Month: November 2014

Coeur Mining in talks to acquire Paramount Gold-sources

Coeur Mining Inc, the biggest U.S. producer of silver, is in advanced negotiations to acquire Paramount Gold and Silver Corp, according to people familiar with the matter, as it seeks to expand its mining footprint in Mexico.

Westminster announces unit private placement

Westminster Resources Ltd. announces a non-brokered private placement of up to 15,000,000 units at $0.05 per unit to raise gross proceeds of up to $750,000. Each unit will be comprised of one common share and one common share purchase warrant. Each two common share purchase warrants will entitle the holder to purchase one common share at $0.10 per share with an expiry date of two years from the closing of the private placement. A finders’ fee commensurate with TSX.V policies will be paid where applicable.

Baja Mining Corp.: US$105 Million Bond to Fund Boleo Start-up Operations and Update on Boleo Commissioning

Baja Mining Corp. announces that it has been advised by Minera y Metalúrgica del Boleo, S.A. P.I. de C.V. and Korea Resources Corporation that MMB has completed the issuance of a CHF100 million corporate bond with a fixed annual interest rate of 0.75% and repayment due November 12, 2019, fully backed by a KORES guarantee, which was swapped for a US$105 million bond with a fixed annual interest rate of 2.69%. MMB has further advised the Company that it has used approximately US$50 million of the bond proceeds to repay in full the US$50 million corporate bank loan bearing interest at LIBOR plus 0.8%, as detailed in the Company’s news release on August 25, 2014.

Agnico Eagle completes acquisition of Cayden Resources Inc.

Agnico Eagle Mines Limited is pleased to announce today the completion of the previously announced plan of arrangement pursuant to which Agnico Eagle has acquired 100% of the issued and outstanding common shares of Cayden Resources Inc., including common shares issuable on the exercise of outstanding options and warrants of Cayden. Cayden is now a wholly-owned subsidiary of Agnico Eagle.

War Eagle Shares-For-Debt Settlement Approved

War Eagle Mining Company Inc. announces that the TSX Venture Exchange has accepted for filing the Company’s issue of 4,540,000 common shares at a deemed price of $0.05 per share to settle outstanding debts of $227,000. The settlement shares to be issued to two insider creditors of the Company in excess of 700,000 common shares each will require disinterested shareholder approval at the Company’s upcoming annual general meeting.

Energold Drilling Announces Third Quarter 2014 Results with Improved Activity and Revenue Across All Business Divisions

Energold Drilling Corp. is pleased to announce third quarter 2014 revenue of $20.2 million across three business divisions, representing a 21.9% increase over revenue of $16.6 million in the third quarter of 2013. The Company’s combined gross margin increased to 9.7% during the period compared to (4.5)% in the same quarter in 2013. The adjusted net loss** in the third quarter for 2014 was $4.8 million or $(0.10) per share compared to net loss of $6.8 million or $(0.14) per share in 2013.

Osisko Announces Closing of $100 Million Credit Facility

Osisko Gold Royalties Ltd is pleased to announce that it has closed the previously announced $100 million revolving credit facility with National Bank of Canada. The Credit Facility will be used for investments in the mineral industry, including the acquisition of royalties and the funding of precious metal streams. The facility may be increased by $50 million at Osisko’s request. The Credit Facility is secured by the Company’s assets and has a two-year term, which can be extended by one year at each anniversary.

Grupo México obliga a firmar fin de Emergencia

A casi un mes de que acabe el año, el caso de Grupo México sigue causando incertidumbre en los ribereños pues el supuesto “levantamiento de la emergencia” no concuerda con la inconformidad de la ciudadanía…

Garibaldi drill tests new high-grade area north of Silver Eagle discovery hole

Garibaldi Resources Corp. is pleased to report that high-grade silver mineralization has been confirmed through assays from channel sampling 150 meters north of Silver Eagle discovery hole SE-14-01 at the Rodadero North Project in central Sonora State, Mexico. This area will be drill-tested beginning later this week in an attempt to expand the Silver Eagle system in a northerly direction.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.