Year: 2013

Fortuna reports record net income, operating cash flow, and sales for 2012

Fortuna Silver Mines Inc. today announces 2012 revenue of $161 million and net income of $31.5 million for the year. For the fourth quarter revenue totaled $37.9 million with net income of $8.5 million. Record silver and gold production for the year increased to a record 3,987,757 ounces and 20,699 ounces, respectively, at a consolidated cash cost per ounce, net of by-product credits, of $5.96.

Timmins Gold reports record Free Cash Flow, Profit from Operations and Earnings Per Share for fiscal 2012

Timmins Gold Corp. is pleased to report its financial results for the year ended December 31, 2012. The comparative period is the nine months ended December 31, 2011 due to the change in year-end during December 2011. All results are presented in United States dollars unless otherwise stated. Readers should refer to the 2012 management discussion and analysis and consolidated financial statements for complete information.

Serengeti Announces Engagement of IR Firm and Option Grant

Serengeti Resources Inc. announces the engagement of Bucher Money, Market & Analysis GmbH; the continued engagement of Paradox Public Relations; and the grant of incentive stock options to employees, officers, directors and consultants.

Bearing Resources Ltd.: Repricing of Options

Bearing Resources Ltd. announces that its Board of Directors, subject to shareholder and TSX.V approval, has approved the re-pricing of a total of 2,135,000 options to purchase common shares to an amended exercise price of $0.15 per Option. The closing price of the Company’s common shares on the TSX.V on Friday, March 15, 2013, prior to the approval of the Re-Pricing, was $0.07. A total of 1,935,000 of the Options had been issued on July 12, 2011 with an original exercise price of $0.72. A further 200,000 Options had been issued on December 15, 2011 at an original exercise price of $0.38.

Gold Resource Corporation Announces Change In Independent Auditors

Gold Resource Corporation today announced the appointment of KPMG LLP as its independent auditors for the year ending December 31, 2013, replacing StarkSchenkein, LLP. Gold Resource Corporation is a low-cost gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $75 million to shareholders in monthly dividends since declaring commercial production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Azure Minerals Limited : Sale of Non-Core Projects

Azure Minerals Limited is pleased to inform shareholders that the Company has sold two of its Mexican projects – the Estacion Llano and San Juan projects, located in the state of Sonora, Mexico for US$100,000.

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