Day: January 17, 2013

Gold Resource Corporation Announces Preliminary 2012 Record Annual Production Results and 2013 Outlook

Gold Resource Corporation today announced preliminary 2012 fourth quarter and record year-end mill production of approximately 90,432 precious metal gold equivalent ounces and sets its 2013 Outlook. Gold Resource Corporation is a low-cost gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $69 million to shareholders in monthly dividends since declaring commercial production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver.

Southern Silver Amends Property Agreement, Acquires 100% Ownership of Patented N.M. Property and Enters into Finder’s Fee Agreement

Southern Silver has entered into a finder’s fee agreement with Adrian Robles for his role in a previously announced transaction between Southern Silver and Freeport McMoRan Exploration Corporation (“Freeport”) with respect to the Cerro Las Minitas property (the “Property”) in Durango, Mexico (see news release of October 23, 2012). Pursuant to the finder’s fee agreement, Southern Silver will issue Mr. Robles: (i) 500,000 common shares

Argonaut Gold Exceeds 2012 Guidance with Gold Production of 108,081 Ounces

Argonaut Gold Inc. announced today that the Company achieved record gold production of 32,000 ounces during the 4th quarter ended December 31, 2012. This included 25,805 ounces at its 100% owned El Castillo Mine in Durango, Mexico and 6,195 ounces at its 100% owned La Colorada Mine in Sonora, Mexico. All dollar amounts are in US dollars except as otherwise noted.

Riverside Resources Outlines Corporate Growth Plans for 2013

Riverside Resources Inc. is progressing and set to deliver value and growth for its shareholders in 2013. The Company is strategically advancing and improving its portfolio with a strong partnership network and significant exploration activity planned for the upcoming year. In 2012, a challenging year for Junior Resource companies, Riverside still managed to deliver six completed drill programs while conserving capital and maintaining a tight share structure with only 35,200,000 shares outstanding and over $7M in cash reserves with no debt.

Excellon drills high-grade gold at Rincon del Caido, La Platosa

Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to report results for diamond drill hole EX12LP1038, completed in late 2012 in the Rincon del Caido area, less than one km northwest of the Platosa Mine. LP1038 encountered Source-style sulphide-mineralized skarn typical of the eight other significant intersections reported in the Rincon area since spring 2012. Each of these holes intersected skarn alteration and significant metal values, including persistent anomalous gold, indicating that Rincon lies on the edge of a proximal carbonate replacement deposit, the possible Source of the Platosa mantos. The Au values encountered in LP1038, however, are far higher than those encountered previously and suggest that the Source itself will contain a significant gold component.

Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.