Day: September 10, 2013

Mining companies balk at Mexico’s proposed royalty plan

Mining companies have threatened to cut investment in Mexico after the government proposed a 7.5 percent mining royalty, arguing that lower metal prices, rising running costs and higher taxes reduce the country’s investment allure.

Golden Minerals Provides Business Update

Golden Minerals Company, a precious metals mining company with primary assets in Mexico and Argentina, reports continued progress with its work at the Velardena Operations in Durango State, Mexico. The Company previously announced it suspended operations at the Velardena mine on June 19, 2013 due to depressed silver and gold prices, and that the suspension was enacted to best conserve the asset until operating plans and metals prices indicate sustainable and profitable operations.

NWM Announces Changes to Board of Directors

NWM Mining Corporation would like to announce the resignation of Jim Boyle as a director of the company. The Company would like to thank Mr. Boyle for his commitment and past contributions.

Orex Appoints Willie McLucas as President and CEO of Orex Exploration

Orex Exploration Inc. is pleased to announce that Willie McLucas has been appointed as President and CEO of the Company, effective immediately, by Orex’s Board of Directors. He succeeds Mark Billings, who will remain as a director and as Chairman of the Board of the Company.

Mammoth Confirms Intent to Raise Additional $100,000 in Previously Announced Private Placement

Mammoth Resources Corp. would like to confirm that further to its August 15, 2013 press release, the Company has raised a total of $270,620 of its private placement that was originally announced on June 13th. Whereas the August 15th release had indicated the Company’s intent to raise up to $500,000, the Company intends to raise up to an additional approximately $330,000 for total gross proceeds of up to $600,000. All other terms of the private placement remain the same as previously announced.

Gold Resource Corporation CEO William Reid to Retire; Jason Reid Named as Successor CEO

Gold Resource Corporation announced today that Chief Executive Officer William (Bill) Reid intends to retire from the Company. Mr. Reid will step down as CEO effective September 30, 2013. He will continue to serve as Chairman on the Company’s Board of Directors to assist the Company with an orderly leadership transition. Jason Reid, the Company’s President, was unanimously selected by the Board of Directors to succeed Bill Reid as the Company’s CEO effective October 1, and will continue to serve as its President and a director.

Oremex Silver Announces Financial Q2 Results

Oremex Silver Inc. announces Q2 and six month financial results for fiscal 2013. For the second quarter the Company recorded a loss of ($202,301) or ($0.00) cents per share compared to a loss of ($612,803) or ($0.00) per share in Q2 2012. For the six month period the Company recorded a loss of ($496,598) or ($0.00) per share compared to a loss of ($1,257,376) or ($0.01) per share for the six month period in 2012.

Layne, A Granite Company, provides sustainable solutions for water resources and mineral exploration. Originally established in 1882, Layne offers a rich history of delivering safe, professional, and reliable water and minerals solutions throughout North and South America. Granite acquired Layne and its subsidiaries in the fall of 2018, to further Granite’s strategy to grow through acquisition and diverse end market expansion.

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.