Year: 2014

First Quantum Minerals Ltd. (FM) posted a fourth-quarter profit that beat analyst estimates as it raised copper output to a record and lowered production costs.

Aurcana Corporation wishes to announce that Andrew Kaczmarek, interim Chief Operating Officer and Director of Aurcana has resigned effective immediately due to personal reasons. The Board of Directors would like to thank Mr. Kaczmarek for his services to the Company and wish him success in his future endeavors.

Avino Silver & Gold Mines Ltd. is pleased to announce entering into an agreement for a brokered public offering in the United States through Noble Financial Capital Markets of Boca Raton, Florida as placement agent to two institutional investors. A total of USD$5,000,000 in gross proceeds are anticipated to be raised through the sale of 2,066,115 units at a price of USD$2.42 per Unit. Each Unit will consist of one common share and one-half of a transferable share purchase warrant, subject to customary closing conditions. It is anticipated that the Offering will close on or around February 25, 2014.

“2013 was a positive year for our Company, notwithstanding the lower silver price environment.” said John Smith, President and CEO. “We delivered strong results at our Pirquitas mine through our restructuring program, achieving significantly lower cash costs for the year. This was done in addition to completing the deepening of the San Miguel pit, which lowers the future mine strip ratio. These activities position us for higher production and lower costs in 2014. We also maintained our strong balance sheet through our convertible note raising, asset sales and disciplined cost management enabling us to acquire the Marigold mine in 2014, a transformational growth opportunity.”

Yamana Gold announced a quarterly dividend on Thursday, February 20th, AnalystRatings.Net reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.0375 per share on Monday, April 14th. This represents a $0.15 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Thursday, March 27th.

Executives

Bridget Freas – Director of IR

Mitch Krebs – President and CEO

Peter Mitchell – SVP and CFO

Frank Hanagarne – SVP and COO

Joe Philip – SVP and CDO

Hans Rasmussen – VP of Exploration

First Quantum Minerals Ltd. today announced comparative net earnings of $133.8 million or $0.23 per share for the three months ended December 31, 2013 and $539.4 million or $0.96 per share for the full year 2013. These results are inclusive of the recurring acquisition-related unfavorable adjustments of $22.6 million and $69.0 million, respectively for the three months and full year.

Pan American Silver Corp. posted a net loss of $293.1 million, or $1.94 per share during the fourth quarter of 2013, which included a non-cash impairment charge of $218.1 million (net of tax) on the carrying value of the Dolores mine, due to lower assumed long-term metal prices and increased taxes, and a non-cash deferred tax charge of $86.0 million, due to the recent tax changes in Mexico. Net cash flow from operating activities during the current quarter was $46.2 million or $0.30 per share, reflecting the excellent fourth quarter production results and continued cost control efforts. Cash and short term investments increased over the previous quarter to $422.7 million at December 31, 2013 even after the payment of our normal quarterly dividend of $18.9 million in early December, clearly exhibiting Pan American’s ability to continue to generate positive cash flows at current silver prices.