Month: February 2014

Almaden Files 43-101 Resource Update Technical Report for the Tuligtic Project, Mexico

Almaden Minerals Ltd. is pleased to announce the completion and filing of the National Instrument 43-101 Independent Technical Report for the Company’s Tuligtic Gold-Silver Project, Mexico. The Independent Technical Report was prepared following the guidelines of the Canadian Securities Administrators National Instrument 43-101 and Form 43-101F1 and was authored by Kris Raffle, P.Geo. of APEX Geoscience Ltd. and Gary Giroux, M.A.Sc., P.Eng. of Giroux Consultants Ltd. both of whom are Qualified Persons as defined by National Instrument 43-101 and have reviewed and approved the contents of this news release. The report is filed on SEDAR and can be viewed on the SEDAR website,, and Almaden’s website,

Tarsis Financing Fully Subscribed

Tarsis Resources Ltd. is pleased to announce that the private placement announced on February 25, 2014 to raise $200,000 for exploration work on the La Tejona area of the Yago property has now been fully subscribed and will close shortly.

Golden Minerals Reports 2013 Year-End Results

For the year ending December 31, 2013 Golden Minerals recorded revenue of $10.7 million and costs of metals sold of$17.5 million for a negative gross margin of $6.9 million related to the sale of metals at the Velardena Properties inMexico. The Company suspended mining operations at Velardena on June 19, 2013 due to depressed precious metals prices in order to conserve the asset until the Company is able to create new mining and processing plans that at then-current silver and gold prices indicate a sustainable cash margin. The Company recorded a 2013 net loss of $240.4 million, of which $210.7 million is attributable to non-cash impairment charges, net of tax. Approximately$204.2 million of the net impairment charges were recorded in the second quarter 2013 related to lower metals prices and to the suspension of mining and processing activities at Velardena in June 2013. The remaining $6.5 million in non-cash impairment charges, net of tax, were recorded during the fourth quarter 2013.

Seeking Alpha – New Gold’s CEO Discusses Q4 2013 Results – Earnings Call Transcript

During the quarter, our four operating mines produced 107,000 ounces of gold at very low cost. This enabled us to generate over $90 million of cash flow in the quarter. In 2013 New Gold produced 398,000 ounces of gold at a cash cost of $377 an ounce, representing the lowest cash costs in our company’s history. Our low cost position enables us to generate strong cash flows in 2013. After adjusting for non-recurring items, we generated $249 million of cash flow. Our adjusted earnings in the quarter were $0.04 per share and for the full year were $0.13 a share.

Elevará Minera Frisco producción

Frente a un escenario de bajos precios en los metales, Minera Frisco apostará por un crecimiento en los volúmenes de producción con sus nuevos proyectos.

Gobierno federal omiso en proteger Wirikuta

Denunciaron organizaciones sociales que apoyan a los aborígenes de la sierra del norte de Jalisco y del este de Nayarit en su disputa por sus sitios sagrados del este, en San Luis Potosí.

Nyrstar: Rectified Shareholder Notification

On 27 February 2014 Nyrstar was informed by Blackrock that its notification dated 13 December 2012 on significant shareholdings in accordance with Belgian Law of 2 May 2007 on the disclosure of significant shareholdings in listed companies was incorrect.

Elabora el gobierno un estudio para declarar a Tetela de Ocampo área natural protegida

La Secretaría de Desarrollo Rural, Sustentabilidad y Ordenamiento Territorial informó que elabora un estudio previo justificativo para analizar la factibilidad de declarar área natural protegida al municipio de Tetela de Ocampo, con 15 demarcaciones más; tal como han pedido los pobladores de la región para impedir las actividades mineras de la empresa Frisco del magnate Carlos Slim Helú.

Mammoth Samples Up to 73.4 Grams Per Tonne Gold from Its Outcrop Grid Sampling Program for Purposes of Advanced Metallurgical Testing,Tenoriba Project, Mexico

Mammoth Resources Corp. is pleased to announce results from its recently completed, detailed mapping and sampling program (five by five metre grid spacing) at five select, large outcrops (measuring tens of square metres) located within the Los Carneritos target area (as recommended in the company’s recently posted Technical Report – refer to the company’s web site, “Projects” section, “Technical Reports”). Rocks sampled in these five areas included highly silicified, felsic volcanic and chaotic volcanic breccias with patches of vuggy silica which returned numerous high gold grades, including one exceptional sample, sample number 330952 which assayed 73.4 grams per tonne (g/t) gold from what is being called Draw Point 4 within the Carneritos area (refer to Technical Reports within the Projects section of the company’s web site at for a summary report on this program, including a table of complete assay results plus the various sample location maps listed below. Figure 1 – Draw Point Location Map, Carneritos Area, Tenoriba Project is both available in the report and attached to this press release).

Firman acuerdo Ferromex y Ternium en industria minero-metalúrgica

Ciudad de México.- Con el objetivo de incrementar el movimiento de carga de los productos generados por la industria minero-metalúrgica, la acerera Ternium, uno de los mayores grupos minero-metalúrgicos del mundo, llegó a un convenio a largo plazo para la transportación de sus insumos y producción a través de Ferromex.

Buenaventura Announces Fourth Quarter and Full Year 2013 Results

Compañia de Minas Buenaventura S.A.A., Peru’s largest publicly-traded precious metals mining company, announced today results for the fourth quarter 2013 and full year periods, ended December 31, 2013. All figures have been prepared in accordance with IFRS (International Financial Reporting Standards), on a non GAAP basis and stated in U.S. dollars.

Orex Announces Up to $5 Million Private Placement

Orex Minerals Inc. is pleased to announce that it has entered into an agreement with M Partners Inc. to act as lead Agent in respect of a best efforts private placement offering of up to 20,000,000 units of the Company at a price of $0.25 per Unit for gross proceeds of up to $5,000,000. Each Unit will consist of one common share and one half of a common share purchase warrant. Each whole Warrant will be exercisable for one common share of the Company at $0.30 for a period of 24 months from closing.

Primero and Brigus Announce Shareholders Vote in Favour of Acquisition of Brigus

Primero Mining Corp. and Brigus Gold Corp. are pleased to announce the positive results of their respective shareholder votes to approve the previously announced plan of arrangement whereby Primero will acquire all of the outstanding common shares of Brigus. The acquisition is expected to close on March 5, 2014. Brigus’ principal assets are the wholly owned Black Fox mine and mill, and adjoining properties, Grey Fox and Pike River in the Timmins Gold District of Ontario, Canada.

Goldgroup Receives Explosives Permit at Cerro Prieto

Goldgroup Mining Inc. is pleased to announce that its 100% owned subsidiary, Granmin S.A. de C.V. has received the permit for use of explosives from the Mexican military called SEDENA (“Secretary of National Defense”). This represents the final permit necessary for full-scale operations at the Company’s 100%-owned Cerro Prieto open-pit, heap leach gold mine located in Sonora, Mexico. The explosives permit allows Goldgroup to order and use explosives for mining purposes under the supervision of the military. The Environmental Impact Statement and the Authorization of Change of Land Use for the Cerro Prieto project have previously been granted.

Seeking Alpha – First Majestic Silver Management Discusses Q4 2013 Results – Earnings Call Transcript

Hello, and thank you for standing by. This is the conference operator. Welcome to the First Majestic Silver Fourth Quarter 2013 and Year-End Earnings Conference Call. And the conference is being recorded. After the presentation, there’ll be an opportunity to ask questions. At this time, I’d like to turn the conference over to Keith Neumeyer, President and CEO of First Majestic Silver. Please go ahead.

Marlin Gold Announces Streaming Acquisition to Launch Sailfish Royalty Corp.

Marlin Gold Mining Ltd. is pleased to announce the creation of Sailfish Royalty Corp. Sailfish will be a wholly-owned subsidiary of Marlin, domiciled in the British Virgin Islands. It is anticipated that the shares of Sailfish will eventually be distributed to Marlin shareholders, with Sailfish becoming a separate publicly traded company. Initially, Sailfish will be populated with a gold stream entitling it to purchase 25% of the gold produced from Marlin’s La Trinidad mine located in Sinaloa, Mexico, at US$1,150 per troy ounce for the next 40 years.

Bacanora Announces Issuance of Shares for Services Rendered

BACANORA MINERALS LTD. announces the issuance of an aggregate of 90,000 common shares at a price of $0.40 per share to James Leahy, a director of the Corporation. The foregoing shares are being issued in payment of services rendered under a consulting agreement (as amended) pursuant to which Mr. Leahy has provided various corporate financial advisory and other related services to Bacanora. The foregoing consulting services have been recorded and disclosed in the Corporation’s most recent financial statements for the period ended September 30, 2013. The completion of this share issuance is subject to the approval of the TSX Venture Exchange. Upon issuance, the foregoing shares will be subject to a statutory four-month hold period in accordance with applicable securities laws.

Excellon announces resignation of director

Excellon Resources Inc. announces that Mr. Ned Goodman has resigned as a director effective immediately. He will resume his role as a special advisor to the board of directors of the Company. This week Mr. Goodman resigned from a number of public company boards due to increased work commitments as the President and Chief Executive Officer and Director of Dundee Corp. and as Chairman of the board of directors of DREAM Unlimited Corp.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.
Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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