War Eagle Mining Company Inc. has re-appointed Don Padgett as a director and appointed Paul Carroll to the Company’s board of directors as Chairman, effective November 7, 2012. The Company has also appointed an experienced mining executive, Tom Atkins, as chief executive officer.
Fortuna Silver Mines, Inc. is pleased to announce that it has filed its financial statements and MD&A for the three and nine months ended September 30, 2012.
Mexican-focused Azure Minerals Limited is pleased to announce that it has commenced a 3,500 metre, 23 hole diamond drilling program on its Promontorio Project, located in the state of Chihuahua, Mexico.
Sierra Madre Developments Inc. Further to the Companys press release dated October 16, 2012, the Company advises its proposed $750,000 private placement to issue units at $0.03 per unit has not been accepted by the TSX Venture Exchange as fitting within the TSXV temporary hardship pricing policy. As a result, the Company intends to raise up to $750,000 through the distribution of up to 15,000,000 units at $0.05 per unit, on a post-consolidated basis.
Paramount Resources (NYSEAMEX: PZG) was downgraded by research analysts at Canaccord Genuity from a buy rating to a hold rating in a report released on Wednesday.
Southridge Enterprises, Inc. (PINK:SRGE) has made a legendary run in recent months the likes of which Penny Stock Speculators dream about; from lows of $0.0002 (triple zero 2) to recent highs of well over a penny.
Analysts at RBC Capital lowered their price target on shares of Coeur Dalene Mines (NYSE: CDE) from $37.00 to $33.00 in a research report issued to clients and investors on Wednesday. The firm currently has a sector perform rating on the stock.
Baja Mining Corp (BAJ.TO) is up 8% at midday to 13.5 cents, its highest level in three months, with more than 2.6 million shares changing hands.
Kootenay Silver Inc. is pleased to announce that, further to its press release dated October 31, 2012, announcing that the Company had closed a fully subscribed, $8,253,000 brokered private placement financing, it has secured drilling contracts and has begun mobilizing drill rigs to commence a major, multi-phase, 30,000 meter drill and resource expansion program on its flagship Promontorio Silver Project in Sonora, Mexico. The upcoming drill and resource expansion program is expected to employ up to five drill rigs at full capacity, representing the single largest drilling campaign conducted on the Promontorio project to date.
Baja Mining Corp. announces that the lenders to its 49% owned company, Minera y Metalurgica del Boleo S.A. de C.V. have agreed to two further extensions to the standstill agreement of August 7, 2012 until November 20, 2012.
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