Month: July 2012

Cream Minerals Announces updated Mineral Resource Estimate for the Nuevo Milenio Silver-Gold Property and a Review of Strategic Alternatives to Maximize Shareholder Value

Cream Minerals Ltd. announces the completion of the updated mineral resource estimate at the Company’s 100% owned Nuevo Milenio Silver-Gold Project in Nayarit State, Mexico. The Company also announces that the Board of Directors has initiated a review of Cream’s strategic alternatives intended to maximize shareholder value. A Special Committee of independent directors (“the Special Committee”) has been appointed.

Agnico-Eagle reports $43.3M 2Q Profit

Agnico-Eagle Mines Ltd announced its financial results for the three and six months ended June 30, 2012. Net income of $43.3 million or $0.25 per share was reported for 2Q, compared to $68.8 million net income or $0.41 per share for 2Q 2011. For the first six months of 2012, net income was $121.8 million or $0.71 per share, compared to $114.1 million or $0.68 per share for the first six months of 2011. Revenues for the first six months of 2012 were $390.6 million, compared to $337.6 million for the same period in 2011.

Riverside Announces the Termination of Reorganization and Option Agreements With Guerrero Exploration Inc.

Riverside Resources Inc. announces that it has received notice from Guerrero Exploration Inc. of its termination of the reorganization agreement between Riverside and Guerrero announced June 19, 2012. At the time the Reorganization Agreement was entered into, Guerrero was in default with respect to its option to acquire up to a 70% interest in the Chapalota property, Mexico, from the Company pursuant to an option agreement between the parties announced June 30, 2011. One of the purposes of the Reorganization Agreement was to set forth new terms upon which Guerrero could earn a 100% interest in the Chapalota property. With the termination of the Reorganization Agreement, Guerrero’s option to acquire an interest in the Chapalota property has now terminated.

Avino Silver & Gold Mines Ltd. Resume Trading

Avino Silver & Gold Mines Ltd. is pleased to announce that the Company’s shares will resume trading on Monday morning, July 30, 2012 on both TSX Venture Exchange and NYSE-MKT.

Baja Mining secures $90 mln lifeline for Mexico project

Says Korean consortium has committed to contribute amount by Aug. 30
* Says stake to fall to 49 pct when consortium pays half the amount
* Says second stage of financing not yet committed
* Shares rise as much as 12 pct

ArcelorMittal Posts Mixed Quarter

Steel bellwether ArcelorMittal (MT – Analyst Report) blew past the earnings estimates in the second quarter of 2012, but difficult economic conditions and softness in the steel industry led it to issue a cautious outlook for the rest of the year.

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.
Our company BYLSA DRILLING provides drilling services in a variety of environments, ranging from typical exploration sites to extreme topographic conditions, always with the highest quality and safety standards.