Month: February 2013

Pan American Silver Corp. more than replaced the proven and probable silver and gold mineral reserves mined during the past year as a result of another very successful mine-site exploration campaign. As well, the mineral reserves increased further with the addition of the Dolores mine and the La Bolsa project, following the acquisition of Minefinders Ltd. Commenting on last year’s exploration results, Michael Steinmann, Executive Vice President Corporate Development and Geology said, “Mine-site exploration has always been an important value driver for Pan American, allowing for organic production growth. Since 2004, the Company has added 229.4 million ounces of silver to its mineral reserves solely through exploration activities, excluding acquisitions, and more than replaced the 196.3 million ounces of silver mined during the same period. This impressive track record has extended the mine life of our operations and continues to ensure our long-term profitability. The average cost of the new silver reserves added since 2004 from exploration was approximately $0.38 per ounce; without question an excellent return on our investment in exploration”.

Coeur d’Alene Mines Corporation reported strong operating cash flow1 of $338.7 million from metal sales of $895.5 million for the full year 2012. Production totaled 18.0 million silver ounces and a record 226,486 gold ounces. Coeur expects to generate robust operating cash flow from anticipated 2013 production of 18.0 – 19.5 million ounces of silver and a record 250,000 – 265,000 ounces of gold.

AuRico Gold Inc. is pleased to announce that as part of the Company’s long-term strategy to maximize shareholder value, the Board of Directors has approved the implementation of a new, two-tiered dividend policy:

Primero Mining Corp. today reported financial results for the fourth quarter and year ended December 31, 2012. The Company reported record revenues of $182.9 million in 2012 and strong net earnings of $49.6 million ($0.54 per share). The Company had a cash position of $139.2 million as of December 31, 2012 and generated record operating cash flows(1) of $88.8 million ($0.97 per share).

Best Quarter and Year in the Company’s History Continued Exploration Success at San Carlos and Camyurt

Yamana Gold hailed record revenues and mine operating earnings on the back of increased production in 2012.

The Company Generated Annual Adjusted Earnings of $1.26 per Share

YAMANA GOLD INC. today announced its first quarter 2013 dividend of $0.065 per share. Shareholders of record at the close of business on March 28, 2013 will be entitled to receive payment of this dividend on April 11, 2013. The dividend is an “eligible dividend” for Canadian tax purposes.

Catalyst Copper Corp. is undertaking a non- brokered private placement of up to 10,000,000 units at a price of $0.06 per unit for gross proceeds of Cdn $600,000.