Mining exploration sinks to new low
May 7, 2013
According to IntierraRMG, mining exploration fell once more in March, extending a 17-month decline in exploration activity.
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According to IntierraRMG, mining exploration fell once more in March, extending a 17-month decline in exploration activity.
Goldcorp Inc. today announced that Russell Ball will join the Company’s senior management team as Executive Vice President, Capital Management. Ball, 45, was most recently Executive Vice President and Chief Financial Officer for Newmont Mining Corporation. In his new role, Ball will lead the focus on financial discipline within Goldcorp’s project team as the Company continues to advance construction at Cerro Negro in Argentina, Éléonore in Quebec and Cochenour near Red Lake in Ontario. His group will also lead development at the Company’s next generation of gold growth projects and work with Goldcorp’s operations teams on project management at existing mines.
Cayden Resources Inc. is pleased to provide a corporate update to its shareholders.
Kimber Resources Inc. announced today that it has received a letter from the NYSE MKT LLC notifying the Company that if it does not adequately address the low selling price of the Company’s stock through a reverse stock split or otherwise raise the stock price to the satisfaction of the staff of the NYSE MKT within a reasonable amount of time, the Company will not satisfy the continued listing standards of the NYSE MKT set forth in Section 1003(f)(v) of the NYSE MKT LLC Company Guide and will be subject to continued listing review by the staff of the NYSE MKT under Section 1009 of the NYSE MKT LLC Company Guide. The Company has not yet determined what action, if any, it will take in response to this letter.
Gold prices are expected to recover in the coming weeks and months according to the Reuters Precious Metals Poll of analysts. The news was welcomed by El Tigre executives, who also recently announced the completion of the company’s drilling program.
Geologix Explorations Inc. is pleased to announce that the Prefeasibility Study for its Tepal Project in Michoacán State, Mexico has been filed on SEDAR.
Fortuna Silver Mines Inc. today announced revenue of $40.7 million, cash generated from operations, before changes in working capital of $16.3 million, and net income of $6.7 million for the first quarter of 2013. Silver and gold production was 992,218 ounces and 4,492 ounces at a consolidated cash cost per ounce, net of by-product credits, of $6.60.
Animas Resources Ltd. announces that the non-brokered private placement announced on April 4, 2013 and amended on April 29, 2013 has been oversubscribed for gross proceeds of $625,000 and it will be closed shortly. The terms of the offering were amended to change the unit price from $0.06 to $0.05 per unit. Each unit includes one common share and one common share purchase warrant to buy another common share at $0.10 for 36 months.
Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to announce that the Toronto Stock Exchange has approved the consolidation of the Company’s common shares on a basis of one (1) post-consolidation Common Share for each five (5) pre-consolidation Common Shares and has no objection to the Common Shares trading on a post consolidated basis effective at the opening of market on Wednesday May 8, 2013 under the new CUSIP number 30069C207.
Almaden Minerals Ltd. is pleased to announce results from the first two holes of the 2013 drill program on the Company’s 100% owned El Cobre copper-gold porphyry project, Mexico. This new drilling was conducted on only one of the four porphyry targets identified over a 12 square kilometre area on the project. These new results continue to show the potential of the El Cobre project to host an economic copper-gold porphyry deposit.
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.
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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