Financial Statements and Management’s Discussion & Analysis as well as the beginning of commercial production at Bolivar. All currency in this release is in thousands of Canadian dollars unless otherwise indicated. The Company’s financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”). For a full explanation of results and mining statistics, please visit the Company’s website at www.diabras.com or on SEDAR at www.sedar.com .

Elgin Mining Announces Closing of Private Placement Financing

VANCOUVER, Nov. 29, 2011 /CNW/ – Elgin Mining Inc. (“Elgin Mining”) (TSX-V: ELG) is pleased to advise the completion of the previously announced flow-through private placement (see News Release No . 2011-12 dated November 7, 2011). The Company has issued 6,428,571 flow-through common shares (the “Flow-Through Shares”) at a price of $1.40 per Flow-Through Share for aggregate gross proceeds of $9 million (the “Offering”).

Red Tiger Mining (formerly Zaruma Resources Inc.) Reports Third Quarter 2011 Results

Toronto, Ontario, Canada. Red Tiger Mining Inc., (TSXV:RMN), (the “Company” or “Red Tiger”) today reported that the quarterly unaudited Consolidated Financial Statements and Management’s Discussion and Analysis report for the nine and three months ended September 30, 2011 have been filed on SEDAR, The Company’s new website is currently under construction.

SilverCrest Reports $5.1 Million Third Quarter Cash Flow from Operations

SilverCrest Mines Inc. is pleased to announce strong positive cash flow, earnings and operating results for its third quarter ended September 30, 2011, being the second quarter of commercial production at its Santa Elena Mine in Sonora, Mexico. This press release should be read in conjunction with the Company’s Management Discussion & Analysis, Condensed Consolidated Interim Financial Statements and Notes to Financial Statements for the nine month period ended September 30, 2011, available on the Company’s website at www.silvercrestmines.com and on SEDAR at www.sedar.com . All monetary figures are expressed in United States dollars unless otherwise specified.

Aurcana Announces Closing of Private Placement Financing

Aurcana Corporation (“Aurcana” or the “Company”) is pleased to announce that, further to the press release of November 15, 2011, it has completed its private placement financing. The private placement offering (the “Offering”) of units (“Units”) was conducted through a syndicate of agents led by RBC Capital Markets and included, BMO Capital Markets, Dundee Securities Ltd. and Stonecap Securities Inc. (the “Agents”). Pursuant to the Offering, Aurcana sold an aggregate 52,853,000 Units at a price of $0.65 per Unit for aggregate gross proceeds of approximately C$34.4 million.

Source Appoints Jesus Castro Mora as Consultant

Source Exploration Corp. announced today that it has appointed Mr. Jesus Castro Mora, M.Sc., of Mexico City as a geological consultant to the company to assist the Corporation with identifying and evaluating high potential precious metals properties in Mexico.

Guerrero Announces First Closing of Financing

VANCOUVER, BRITISH COLUMBIA, Nov 25, 2011 (MARKETWIRE via COMTEX) — Guerrero Exploration Inc. (“Guerrero” or the “Corporation”) (tsx venture:GEX) announces that it has completed the first closing of its previously announced private placement financing. The Corporation issued 4,787,831 ($718,174.65) units at $0.15 per unit, with each unit consisting of one common share and one common share purchase warrant. Each warrant is exercisable for 12 months from closing at an exercise price of $0.30 per common share, subject to acceleration in the event the Corporation disseminates a press release advising that its shares have traded on the TSX Venture Exchange at a price per share greater than $0.60 for 10 consecutive trading days (including days where no shares are actually traded), in which case the warrants shall expire, without further notice, on the 31st day following the issuance of the press release. Notwithstanding the foregoing, in no event shall the Corporation be entitled to issue such a press release within four months of the date of closing. The Corporation plans to use the proceeds from this financing for general working capital and exploration. Northern Securities Inc., Haywood Securities Inc., Canaccord Genuity Corp. and Macquarie Private Wealth Inc. participated as finders in the financing. Guerrero paid finders’ fees of $50,258 and issued 335,053 finders’ warrants, each of which will entitle the holder to subscribe for one additional unit at the issue price for a period of one year from closing.

Paget Minerals Appoints Zacharias and Allman as CFO & Corporate Secretary

Vancouver, British Columbia — November 24, 2011, Paget Minerals Corp. (“Paget”- TSX-V: PGS), (“Paget” or the “Company”) today announced the appointment of Bernie Zacharias as Chief Financial Officer and David Allman as Corporate Secretary of Paget Minerals Corp. effective December 1, 2011.

AuRico Gold Inc. Issues Fundamental Change Notice and Offer to Purchase to Holders of Its 3.50% Convertible Senior Notes due 2016

TORONTO, November 23, 2011 /PRNewswire via COMTEX/ — AuRico Gold Inc., (“AuRico”, or the “Company”) AuRico Gold Inc. today notified holders of its 3.50% Convertible Senior Notes due 2016 (the “Notes”) that a Fundamental Change (as defined in the Indenture (as defined below) under the indenture, dated as of October 15, 2010, as supplemented by the first supplemental indenture, dated as of October 5, 2010, and the second supplemental indenture, dated as of October 26, 2011 (collectively, the “Indenture”) has occurred and offered to purchase (the “Offer to Purchase”) from each holder (the “Holder”) of the Notes any or all of such Holder’s outstanding Notes on December 23, 2011 or a later date if AuRico elects to extend the Offer to Purchase (the “Fundamental Change Purchase Date”). The purchase price (the “Fundamental Change Purchase Price”) for Notes validly surrendered and not validly withdrawn will be US$1,000 in cash per US$1,000 principal amount of the Notes, plus accrued and unpaid interest, if any, to, but excluding, the Fundamental Change Purchase Date.

Pala invests in Mercator Minerals Ltd.

TORONTO, Nov. 23, 2011 /CNW/ – Pala Investments Holdings Limited (“PIHL”) announced today that on June 22, 2011, PIHL acquired ownership of 4,354,500 common shares of Mercator Minerals Ltd. (“Mercator”) in connection with the acquisition by Mercator of Creston Moly Corp. (“Creston”) by way of plan of arrangement (the “Arrangement”). In addition, on November 21, 2011 PIHL purchased units (“Units”) of Mercator by way of private placement. Each Unit consists of one common share and one quarter of a common share purchase warrant (each a “Warrant”). PIHL acquired 1,143,014 Units comprising 1,143,014 common shares and 285,753.50 Warrants. Collectively between the two transactions, PIHL acquired ownership of 5,497,514 common shares representing approximately 2.12% of the 258,782,175 issued and outstanding common shares of Mercator, as known by PIHL, on a non-diluted basis.

Agnico-Eagle Offer for Grayd Expires; Agnico-Eagle acquires 94.77%

Agnico-Eagle Mines Limited (AEM.TO) and Grayd Resource Corporation (GYD.V) announced that 91,228,900 common shares of Grayd, representing approximately 94.77% of the outstanding Shares on a fully-diluted basis, have been validly deposited pursuant to the offer made by Agnico-Eagle to acquire all of the issued and outstanding Shares. All conditions of the Offer have been satisfied and the Offer has now expired and will not be extended. Agnico-Eagle has taken up all deposited Shares and will pay for such deposited Shares not later than November 23, 2011.

Mercator Minerals Announces $20 Million Non Brokered Financing

Mercator Minerals Ltd. today announced that it has arranged a non-brokered private placement with purchasers to purchase 11,428,572 units at a purchase price of $1.75 per Unit for aggregate gross proceeds of $20 million. The sale of the Units under the Offering has been fully allocated to a limited number of accredited purchasers, and is subject to necessary regulatory approvals and the execution and delivery of customary documentation.

Torex Receives $83 Million From Warrant Exercises

TORONTO, Ontario, November 16, 2011 – Torex Gold Resources Inc. (“Torex” or the “Company”) (TSX:TXG) is pleased to announce that 63.9 million common share purchase warrants have been exercised into an equivalent number of common shares of the Company at a price of $1.30 per share, for total proceeds to the Company of $83 million. Of this total, three million warrants were exercised before July 31, 2011.

MAG Silver Reports Third Quarter Financial Results

Vancouver, B.C. MAG Silver Corp. (TSX: MAG; NYSE-A: MVG) (“MAG” or the “Company”) announces the Company’s unaudited financial results for the three and nine months ended September 30, 2011. For complete details of the third quarter unaudited Condensed Interim Consolidated Financial Statements and related Management’s Discussion and Analysis, please see the Company’s filings on SEDAR (www.sedar.com) or on EDGAR (www.sec.gov). All amounts herein are reported in Canadian dollars unless otherwise specified.

Silvermex Resources Increases Production and Revenues in Third Quarter of 2011

VANCOUVER, BRITISH COLUMBIA, Nov 14, 2011 (MARKETWIRE via COMTEX) — Silvermex Resources Inc. (“Silvermex”) reported today its unaudited financial results for the quarter ended September 30, 2011. The La Guitarra Mine, located in the Temascaltepec mining district of Mexico, has achieved the maximum capacity of its current mill design. Having achieved its objective for 2011 of reaching full mill capacity, the Company will now focus on conducting advanced exploration programs with the objective of expanding production.

Great Panther Silver Reports Revenues Increaseby 46% to $16.3 Million, Earnings from Mining Operations Increase by 78% to $8.3 Million in Third Quarter of 2011

Great Panther Silver Limited announces the financial results for the three and nine months ended September 30, 2011. Great Panther is pleased to report revenues for the nine months ended September 30, 2011 of $40.3 million, representing a 42% increase over the same period in the prior year. The Company also significantly grew earnings from mining operations to $20.9 million for the nine month period, a 97% increase over the comparable period in 2010. Revenues for the three months ended September 30, 2011 increased by 46% to a record $16.3 million, while earnings from mining operations increased by 78% to $8.3 million. Working capital increased to $53.8 million from $18.8 million at December 31, 2010. The full version of the financial statements and management’s discussion and analysis can be viewed on the Company’s website at www.greatpanther.com or on SEDAR at www.sedar.com.

Excellon Resources Reports Third Quarter Financial And Exploration Results

Excellon Resources Inc. (the “Company” or “Excellon”) is pleased to report nine-month net income for the period ending September 30, 2011 of $7.5 million as compared to a loss of $1.2 million for the same period of 2010. The Company recorded a loss in the third quarter of $1.0 million as compared to a loss of $2.0 million in the third quarter of 2010. The loss in the current quarter was primarily the result of $3.4 million of unrealized foreign exchange losses attributable to the impact of a strengthening US dollar experienced during late September. The Company reports its financial results in US dollars and conducts its business in the domestic currencies of Mexico and Canada.

Office: +52 (662) 688-5815

[email protected]

Sites of Interest

This new application brings the paper map online.

Up to date information of:

  • Resources.
  • Production.
  • Endowment.
  • Technical Reports.
  • Geology.
  • And More…

Check the Mining State Panoramas

The promotion and dissemination as essential elements to understand and disseminate our Mineral resources, that is why today it is pleased to make the document “Mining Panorama” available to society, by state.

Get to know GeoInfoMex in 3D

GeoInfoMex, is the consultation system of the Mexican Geological Service that allows users to know geoscientific information and make decisions with savings in time and resources, helping to promote mining activity.

 

México Minero is a non-governmental organization that promotes sustainable mining.

The DOF is the organ of the Constitutional Government of the United Mexican States, which has the function of publishing in the national territory, to so that they are properly observed and applied in their respective areas of competence.

Learn about the current situation of the mining industry as well as the activities carried out by Camimex.

Mexico Mining Center © 2019 / All Rights Reserved