Lincoln Mining Appoints New Director
July 25, 2013
Lincoln Mining Corporation announces the appointment of Mr. Ron Coombes as a director of the Company.
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Lincoln Mining Corporation announces the appointment of Mr. Ron Coombes as a director of the Company.
Goldcorp Inc. (USA) (GG)
Q2 2013 Earnings Conference Call
July 25, 2013 1:00 pm ET
Hundreds of small mineral exploration companies may have their stock delisted by Canadas TSX Venture Exchange in the coming months, choking off a development pipeline that has long supplied major miners with new projects.
It hasnt been a hospitable environment for gold miners, the embattled sector which has had to suffer both falling commodity prices and rising costs. Reporting second quarter earnings before the bell on Thursday, Goldcorp GG -0.28% proved to be the latest victim of the new paradigm in the gold miners world, being forced to take a $1.93 billion write-down on the declining value of its assets, as management reacted to its market capitalization falling below the companys net asset value. Despite a recent rally in the sector, and in the yellow metal, itll take dramatically higher prices to push Goldcorp, and the broader sector, into true rally mode.
Almaden Minerals Ltd. is pleased to announce the results from Almaden’s ongoing 2013 Ixtaca Zone drill program at the Company’s 100% owned Tuligtic project, Mexico. The 2013 drill program is focussed on expanding the known resource immediately along strike to known mineralisation, adjacent to the current resource shell and within what is considered a potential pit shell. Highlights from the holes released today include the following intercepts.
Sona Resources Corp. is pleased to announce that, further to its news release of July 17, 2013, it has closed the first tranche of its non-brokered private placement of 3,665,000 units at an offering price of $0.30 per Unit, for gross proceeds of $1,099,500. Each Unit consists of one common share and one-half of one warrant, with each whole Warrant entitling the holder to purchase, for a period of 24 months following the closing date, one additional common share of the Company at a price of $0.50 for the first 12 months and $0.60 thereafter. The sole subscriber in this tranche of the Private Placement was Lu’An (Canada) Capital & Energy Investment Inc. who, as a result of their subscription, is now an “insider” of the Company pursuant to applicable securities laws.
Xtierra Inc. is pleased to announce the successful completion of an additional drilling campaign in the southern part of its silver-zinc-lead-copper project in the state of Zacatecas, Mexico. All six drill-holes, with a total of 1784.10 metres, encountered thick intersections of good grade mineralization with notable high grade silver intersections throughout. Four of the drill-holes showed highly mineralized intervals comprising massive to semi-massive sulfide mineralization varying between 20 and 40m in thickness. A summary of the principal intersections for each of the drill-holes is listed below.
Soltoro Ltd. holds a total of 7,000,000 common shares or 15% of Argentum Silver Corp. Soltoro also retains a 3% Net Smelter Return interest in the Coyote project whereby 1% can be purchased by Argentum Silver for US$1.5 million to a maximum of 2%.
Goldcorp Inc. reported an enormous net loss of US$1.93-billion in the second quarter after taking a big writedown on the Penasquito mine in Mexico.
Goldcorp Inc. today reported quarterly revenues of $889 million, generating adjusted net earnings1,2 of $117 million, or $0.14 per share, compared to $332 million, or $0.41 per share, in the second quarter of 2012. A non-cash impairment charge, primarily related to exploration potential at Peñasquito, led to a net loss in the quarter of $1.93 billion compared to net earnings of $268 million in the second quarter of 2012. Adjusted operating cash flow1,3 was $388 million or $0.48 per share.
We are world leaders in testing, inspection and certification services. We are present in all sectors of the economy with solutions and services that enhance the business, avoiding risks, improving operational performance and protecting the reputation and brand of our clients.
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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