Day: July 8, 2014

Agave Announces Retirement of Director and Appointment of Two New Directors

Agave Silver Corp. today announced that Dr. Darryl Drummond, P.Eng. has retired from the Board of Directors of the Company effective immediately. Dr. Drummond will remain with the Company in an advisory capacity on an ad hoc basis as required. Additionally, the Company is pleased to announce that Dr. Derek McBride, P.Eng. (Ontario/British Columbia) and Mr. Rob Paul have been appointed to the Board of the Company effective immediately.

Yamana Gold Announces Senior Management Appointment

YAMANA GOLD INC. today announced Barry Murphy has joined the Company’s senior management as Senior Vice President, Technical Services, effective September 3, 2014. In his new role, Mr. Murphy will be responsible for all project development and construction, and help develop Yamana’s strategy for optimizations, expansions and corporate development.

Coeur Reports Second Quarter Production Results

Coeur Mining, Inc. today announced preliminary second quarter production of 4.5 million ounces of silver and 61,025 ounces of gold, or 8.1 million silver equivalent ounces1, an increase of 7% compared to the first quarter.

GoGold Receives $9,131,940 From Early Warrant Exercise Incentive Program

GoGold Resources Inc.is pleased to announce the successful completion of its early warrant exercise incentive program as described in a press release dated June 20, 2014. In connection with the Warrant Incentive Program, 6,046,650 Warrants were exercised, providing gross proceeds of $9,131,940 to the Company and resulting in the Company issuing 6,696,756 Common Shares.

Is Oceanica’s EIA Deliberately Not Being Filed While Trying To Raise Capital?

OMEX announced June 4th that the Environmental Report (EIA) for Oceanica was “completed and ready to be filed shortlyâ€?: as it is STILL not filed, this is clearly deliberate.

We believe OMEX has chosen not to file the EIA because they know it will expose the project as environmentally and economically unviable: most mining projects die in this phase.

OMEX appears to be desperately attempting to raise capital to cover a current cash balance under $2mm that is likely to be zero soon, as cash burn remains $3mm/month.

An Oceanica capital raise would immediately be funneled to OMEX corporate to pay high compensation and ongoing cash burn, while diluting OMEX shareholders’ upside.

Management statements now backtracking JP Morgan involvement: definitively NOT assisting OMEX on a capital raise for Oceanica, only potential “strategicâ€? deals, which we are highly doubtful of.

Inlet Resources Completes Acquisition of Citation Resources

Inlet Resources Ltd. and Citation Resources Inc.are pleased to announce that they have successfully completed the plan of arrangement announced on April 22, 2014, whereby Inlet has acquired all of the issued and outstanding shares in the capital of Citation. The Arrangement was approved by the shareholders of Citation on June 30, 2014 and approved by the Supreme Court of British Columbia on July 3, 2014.

Amarium Announces 600% Increase in Production Capacity at San Pedro

Amarium Technologies Inc., through its wholly owned subsidiary Amarium Minerals, is pleased to announce completion of upgrades to their ore processing mill located at the San Pedro Mine. The San Pedro mill now has an operational capacity of 120 tons per day (tpd), an increase of 600% over the previous capacity of 20 tpd. The recent updates will allow Amarium to stay on schedule for increasing the medium term maximum throughput of the mill to 200 tpd by December 2014. Both the San Pedro Copper Mine and the Jovita Mill are located in Michoacán, Mexico.

Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.