AuRico Gold Inc.today announces preliminary second quarter production results. All amounts are in U.S. dollars unless otherwise indicated.(Results for the second quarter 2014 are estimates only and are subject to change.)
Canarc Resource has found another turnaround opportunity to sink its teeth into, with the company announcing a strategic share exchange agreement with New Mexico’s Santa Fe Gold that it says will give the junior mining developer access to a near-term producing gold-silver mine with significant potential.
MAG Silver Corp. announces that it has completed its previously announced bought deal financing and has issued 7,712,000 common shares, including 392,000 common shares issued on partial exercise of the over-allotment option, at C$10.25 per share, for gross proceeds of C$79 million. The Offering was conducted by a syndicate of underwriters, led by BMO Capital Markets and Raymond James Ltd., and including Macquarie Capital Markets Canada Ltd., Scotia Capital Inc., H.C. Wainwright & Co. LLC, National Bank Financial Inc., TD Securities Inc. and PI Financial Corp. The Underwriters reserve the right to exercise all or any portion of the balance of the over-allotment option, 706,000 shares, at any time within 30 days following closing.
Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to announce second quarter 2014 production results from the La Platosa Mine in Durango, Mexico.
Mammoth Resources Corp. would like to announce that it intends to proceed with a non-brokered private placement of up to 9.3 million units of the Company at an offering price of $0.035 per Unit based on the company’s 20-day VWAP, for gross proceeds of up to $325,500. Each Unit consists of one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one Common Share until two years following closing of the private placement, at an exercise price of $0.10. The Company has set no minimum number of Units to be distributed and no minimum dollar amount required to be raised in connection with the Private Placement.
Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.
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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