Month: May 2014

Lincoln Mining Amends Proposed Share Consolidation .

Lincoln Mining Corporation reports it proposes to consolidate the Company’s common shares on the basis of one post-consolidation common share for every ten pre-consolidation common shares. In accordance with current TSXV policies, shareholder approval will not be required for the proposed consolidation. The proposed consolidation has been approved by the Company’s board of directors.

Goldcorp elects Clem Pelletier to Board of Directors; Announces voting results from Annual Shareholders Meeting

GOLDCORP INC. is pleased to announce the election of Mr. Clement A. Pelletier to its Board of Directors. Mr. Pelletier, 68, currently serves as Chief Executive Officer of Rescan Group Ltd., a Canada-based environmental consulting firm to the resource industry. The Company also announced that A. Dan Rovig has retired from the Goldcorp Board of Directors, leaving the number of directors at ten.

Virgin Metals Inc. Announces Share Consolidation

Virgin Metals Inc. announces that further to its press release of April 17, 2014, management of the Company has decided to implement the consolidation of the fully paid and issued common shares of the Company on the basis of one (1) post-consolidation common share for each ten pre-consolidation common shares issued and outstanding as approved by the shareholders of the Company at the special meeting of Shareholders held on April 16, 2014.

Tomas Guerrero resigns from Fortuna Board of Directors

Fortuna Silver Mines Inc. announces that Mr. Tomas Guerrero has tendered his resignation from the board of directors of Fortuna. After over forty years of leadership in the mining industry, including joining the Fortuna board in 2005, Mr. Guerrero’s decision to resign stands from his desire to dedicate his time to family and personal business.

Agnico Eagle reports first quarter 2014 operating and financial results – Record quarterly gold production builds on 2013 operational success

Agnico Eagle Mines Limited today reported quarterly net income of $108.9 million, or $0.63 per share for the first quarter of 2014. This result includes a non-cash foreign currency translation gain of $8.3 million ($0.05 per share), non-cash stock option expense of $9.5 million ($0.05 per share) and other non-recurring gains of $3.3 million ($0.02 per share). Excluding these items would result in adjusted net income of $106.8 million, or $0.61 per share. In the first quarter of 2013, the Company reported net income of $23.9 million, or $0.14 per share.

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