Month: April 2014

New Gold Announces 2014 First Quarter Results

New Gold Inc. today announces first quarter 2014 operational and financial results. The company produced 91,317 ounces of gold at record-low all-in sustaining costs of $674 per ounce, resulting in strong free cash flow generation.

Acquisition of Securities of Red Tiger Mining Inc.

Maxim Finskiy, 22 Tverskaya, Ulitsa, Moscow 125009, Russia, announces that, pursuant to a private placement financing he acquired, through MMC Holding, 6, rue Eugene de Ruppert L-2453, Luxembourg, Grand Duchy of Luxembourg, a company controlled by him, beneficial ownership of and/or control or direction over 10,928,181 common shares of Red Tiger Mining Inc., representing approximately 9.7% of the issued and outstanding common shares of Red Tiger. Finskiy paid CDN$0.055 per Red Tiger common share pursuant to the Private Placement.

Gold Resource Corporation Releases Reserve Report for La Arista Mine

Gold Resource Corporation has completed a reserve study and issued a report demonstrating proven and probable reserves consistent with Industry Guide 7 promulgated by the U.S. Securities and Exchange Commission for its La Arista Underground Mine on the El Aguila Project with 381,400 ounces of precious metal gold equivalent (AuEq) at an average grade of 8.76 grams per tonne AuEq.Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico.The Company has returned over $96 million to shareholders in monthly dividends since declaring commercial production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Levon Intersects 308 m of 70.77 g/t Ag Eq Including 36 m of 255.96 g/t Ag Eq From Surface, in the Center of the Cordero Resource Chihuahua, Mexico .

Levon Resources Ltd. is pleased to report final drill hole assays from the Phase 4 drilling completed February 13, 2014 on the recently acquired Aida claim at the Company’s wholly owned Cordero project near Hidalgo Del Parral, Chihuahua, Mexico. Twenty four core holes 13,072 metres were drilled on a 100 to 150 m line spacing drill grid, testing the Aida claim which is located in the center of the Cordero resource.

Yamana Gold Declares Second Quarter Dividend

YAMANA GOLD INC. declares its second quarter 2014 dividend of $0.0375 per share. Shareholders of record at the close of business on June 30, 2014 will be entitled to receive payment of this dividend on July 14, 2014. The dividend is an “eligible dividend” for Canadian tax purposes.

Aurcana Amends Credit Facility Agreement and Announces Private Placement

Aurcana Corporation is pleased to announce that it has entered into an agreement to amend the terms of its US$50,000,000 outstanding unsecured loan owing to MF2 Investment Holding Company Limited, an affiliate of Orion Mine Finance Group, as originally announced on September 19, 2013.

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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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.