Month: May 2014

Kootenay drill program slated for Promontorio’s La Negra prospect

Kootenay Silver Inc. is pleased to announce that plans are underway for an anticipated 3,000 meter drill program on its emerging La Negra Silver prospect, situated 7 kilometres north of the Promontorio diatreme breccias, in Sonora, Mexico. The La Negra prospect is one of five identified discoveries within a 25km x15 km northwest trending corridor, termed the “Promontorio Mineral Belt.”

Tosca Mining Corp closes first tranche of previously announced financing

Tosca Mining Corp. has received final approval from the TSX Venture Exchange on May 01, 2014 for the first tranche of its previously announced non-brokered private placement. Terms of the financing are 6 cents per unit with each unit consisting of one common share and one share purchase warrant which is non-transferable. Each warrant is exercisable at a price of 8 cents per share for a period 12 months after closing and at a price of 10 cents for an additional period of 12 months thereafter.

Tarsis Cuts 3.00 m of 11.10 g/t Gold and 31.6 g/t Silver at Yago

Tarsis Resources Ltd. is pleased to announce that it has carried out further exploration at its Yago project, including sawn channel sampling of outcrop, mapping and rock and soil sampling. The Yago project features gold and silver mineralization within a low-sulphidation epithermal environment.

Boleo Project and Baja Corporate Update

Baja Mining Corp. wishes to provide an update on the Boleo Project construction budget and schedule and the updated Boleo Project technical report, based on the latest information provided to it by Minera y Metalúrgica del Boleo, S.A.P.I. de C.V.

SilverCrest Announces Commencement of Mill Commissioning At Santa Elena

SilverCrest Mines Inc. is pleased to announce a major milestone for the Company with the commissioning of the new 3,000 tpd CCD-MC processing plant now underway at its 100% owned Santa Elena Mine in Sonora, Mexico. The scheduled three year Expansion Plan to transition from an open pit heap leach operation to a conventional mill and underground mine is nearing completion. The US$99 million program including drilling, Pre-Feasibility Study, detailed engineering, new processing plant, and underground development is on budget (+/-5%) and has experienced only modest delays from the original schedule. Construction involved approximately 450 workers at its peak with a total of more than 1.5 million man-hours worked. Please click here to view the new ball mill in operation. For additional information and to view photos and videos of the mill, the processing plant and the mine site, please visit the Company’s website at

Orex Completes Airborne Geophysical Survey and Prepares for a TITAN 24 Deep Penetration Geophysical Survey at Los Crestones

Orex Minerals Inc. is pleased to announce completion of an airborne geophysical survey at its Los Crestones precious metal project, Sinaloa, Mexico. The 4,168 hectare helicopter-borne radiometric and magnetic survey was flown at 50m line spacing by MPX Geoservices Ltd. Data are being processed and results are expected in the coming weeks. In addition, Orex has signed a contract with Quantec Geoscience Ltd (“Quantec”) to undertake an 18 line-kilometre TITAN 24 DCIP (Direct Current resistivity and Induced Polarization chargeability) ground geophysical survey.

Red Tiger Update on Financial Statement Status

Red Tiger Mining Inc. announces that further to the new release of April 24, 2014, the Company applied to the Ontario Securities Commission, the principal regulator of the Company, for a management cease trade order, which the OSC issued on May 2nd. The MCTO imposes restrictions on trading in the Company’s securities by its Chief Executive Officer and Chief Financial Officer until the Company files the required filings, and the OSC makes an order revoking it. All other parties are permitted to freely trade the Company’s securities.

Vista Gold Corp. Announces the Results of its 2014 Meeting of Shareholders

Vista Gold Corp. is pleased to announce the results of its 2014 annual general meeting of shareholders held in Vancouver, British Columbia on April 29, 2014. At the Meeting, all nominees listed in the management information and proxy circular for the Meeting were elected as directors of the Company. Detailed results of the vote by ballot are as follows:

Yamana Gold Announces Election of Directors

YAMANA GOLD INC. today announced the results of the vote for the election of directors held at the Annual and Special Meeting of shareholders on April 30, 2014. Detailed results are presented below.

New Gold Announces Results of Vote for Election of Board of Directors

New Gold Inc. today announces the voting results from the election of its Board of Directors at New Gold’s Annual General and Special Meeting of Shareholders held on April 30, 2014 in Toronto, Ontario. The director nominees listed in the Management Information Circular dated March 19, 2014 were elected as directors of New Gold at the Meeting. Detailed results of the vote are set out below.

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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