It is with unfathomable sorrow that we must advise of the sudden and unforeseen passing of our dear friend, colleague and leader, Robert Kramer, Chairman and CEO of the Company. The Board of Directors extends its deepest sympathy to Mr. Kramer’s family, and will meet at its earliest opportunity to appoint and announce an interim Chairman and CEO.
West Melville Metals Inc. has completed an initial due diligence investigation on the Alex Copper Property located in Sonora, Mexico. Results are sufficiently encouraging for the Company to mount a follow-up field program which will commence immediately. The aim of the follow-up program will be to conduct a systematic surface sampling program over the main area of mineralization and to compile an initial property scale geological map.
Fortuna Silver Mines Inc. today reported record revenue of $45.5 million, cash generated from operations, before changes in working capital of $16.9 million and net income of $4.9 million in the first quarter of 2014.
Pan American Silver Corp. issued its quarterly earnings data on Monday. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $0.07, StockRatingsNetwork.com reports.
AuRico Gold Inc. announced the results of the vote for the election of Directors held at the Annual and Special Meeting of Shareholders on May 9, 2014. Detailed results are presented below.
Lincoln Mining Corporation, announces that it has received a C$1,029,000 loan to fund its working capital requirements from Golden Dreams Limited Partnership, the general partner of which is controlled by Mr. Ronald K. Netolitzky, a control person of the Company.
Virgin Metals Inc. announces that further to its press release of May 2, 2014, the Company is awaiting final approval from the TSX Venture Exchange for the consolidation of the fully paid and issued common shares of the Company on the basis of one post-consolidation common share for each ten pre-consolidation common shares issued and outstanding. The Company is also awaiting final approval from the TSXV of its name from Virgin Metals Inc. to Minera Alamos Inc. The Company anticipates receiving final approval of the Consolidation and Name Change soon.
Chesapeake Gold Corp. wishes to announce that it has acquired the 1.5% net smelter return royalty on its 100% owned Metates gold-silver project located in Durango State, Mexico. The royalty was purchased from the royalty holder, SANLUIS Corporation, a private Mexican company, pursuant to exercise of a right of first refusal held by Chesapeake’s Mexican subsidiary, American Gold Metates. The purchase price for the royalty was US$9.0 million.
DynaResource, Inc. is pleased to announce that Mineras de DynaResource S.A. de C.V., the 100% owned subsidiary of DynaUSA and the Exclusive Operator of the San Jose de Gracia Property in northern Sinaloa, México, is reporting the delivery for sale of approximately 236 Oz. gold and 90 Oz. silver.
Camino Minerals Corp. has received and accepted the resignation of Blaine A. Monaghan as V.P. Corporate Development and Corporate Secretary, a role he has held since February 2010. Mr. Monaghan is leaving to join Mark O’Dea’s Oxygen Capital Corp. Oxygen is a private company that provides a full range of financial, corporate and geological management services to private and publicly traded exploration and development companies operating nationally and internationally, including Laurentian Goldfields Ltd., Pilot Gold Inc., True Gold Mining Inc. and True North Nickel Inc.
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.
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.
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