Month: April 2013

Golden Tag Resources Ltd. is pleased to report the recent filing of the 43-101 Technical Report on the 2013 Revised Resource Estimate completed by SGS Canada Inc. for the San Diego Deposit located in the Velardeña camp in Durango State, Mexico. The report is available through www.sedar.com and at Golden Tag’s Web site at www.goldentag.ca. The Resource Estimate was reported in a press release on February 26, 2013 [errata – press release March 04 2013] and reproduced below as Tables 1 and 2. The San Diego Property is a 50-50 joint venture between Golden Tag and Golden Minerals Company (NYSE Amex: AUMN) (TSX: AUM)Golden Tag is the operator and is earning an additional 10% interest to a 60% interest by funding additional exploration on the property.

Kootenay Silver Inc. announces that Agnico-Eagle Mines Limited has entered into a subscription agreement to make an investment of $4,750,000 in Kootenay through a non-brokered private placement of units. As a result of the transaction, Agnico-Eagle will own 9.96% of Kootenay’s issued and outstanding shares on a non-diluted basis.

McEwen Mining Inc. announces that Rob McEwen , Chairman and Chief Owner, has exchanged 42,103,285 shares of McEwen Mining – Minera Andes Acquisition Corp. into an equal number of McEwen Mining common shares. MAQ Exchangeable shares are exchangeable on a 1-for-1 basis into common stock of McEwen Mining and were issued in connection with US Gold Corporation’s (now McEwen Mining) acquisition of Minera Andes Inc. which was completed in early 2012. Mr. McEwen’s 25% ownership interest in McEwen Mining does not change as a result of this transaction.

Red Tiger Mining Inc. announces that it and ML have entered into an assignment of debt agreement with Unique Goals International, a company beneficially owned, directly or indirectly, by Mr. Sergey Yanchukov, a director of the Company. Pursuant to the Assignment of Debt Agreement, Unique proposes to assign to the Company the outstanding debt owed to it under certain loan agreements entered into between Unique and ML on each of August 20, 2012 and September 9, 2012 in the amounts of US$375,000 and US$420,000, respectively.

The Company announces that its Board of Directors has approved and adopted a Shareholder Rights Plan. The Plan entitles shareholders to severable rights to purchase additional shares of the Company upon the occurrence of a take-over bid (i.e. an offer to purchase 20% or more of the issued shares, when aggregated with the offeror’s shareholdings), which fails to meet certain conditions. Bids which meet these conditions do not trigger the rights to purchase additional shares. Permitted Bids are offers which meet all of the following conditions:

Primero Mining Corp. announced today that it has successfully produced the annual threshold of 3.5 million ounces of silver and will begin selling 50% of the silver produced at San Dimas at spot prices for its own account until August 5, 2013. The Company estimates that it will sell between 900,000 and 1,000,000 ounces of silver at spot realized prices by August 5, 2013.