Alta Vista Ventures Ltd. is pleased to announce that it has signed a Letter of Intent with Tosca Mining allowing Tosca to acquire a 100% interest in the Carol Property located in southern Sonora State, Mexico.
Precipitate Gold Corp. is pleased to announce that it has completed its due diligence review and has notified Gunpoint Exploration Ltd. of its decision to proceed with the option to acquire a 100% interest in the Cecilia Project in Sonora, Mexico.
Oremex Silver Inc. announces that the Company and its wholly-owned Mexican subsidiary, Minera Mantos S. de R.L. de C.V., have entered into an agreement with First Majestic Silver Corp. pursuant to which the Company and Minera Mantos will grant to First Majestic an option to acquire, through a wholly-owned Mexican subsidiary, each of (i) an undivided 100% registered and beneficial title to the Company’s Chalchihuites mineral exploration property and (ii) all of the right, title and interest of the Company in the Navidad mineral exploration property as at the time of the exercise of the Company’s option in relation thereto in exchange for the aggregate option payment of $1,500,000. Oremex considers the Properties to be non-core assets of the Company.
Gunpoint Exploration Ltd. is pleased to announce that Precipitate Gold Corp. has completed its due diligence review and has notified Gunpoint of its decision to proceed with the option to acquire a 100% interest in the Cecilia Project in Sonora, Mexico from Gunpoint.
Goldcorp Inc. today reported adjusted quarterly revenues1 of $1.2 billion, generating adjusted net earnings1,2 of $190 million, or $0.23 per share, compared to $441 million, or $0.54 per share, in the third quarter of 2012. Revenues were $929 million and net earnings were $5 million in the quarter compared to net earnings of $498 million in the third quarter of 2012. Adjusted operating cash flow1,3 was $375 million, or $0.46 per share, compared to $686 million, or $0.85 per share, in the third quarter of 2012.
Teck Resources Ltd. reported stronger-than-expected third quarter earnings due to record coking coal sales, but profit still plunged 41% from last year because of lower prices for coal and other commodities.
First Majestic Silver Corp. is pleased to announce that further to its news release on September 30, 2013, the Court of Appeal has dismissed the appeal of Hector Davila Santos and Minerales y Minas Mexicanas, S.A. de C.V.
Total zinc in concentrate production of 70,000 tonnes in Q3 2013, down 7%
Agnico Eagle Mines Limited today reported quarterly net income of $47.3 million, or $0.27 per share for the third quarter of 2013. This result includes a non-cash foreign currency translation loss of $6.5 million ($0.04 per share), non-cash stock option expense of $5.2 million ($0.03 per share), and other non-cash and non-recurring expenses of $1.5 million ($0.01 per share). Excluding these items would result in an adjusted net income of $60.5 million, or $0.35 per share. In the third quarter of 2012, the Company reported net income of $106.3 million, or $0.62 per share.
Bacanora Minerals Ltd. is pleased to announce that a diamond drilling rig under contract from Godbe Drilling of Colorado, USA has arrived on site and has commenced the second stage of drilling on the El Sauz and Fleur concessions that are under joint venture with Rare Earth Minerals PLC. The crew has currently completed the drilling of hole 1 of the 24 holes planned for this second stage of drilling on the Concessions. The first hole on this campaign (ES-11) was drilled approximately 200 metres northeast of hole ES-01 and is within 20 metres of the boundary with the La Ventana concession. It was drilled to a total depth of 258.16 metres and intersected a 35 metre interval of the upper clay unit and a 24 metre interval of the lower clay. The estimated true thickness of the upper clay is 33 metres and that for the lower clay is 22.5 metres. The preliminary log of the main units intersected in ES-11 is tabulated below.
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