Month: October 2014

McEwen Mining Files Early Warning Report in Connection With Private Placement in Visible Gold Mines Inc.

McEwen Mining Inc. has subscribed, by way of a private placement, 8,333,333 common share units of Visible Gold Mines Inc. at a price of $0.06 per Unit for an aggregate amount of $500,000. Each Unit consists of one common share and one warrant. Each warrant entitles McEwen Mining to purchase one additional common share in Visible Gold at a price of $0.10 until April 27, 2016. The common shares and warrants purchased pursuant to the Transaction represent ownership of approximately 10.4% of the issued and outstanding shares of Visible Gold post closing (or approximately 18.9% on a partially diluted basis).

Santacruz Silver Files San Felipe Preliminary Economic Assessment Report

Santacruz Silver Mining Ltd. announces that further to its news release dated September 11, 2014, it has filed an independent NI 43-101 technical report in respect of a resource estimate and preliminary economic assessment for the Company’s San Felipe Project in Sonora State, Mexico. The report is available under the Company’s profile on SEDAR at www.sedar.com. The results of the resource estimate and PEA were previously announced in the Company’s news release dated September 11, 2014.

Lincoln Closes Sale of La Bufa Property, Shares for Debt Transacton

Lincoln Mining Corporation is pleased to announce the closing of the sale of the La Bufa property to Endeavour Silver Corp. The Company received 85,587 shares of Endeavour representing a total consideration equal to 90,000 common shares of Endeavour at a deemed price of $4.88 per share less that number of shares equal to the Prepayment Amount.

Cayden securityholders approve acquisition of Cayden by Agnico Eagle

Cayden Resources Inc. is pleased to announce that the plan of arrangement, pursuant to which Agnico Eagle Mines Limited will acquire all of the issued and outstanding common shares of the Company, including common shares issuable on the exercise of outstanding options and warrants of the Company, was approved by shareholders and other security holders of Cayden at the special meeting of Cayden security holders held on October 27, 2014. At the meeting, approximately 99.0% of the votes cast by Cayden security holders, voting as a single class, and 98.5% of the votes cast by Cayden shareholders were voted in favour of the Arrangement.

Aurcana Sets New Production Record in Third Quarter

Aurcana Corporation is pleased to report the Q3 2014 production results of 997,530 ounces silver equivalent compared to 754,828 in Q3 2013, an increase of 32%. Silver equivalent production for the Q3 2014 increased 26.8%, compared to Q2 2014. Silver production increased 32% to 412,062 in Q3 2014, compared to 312,122 in Q3 2013.

AHMSA vuela alto con proyecto Fénix; aumentan flujos 13.5% en 3T2014

La siderúrgica reportó en el trimestre un flujo operativo o EBITDA de 43.74 millones de dólares a raíz de una mayor producción y ventas obtenidas tras la operación del Proyecto Fénix; las ventas totales de la empresa ascendieron a 11 mil 27 millones de pesos.

VVC Exploration Announces Closing of $411,365 Private Placement

VVC Exploration Corporation announces that it has that it has successfully completed a previously announced non-brokered private placement aggregating $411,365 and representing 8,227,300 units of the Company at a price of $0.05 per Unit. 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 2 years and thereafter at $0.18 per share until October 22nd, 2019. The securities being issued pursuant to this private placement will be subject to a hold period which expires on February 23rd, 2015.

Pondrán en juego puesto para nuevo líder minero

El “destape” del líder del nuevo sindicato minero aún no se define, tampoco el método en que será electo ni el nombre de la nueva organización, aseguró la Sección 288 luego de que ayer, en la Sección 71 de La Perla, Chihuahua, concluyera el calendario de asambleas de las 10 secciones mineras de Coahuila que acordaron separarse de Napoleón Gómez El vocero de la Sección 288, Francisco Alvarado Villarreal, manifestó que habrá que ser muy analíticos y tener amplia visión para cuando llegue el momento en que los trabajadores de minas y siderúrgicas de Altos Hornos de México elijan al abanderado a la Secretaría General del nuevo sindicato, con el cual se peleará la titularidad de los contratos colectivos de trabajo mediante demandas contra Napoleón Gómez Urrutia.

San Marco Resources Plans Share Consolidation and Financing and Reduces Property Holdings in order to Focus on Cuatro de Mayo

The Board of Directors of San Marco Resources Inc. reports that as a result of extensive discussions with various financial advisors, it believes it is in the best interest of the Company to consolidate its common shares on the basis of one post-consolidation common share for every five pre-consolidation common shares. Subsequent to this consolidation, which is subject to regulatory and shareholder approval, San Marco intends to raise approximately $500,000 by way of a private placement financing on the terms set out below.

Alamos Reports Third Quarter 2014 Results

Alamos Gold Inc. today reported its financial results for the third quarter ended September 30, 2014 and reviewed its operating, exploration and development activities.

Sierra Metals Reports Third Quarter 2014 Production Results

Sierra Metals Inc.reports production for the quarter ended September 30, 2014 (“Q3 2014”) from its three underground mines in Latin America, the Yauricocha polymetallic mine in Peru and the Bolivar copper and Cusi silver mines inMexico.

McEwen Mining Q3 2014 Production Results

McEwen Mining Inc. is pleased to announce production results as of Sept. 30, 2014. For the quarter,30,642 gold eq. oz and for the nine months, 93,987 gold eq. oz were produced. Production guidance for the year remains unchanged at 135,000-140,000 gold eq. oz. Production is expected to increase in Q4, due to higher grades and processing capacity at El Gallo 1 and higher grades at San José. Production costs will be reported in November 2014 with Q3 financials.

Garibaldi Makes New Surface Discovery North of Silver Eagle

Garibaldi Resources Corp. is pleased to report further expansion of near-surface mineralization similar to high-grade silicified rock discovered at the Silver Eagle target, part of its Rodadero Silver-Gold Project in Sonora State, Mexico. Phase 2 drilling continues at Silver Eagle in addition to extensive mapping and sampling along trend immediately north and south of the discovery zone and throughout the multiple target project area. Rodadero North stretches 10 km north-south and nearly 5 km east-west.

Santacruz Silver Announces Third Quarter 2014 Production Results

Santacruz Silver Mining Ltd. is pleased to announce third quarter 2014 production of 184,900 silver equivalent ounces from the Company’s Rosario Mine in San Luis Potosi, Mexico. This production represents a 9.9% quarter over quarter increase as compared with Q2 2014 silver equivalent ounces.

Riverside and Partner Morro Bay Announce Drill Results From the San Rafael Silver-Gold Mine Area at the Penoles Project, Durango, Mexico

Riverside Resources Inc.is pleased to announce drill results from the San Rafael historic mine area at the Peñoles Project in Durango, Mexico. This most recent round of drilling focused on stepping out beyond the already known gold body at El Capitan and high-grade silver vein system at Jesus Maria, with the first five drill holes now completed 2 kilometres to the east at San Rafael. Drill result intervals included (DDH-14-01) 3.08 metres of 1.19 g/t gold and 79.2 g/t silver, and (DDH-14-05) 8.90 metres of 0.63 g/t gold and 101 g/t silver. The drilling intersected key mineralized structural veins and starts to confirm strike and depth continuity of gold and silver mineralization in multiple structural zones and warrants a further follow up drilling and exploration program. This initial work phase was designed to confirm the presence of mineralized veins and structures at the San Rafael mine area, and was successful within 5-10m of the estimated location.

Bacanora Minerals Ltd.: Hatch Engineering Consultants Appointed

BACANORA MINERALS LTD. is pleased to announce that it has appointed Hatch Pty Ltd as its engineering consultant for both the Sonora Lithium Project and the Magdalena Borate Project in northern Mexico. In this capacity, Hatch will assist with and advise upon the design of a lithium carbonate plant capable of producing up to 50,000 tonnes per annum, and the design of boric acid plant capable of producing up to 25,000 tonnes per annum.

Almaden Announces Spin-Out of Mineral Exploration Assets and Royalties

Almaden Minerals Ltd. is pleased to announce that its Board of Directors has unanimously approved a strategic reorganization of its business. Almaden’s early stage exploration projects, royalty interests and certain other non-core assets will be transferred to a newly incorporated company. Shareholders of the Company will receive shares in Spinco in proportion to their shareholdings in Almaden. There will be no change to shareholders’ existing interests in the Company.

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