Riverside Resources Inc. announces that it has acquired ownership of and control over 1,550,388 common shares of Sierra Madre Developments Inc. representing approximately 2.18% of the issued and outstanding common shares of Sierra Madre. As a result, Riverside now has ownership and control over 8,409,656 common shares of Sierra Madre, representing approximately 11.8% of Sierra Madre’s issued and outstanding shares.
Cream Minerals Ltd. announces the completion of the updated mineral resource estimate at the Company’s 100% owned Nuevo Milenio Silver-Gold Project in Nayarit State, Mexico. The Company also announces that the Board of Directors has initiated a review of Cream’s strategic alternatives intended to maximize shareholder value. A Special Committee of independent directors (“the Special Committee”) has been appointed.
Fortuna Silver Mines Inc. is pleased to announce the appointment of Mr. Robert Brown as Vice President of Corporate Development effective August 1st, 2012.
Avino Silver & Gold Mines Ltd. is pleased to provide the following update of activities at its mine operation located near Durango, Mexico.
Cayden Resources, a junior mining firm, has reported that the high-grade values of gold have been sampled in a fresh trench from the companys La Magnetita target located in the Morelos Sur gold project in Mexico.
Agnico-Eagle Mines Ltd announced its financial results for the three and six months ended June 30, 2012. Net income of $43.3 million or $0.25 per share was reported for 2Q, compared to $68.8 million net income or $0.41 per share for 2Q 2011. For the first six months of 2012, net income was $121.8 million or $0.71 per share, compared to $114.1 million or $0.68 per share for the first six months of 2011. Revenues for the first six months of 2012 were $390.6 million, compared to $337.6 million for the same period in 2011.
Sources say issues surrounding a land use contract signed in April 2008 have led to a blockade at the La Platosa mine.
Riverside Resources Inc. announces that it has received notice from Guerrero Exploration Inc. of its termination of the reorganization agreement between Riverside and Guerrero announced June 19, 2012. At the time the Reorganization Agreement was entered into, Guerrero was in default with respect to its option to acquire up to a 70% interest in the Chapalota property, Mexico, from the Company pursuant to an option agreement between the parties announced June 30, 2011. One of the purposes of the Reorganization Agreement was to set forth new terms upon which Guerrero could earn a 100% interest in the Chapalota property. With the termination of the Reorganization Agreement, Guerrero’s option to acquire an interest in the Chapalota property has now terminated.
Baja Mining Corp. (BAJ.TO) has dropped 19% to a new year low of 6.5 cents, on volume 2.7 million.
Southridge Enterprises Inc. is pleased to announce the initial assay results from Trench #15 at Los Compadres. The Company has been actively conducting a trenching and sampling program at their Los Compadres property at Santa Maria del Oro, in Nayarit, Mexico.
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