Day: July 30, 2013

Osisko enhances financial flexibility by improving long-term debt terms

Osisko Mining Corporation is pleased to announce that it has reached agreements with CPPIB Credit Investments Inc., a wholly-owned subsidiary of the CPPIB Investment Board, the Caisse de dépôt et placement du Québec and Ressources Québec, a subsidiary of Investissement Québec, to modify certain terms of its long-term debt facilities.

Gold Resource Corporation Declares Milestone July Monthly Dividend

Gold Resource Corporation declares its monthly instituted dividend of $0.03 per common share for July 2013 payable on August 23, 2013 to shareholders of record as of August 12, 2013. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico.

Golden Tag Obtains One Year Extension to Its 60% Earn-in San Diego Property, Mexico

Golden Tag Resources Ltd. announces the signing of a second amendment to its Joint Venture Agreement with Golden Minerals Company’s subsidiary ECU Silver. The JVA governs the parties’ San Diego multi-million ounce silver exploration project in Mexico. Under the first JVA amendment, Golden Tag acquired the right to increase its interest in the JV from 50% to 60% by solely funding the next US 3 million of additional exploration expenses by March 24, 2014. To date, the Company has expended approximately US 2 million of the exploration work requirement.

VVC Exploration Reports on Mexican Gold/Silver/Copper Property Exploration

VVC Exploration Corporation is pleased to announce the results of due diligence evaluations of the Samalayuca copper/silver property in Chihuahua State, and the Escondida gold/silver property in Sonora State, owned by Camex Mining Development Group Inc. as part of the acquisition of Camex by VVC, and the results of reverse circulation (RC) drilling on VVC’s Cumeral gold/silver Property, in Sonora State, Mexico. The three properties were visited and evaluated by Peter Dimmell, P.Geo., a QP and a director of VVC, over two days in early July 2013.

Capstone Mining Delivers Consistent 2013 Second Quarter Financial Results

Capstone Mining Corp. today announced its financial results for the three and six months ended June 30, 2013. Net earnings for the quarter were $9.2 million and operating cash flow before changes in working capital(1) was $28.6 million. Capstone ended the quarter with cash on hand of $459.7 million. Copper production for the quarter at Capstone’s two operating mines, Cozamin and Minto, totalled 19.3 million pounds in concentrates (18.6 million pounds of payable copper) at a C1 cash cost(1) of $1.70 per payable pound of copper produced.

Oretest is a mining exploration drilling contractor based in Mazatlán, Sinaloa, México. The company is managed by Bart Forsyth, with 36 years of extensive drilling experience on most continents with major companies. The company takes great pride in providing high-quality services while making safety a priority. Maintenance, cleanliness, precision and proper drilling habits makes a good safety environment and produces results.

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