Month: September 2014

Arian Silver Corporation reports that discussions to fully fund the company’s flagship San Jose silver project continue to progress.

Fortuna Silver Mines Inc.is pleased to announce updated Mineral Reserve and Mineral Resource estimates as of June 30, 2014 for the San Jose Mine located in Oaxaca, Mexico. The Mineral Reserve estimate is based on San Jose’s latest Mineral Resource estimate.

Mexus Gold US confirmed today that the plan for the Santa Elena/Julio property is to move forward with a placer and underground mine operation. The placer move has already been approved but in order to proceed with underground mining the company must obtain a blasting permit. On September 20, 2014 CEO Paul Thompson and VP Julio Baltazar met with representatives from Hanka, an industrial provider of explosives. Hanka will provide knowledge and support as the company pursues this permit. The company hopes to submit for this permit in the next week.

New Gold Inc. is very pleased to announce the appointment of David Schummer as Executive Vice President and Chief Operating Officer. Mr. Schummer joins New Gold having spent 22 years at Newmont Mining Corporation moving into progressively more senior operating roles, ultimately becoming the Senior Vice President of African Operations. While running Newmont’s African division, Mr. Schummer’s responsibilities included management of the successful development and start-up of the $1 billion Akyem open pit project, which was delivered on time and on budget, as well as the operation of the Ahafo mine which produced over 500,000 ounces of gold in 2013. Prior to his time in Africa, Mr. Schummer was Newmont’s Vice President of North American Operations where he managed a group of eight operating mines, including both open pit and underground operations, which collectively produced approximately two million ounces of gold annually.

En sólo tres años, el precio internacional de la plata pasó del cielo al suelo, pues en marzo de 2011 llegó a USD 48.8 la onza y en septiembre de este año cayó a USD 17.7, por lo que de continuar la tendencia, algunos de los proyectos mineros a futuro en México podrían retrasarse.

Soltoro Ltd. has received a revised independent resource estimate on its 100% owned El Rayo silver project in the State of Jalisco, Mexico. The NI 43-101 compliant resources were estimated by Agnerian Consulting Ltd., and includes an updated estimate of the Las Bolas deposit, the La Soledad deposit and a first time disclosure of the Mineral Resources of the historic Catarina mine. The revision considers a smaller tonnage, higher grade resource that could be exploited through a combination of small open pit and underground operations.

Gold Resource Corp reached a major milestone for a junior precious metals producer earlier this week, having returned more than $100 million back to its shareholders in just over four years since beginning production at its El Aguila mine in Mexico.

Silver Bull Resources, Inc. is pleased to provide a corporate update to its shareholders and outline the company’s intention to better define the economics of the high grade zinc mineralization seen at Sierra Mojada.

Mammoth Resources Corp. is pleased to announce that it has closed a second and the final tranche of its previously announced Unit offering private placement for a total of 9,320,285 Units for gross proceeds of $326,209.99. Proceeds of the private placement will be used for working capital, general corporate expenses, property taxes and vendor payments, to undertake further exploration work and costs associated with the drill permit application. The private placement has been approved by the TSX Venture Exchange.

Tonogold Resources Inc. is pleased to announce that completion of the acquisition of Mil-ler Resources and Energy SA de CV, owner of the Nevmex Iron Ore project located near Hermosillo, Sonora, Mexico, occurred today with the execution of a Closing Agreement between Tonogold and the Mil-ler shareholders, with 54.1 million new Tonogold shares being issued as full and final consideration.

Yamana Gold Inc. ( AUY ) will begin trading ex-dividend on September 26, 2014. A cash dividend payment of $0.0375 per share is scheduled to be paid on October 14, 2014. Shareholders who purchased AUY stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that AUY has paid the same dividend. At the current stock price of $6.41, the dividend yield is 2.34%.

Gold Resource Corporation declares its monthly instituted dividend of $0.01 per common share for September 2014 payable on October 23, 2014 to shareholders of record as of October 13, 2014. Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico.

Corex Gold Corp. is pleased to announce that it has closed the non-brokered private placement for 7,750,000 units (the “Units”) at a price of $0.08 per Unit. Each Unit consists of one common share and one share purchase warrant. Each Warrant entitles the holder to subscribe for one common share at a price of $0.15 for a period of twenty four months following the closing of the Financing.

VVC Exploration Corporation is pleased to announce that, subject to the acceptance of the TSX Venture Exchange, the closing date of its ongoing Private Placement Financing of up to CA$1.5 million representing 30 million units at a price of $0.05 per Unit (announced on Aug. 11) will be extended until October 22nd, 2014. Each Unit consists of one common share and one common share purchase warrant of the Company. Each Warrant entitles the holder to purchase one additional common share of the Company at $0.12 per share for the first 2 years and at $0.18 for the next 3 years. The net proceeds will be used to cover maintenance fees and option payments on the Company’s properties in Mexico, and to pay the Company’s accounts payables, general corporate expenses and operating expenses in Mexico.

El Tigre Silver Corp.is pleased to announce that it will be applying to the TSX Venture Exchange for approval to the extension of the expiry date of 4,454,000 common share purchase warrants issued on October 19, 2012 and November 15, 2012 from October 19, 2014 to October 19, 2015 and November 15, 2014 to November 15, 2015, respectively. These warrants were issued as part of a private placement transaction and are exercisable at $0.38 into 4,454,000 common shares of the Company.