Month: July 2013

Alta Vista Ventures Ltd. wishes to announce Ms. Jennifer Schindler as the Company’s new Chief Financial Officer.

Mammoth Resources Corp. has been asked to clarify certain disclosure in its corporate presentation dated June 2013 and posted on the company web site as a result of a review by the British Colombia Securities Commission. The corporate presentation has since been removed and an edited version of the presentation re-posted. Specifically, the BCSC has requested that wherein the company made reference on a slide in the presentation to the potential valuation increase that could arise in the company’s share price, relative to the valuation of two TSX listed companies with projects in Mexico with NI 43-101 resources, if the company’s Tenoriba project were to host a quantity of mineral resources. The BCSC advised the company that NI 43-101 restricts disclosure of quantities and grades of a deposit that is not a mineral resource or reserve, and only allows disclosure of ranges of quantity and grade for a potential exploration target if there is a valid basis and if the disclosure includes prominent mandatory cautionary language. The company’s disclosure in its June 2013 Corporate Presentation did not comply with these requirements and the company retracts all prior disclosure of hypothetical quantities and gold grades and would like to confirm that the company has no current or historical resource estimates of the size and grade ranges at Tenoriba. In the event that the company receives an initial material mineral resource estimate, it will promptly disclose such results and file supporting technical report.

High Desert Gold Corporation announces that it has engaged Soar Financial Partners to assist the Company to establish and maintain a corporate profile with the investment community primarily in Europe.

Solitario Exploration & Royalty Corp. announces that it has closed a private placement of 2,451,892 shares at a price of $0.84 per share for total proceeds of $2,059,589.

Alamos Gold Inc. reported Thursday a drop in second-quarter profits and revenue compared with a year ago, but maintained its production guidance for the year.

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 Canada’s TSX Venture Exchange in the coming months, choking off a development pipeline that has long supplied major miners with new projects.

It hasn’t 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 company’s net asset value. Despite a recent rally in the sector, and in the yellow metal, it’ll take dramatically higher prices to push Goldcorp, and the broader sector, into true rally mode.