Baja Mining Corp. announces that further to its August 7, 2012 news release, the aggregate US$90 million comprising the Stage I financing which was to have been advanced to MMB by the Korean Consortium by August 20, 2012 under the new standstill agreement has not yet been fully advanced. Baja understands that the Consortium is in discussion with MMB’s lenders.
London, England, Arian Silver Corporation a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, today announced the release of its Management’s Discussion and Analysis and unaudited Financial Statements for the three and six months ended 30 June 2012.
A prefeasibility study into ASX-listed Azure Minerals Promontorio copper/gold/silver project, in Mexico, has demonstrated the technical and economic viability of the project.
IMPACT Silver Corp. is pleased to announce the financial and production results for the second quarter ended June 30, 2012. IMPACT currently operates four underground silver mines (Chivo, San Ramon, Noche Buena and Gallega) and is building two new mines within the 100%-owned, 623 square kilometer (241 square miles) land package in Mexico. The new mines being constructed are the high-grade, underground silver Oscar Mine (which will replace the Chivo Mine) and the open-pit, poly-metallic Capire Mine, both of which are on schedule and on budget. The commencement of production at the new mines will represent the next phase of growth for the Company with the aim to establish IMPACT as a multi-million ounce silver producer.
Mundoro Capital Inc. is pleased to announce that it has executed, through its 100%-owned subsidiary Mundoro de Mexico S.A de C.V, a definitive option agreement for the Centauro Gold Property located in Chihuahua State, Mexico.
Cerro Resources NL is pleased to advise receipt of further highly encouraging surface sampling results, in preparation for a drill program at the Espiritu Santo Gold/Silver exploration project, in Jalisco State, Mexico.
Catalyst Copper Corp. today announced that Mr. Gerald Prosalendis resigned from the Board of Directors effective August 17, 2012 and is pursuing a program of post graduate studies. Mr. Prosalendis has been a valuable contributor to the Board and his presence and sage advice will be missed. We wish him every success in his academic pursuits.
Cayden Resources (CVE:CYD) has increased the non-brokered financing it announced last week from $4.2 million to nearly $5.1 million due to increased demand, the miner said.
Gold Resource Corporation announced that it is extending to certain of its employees an opportunity to cancel the employee’s outstanding unexercised stock options and receive an equal number of replacement options to purchase the Company’s common stock at a lower exercise price and subject to a new three-year vesting period. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico. The Company has declared over $56 million to shareholders in monthly dividends since declaring commercial production July 1, 2010 and may be the only Company offering shareholders the option to convert their cash dividends into physical gold or silver.
Soltoro Ltd. has received notice from Argentum Silver Corp. that it has elected to trigger the early exercise provisions of the option agreement signed with Soltoro Ltd. (SOL:TSX.V) on April 25, 2011 to acquire a 100% undivided interest in the Coyote and Victoria Silver Gold Properties located in the State of Jalisco, Mexico. Soltoro is proceeding to complete the transfer of 100% ownership of both properties to Argentum Silvers Mexican subsidiary. Soltoro and Argentum Silver recently completed two separate royalty agreements whereby Argentum Silver has granted Soltoro a 3% Net Smelter Return royalty on both property groupings. The agreements will be filed against title on transfer of 100% ownership. Soltoro retains a 3% N.S.R. interest in each project whereby 1% can be purchased by Argentum Silver for US$1.5 million to a maximum of 2% for each project. In addition, Soltoro holds 6,760,000 common shares of Argentum Silver.
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