Month: August 2014

Clausuran oficinas de Grupo México en Cananea

Funcionarios de la Procuraduría General de la República (PGR) y de la Procuraduría Federal de Protección al Ambiente (Profepa) instalaron sellos de clausura en al menos siete oficinas en la mina Buenavista del Cobre, propiedad de Grupo México, en Cananea.

Osisko Gold Royalties Announces Acquisition of Common Shares of Falco Resources

Osisko Gold Royalties Ltd is pleased to announce that by share purchase agreement with QMX Gold Corporation dated August 28, 2014, it has agreed to acquire 1,488,990 common shares of Falco Resources Ltd. for an aggregate purchase price of $670,045.50, representing approximately 2.04% of the issued and outstanding common shares of Falco.

Aurcana Reports Q2, 2014 Financial Results

Aurcana Corporation is pleased to report its unaudited financial results for the second quarter ended June 30, 2014. The summary of the selected financial information should be read in conjunction with the Condensed Interim Consolidated Financial Statements (Unaudited) and the related Management Discussion and Analysis for the quarter ended June 30, 2014, together referred to as the “Financial Statements”, which have been filed on SEDAR (www.sedar.com) and the Company’s website (http://www.aurcana.com). All figures are in US dollars unless otherwise noted.

Arian Silver’s MD&A And Results For The Three And Six Months Ended 30 June 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 (“MD&A”) and unaudited Financial Statements for the three and six months ended 31 June 2014.

Corex Announces Re-Pricing of its Previously Announced Private Placement

Corex Gold Corp. would like to announce the re-pricing of its previously announced non-brokered private placement financing for up to 6,000,000 units of the company at a price of $0.10 per Unit has been changed to $0.08 to raise gross proceeds of up to $620,000.00. Each Unit will be comprised of one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder to acquire an additional common share of the Company for a period of 24 months from the date of issue at a price of $0.15 per common share.

Caza Gold Appoints New President and CEO

The Board of Directors of Caza Gold Corp. is pleased to announce that Mr. Brian Arkell, Msc., AusIMM (Fellow), SEG (Fellow) has been appointed the new President and CEO of the Company, effective September 1, 2014.

West Melville Closes Second Tranche of Financing

West Melville Metals Inc. announced today that the second tranche of the non-brokered private placement previously announced on June 27, 2014 has been closed. A total of 1,120,000 units were issued at a price of $0.05 per unit for gross proceeds to the Company of $56,000. This brings the total for the financing to $300,000.

Baja Mining Grants Stock Options

Baja Mining Corp. announces that the Company has today granted an aggregate of 2,725,000 incentive stock options to the Company’s directors, officers and employees, each exercisable for one common share of the Company at an exercise price of $0.05 per Option. The Options have a term of five years and vest immediately. The Options were conditionally approved by the Board of Directors in March 2013, to compensate directors, officers and employees at that time for past and future performance and commitment to the Company during its restructuring. Due to an extended blackout period imposed by the Company dating back to Q2 2012, it was not possible for these options to be granted at that time. The Board of Directors has now approved the granting of the Options in accordance with the Company’s Incentive Stock Option Plan last approved by shareholders on June 25, 2013. Any shares issued on the exercise of the Options to directors and officers of the Company are subject to a hold period concluding on December 29, 2014. The grant of the Options is subject to the final approval of the TSX Venture Exchange.

Aura Minerals Reports Fatality at Aranzazu Mine

Aura Minerals Inc. regrets to report the occurrence of a fatal accident at the Aranzazu Mine in the State of Zacatecas, Mexico on the morning of August 27, 2014. A miner employed by Aranzazu was fatally injured above ground when unexpected movement of material from a side-wall breached his equipment.

Kootenay Announces Drill Program Underway on Promontorio’s La Negra Mineralized Diatreme Pipe

Kootenay Silver Inc. is pleased to announce drilling has commenced on its La Negra Diatreme Breccia prospect, located within Kootenay’s Promontorio property and approximately 6-7 kms north of Kootenay’s flagship Promontorio Silver Resource in Sonora, Mexico. The program is contracted to be a minimum of 2500 meters of core drilling with HQ diameter core. It is anticipated 15 to 20 holes will be drilled in the inaugural program. Drilling is being conducted by BD Drilling of Guadalajara, Mexico.

El Tigre Silver Announces Financial Advisory Services Agreement

El Tigre Silver Corp. is pleased to announce it has entered an agreement with Wealthcorp LLC to provide financial advisory consulting services to assist in the efforts of capital raising related to operational and working capital, designed to fully realize El Tigre’s long term vision and expand shareholder value. The funds raised from any potential financing will be used to complete the construction of the production facility and to provide funding to continue the Company’s planned exploration program to expand the initial resource. The initial resource and the production facility are both outlined in a NI 43-101 Technical Report Preliminary Feasibility Study for the El Tigre Silver Project Sonora, Mexico filed on SEDAR August 15, 2013.

Plata Latina closes private placement

Plata Latina Minerals Corporation has closed the non-brokered private placement of 11,230,000 units at a price of C$0.10 per Unit for gross proceeds of C$1,123,000. Each Unit comprises of one Plata Latina Common Share and one half of one common share purchase warrant. Each whole Warrant entitles the holder to purchase one additional Share at a price of C$0.25 per Share until August 27, 2016.

Santacruz Silver Reports Second Quarter 2014 Financial Results

Santacruz Silver Mining Ltd.is pleased to announce the financial and operating results for the second quarter of 2014. The full version of the financial statements and accompanying management discussion and analysis can be viewed on the Company’s website at www.santacruzsilver.com or on SEDAR at www.sedar.com. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in US dollars unless otherwise indicated.

Red Tiger Reports Q2 2014 Results

Red Tiger Mining Inc., today reported its financial and operating results for the three and six months ended June 30, 2014. This press release should be read in conjunction with the Company’s unaudited Financial Statements for the three and six months ended June 30, 2014 and Management’s Discussion and Analysis for the corresponding period, available on the Company’s website at www.redtigermining.com and on SEDAR at www.sedar.com.

Gunpoint Exploration Ltd. Announces Change in Financial Year End

Gunpoint Exploration Ltd. announces that effective in 2014, it has changed its financial year-end from October 31 to December 31 in order to align the Company’s year-end with that of its parent company, which operates on a calendar year-end. As a result of this change, the Company will have a transitional 14 month financial year ending December 31, 2014.

Descarta Guajardo clausura de mina de Grupo México por derrame

El gobierno federal descartó la clausura definitiva de la empresa Buenavista del Cobre –filial de Grupo México– que derramó más de 40 millones de litros de residuos peligrosos al río Sonora, por considerar que “lo relevanteâ€? es el compromiso de la empresa en la compensación económica de los afectados y la remediación de sus efectos.

Fortuna Silver Reports Updated Mineral Resource Estimate for San Jose Mine in Mexico

Fortuna Silver Mines Inc. is pleased to announce an updated Mineral Resource estimate as of June 30, 2014 for the San Jose Mine located in Oaxaca, Mexico. Included in the San Jose mineral resources is an updated estimate of the Mineral Resource for the Trinidad North discovery based on the completion of forty-one additional step-out and twelve infill drill holes in the Trinidad North area.

Grupo México, culpable del desastre ecológico en Sonora

El derrame de 40 mil metros cúbicos de lixiviados de sulfato de cobre acidulado en los ríos Bacanuchi y Sonora fue causado por las malas condiciones en que estaba un tubo de polietileno en una de las piletas, así como por la falta de una válvula de la empresa minera Buenavista del Cobre —subsidiaria de Grupo México—, no por el exceso de agua resultado de las lluvias, como aseguró la empresa en un principio, lo cual es “completamente falsoâ€?, señaló ayer el secretario del Medio Ambiente (Semarnat), Juan José Guerra.

Gold Resource Corporation Declares August Monthly Dividend

Gold Resource Corporation declares its monthly instituted dividend of $0.01 per common share for August 2014 payable on September 23, 2014 to shareholders of record as of September 11, 2014. Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico.

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