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.

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