Month: May 2014

Aurcana Corporation is pleased to announce that further to its press release dated April 30, 2014, it has received regulatory acceptance to the issuance of the balance of 10,081,252 common shares pursuant to the terms and conditions of the amended and restated credit facility agreement dated April 29, 2014 with Orion Mine Finance Fund I LP, an affiliate of Orion Mine Finance Group.

Orex Minerals Inc. announces that it has granted 200,000 incentive stock options to consultants and a director to purchase 200,000 shares in the capital of Orex at an exercise price of $0.25 per share and with a five year term. The options will vest immediately.

Pan American Silver Corp.’s Board of Directors has approved the second quarterly cash dividend of 2014 in the amount of $0.125 per common share. Should the Company’s Board of Directors continue to approve future quarterly dividends in the same amount, the annual cash dividend paid by Pan American would be $0.50 per common share, which represents a yield of approximately 4.0% based on the Company’s closing share price on NASDAQ on May 8, 2014.

McEwen Mining Inc. is pleased to provide a summary of the Company’s Q1 2014 financial and operating results.

Primero Mining Corp. today reported operational and financial results for the first quarter ended March 31, 2014. During the first quarter the Company completed the acquisition of Brigus Gold Corp., reported strong production of 39,758 gold equivalent ounces1 compared to 27,656 gold equivalent ounces in the same period of 2013 and an adjusted net loss2 of $2.9 million ($0.02 per share).

Alta Vista Ventures Ltd. is pleased to announce that the TSX Venture Exchange has approved the consolidation of its issued and outstanding share capital such that every two existing shares will be consolidated into one new share effective May 9, 2014. There will be no change in the Company’s name. The share consolidation received TSX Venture Exchange acceptance on May 8, 2014.

Las expectativas para Minera Autlán en este año son alentadoras partiendo de que los motores de crecimiento provendrán de la incorporación de los resultados de la compañía Energética Mexicana (CEM), la cual desarrolló y opera la Central Hidroeléctrica de Atexcaco.

Capstone Mining Corp. today announced its financial results for the three months ended March 31, 2014, posting a loss of $4.4 million due to a non-cash ore stockpile write-down. Operating cash flow before changes in working capital was $47.1 million compared to $20.1 million in the first quarter of 2013. Copper production for the quarter at Capstone’s three operating mines, Pinto Valley, Cozamin and Minto, totalled 27,644 tonnes of copper in concentrates and cathode (26,635 tonnes of payable copper) at a C1 cash cost of $1.89 per payable pound of copper produced.

Coeur Mining, Inc. reported first quarter 2014 revenue of $159.6 million, adjusted net loss1 of $19.5 million, and cash flow from operating activities of $(9.6) million ($14.9 million before changes in operating assets and liabilities). The Company realized average metal prices of $20.29 per silver ounce and $1,298 per gold ounce during the quarter, which were 33% and 20% lower, respectively, than during the first quarter of 2013.