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.

Fortuna Silver jumps after Mexico intercepts

Fortuna Silver Mines Inc jumped more than 3% on Tuesday after releasing impressive intercepts at the Trinidad North discovery at its San Jose silver-gold mine in Mexico.

Prevé minera canadiense extraer 3.6 tons de oro al año en Ixtacamaxtitlán

Mediante una mina a cielo abierto, la canadiense Almaden Minerals podría obtener ganancias por más de 335 millones de dólares anuales, al extraer de 130 mil onzas de oro (3.6 toneladas) y 7 millones 798 mil onzas de plata (221 toneladas) durante cada uno de los 14 años que calcula de vida útil de explotación del yacimiento “Ixtaca” ubicado en una porción de las 14 mil hectáreas de terreno de su proyecto “Tuligtic” en el municipio serrano de Ixtacamaxtitlán.

Baja Mining Provides Update on Class Action Litigation

Baja Mining Corp. provides a further update to its announcement on April 9, 2014 notifying of the hearing that was held on April 8, 2014 in the Ontario Superior Court of Justice in connection with the proposed class action proceeding previously reported on July 27, 2012.

Mercator Minerals Provides Update on Combination with Intergeo

Mercator Minerals Ltd announces that it has agreed with Intergeo MMC Ltd to certain amendments to the agreements executed in connection with the proposed business combination between Mercator and Intergeo announced on December 12, 2013, including the extension of the completion deadline up to May 30, 2014 and, in certain circumstances, up to August 1, 2014 and additional interim funding.

Fortuna intercepts 2.6 kg/t Ag and 10.8 g/t Au over 3 m at Trinidad North Discovery, San Jose Mine, Mexico.

Fortuna Silver Mines Inc. is pleased to announce additional results for step-out drilling of the Trinidad North discovery located contiguous with the San Jose Mine in Oaxaca, Mexico. Assay results are included for eight drill holes completed in March and April of 2014. The results continue to confirm the extension of the Trinidad North zone with high-grade silver-gold mineralization present over wide vein widths. The results reported herein lie within a 230 meter strike extension of the Trinidad system and generally outside of the limits of the existing Inferred Resources.

Camino Minerals Provides Details Of Proposed Share Consolidation

Camino Minerals Corporation announces that its shareholders will be asked to approve a consolidation of the Company’s common shares on a ten old common shares for one new common share basis at a special meeting of the shareholders of the Company to be held on May 29, 2014. If approved by the shareholders, the Company’s board of directors will have the ability to implement the Share Consolidation. The Company currently has an aggregate of 96,265,432 common shares issued and outstanding. The Share Consolidation, as proposed and if effected today, would reduce the outstanding common shares to 9,626,543 common shares.

Azure Minerals Ltd. – Capital Raising

Azure Minerals Limited is pleased to advise that it has received commitments to participate in a share placement of approximately 64.20 million fully paid ordinary shares at $0.027 each to raise approximately $1.733 million. In addition, under the terms of the Share Placement one (1) free attaching option exercisable at $0.045 each (expiring on 30 November 2016) will be awarded for every 8 shares allotted in the placement.

Amarium Completes Trenching at San Pedro and Prepares for Spring Drill Program

Amarium Technologies Inc., through its wholly owned subsidiary Amarium Minerals Inc., reports the completion of the surface trenching phase of the current exploration program at the San Pedro Mine in Michoacán, Mexico. Eight trenches to depths to 25 feet are completed, with samples submitted to the lab for assaying and broad spectrum analysis. Amarium has scheduled drilling to begin on the property by May 15th.

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