Year: 2013

Golden Minerals Company announced that it has suspended operations at its Velardena mine as of June 21, 2013, in order to conserve the asset until operating plans and prices for silver and gold indicate a sustainable cash margin for operations. The employees at the Velardena mine were informed of the Company’s decision in the afternoon of June 21, 2013. In February 2013 the Company anticipated the Velardena operations would achieve operating cash neutrality during the third quarter 2013, assuming gold and silver prices of $1,600 per ounce and $30 per ounce, respectively. In May 2013 the Company projected a $5 million negative margin from the operations for the remaining three quarters of 2013 at prices of $1,500 gold and $25 silver. Metals prices have continued to decline and remain below these levels.

DynaResource, Inc. is pleased to announce that its 100 % owned subsidiary, Mineras de DynaResource S.A. de C.V. has entered into an Exploitation Amendment Agreement with DynaResource de Mexico S.A. de C.V., the 100 % owner of the San Jose de Gracia Property in northern Sinaloa, Mexico.

Goldcorp Inc. today announced the filing of a claim in the First District Court in Zacatecas by Minera Peñasquito that resulted in the temporary suspension of an agrarian court ruling. The hearing for a permanent suspension will be held on June 27, 2013. The agrarian court ruling relates to a claim by the Cerro Gordo Ejido that challenged surface land rights to 600 hectares (approximately 1,483 acres) of land located in Mazapil, Mexico and within the confines of the Peñasquito mine site. The ruling purports to nullify Goldcorp’s lease of the surface land and orders the land returned to the Cerro Gordo Ejido for payment of 2.4 million pesos.

Newstrike Capital Inc. announces further results from the ongoing drilling program at the Company’s 100% owned Ana Paula Project in Guerrero, Mexico. These results are from drilling designed to test targets within Ana Paula’s floating cone pit (Newstrike press release May 8, 2013) and below the lower part of the breccia zone.

Brigus Gold Corp. is pleased to advise that it has reached a settlement agreement in connection with its Huizopa exploration project located in the Sierra Madre Occidental mountains in Chihuahua, Mexico.