Year: 2013

Drilling Expands New Central Zone at El Gallo 1 Mine

McEwen Mining Inc. announces that follow-up core holes at the new Central Zone have expanded the gold mineralization in several directions. Central is located inside the Company’s El Gallo 1 mine in Sinaloa, Mexico (Fig. 1). It is situated between two known resources, where mining began on April 1st (Fig. 2). Based on the results in this news release plus prior holes, there appears to be good potential to mine the area as one enlarged open pit rather than as two separate pits.

Mineralization Extended Over 600 M From The Alta Ley And El Gallo Areas Of Sierra Metals¡¯ Bolivar Mine, Chihuahua Mexico

Sierra Metals Inc. (previously Dia Bras Exploration) is pleased to announce that drilling has encountered wide zones of mineralization in both the Upper and Lower Skarn horizons located 600 m northwest of the major ore-hosting zones of the Bolivar (Alta Ley) Mine. In addition, step-out drilling from the El Gallo deposit has extended that mineralized zone 600 m to the northeast with high grades of zinc in the Upper Skarn horizon.

Pan American Silver’s Board approves second dividend of 2013 in the amount of $0.125 per share

Pan American Silver Corp. announced that its Board of Directors has approved the second quarterly cash dividend of 2013 in the amount of $0.125 per common share. Should the Company’s Board of Directors continue to approve future quarterly dividends in the same amount, the annual dividend paid by Pan American would be $0.50 per common share, which represents a yield of approximately 3.9% based on the Company’s closing share price on May 13, 2013.

Grupo México invierte 620 mdd durante el 1T13

Grupo México invirtió 620 millones de dólares durante el primer trimestre del 2013 en sus divisiones minera, transporte e infraestructura, lo que representó el 108 por ciento de su utilidad neta consolidada en este período y una cifra récord para un trimestre.

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