Month: February 2014

Goldcorp declares second monthly dividend payment for 2014

GOLDCORP INC. is pleased to declare its second monthly dividend payment for 2014 of $0.05 per share. Shareholders of record at the close of business on Thursday, February 13, 2014 will be entitled to receive payment of this dividend on Friday, February 21, 2014.

Cortez Gold Corp.: US$2 Million Debt Facility Finalized

Further to its press release of December 2, 2013, Cortez Gold Corp. announces that it has entered into agreements with various lenders for a debt facility in the aggregate amount of US$2 million, which funds have now been advanced to the Company. No payments are required on the Loan, which has a 24-month term, until after the 18th month following the effective date of disbursement of the Loan funds. After the 18th month, a payment of interest only will be due and payable (covering interest for the 18 months that the Loan will have been outstanding), and interest payments shall continue thereafter on a monthly basis until the end of the term. At the end of the term, the principal amount plus any outstanding interest will be due and payable.

Riverside and Alliance Partner, Hochschild Mining Plc., Acquire Option to Earn 100 Percent Interest in the Cajon Gold Project in Sonora, Mexico

Riverside Resources Inc. is pleased to announce that it has signed a Definitive Agreement with a private Mexican company to acquire an undivided 100% interest in the Cajon Gold Project. The 94 km2 Project is located approximately 7 km east of the Cerro Colorado Mine and approximately 55 km west of the San Francisco Mine, within the Sonora Megashear Gold Belt, and in the source area of the Boludo placer gold fields, one of northern Mexico’s most productive placer districts. Recent exploration work completed by the private company, and its past option partner, demonstrates excellent potential with a number of historically sampled high-grade mineralized systems covering 10 separate target areas.

Monarchy Announces Stockpile Increase to 9,000 Tons of Ore

The Company is pleased to provide an update on the stockpiled ore at its three working mines; Morelos, La Luna, and Peneto. The Company is a 45% shareholder in New World Metals, the owner of these three mines located in Chihuahua, Mexico. New World has informed the Company that they have continued to stockpile the ore they have recovered at all three mine locations, and have increased the amount of stockpiled ore by an additional 1,000 tons to a total of 9,000 tons of ore. This stockpiled ore will form the initial supply of ore that New World plans on processing once it has acquired and installed a processing plant on location at two of the mine sites.

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