Month: July 2014

Xtierra Inc. announces that it has now published and filed its unaudited interim financial report for the three and six month periods ended June 30, 2014 together with its Management’s Discussion and Analysis for the same period. These documents are available on the Company’s website at www.xtierra.ca and on SEDAR under the Company’s profile at www.sedar.com.

Osisko Gold Royalties reported today the second quarter net earnings of $1,645,276,000 ($36.69 per share), including a gain of $1,647,526,000 ($36.74 per share) from discontinued operations. For the year-to-date, the Company generated net earnings of $1,669,517,000 ($37.60 per share), including net earnings from discontinued operations of $1,675,263,000 ($37.73 per share).

El Tigre Silver Corp. announces that the Company’s management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity.

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 200 Oz. gold contained in gravity concentrates (exact weights in gold and silver oz. to be determined at final settlement).

Hecla Mining Company today announced a second quarter net loss applicable to common shareholders of $14.5 million, or $0.04 per share, and a loss after adjustments applicable to common shareholders of $0.8 million, or $0.00 per share.1 Second quarter silver production was 2.5 million ounces at a cash cost, after by-product credits, per silver ounce of $5.34.2

New Gold Inc.today announces its second quarter 2014 operational and financial results. The company produced 89,460 ounces of gold at all-in sustaining costs of $745 per ounce, which led to $59 million, or $0.12 per share, in net cash generated from operations.

GOLDCORP INC. today reported adjusted quarterly revenues1 of $1.1 billion, generating adjusted net earnings1,2 of $164 million, or $0.20 per share, compared to $117 million, or $0.14 per share, in the second quarter of 2013. Reported net earnings attributable to shareholders of Goldcorp were $181 million, or $0.22 per share, compared to $(1,934) million, or $(2.38) per share, in the second quarter of 2013.

“We produced 33,000 ounces in the second quarter of 2014 at total cash costs of $663 per ounce, again below our full year cost guidance and providing strong operating cash flow, before changes in non-cash working capital of $13.2 million,” said John A. McCluskey , President and Chief Executive Officer.

Geologix Explorations Inc. announced today that the Company has elected to amend the 6,642,900 warrants it originally issued via a private placement that closed in August 2012. Included in that amount are 425,000 warrants held by insiders of the Company that will not be exercisable on the amended terms until such amendments are approved by shareholders other than such insiders.

Cortez Gold Corp. announces that it has signed a letter of intent with Mercuria Energy Trading SA for an operating Line of Credit in the amount of US$5 million for the mineral processing business owned by Altiplano Goldsilver, S.A. de C.V., a wholly-owned subsidiary of Cortez.

Red Tiger Mining Inc. today reported its financial and operating results for the year ended December 31, 2013 and for the three months ended March 31, 2014. This press release should be read in conjunction with the Company’s audited Financial Statements for the year ended December 31, 2013, the unaudited Financial Statements for the three months ended March 31, 2014 and Management’s Discussion and Analysis for the corresponding periods, available on the Company’s website at www.redtigermining.com and on SEDAR at www.sedar.com.

Agnico Eagle Mines Limited today reported a quarterly net income of $37.7 million, or $0.20 per share for the second quarter of 2014. This result includes a non-cash foreign currency translation loss of $8.7 million ($0.05 per share), non-cash stock option expense of $5.1 million ($0.03 per share), non-recurring losses of $6.1 million ($0.03 per share) related to the Osisko Mining Corporation acquisition, and non-recurring gains of $4.8 million ($0.03 per share). Excluding these items would result in an adjusted net income of $52.8 million, or $0.28 per share. In the second quarter of 2013, the Company reported a net loss of $24.4 million, or $0.14 per share.

First Quantum Minerals Ltd. will pay an interim dividend of CDN $0.0504 per share in respect of the financial year ending December 31, 2014.

First Quantum Minerals Ltd. today announced comparative net earnings 1 of $133.6 million or $0.23 per share for the three months ended June 30, 2014 inclusive of $19.5 million or $0.04 per share of unfavorable, recurring acquisition-related adjustments.

YAMANA GOLD INC. declares its third quarter 2014 dividend of $0.0375 per share. Shareholders of record at the close of business on September 30, 2014 will be entitled to receive payment of this dividend on October 14, 2014. The dividend is an “eligible dividend” for Canadian tax purposes.

Excellon Resources Inc, Mexico’s highest grade silver producer, is pleased to report financial results for the three and six-month periods ended June 30, 2014.

Apoyada en el desempeño récord de algunas operaciones y en mayores ventas de cobre, Grupo México reportó un aumento del 73.5% en su utilidad neta llegando a los 508 millones de dólares en el segundo trimestre del año.

Odyssey Marine Exploration, Inc., a pioneer in the field of deep-ocean exploration, provides an update on the Environmental Impact Assessment for the proposed “Don Diego” project, which is currently undergoing final reviews prior to government filing.

Goldgroup Mining Inc. is pleased to announce a non-brokered private placement financing and provides a corporate update with regards to the assets of the Company.