Month: March 2014

Osisko Reports February Cash Costs

Osisko Mining Corporation is pleased to report February cash costs per ounce(1) of US$555 (C$613) at its flagship Canadian Malartic mine. Osisko previously announced production of 46,154 ounces of gold with record average daily gold production of 1,648 ounces for the month of February.

In $2 Billion Personal Lawsuit against Grupo Mexico CEO Germán Larrea, Courts Strike Down Larrea’s Attempt to Share Blame with Grupo Mexico Subsidiary

A Mexican district court and now court of appeals both have rejected attempts by Germán Larrea Mota Velasco, CEO of Grupo Mexico SAB de CV to compel Tucson, Arizona-based Americas Mining Corporation, a GMexico subsidiary, to answer as co-defendant in the longstanding personal breach of contract lawsuit brought by U.K. investment firm Infund LLP. Larrea is the controlling shareholder of GMexico and No. 67 on the Forbes 2014 World’s Billionaires list.

Resistencia une a indígenas y mestizos contra la minería en Puebla

Sierra Norte de Puebla.- Geográficamente divididos por la cadena de montañas de la Sierra Madre Oriental, la defensa de la tierra y del agua ha unido a los indígenas nahuas y totonacos y a los mestizos que habitan el norte del estado de Puebla en un frente contra la explotación minera y la instalación de plantas hidroeléctricas.

Catalyst Copper Announces Receipt of $1.2 Million in Loans, Repayment of Convertible Notes, Stock Option Re-Pricing, and Adoption of Advance Notice Provisions

Catalyst Copper Corp. announces that it has entered into loan agreements with several private lenders, including an insider of the Company, the Radcliffe Foundation, for an aggregate amount of $1.2 Million bearing interest at a rate of 10% per annum, compounded monthly in arrears. The principal amount of the Loans is due and payable on December 31, 2014. The Company has executed a security agreement in favour of the Lenders granting a first security interest in all present and future undertaking and property of the Company to the Lenders.

Scorpio Mining Reports Fourth Quarter and Year-End Financial Results for 2013

Scorpio Mining Corporation today reported its financial and operating results for the fourth quarter and year ended December 31, 2013. This press release should be read in conjunction with the Company’s audited Financial Statements and Management’s Discussion and Analysis for the year ended December 31, 2013, as available on the Company’s website at www.scorpiomining.com and on SEDAR at www.sedar.com. All monetary figures are expressed in Canadian dollars unless otherwise specified.

Primero Added to NYSE Arca Gold Miners Index

Primero Mining Corp. is pleased to announce that the Company will be included in the NYSE Arca Gold Miners Index (GDM), the preeminent index covering the gold mining industry and the S&P/TSX Equal Weight Global Gold Index, a subset of the S&P/TSX Global Gold Index.

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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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.