Sierra Metals Announces Production Results for the First Quarter of 2014 .
April 15, 2014
Sierra Metals Inc. is pleased to announce its production results for the first quarter of 2014.
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Sierra Metals Inc. is pleased to announce its production results for the first quarter of 2014.
Argonaut Gold Inc. announced today that the Company had production of 30,963 gold equivalent ounces during the first quarter ended March 31, 2014. This included 22,171 GEOs at its 100% owned El Castillo Mine located in Durango, Mexico and 8,792 GEOs at its 100% owned La Colorada Mine located near Hermosillo, Mexico.
Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to announce first quarter 2014 production results from the La Platosa Mine in Durango, Mexico.
Candente Gold Corp. is pleased to report that JDS Energy and Mining Inc. has conducted a high level conceptual study for a Tailings Recovery Operation near to Candente Gold’s El Oro site in Mexico. The Company’s strategy is to look for opportunities to develop cash flow in the near term with relatively low capital costs. Study results indicate that the Mexican mine tailings from El Oro have the potential to meet this criteria and justify further study on the economic potential of a TRO.
CANGOLD LIMITED announces that it has signed the formal option agreement whereby Cangold has been granted an option to acquire from Vista Gold Corp. up to a 100% interest (subject to certain underlying royalties) in the mining rights to the Guadalupe de los Reyes Project in Sinaloa, Mexico.
Scorpio Mining Corporation reports that production from the Nuestra Señora Operations totalled 556,911 silver equivalent ounces in the first quarter ended March 31, 2014.
First Majestic Silver Corp. is pleased to announce that it has entered into a US$30 million forward sale contract with Bank of America Merrill Lynch on a portion of the Company’s future lead production. All amounts are in U.S. dollars unless stated otherwise.
Minaurum Gold Inc. reports that it has renegotiated and extended its option to purchase 100% of the Santa Marta project from Minera Zalamera S.A.de C.V. The cash payment required to be paid by Minaurum in 2013 was amended from $50,000 by October 28, 2013 to $15,000 by March 31, 2014 and $60,000 by October 28, 2014 in addition to issuing an additional 800,000 common shares of Minaurum.
Marlin Gold Mining Ltd. announces that the Company has approved a non-brokered private placement equity financing with Wexford Spectrum Trading Limited and Wexford Catalyst Trading Limited, existing shareholders of the Company, for gross proceeds to the Company of up to $5,000,000. The Company expects to issue up to 50,000,000 common shares in connection with the Offering at a purchase price per common share of $0.10.
Prospero Silver Corp. is pleased to announce that it intends to complete a non-brokered private placement of up to 5,000,000 units at a price of $0.05 per unit, for aggregate gross proceeds of up to CDN $250,000. Each unit will consist of one common share and one full warrant, each warrant exercisable by the holder to acquire one additional common share at a price of $0.10 per warrant for a period of 12 months from the date of closing.
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