Month: December 2013

Canasil Closes $96,300 Second Tranche of Non-brokered Private Placement

Canasil Resources Inc. announces closing of the second tranche of the non-brokered private placement announced on December 3, 2013, for gross proceeds of $96,300 consisting of 1,070,000 units at an exercise price of $0.09 per unit as detailed below. No commission or finder’s fee is payable with respect to this tranche of the placement, which is subject to final approval by the TSX Venture Exchange (“the Exchange”). Together with the previously announced first tranche of 3,000,000 units which closed on December 6, 2013, a total of 4,070,000 units have now closed.

Del Toro Silver Corp. : FILES (8-K) Disclosing Unregistered Sale of Equity Securities

On December 18, 2013, Del Toro Silver Corp. (the “Company”) entered into a Securities Purchase Agreement (the “Agreement”) with Asher Enterprises, Inc. dated December 18, 2013 (the “Issue Date”). Under the terms of the Agreement the Company issued an 8% convertible promissory note, in the principal amount of $31,500 (the “Note”), which Note matures on September 20, 2014 and may be converted into shares of the Company’s common stock at any time after 180 days from the Issue Date, subject to adjustments as further set out in the Note. The conversion price shall be at a variable conversion rate of 50% multiplied by the market price, being the average of the lowest three trading prices for the Company’s common stock during the 10 trading day period ended on the latest complete trading day prior to the conversion date, subject to adjustments as further set out in the Note.

VVC Exploration Provides Mexican Projects Update

VVC Exploration Corporation is pleased to announce that the December 6, 2013 edition of the Juarez Journal in Juarez, Chihuahua State, MX., reported that the head of the National Commission of Natural Protected Areas, Luis Fueyo MacDonald, “promised to make adjustments to the Program Management Protected Area to allow Samalayuca Copper Mining Company to start exploration and exploitation of their Kaity claim.” The property is located in northern Chihuahua State, MX., approximately 60 km to the south of Juarez. This is one of the last hurdles in our process of obtaining all the necessary permits for the start of production at the Samalayuca copper project.

Avino Announces At-The-Market Offering

Avino Silver & Gold Mines Ltd. today announced that it has filed a prospectus supplement under which it may sell up to US $5,750,000 of its common shares from time to time through Cantor Fitzgerald & Co., as sale agent.

UC Resources Prepares for Hard Rock Mining

UC Resources reports that mill operations at the Company La Yesca site have been closed during the Christmas holiday season and will be kept on temporary hold in a state of care and maintenance. In the new calendar year the Company will prepare for Hard Rock mining at its Xora Concession. With reducing silver prices and the grade that exists within the tailings on site, it has been determined that a concentration on the higher grade material is the best choice for Company profitability. The Company cannot continue to consistently lose capital though arduous efforts in an attempt to get mill operations running effectively, using the existing feed at the La Yesca location. The Company has not been able to run the mill at La Yesca profitably and with poor precious metal market conditions, depressed gold and silver pricing and lower recoveries from the tailings themselves, Company focus has shifted to the higher grade hard rock material.

Animas Responds to GoGold proposal to Acquire Animas

Animas Resources Ltd. announces that, as previously announced by GoGold Resources Inc. in its press release of today’s date, GoGold intends to make an offer to acquire all of the outstanding common shares and warrants of the Company for $0.15 per common share.

Primero Confirms Delisting From the Australian Securities Exchange (“ASX”)

TORONTO, ONTARIO–(Marketwired – Dec. 30, 2013) – Primero Mining Corp. (“Primero” or the “Company”) (TSX:P)(NYSE:PPP) today confirmed that it has been removed from the official list of ASX Limited as of the close of trading on December 30, 2013, at the request of the Company in accordance with listing rule 17.11. The common shares of Primero will continue to be listed on the Toronto Stock Exchange (“TSX”) under the symbol “P” and on the New York Stock Exchange (“NYSE”) under the symbol “PPP”.

Gold Resource Corporation Chairman William Reid to Retire; Vice Chairman Bill Conrad Named Successor

Gold Resource Corporation announced today that Mr. William (Bill) Reid, Chairman of the Company’s Board of Directors, will retire his post effective December 31, 2013. The Company’s Vice Chairman, Mr. Bill Conrad, was unanimously selected by the Board of Directors to succeed Bill Reid as Chairman of the Board. Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $92 million to shareholders in monthly dividends since declaring production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Mexus Gold US Mining Updates

Mexus Gold US announced today that progress at the San Felix is being made. Paul Thompson stated, “We have a couple of options we are looking at for the San Felix project both of which will be extremely beneficial to the long term outlook of the company.” On December 21 and 22, Mr. Thompson met with four representatives from a Nevada mining company. There are currently six parties negotiating for the San Felix property.

Mercator Minerals Confirms Closing on Bridge Loan

Mercator Minerals Ltd announces that further to the December 12, 2013 press release announcing the proposed business combination between Mercator and Intergeo MMC Ltd, the Company has satisfied the conditions precedent required for the initial draw down of funds under the bridge loan with Intergeo’s controlling shareholder, Daselina Investments Ltd.

Tarsis Closes Financing

Tarsis Resources Ltd. is pleased to announce that the financing announced on November 21, 2013 and increased on December 16, 2013 has been closed.

International Minerals Closes Arrangement with Hochschild

International Minerals Corporation and Chaparral Gold Corp. announce the closing of the previously-announced transaction by way of a plan of arrangement involving IMZ and Hochschild Mining plc, pursuant to which Hochschild has acquired all of the outstanding shares of IMZ.

La Jornada: Autoriza la Semarnat explotar cobre a cielo abierto en Zacatecas

Se expulsará a las últimas 20 familias que durante dos años se negaron a dejar Mazapil. Autoriza la Semarnat explotar cobre a cielo abierto en Zacatecas
Minera Tahuaya espera extraer diariamente 43 toneladas métricas de cobre catódico de alta pureza. Cada año utilizará en sus procesos 97 mil toneladas de ácido sulfúrico y 850 de explosivos.

Gold Resource Corporation Modifies and Declares its Instituted Monthly Dividend for December

Gold Resource Corporation declares its monthly dividend for December 2013 payable on January 23, 2014 to shareholders of record as of January 13, 2014. The Company is modifying its instituted monthly dividend from $0.03 per share per month to $0.01 per share per month beginning with this December dividend. The dividend modification is due to continued precious metal price weakness and volatility, the recent 8% tax imposed upon precious metal producers in Mexico, cash conservation strategies and to maintain flexibility for future opportunities. Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $92 million to shareholders in monthly dividends since declaring production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Our company BYLSA DRILLING provides drilling services in a variety of environments, ranging from typical exploration sites to extreme topographic conditions, always with the highest quality and safety standards.
Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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