Month: May 2014

Cayden acquires the Shamba-la claim at the El Barqueño Gold Project .

Cayden Resources Inc. is pleased to announce that it has acquired the Shamba-la Concession located within the El Barqueno Concessions in Jalisco, Mexico. Shamba-la is approximately 400 hectares in size and is located along the northwest border of the Pena de Oro target where Cayden is currently drilling.

Focus Accelerates Warrant Expiry

Focus Ventures Ltd. announces the acceleration of the expiry date of warrants previously issued by the Company in connection with its private placement financing completed on November 28, 2013.

IMPACT Silver Corp. intersects new high grade silver vein at depth at San Ramon; expands scope of deep mining plans

IMPACT Silver Corp. is pleased to announce discovery of two new high grade veins in underground holes drilled from the bottom levels of the San Ramon Mine. The discovery of these new veins below the deepest mine workings will extend mine life and indicates potential for discovery of additional mineral resources at depth. Results from these new drill holes include the following:

AHMSA pide cárcel para Gómez Urrutia

Alonso Ancira, presidente de Altos Hornos de México, dijo que la única forma de terminar con la inestabilidad sindical que se vive en la región norte de Coahuila es metiendo al líder minero a la cárcel.

Newstrike Capital Appoints New Director

Newstrike Capital Inc. is pleased to announce the appointment of Mr. Mark D. Backens to its Board of Directors. Mark Backens has over 30 years of global mining experience including most recently as Director of Investment Banking – Mining for Scotia Capital. For most of his career, Mr. Backens had senior management roles with Meridian Gold, Placer Dome and Goldcorp in the areas of engineering, mine construction, mine management and corporate development. Mr. Backens holds a Bachelor of Science in Geological Engineering from South Dakota School of Mines and is a Professional Geologist.

Scorpio Gold Reports Financial Results for First Quarter of 2014

Scorpio Gold Corporation is pleased to announce its financial results for the first quarter ended March 31, 2014. This press release should be read in conjunction with the Company’s condensed consolidated interim financial statements for the three-month period ended March 31, 2014 and Management Discussion & Analysis for the same period, available on the Company’s website at www.scorpiogold.com and under the Company’s name on SEDAR at www.sedar.com. All monetary amounts are expressed in US dollars unless otherwise specified.

Bacanora Announces Intention to Admit to Trading on the AIM Market of the London Stock Exchange

BACANORA MINERALS LTD. is pleased to announce that it has initiated the process of seeking an admission of its common shares to trading on the AIM Market of the London Stock Exchange. A number of professional advisers have been appointed by Bacanora to assist in this process. The Company is presently working through the application process with its advisors and expects to submit materials once reviews and documentation are complete, though there can be no certainty that its shares will be admitted to AIM. Appropriate announcements will be made in due course with material progress.

Minaurum Gold Appoints Mine Developer To Board

Minaurum Gold Inc. is pleased to announce that Mr. David J. Baker, CA has been appointed to the Board of Directors. Mr. Baker has over 20 years of management experience and was part of Ivanhoe Mines that successfully advanced the Oyu Tolgoi Copper and Gold deposit from exploration into production. Over a ten year period with Ivanhoe, he held a number of positions including Vice-President Treasurer, Manager Corporate Development and Manager Finance. As part of the management team at Ivanhoe and in co-operation with the Rio Tinto group, Mr. Baker’s financial and technical experience was instrumental in advancing a $4 billion dollar debt facility with eight government and international banks, and the Government of Mongolia and separately securing over $1 billion dollars in equity financing to progress Ivanhoe projects.

Corex Announces Non-Brokered Private Placement for up to 6,000,000 Units

Corex Gold Corp. is pleased to announce a non-brokered private placement of up to 6,000,000 units at a price of $0.10 per unit, for aggregate gross proceeds of up to CDN $600,000. Each Unit will consist of one common share and one non-transferable share purchase warrant. Each warrant will be exercisable by the holder to acquire one additional common share at a price of $0.15 for 12 months from Closing.

AuRico Gold Inc Declares Quarterly Dividend of C$0.02 (AUQ)

AuRico Gold announced a Quarterly dividend on Thursday, May 15th, Analyst Ratings News reports. Shareholders of record on Tuesday, June 3rd will be paid a dividend of 0.02 per share on Tuesday, June 3rd. This represents a dividend yield of 1.85%. The ex-dividend date is Thursday, May 15th.

Primero Completes Offer to Repurchase Convertible Debentures

Primero Mining Corp. announced today it has completed the repurchase of $1.9 million of its $50.0 million convertible senior unsecured debentures due March 31, 2016. This represents 3.8% of the outstanding aggregate principal amount of the Debentures, pursuant to its offer to repurchase the Debentures announced on April 4, 2014. The repurchased Debentures have been cancelled and $48.1 million remain outstanding.

Arian Silver’s MD&A and Results for the Three Months Ended 31 March 2014

Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Zacatecas, Mexico, announces today the release of its Management’s Discussion and Analysis and unaudited Financial Statements for the three months ended 31 March 2014.

Gold Resource major shareholder Mining Plc Hochschild Sells 2,250,000 Shares (GORO)

Gold Resource major shareholder Mining Plc Hochschild unloaded 2,250,000 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $3.92, for a total transaction of $8,820,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Lincoln Announces Effective Date of Share Consolidation

Lincoln Mining Corporation announces that, further to the Company’s news release dated May 2, 2014; it will proceed with a share consolidation of its issued and outstanding common shares. The Company’s name and trading symbol will remain unchanged.

Defiance Silver Corp.: Shares for Debt Transaction

Defiance Silver Corp. announces that it has arranged to settle an aggregate of $281,294 of outstanding debt owing to certain directors, officers and consultants by paying $82,108 in cash and issuing an aggregate of 1,991,920 common shares at a deemed price of $0.10 per common share.

Torex Reports First Quarter Results

Fred Stanford, President and CEO of Torex stated, “The El Limon-Guajes Project construction is on schedule and on budget, with over 900,000 hours of work without a lost time injury. The recently signed US375 million commitment letter for a debt agreement, once closed and assuming no additional capital requirements by the ESIA, will provide full funding for the Project and was a major de-risking step. Other recent de-risking steps include the receipt of the final required construction permits and the assembly of Torex’s outstanding construction team that will build and operate the project. Our current exploration effort has shifted to the evaluation of the Media Luna resource, and field surveys to identify additional drill targets similar to those that host ore deposits on the property. At the end of March 2014, of the US725 million Capex project budget, over US400 million has been committed and over US152 million has been invoiced. Building on our successful “on time-on budget” start-up, we are well positioned to pour our first ounce of gold in the third quarter of 2015.”

Minera Autlán refinancía deuda de 90 mdd

La compañía realizó un contrato con Credit Suisse a un plazo de 5 años para refinanciar sus notas no subordinadas con miras a fortalecer la empresa, darle mayor estabilidad y lograr un mejor perfil de amortizaciones.

SilverCrest Reports Q1 2014 Financial Results

SilverCrest Mines Inc. is pleased to announce its financial results for the first quarter ended March 31, 2014. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in U.S. dollars unless otherwise specified. The information in this news release should be read in conjunction with the Company’s unaudited condensed consolidated interim financial statements for the three months ended March 31, 2014 and associated management discussion and analysis are available from the Company’s website at www.silvercrestmines.com and under the Company’s profile on SEDAR at www.sedar.com.

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