Day: December 30, 2013

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.

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.