Month: October 2014

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.

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).

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.

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.

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