Seeking Alpha – Goldcorp’s CEO Discusses Q1 2013 Results – Earnings Call Transcript
May 2, 2013
Goldcorp Inc. (GG) Q1 2013 Earnings Call May 2, 2013 1:00 PM ET
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Goldcorp Inc. (GG) Q1 2013 Earnings Call May 2, 2013 1:00 PM ET
Telson Resources Inc. announces that it intends to conduct a non-brokered private placement of up to 7,000,000 units of the Company. The placement is expected to close in two or more tranches. Each unit is priced at $0.05 per unit, resulting in gross proceeds of up to $350,000 when fully closed. Each unit is comprised of one common share of the Company and one full share purchase warrant. Each share purchase warrant entitles the holder thereof to purchase one additional common share of the Company at $0.10 within one year of its date of issuance.
Santo Mining Corporation, announced that on March 13, 2012 the Company entered into a definitive long-term license agreement with Campania Minera Los Angeles Del Desierto SA De CV (Mexico) to develop and mine its three metallic concessions located at Ocampo, Coahuila, Mexico, 45 miles south of the United States border. Pursuant to the 15 year Agreement, the Concessionaire will receive a 40% of any royalty from the Concessions and the Company will keep the remaining 60%. The Concessions total more than 7.27 square kilometers and have been assayed for Gold and Silver with impressive grades. Most entitlements are in place including the environmental permit.
Maxim Finskiy, 22 Tverskaya, Ulitsa, Moscow 125009, Russia, announces that, pursuant to a private placement financing, he acquired, through a company wholly-owned by him, beneficial ownership of and/or control or direction over 5,000,000 common shares of Red Tiger Mining Inc. Finskiy paid CDN$0.10 per Red Tiger common share pursuant to the Private Placement.
Goldcorp Inc. today reported quarterly revenues of $1.0 billion, generating adjusted net earnings1,2 of $253 million, or $0.31 per share, compared to $404 million, or $0.50 per share, in the first quarter of 2012. Reported net earnings were $309 million compared to $479 million in the first quarter of 2012. Adjusted operating cash flow1,3 was $400 million.
Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to report financial results for the three month periods ended March 31, 2013 and 2012.
Soltoro Ltd. has received the first year anniversary option payment of US $125,000 from Gold Reserve Inc. who has the right to earn an undivided 51% interest in Soltoro’s 100% owned La Tortuga property located in Jalisco State, Mexico.
Plata Latina Minerals Corporation is pleased to announce additional drill results from its most recent drill program on its Naranjillo and Vaquerias projects.
International Northair Mines Ltd. is pleased to announce that Focus Ventures Ltd. has reported to Northair that a drill program has commenced at the Company’s El Reventon silver-gold property, located in the State of Durango, Mexico.
First Majestic Silver Corp. is pleased to announce that the expansion that commenced at the La Guitarra Silver Mine in November 2012 is now complete. The processing plant’s capacity increased by 40% to 500 tpd from 350 tpd and commercial production is expected to reach 500 tpd during the month of May.
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