Month: November 2011

Source Announces Grant of Options

THUNDER BAY, ONTARIO, Nov 04, 2011 (MARKETWIRE via COMTEX) — SOURCE EXPLORATION Corp. (the “Corporation” or “Source”) (tsx venture:SOP) announces that 100,000 options to purchase common shares of the company are being granted to an officer of the Company at an exercise price of $0.27 per share, expiring on November 3, 2016. The grant is subject to regulatory approval.

Westminster Announces Private Placement

VANCOUVER, Nov. 4, 2011 /CNW/ – Westminster Resources Ltd. (the “Company”) (TSX-V: WMR), announces that it has negotiated a non-brokered private placement of 12,000,000 shares at $0.10 per share for gross proceeds of $1,200,000.

Primero Reports Third Quarter 2011 Results; Record Revenue, Earnings & Cash Flow

Primero Mining Corp. (“Primero” or the “Company”) today reported financial and operational results for the third quarter ended September 30, 2011. The Company produced 27,450 gold equivalent ounces(1)at a total cash cost(2)of $641 per gold equivalent ounce leading to record net earnings of $35.1 million ($0.40 per share) and operating cash flows before working capital changes(3)of $50.5 million ($0.57 per share).

Silvercrest Appoints V.P. Corporate Development for Mexico and General Manager for Santa Elena

VANCOUVER, BRITISH COLUMBIA, Nov 02, 2011 (MARKETWIRE via COMTEX) — SilverCrest Mines Inc. /quotes/zigman/325516 CA:SVL +4.46% (otcqx:STVZF) (the “Company”) is pleased to announce the appointments of Dr. Salvador Aguayo Salinas as Vice President Corporate Development in Mexico and Fabio Velarde as General Manager for the Santa Elena Mine. Dr. Aguayo will be based in Hermosillo, Mexico, and will report to N. Eric Fier, CPG, P.Eng., President of Nusantara de Mexico SA de CV, a subsidiary of the Company. Mr. Fabio will be based at the Santa Elena mine site and report to Brent McFarlane, V.P. of Operations.

Timmins Gold to list in New York

TORONTO (miningweekly.com) – Timmins Gold Corp, which mines the precious metal in Mexico, will float its shares on the NYSE Amex on November 4, the company said on Wednesday.

Endeavour Silver Reports $8.9 Million Adjusted Earnings in Q3, 2011; Revenues Up 93%, Cash Costs Per Oz Down 18% Compared to Q3, 2010; 3rd Quarter Conference Call at 10:00 am PST, Thursday, November 3, 2011

Endeavour Silver Corp. announced today its financial and operating results and unaudited financial statements for the Third Quarter, 2011. Endeavour owns and operates two high-grade, underground, silver-gold mines in Mexico, the Guanacevi Mines in Durango State and the Guanajuato Mines in Guanajuato State.

Cerro Resources NL Reports Quarterly Activities and Files Financial Statements for the Period Ending September 30, 2011

Cerro Resources NL is pleased to release a summary of the Company’s quarterly activities, and report significantly higher silver recoveries from the HPGR test work at Cerro Del Gallo. The detailed Quarterly Report which includes the financial statements and discussions, for the period ending September 30, 2011, has been filed on www.sedar.com and on the Company’s website, www.cerroresources.com

Starcore Reports Year-End Financial Results

Starcore International Mines Ltd. has filed the results for the year ended July 31, 2011 for the Company and its mining operations from the San Martin Mine. Over the year ended July 31, 2011, the Company reports revenues of $39.5 million, earnings from mining operations of $13.8 million and a net loss of $4.0 million, which includes a net $6.6 million non-cash unrealized loss on forward sales contracts and a $234,000 non-cash stock-based compensation charge on option awards vested in the year. The basic and diluted loss per share for the year ended July 31, 2011 was $0.05.

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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