Month: December 2012

Goldgroup Mining: CEO Interview

2011 was a banner year for Goldgroup. The company completed its earn-in interest for 100% ownership of its flagship project, Caballo Blanco, situated near Veracruz, Mexico and completed a $40.25 million financing at $1.40 per share to fund development expenses (Stock Profile – TSE:GGA).

Baja Mining Reports on Boleo Project Financing and Technical Report Status

Baja Mining Corp. is pleased to announce that it has been informed by Minera y Metalúrgica del Boleo, S.A.P.I. de C.V., which is now controlled by members of the Korean Consortium, that a portion of MMB’s 2010 project financing facilities provided by the Export-Import Bank of the United States to MMB has been renegotiated.

La Verde Project, Mexico, Preliminary Economic Assessment Estimate US$1.625 Billion* Pre-Tax Net Positive Cash Flow

Catalyst Copper Corp. announces positive results from the La Verde project NI 43-101 Technical Report; including a Preliminary Economic Assessment Study completed by AMC Mining Consultants Ltd. and effective December 2012. The Technical Report is based in part on a preceding document entitled “Technical Report and Resource Estimate of the La Verde Copper Project, Mexico”, by Margaret Harder, M.Sc., P.Geo. and Michael F. O’Brien, M.Sc., PrSci. Nat., GSSA, FAusIMM, FSAAIMM, both Qualified Persons, of Tetra Tech Inc., dated 19 September 2012.

Soltoro Resumes Drilling at the El Rayo Primary Silver Project in Jalisco, Mexico

Soltoro Ltd. has resumed diamond drilling at its 100% owned El Rayo primary silver deposit in Jalisco, Mexico. Soltoro suspended drilling in August of 2012 in order to submit a new application to permit drilling and trenching in new zones of interest on the property. The drill rig is currently testing in the La Soledad north zone to expand the existing high-grade silver resource. Further drilling is also planned to test the Las Bolas silver resource at depth and to test the newly identified northwest extension of the El Rayo gold zone.

New Gold Well Positioned with Enhanced Financial Flexibility and Simplified Balance Sheet

New Gold Inc. today provides an update on its 2012 financing activities that have resulted in the company having the highest cash balance in its history. Through the redemption of the company’s senior secured notes and convertible debentures as well as the recent warrant exercise, New Gold has simplified its capital structure. None of the company’s corporate debt is due until 2020. The company is in a strong financial position, with forecasted free cash flow generation from its portfolio of four producing assets expected to further enhance New Gold’s financial flexibility in 2013.

Cangold Exercises Option For 100% Of Plomo Project

Cangold Limited is pleased to announce that it has formally exercised its option for a 100% interest on the 4,279 hectare Plomo gold project in northern Sonora, Mexico. Pursuant to the terms of the option agreement, Cangold has made the final cash payment and share issuance to the vendor, who will retain a 2% Net Smelter Return royalty on any future production from the property.

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