Month: November 2012

Primero Mining Corp. today reported financial results for the third quarter ended September 30, 2012.

Galore Resources Inc. is pleased to announce the appointment of Mr. Uwe Schmidt, P. Geo. as President of the Company. Mr. Schmidt was originally Galore’s VP of Exploration from 2006, shortly before Galore began trading on the TSX-V, initially focusing on the development of the Company’s Taseko Property and then on to expanding exploration into Mexico until July 2011. His exploration experience since graduation from U.B.C. in 1971, with a B.Sc. degree in Geology, has included base and precious metals and industrial minerals in Canada, Mexico and Peru. Mr. Schmidt is a professional geologist registered with the Association of Professional Engineers and Geoscientists of B.C.

Aurcana Corporation today is pleased to report its unaudited financial results for the third quarter ending September 30, 2012. The summary of the selected financial information should be read in conjunction with the unaudited financial statements and the related management’s discussion and analysis dated November 09, 2012 together referred to as the “Financial Statements”, which have been filed on SEDAR (www.sedar.com) and the Company’s website (http://www.aurcana.com). All figures are in US dollars unless otherwise noted.

Great Panther Silver Limited announces that it will postpone, for 24 hours, the release and filing of its condensed consolidated interim financial statements and Management Discussion and Analysis for the three and nine month periods ended September 30, 2012 (the “Q3 2012 Financial Results”).

AuRico Gold Inc. reports financial results for the three and nine months ended September 30, 2012 and provides an update on the Young-Davidson mine. All amounts are in U.S. dollars. The Company will host a conference call on Tuesday, November 13, 2012 beginning at 10:00 a.m. Eastern Time.

Looking at the Golden Minerals (AUMN) chart since September 13, you would think that their mine had caved in or someone had stolen all the cash they had in the bank. What has actually happened, however, is they raised $37M by issuing 19% more shares at $5.75, with investors buying those shares hand-over-fist, in a single day, as a great bargain. In my previous article I explained why the issuance of extra shares at $5.75 does not imply that the fair value of the stock has to drop to $5.75. In fact, such an issuance might actually increase the fair value of the stock, if it increases the expected future cashflow for the company (which it did in the case of AUMN, as the newly raised cash will allow them to perform the production expansion to 850 tpd throughput and beyond in 2013).

IMPACT Silver Corp. announces the financial and production results for the third quarter ended September 30, 2012. IMPACT currently operates three underground silver mines within the Royal Mines of Zacualpan Silver District in Mexico. Throughout 2012, IMPACT has also been constructing two new mines; the Oscar Mine in the Royal Mines of Zacualpan District and the Capire Mine in the Mamatla Mineral District. Upon beginning pilot production at the Capire Mine in mid winter, IMPACT will have successfully entered its next phase of significant growth potential. Additionally, with the future commencement of production at the Oscar Mine, IMPACT anticipates higher silver production. IMPACT continues to maintain a strong positive net working capital balance, a robust cash position of approximately $20 million in the treasury and no debt. All amounts presented are in Canadian dollars.