Month: November 2013

Bandera Increases and Closes Private Placement

Bandera Gold Ltd announced today that it has increased its non-brokered private placement of 5,000,000 units to 5,100,000 units of Bandera at a price of $0.05 per unit and closed the financing for proceeds of $255,000. Each unit consists of one common share and a half warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of $0.05 per share on or before November 29, 2015.

Oremex Silver Announces Q3 Financial Results and Appoints Chief Financial Officer

Oremex Silver Inc. announces Q3 and nine month financial results for fiscal 2013. For the third quarter the Company recorded a loss of $301,294 or $0.00 per share compared to a loss of $463,106 or $0.00 per share in Q3 2012. For the nine month period the Company recorded a loss of $809,558 or $0.01 per share compared to a loss of $1.76 million or $0.01 per share for the nine month period in 2012.

Energold Drilling Announces Third Quarter 2013 Financial Results

Energold Drilling Corp. reported the following financial results for the third quarter of 2013. Company-wide revenue during the third quarter of 2013 was $16.6 million, compared to $29.9 million in the third quarter of 2012. The decline in revenue was mostly related to the year-over-year decrease in mineral exploration activity. Gross margin fell to negative 5% in the third quarter of 2013 from 21% in the comparable period of 2012. The Company had a net loss in the third quarter of ($0.15) per share, compared to a net loss of ($0.05) per share in the same period of 2012.

Mexican drug cartels now make money exporting ore

Mexican drug cartels looking to diversify their businesses long ago moved into oil theft, pirated goods, extortion and kidnapping, consuming an ever larger swath of the country’s economy. This month, federal officials confirmed the cartels have even entered the country’s lucrative mining industry, exporting iron ore to Chinese mills.

Almaden Infill Drilling on Main and Northern Zones, Hits 101.00 Meters of 1.92 g/t Au, 113.2 g/t Ag (4.2 g/t AuEq) at Ixtaca, Mexico

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 infill program has been designed to upgrade resources currently in the inferred category to the higher confidence measured and indicated categories. The holes announced today show the continuity and high grades of the Main and Northern zones defined with previous drilling. Highlights from the holes released today include the following intercepts (a more complete list of intercepts is shown in the table below):

Mexican Congress approved the Tax Reform

On October 31, 2013, the Mexican Congress approved the Tax Reform, only pending the countersign by the President of Mexico and its publication in the Federal Official Gazette for its full entry into force.

Construirá Aqwise planta a AHMSA

Minera del Norte S.A. de C.V., (Minosa), filial de Altos Hornos de México, suscribió un acuerdo con la israelí Aqwise para la construcción de una planta de tratamiento de aguas residuales para su Unidad Cerro de Mercado, productora de mineral de fierro localizada en la ciudad de Durango.

Newstrike Capital Inc. : Announces Adoption of Advance Notice Policy

Newstrike Capital Inc. announces the approval and adoption by its Board of Directors of an advance notice policy. The purpose of the Policy is to provide shareholders, directors and management of the Company with a clear framework for nominating directors of the Company. The Company is committed to: (i) facilitating an orderly and efficient annual general or, where the need arises, special meeting, process; (ii) ensuring that all shareholders receive adequate notice of the director nominations and sufficient information regarding all director nominees; and (iii) allowing shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation. The Policy is intended to further these objectives.

First Quantum Minerals Strongly Disputes Allegations of Default Under Inmet Notes

First Quantum Minerals Ltd. today announced that its wholly-owned subsidiary FQM (Akubra) Inc. has received a notice purporting to call a default from a limited number of noteholders holding notes originally issued by Inmet Mining Corporation, including CI Investments, Barometer Capital and funds managed by Capital Group. First Quantum strongly disputes that any default has occurred.

Gold Resource Corporation Declares November Monthly Dividend

Gold Resource Corporation declares its monthly instituted dividend of $0.03 per common share for November 2013 payable on December 23, 2013 to shareholders of record as of December 11, 2013. Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico.

Camino Minerals Corporation Grants Stock Options; Corporate Update

Camino Minerals Corporation reports that it has granted 2,520,000 incentive stock options to directors, officers, employees and consultants of the Company. The stock options are exercisable for a period of five years at an exercise price of $0.07 per share. The options were granted under and are subject to the terms and conditions of the Company’s Stock Option Plan.

Comunicado de Prensa para Presentación del Libro Gambusinos y Mineros Mexicanos

El autor Isidro Hernández Pompa, gracias a su experiencia profesional como perito minero y como empresario minero durante más de 45 años, e inspirado en compartir sus conocimientos sobre las tradiciones y la admirable valentía de los gambusinos y mineros de México, ha publicado su libro Gambusinos y mineros mexicanos, una narración sintetizada de los mineros y la industria minera mexicana.

FMEC Funds $250,000 Option Payment and Commences Second Phase Drill Program at Cerro Las Minitas

Southern Silver Exploration Corp. reported today that Freeport-McMoRan Exploration Corporation has provided to Southern Silver $250,000 which was utilized to pay the November, 2013 periodic option payment to the optionor of the Cerro Las Minitas mineral concessions in Durango State, Mexico. To date $2.5 million has been paid from funds provided by Southern Silver and FMEC towards a total purchase price of $4 million with the balance payable as follows:

Oremex Silver Responds to Concept Capital Statement and Confirms Annual General Meeting to Proceed as Planned

Oremex Silver wishes to respond to the press release issued today by Concept Capital Management. The meeting and consequent actions indicated in the CCM press release have no legal force or effect. The Company has duly convened its Annual General Meeting of shareholders to be held at 10:00 am on Tuesday, December 31, 2013 at Wildeboer Dellelce Place , 365 Bay St. , Suite 800, Toronto, Ontario .

Scorpio Gold Reports Financial Results for Third Quarter of 2013

Scorpio Gold Corporation is pleased to announce its financial results for the third quarter ended September 30, 2013. This press release should be read in conjunction with the Company’s Management Discussion & Analysis and the condensed consolidated interim financial statements for Q3, available on the Company’s website at and under the Company’s name on SEDAR at All monetary amounts are expressed in US dollars. Comparative numbers disclosed were restated following the adoption of the new IFRS standard, IFRIC 20, Stripping costs in the production phase of a surface mine. See note 3 a) of the Q3 condensed consolidated interim financial statements for more information on the effects of IFRIC 20.

Goldgroup Commences Crushing at Cerro Prieto

Goldgroup Mining Inc. is pleased to announce that it has completed the movement of its crushing system from the Company’s 100%-owned Cerro Colorado mine and has now completed installation at its 100%-owned Cerro Prieto project which is located approximately 200 kilometers away in Sonora State, Mexico.

Alta Vista Ventures Re-Prices Financing

Alta Vista Ventures Ltd. wishes to announce that it is re-pricing its previously announced non-brokered private placement from a price of $0.07 per unit to a price of $0.05 per unit. The financing will now consist of up to 4,000,000 units at a price of $0.05 per unit to raise a total of up to $200,000. A unit will consist of one common share and one non-transferable common share purchase warrant valid for two years. Each warrant will entitle the holder to purchase one additional common share at a price of $0.075 for the first year and $0.10 for the second year.

Bacanora Minerals Ltd.: New Alkali Metal and Alkali Earth Metal Inferred Resources Declared for El Sauz and Fleur Concessions

Bacanora Minerals Ltd. is pleased to announce that it has received analytical results for alkali metals and alkali earth metals from drilling conducted on the El Sauz and Fleur concessions under joint venture with Rare Earth Minerals PLC. The additional analytical data is being used by the Company to declare new inferred resources for potassium, rubidium, cesium, magnesium and strontium within the resource previously estimated for lithium.

Soltoro to Commission New Technical Report to Review Silver Resource Estimates and Investigate the Higher Grade Silver Potential at the El Rayo Project

Soltoro Ltd. is reviewing the silver resource estimates contained in its National Instrument 43-101 compliant Technical Report on the El Rayo Project dated January 31, 2012 and intends to prepare a new resource estimate which will incorporate results of new metallurgical work and drill and underground exploration completed to date. Soltoro’s 100% owned El Rayo primary silver project is located in Jalisco State, Mexico.

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