Local micro-cap explorer Azure Minerals became the darling of the junior mining sector yesterday, jumping more than 250 per cent after declaring a significant copper hit in Mexico.
Gold Resource Corporation today announced high-grade mineralization at its Las Margaritas property with drill intercepts including 2.85 meters of 27.90 grams (0.89 ounces) per tonne gold and 2600 grams (84 ounces) per tonne silver. 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 $69 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.
Goldcorp Inc. updated its production and cost guidance on Monday evening, and the numbers were clear disappointments. Expected production for 2013 is now 2.55 to 2.8 million ounces, down from the prior forecast of 3.2 million (with a notably low target for the Penasquito mine). Cash costs are forecast at US$700 to US$750 per ounce on a co-product basis, well above the 2012 level of US$645 in ounce.
Sierra Iron Ore Corp. in conjunction with “Aztec Zinc de Mexico S.A. de C.V” has initiated legal action against a neighboring company that owns and operates a mine on adjacent property to the recently optioned Mazomique property that is located south of the El Creston property.
Corex Gold Corp. shareholders at the Extraordinary General Meeting convened earlier today voted to support the approval of the previously announced (November 6, 2012) Option Agreement with Vale Exploraciones Mexico S.A. de C.V., a wholly-owned subsidiary of Vale S.A. wherein Vale may acquire up to a 65% interest in the Company’s Santana Project.
Seafield Resources Ltd. is pleased to announce the appointment of Richard Niels to its technical team as Senior Project Geologist for the Quinchía Gold Project, in the Department of Risaralda, Colombia. Mr. Niels will be responsible for leading the geological program at the Company’s Miraflores Deposit, as the Company progresses the deposit toward feasibility. Mr. Niels will also lead the Company´s current geological exploration program on the Tesorito target, as well as other future exploration opportunities.
Silver Standard Resources Inc. announced 2012 production at the Pirquitas mine in Jujuy, Argentina and provided production and cost guidance for 2013.
Alamos Gold Inc. today reported record fourth quarter and annual gold production, achieving its production guidance for the year of 200,000 ounces of gold. The Company also provided guidance on 2013 production and operating, development and exploration budgets.
San Marco Resources Inc. has received notification from Patriot Minefinders Inc. that they will not be proceeding with the La Buena property option.
Goldcorp Inc. today announced gold production and cash costs for 2012 and provided production and cash cost guidance for 2013 and the five-year period ending 2017.
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