Orex Exploration Inc. is pleased to announce that Willie McLucas has been appointed as President and CEO of the Company, effective immediately, by Orex’s Board of Directors. He succeeds Mark Billings, who will remain as a director and as Chairman of the Board of the Company.
Mammoth Resources Corp. would like to confirm that further to its August 15, 2013 press release, the Company has raised a total of $270,620 of its private placement that was originally announced on June 13th. Whereas the August 15th release had indicated the Company’s intent to raise up to $500,000, the Company intends to raise up to an additional approximately $330,000 for total gross proceeds of up to $600,000. All other terms of the private placement remain the same as previously announced.
Gold Resource Corporation announced today that Chief Executive Officer William (Bill) Reid intends to retire from the Company. Mr. Reid will step down as CEO effective September 30, 2013. He will continue to serve as Chairman on the Companys Board of Directors to assist the Company with an orderly leadership transition. Jason Reid, the Companys President, was unanimously selected by the Board of Directors to succeed Bill Reid as the Companys CEO effective October 1, and will continue to serve as its President and a director.
Oremex Silver Inc. announces Q2 and six month financial results for fiscal 2013. For the second quarter the Company recorded a loss of ($202,301) or ($0.00) cents per share compared to a loss of ($612,803) or ($0.00) per share in Q2 2012. For the six month period the Company recorded a loss of ($496,598) or ($0.00) per share compared to a loss of ($1,257,376) or ($0.01) per share for the six month period in 2012.
Pan American Silver Corp. has decided to close out its outstanding silver and gold hedges.
Timmins Gold Corp. announces that Keith Peck has resigned as a director of the Company. The Company would like to thank Mr. Peck for his contributions to the success of the Company.
Mexicos proposed tax bill would reduce the burden on Petroleos Mexicanos to provide the worlds fifth-largest crude producer more flexibility as output declines, while increasing mining royalties to improve government revenues.
Almaden Minerals Ltd. is pleased to announce the results from Almadens ongoing 2013 Ixtaca Zone drill program at the Companys 100% owned Tuligtic project, Mexico. The 2013 drill program to date has been focussed on expanding the known resource immediately along strike to known mineralisation, adjacent to the current resource shell and within what is considered a potential pit shell. Highlights from the holes released today include the following intercepts (a more complete list of intercepts is shown in the table below):
Major Drilling Group International Inc. today reported results for its first quarter of fiscal year 2014, ended July 31, 2013.
Coeur Mining, Inc. today announced that Hans Rasmussen has joined the Company as Vice President of Exploration effective September 9, 2013. Mr. Rasmussen takes over the senior exploration role from Don Birak who has served Coeur in that capacity since 2004.
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