Month: May 2013

Sierra Iron Ore Announces Favorable Ore Grades of Over 55% Fe

Sierra Iron Ore Corp. is pleased to announce the results of assays of samples taken and sent for laboratory testing. Two of the samples yielded greater than 55% Fe content. The 3rd sample from the Mazomique property requires further testing.

Primero Reports First Quarter 2013 Results; Record Quarterly Production and Expansion On-Track

Primero Mining Corp. today reported financial results for the first quarter ended March 31, 2013. The Company reported net earnings of $17.3 million ($0.18 per share) with adjusted net earnings(1) of $9.4 million ($0.10 per share). Operating cash flows(2) were $19.3 million ($0.20 per share). The Company also reported a strong cash position of $141.2 million as of March 31, 2013.

Oceanus Confirms High Grade Gold at the La Lajita Property in Mexico

Oceanus Resources Corporation is pleased to announce that initial results from underground and surface channel samples collected at the Mina la Guadalupe zone on the La Lajita property have returned high grade gold over significant widths. Highlighted assay results include the following;

Timmins Gold Reports Record Profit From Operations of $19.3 million and Record Earnings Per Share of $0.10 for Q1 2013

Timmins Gold Corp. is pleased to report its financial results for the first quarter ended March 31, 2013. The comparative period is the three months ended March 31, 2012. All results are presented in United States dollars unless otherwise stated. Readers should refer to the 2013 management discussion and analysis and consolidated financial statements for complete information.

Carmen Gold-Silver Deposit Project Site Construction Update, Sonora Mexico

Silver Scott Mines, Inc. is pleased to announce the near completion of construction at the Carmen mine and processing site. Crushing machinery with associated rolling stock equipment is now arriving and planned to be operational in approximately two weeks. Leach pad and ponds with contractor installed HDPE plastic liners have been completed. Detailed laser topography data has also been acquired over the old mine and newly prepared plant sites by a local contractor service provider. This provider will also monitor in successive scans, to accurately determine the volumes of rock produced.

Capstone Mining 2013 First Quarter Financial Results Demonstrate Solid Progress and Growth

Capstone Mining Corp. today announced its financial results for the three months ended March 31, 2013. Net earnings for the quarter were $6.9 million and operating cash flow before changes in working capital(1) was $20.1 million. Capstone ended the quarter with cash on hand of $485.4 million, a $200 million credit facility and no long-term debt. Copper production for the quarter at Capstone’s two operating mines, Cozamin and Minto, totalled 18.6 million pounds in concentrates (17.9 million pounds of payable copper) at a C1 cash cost(1) of $1.72 per payable pound of copper produced.

Vista Gold Corp. Announces First Quarter 2013 Results And Provides Update On Recent Activities

Vista Gold Corp. today announced its unaudited financial results and highlights for the first quarter ended March 31, 2013. Management’s quarterly conference call to discuss these results is scheduled for 2:30pm MDT on May 8, 2013. The Company’s full financial results, Management’s Discussion and Analysis together with other important disclosures can be found in the Company’s Quarterly Report on Form 10-Q, filed with the U.S. Securities and Exchange Commission and the Canadian securities regulatory authorities.

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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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.