Orestone Mining Corp. is pleased to announce that it has signed a five year option agreement with Kootenay Silver Inc. to earn a 60-per-cent interest in the 700 hectare Estrella de Oro gold exploration property located in Sonora State, Mexico approximately 200 kilometers southeast of the city of Hermosillo.
Santa Fe Metals Corporation announces that, subject to regulatory approval, it has entered into a share exchange agreement with Global Resources Investments Ltd, an arm’s length party to the Company.
Torex Gold Resources Inc. has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis by way of a short form prospectus, 104,200,000 units each unit consisting of one common share and one half of one common share purchase warrant, at a price of C$1.20 per Unit for gross proceeds of C$125,040,000. Each whole common share purchase warrant will entitle the holder to purchase one common share of the Company at a price of C$1.50 prior to the date which is 6 months following the closing of the Offering. The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close on or about February 12, 2014 and is subject to the Company receiving all necessary regulatory approvals.
VVC Exploration Corporation announces that it expects to close, by the end of the month, a Private Placement Financing of up to $1.5 million representing 30 million units at a price of $0.05 per Unit. Each Unit consists of one common share and one common share purchase warrant of the Company. Each Warrant entitles the holder to purchase one additional common share of the Company at $0.12 per share for the first 2 years and at $0.18 for years 3, 4 and 5. The net proceeds will be used to maintenance fees and option payments on the Company’s properties in Mexico pay accounts payables, general corporate expenses, operating expenses in Mexico.
Gold Resource Corporation today announced preliminary 2013 fourth quarter and year-end mill production of approximately 84,835 precious metal gold equivalent ounces, in-line with 2013 annual production target range. Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $92 million to shareholders in monthly dividends since declaring production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
McEwen Mining Inc. is pleased to announce that the Secretariat of Environment and Natural Resources (SEMARNAT) for the State of Sinaloa, Mexico, has approved the Company’s Change of Land Use application for El Gallo 2. This final environmental permit allows for the construction and operation of the proposed mine. El Gallo 2 is projected to produce an average of 95,000 gold eq. ounces per year (5.2 million ounces of silver and 6,100 ounces of gold) at an approximate cash cost of$750 per gold eq. ounce (including all pre-strip and Mexican royalties). All in sustaining costs have been estimated at approximately $800 per gold eq. ounce (including an estimated $5 million per year on exploration). Gold equivalent ounces are calculated by converting silver into gold using a 60:1 exchange ratio.
Mexican President Enrique Peña Nieto had much to celebrate during the New Year festivities. Few modern Mexican presidents can claim to have championed as many deep reforms and succeeded. Of the dozen reform bills Peña Nieto pushed through Congress, five required amendments to the constitution. To put this feat in perspective, Peña Nieto accomplished more in his first year in office than his three most recent predecessors combined.
Silver Bull Resources, Inc. is pleased to provide a 2013 year-end review and 2014 road map to its shareholders. The company is focused on advancing the company’s flagship Sierra Mojada silver-zinc project, located in the historic Sierra Mojada mining district in the state of Coahuila, northern Mexico.
CANGOLD LIMITED announces that it has entered into a new consulting agreement with San Diego Torrey Hills Capital, Inc. on January 20, 2014 for the provision of investor relations services including developing, coordinating, managing and executing a comprehensive corporate finance and investor relations campaign for the Company. The Agreement is for an initial term of 6 months. After the initial 6-month term, the Agreement shall terminate at any time upon 30 days written notice by either party.
Fortuna Silver Mines Inc. is pleased to announce results for step-out drilling of the Trinidad North discovery located contiguous with the San Jose Mine in Oaxaca, Mexico. Assay results are presented for eight drill holes completed in the fourth quarter of 2013 confirming the continuation of the high-grade Trinidad North zone over a further 200 meter strike extension beyond the limits of existing Inferred Resources. The mineralization remains open to the north and to depth as well as vertically above the 1200 meter level.
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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
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The promotion and dissemination as essential elements to understand and disseminate our Mineral resources, that is why today it is pleased to make the document “Mining Panorama” available to society, by state.
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The DOF is the organ of the Constitutional Government of the United Mexican States, which has the function of publishing in the national territory, to so that they are properly observed and applied in their respective areas of competence.
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