Month: November 2011

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 or on SEDAR at

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.

Del Toro Closes Private Placement for Proceeds of $75,000 USD

CARSON CITY, Nev., Nov 10, 2011 (GlobeNewswire via COMTEX) — Del Toro Silver Corp. (“Del Toro” or the “Company”) is pleased to announce they have closed a non-brokered private placement in the Company at a price of $0.04 per common share. The private placement is 1,875,000 common shares for gross proceeds of $75,000 (all funds expressed in USD). Each common share is subject to restrictions by regulatory authorities. The securities issued and sold under the private placement will not be registered under the Securities Act of 1933 as amended (the “Act”), and may not be offered or sold in the United States absent registration, or an applicable exemption from registration, under the Act.

Victory Resources Corporation – Non Brokered Private Placement Arranged

VANCOUVER, Nov. 9, 2011 /PRNewswire/ – VICTORY RESOURCES CORPORATION (the “Company”) is pleased to announce that it has arranged a non-brokered private placement which consists of up to 6,000,000 Non-flow-through Units. The total Non-flow-through proceeds arranged are up to $2,100,000.

Mundoro Receives TSXV Approval For Normal Course Issuer Bid

November 10, 2011, Vancouver, BC – Mundoro Capital Inc. (“Mundoro” or the “Company”) announces it has received approval from the TSX Venture Exchange (“TSXV”) of its Notice of Intention to Make a Normal Course Issuer Bid (the “NCIB Program”).

First Majestic Silver Corp.: Earnings Hit $27.8 Million in Third Quarter

VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 11/09/11 — First Majestic Silver Corp. (TSX:FR)(NYSE:AG)(FRANKFURT:FMV) (the “Company” or “First Majestic”) is pleased to announce the unaudited condensed consolidated interim financial results for the Company for the third quarter ending September 30, 2011. The full version of the financial statements and the management discussion and analysis can be viewed on the Company’s web site at or on SEDAR at and on EDGAR at

Timmins Gold Reports Financial Results for its Second Quarter Ended September 30, 2011

VANCOUVER, BRITISH COLUMBIA, Nov 09, 2011 (MARKETWIRE via COMTEX) — Timmins Gold Corp. is pleased to report its second quarter (“Q2”) ended September 30, 2011 financial results. All results are presented in United States dollars (“US Dollars” or “USD”) unless otherwise stated. The Company is changing its year end from March 31 to December 31, and will report Q3 results as year ended and nine months ended results to December 31, 2011.

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