Month: August 2012

Garibaldi Drill Results Extends Mineralization At Locust Target, Tonichi Project, Sonora, Mexico

Garibaldi Resources Corp. reports that it continues to intercept significant widths of mineralization (see news release of April 24, 2012) at the ongoing Locust drill program, located at the Company’s 100% owned Tonichi project in Sonora State, Mexico. To date, 5 diamond drill holes have been completed using the Company’s NQ diamond drill, for a total of 1180.8 meters drilled, with an additional hole in progress. An additional 50 to 70 meters will be added on hole number 6 before starting hole number 7. Hole LCT-12-5 has encountered gold mineralization of 0.33 g/t Au over 63.85 meters and hole LCT-12-6 encountered 24.5 meters of 0.45 g/t Au. Assay results from all holes are summarized in the table below. Note that data from some holes was previously released but is included here for completeness.

Virgin Metals Inc.: Closes $203,971 Private Placement

Virgin Metals Inc. is pleased to announce, subject to TSX Venture Exchange approval, the completion of a non-brokered private placement of common shares at a price of $0.15 per Common Share for aggregate gross proceeds of $203,971.05. Participation of insiders in the private placement totaled 59% of the total amount raised.

SilverCrest Reports Q2, Financial Results

SilverCrest Mines Inc. is pleased to announce its financial results for the second quarter ended June 30, 2012 (all figures in U.S. dollars unless otherwise specified).

Golden Goliath: Mexico’s next gold giant?

From grass roots beginnings, Golden Goliath Resources (CVE:GNG) looks set to begin a promising phase in its existence as the junior explorer advances several highly prospective projects in Mexico’s Uruachic mining camp.

Cumbral-San Bartolo Exploration Update

Westminster Resources Ltd. has successfully completed its first phase diamond drill core program at the Cumbral-San Bartolo copper, silver and gold project located in Sonora, Mexico.

Comstock Mining Announces Second Quarter 2012 Results

Virginia City, NV (August 14, 2012) — Comstock Mining Inc. (the “Company”) (NYSE Amex: LODE) today announced selected unaudited financial results for the quarter ended June 30, 2012.

2012 Second Quarter Highlights

First Majestic Reports Second Quarter Financial Results

First Majestic Silver Corp. is pleased to announce the unaudited condensed interim consolidated financial results for the Company for the second quarter ending June 30, 2012. The full version of the financial statements and the management discussion and analysis can be viewed on the Company’s web site at www.firstmajestic.com or on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

Oroco Announces Registration of Xochipala Concessions Within the Guerrero Gold Belt

Oroco Resource Corp. is pleased to announce that its ownership of a 100% interest in the Celia Gene (100 ha) and Celia Generosa (93 ha) concessions has now been registered with the Mexican Public Registry of Mining. The Xochipala Property is located in the highly prospective Guerrero Gold Belt in the Morelos region of Guerrero State, in central Mexico.

Timmins Gold reports profit from operations of $13.6 million for Q2 2012

Timmins Gold Corp. is pleased to report its second quarter of 2012 financial results for the period ended June 30, 2012. For comparative purposes, Q2 2011 below refers to the three months ended June 30, 2011. All results are presented in United States dollars unless otherwise stated. Readers should refer to the Q2 2012 management discussion and analysis and condensed interim consolidated financial statements for complete information.

Prospero Silver, Hochschild Mining Sign Joint Venture Agreement to Advance Baborigame Project

Prospero Silver Corp. is pleased to announce that its wholly owned Mexican subsidiary Minera Fumarola, SA de CV, and underlying claimholder Compañia Minera Terciario, SA de CV, have signed a joint venture agreement with Minera Hochschild Mexico, SA de CV (“Hochschild”, a subsidiary of Hochschild Mining, PLC), to advance Prospero’s Baborigame project in southwestern Chihuahua State, Mexico.

Silver Bull Intersects 309g/t Silver Over 23 Meters Including 1,648G/T Silver Over 4 Meters on the Sierra Mojada Project, Coahuila, Mexico

Silver Bull Resources, Inc. is pleased to announce the drill results for the first 6 holes of the underground drill program (see June 12, 2012 news release) twinning a series of holes in a high grade zone defined by a historical “long hole” data set at the eastern end of the Shallow Silver Zone on the Sierra Mojada Project in Coahuila, Northern Mexico.

Capstone Reports 2012 Second Quarter Financial Results With Steady Cash Flow from Operations

Capstone Mining Corp. today announced its financial results for the three and six months ended June 30, 2012. Net earnings for the quarter were $12.5 million and cash flow from operating activities was $28.7 million. Capstone ended the quarter with cash on hand of $489.3 million, and a $200 million credit facility. Copper production for the quarter at Capstone’s two operating mines, Cozamin and Minto, totalled 21.9 million pounds in concentrates at a total cash cost(1) of $1.36 per payable pound.

Mercator Minerals Reports Second Quarter 2012 Results

Mercator Minerals Ltd. today announced its financial results for the three months and six months ended June 30, 2012. During the second quarter 2012, the Company generated revenues of $61.3 million, gross profit of $9.0 million, cash flow from operations (before changes in non-cash working capital items) of $1.5 million, and net income of $22.1 million, or $0.09 per share. On an adjusted net earnings(i) basis, the Company reported a net loss of $3.5 million, or $0.01 per share. During this period, the Mineral Park Mine successfully ramped up to its throughput design capacity of 50,000 tons per day (“tpd”) while also achieving recoveries above design levels for the entire second quarter and subsequently.

Scorpio Mining Reports Second Quarter Results,Signs Land Agreement on Cosalá Norte Properties and Files NI- 43-101 Technical Report for its Nuestra Señora, San Rafael and El Cajón

Scorpio Mining Corporation reported operating and financial results for its second quarter ended June 30, 2012. The Company produced a total 606,786 silver equivalent ounces in Q2 2012 compared to production of 709,393 during Q2 2011. Net earnings for Q2 2012 were $0.6 million or $0.00 per share compared to net earnings of $3.3 million or $0.02 per share for Q2 2011. The decline in earnings in Q2 2012 compared to Q2 2011 was due to lower production of contained metals as a result of lower head grades in silver and copper, decreases in the recorded metal prices for all metals and an increase in lead and zinc concentrate inventories at the end of Q2 2012.

AuRico Reports Second Quarter Financial Results

AuRico Gold Inc. reports financial results for the three and six months ended June 30, 2012. All amounts are in U.S. dollars. The Company will host a conference call on Monday, August 13, 2012 beginning at 10:00 a.m. Eastern Time.

Catalyst Copper Advises of PEA Filing Delay

Catalyst Copper Corp. advises there will be a delay in releasing the results of and filing the Preliminary Economic Assessment on the La Verde copper porphyry deposit located in Michoacán State, Mexico.

Excellon Resources Announces Management Changes

Excellon Resources Inc. today announced the resignation of Mr. Steve Poad, Chief Financial Officer effective immediately. The Board would like to thank Mr. Poad for his contributions to the Company and wish him the best in his future endeavours.

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