Pan American Silver Corp announced a quarterly dividend on Wednesday, February 19th, Analyst Ratings Newsreports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.125 per share on Monday, March 17th. This represents a $0.50 annualized dividend and a dividend yield of 3.21%.
McEwen Mining Inc. is pleased to announce that the expansion of the El Gallo 1 mine in Sinaloa State, Mexico is scheduled to be completed by early April. The expansion is approximately three months ahead of schedule and capital costs are expected to total US$3 million versus the US$5 million originally budgeted. Production is anticipated to grow from 37,500 oz. gold this year to 75,000 oz. gold in 2015. Cash costs are also expected to decrease from US$750 per oz. to US$575 per oz. starting next year.
Alamos Gold Inc. AGI today reported its financial results for the quarter and year endedDecember 31, 2013 and reviewed its operating, exploration and development activities.
Capstone Mining Corp. today announced its financial results for the year ended December 31, 2013. Capstone posted a net loss for 2013 of $9.4 million. Operating cash flow before changes in working capital was $85.5 million. Capstone ended the year with cash on hand of $104.0 million. Copper production for the year at Capstone’s three operating mines, Pinto Valley (82 days of ownership), Cozamin and Minto, totalled 113.8 million pounds of copper in concentrates and cathode (109.6 million pounds of payable copper) at a C1 cash cost(1) of $1.72 per payable pound of copper produced.
Executives
Sean Roosen – President and CEO
Andre Le Bel – VP, Legal
Pan American Silver Corp. more than replaced the proven and probable silver and gold mineral reserves mined during 2013 as a result of another very successful mine-site exploration campaign.
Source Exploration Corp. is pleased to announce that it has closed its non-brokered private placement previously announced on January 22, 2014, pursuant to which David Baker, the Executive Chairman of the Company, has subscribed for 1,100,000 units at a price of $0.075 per Unit for gross proceeds of $82,500.
SilverCrest Mines Inc. is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Dundee Securities Ltd., and including National Bank Financial Inc., Raymond James Ltd. and PI Financial Corp., to purchase 7,700,000 common shares of the Company at a price of $2.60 per Common Share for gross proceeds of $20,020,000 on a bought deal basis (the “Offering”).
Ternium S.A. today announced its results for the fourth quarter and full year period ended December 31, 2013.
We saw an almost unprecedented, certainly unexpected, and an impressively rapid decline in gold price last year. With the decline of almost 30% from the beginning to the end of the year, we reacted, with a cost containment strategy in the second quarter that was intended to reclaim some of that lost margin.
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