Month: October 2014

Golden Minerals Company announced today it has completed several sales transactions totaling up to $1.3 million. The Company has sold 45 mining concessions totaling 770 hectares located in the Zacatecas District, Zacatecas State, Mexico, to Capstone Mining Group for the sum of US $700,000. Golden Minerals has also entered into an option agreement with a private party to sell its 1,100 hectare Peruvian Otuzco property for US $450,000. The Company has received $150,000 under this agreement, with the remainder payable in 2015 if the option is maintained and exercised. In addition, the Company has sold miscellaneous surplus equipment located in Argentina for$130,000.

VENDOME RESOURCES CORP., a Toronto, Canada based minerals exploration company with key exploration assets in Guerrero State, Mexico and the Borden Lake Gold District, Ontario, Canada, is pleased to announce the closing of its non-brokered private placement offering on October 7, 2014, pursuant to which an aggregate of 980,000 units were sold at a price of $0.05 per Unit, raising gross proceeds of $49,000. Each Unit consists of one common share and one common share purchase warrant of the Corporation. Each Warrant entitles the holder thereof to purchase one additional Common Share at a price of $0.10 per common share for a period of 18 months from the Closing Date of the private placement, subject to an acceleration clause. Early expiration of the Warrants could occur once the Units are free from statutory resale restrictions (4 months plus one day) and the Company’s shares are trading at a volume-weighted price greater than $0.15 for a period of 15 consecutive trading days. Subsequent to this Acceleration Period, the Company may accelerate the expiry of the Warrants by providing notice to Warrant holders within 10 subsequent trading days outlining the Warrants will expire on the 30th calendar day after such notice is given to Warrant holders. The securities issued under the Offering are subject to a 4 month plus one day holding period and will expire on February 7, 2014. No Finder’s Fees were paid for this offering. Insiders of the Company participated in the financing by purchasing an aggregate of 500,000 units representing 51% of the offering. The private placement has been conditionally approved and is tentative to final approval by the TSXV.

Capstone Mining Corp. today announced operating results for the three and nine months ending September 30, 2014 of its three operating mines: Pinto Valley, Cozamin and Minto. Combined production totalled 26,200 and 81,500 tonnes of copper (in concentrates and cathode) in the third quarter and year-to-date periods, respectively, with additional by-products of zinc, molybdenum, lead, silver and gold.

Prospero Silver Corp. is pleased to announce the initial NI-43-101 compliant resource estimate for the Santa Rosa vein and the Santa Rosa East skarn of its San Luis del Cordero property located in central Durango, Mexico. A total of 6,127 meters of diamond drill holes were incorporated into a database to calculate a resource along a 1,200 meter E-W segment of the Skarn Rim Zone.

Stingray Copper Inc., a wholly-owned subsidiary of Mercator Minerals Ltd, announced today that it has initiated a sale process to divest of its El Pilar copper development project.

GOLDCORP INC. is pleased to declare its tenth monthly dividend payment for 2014 of $0.05 per share. Shareholders of record at the close of business on Thursday, October 16, 2014 will be entitled to receive payment of this dividend on Friday, October 24, 2014.

Coeur Mining, Inc. today announced preliminary third quarter production of 4.3 million ounces of silver and 64,989 ounces of gold, or 8.2 million silver equivalent ounces.