El Gobierno de Perú aprobó el plan ambiental de un proyecto clave de Southern Copper, filial de Grupo México, de 1,400 millones de dólares, luego de que la empresa despejó las dudas de los reguladores y las comunidades, informó Guillermo Shinno, viceministro de Minas de Perú.
United States Antimony Corporation has placed 2,453,288 shares at $1.40 with institutional and accredited private investors to raise gross proceeds of $3,434,603. Initial funds are being used to increase Mexican smelting capacity by 50% to process a large inventory of smelter feed in Mexico. Thereafter, funds will be used to further increase smelter production several fold, increase Mexican mine production, resume mining the Los Juarez silver-antimony-gold property, and complete the installation of the 500 ton per day mill.
Monarchy Resources, Inc. is pleased to announce that New World Metals is in the final stages of completing construction of its mill. The mill is located 15 kilometers outside of Parral, Mexico, and will be used to process ore currently stockpiled and being mined at the Morelos, La Luna and Peneto mines. The mill will have the capacity to process 20 tons a day and produce gold and silver concentrate through a single-stage flotation circuit process. New World has signed an LOI with a reputable commodities broker for the sale of its concentrate and anticipates sending its first shipment of gold and silver concentrate by late August 2014. New World continues to develop its underground operations at each of its three operating mines.
Almaden Minerals Ltd. is pleased to announce that it has closed its previously announced non-brokered private placement by the issuance of 4,000,000 units at $1.50 per Unit. Each Unit consists of one common share of the Company and one-half of one non-transferable common share purchase warrant. Each Warrant allows the holder to purchase one common share of the Company at a price of $2.00 per share until August 1, 2015. A finder’s fee of $107,400 in cash and finder’s warrants to purchase up to 48,000 common shares at a price of $1.50 per common share until August 1, 2015 was paid to Secutor Capital Management Corporation on a portion of the placement.
Sierra Metals Inc. is pleased to report a positive development in the Polo y Ron Minerals legal process. A Federal Court in the State of Chihuahua has ordered that Sierra is entitled to receive proper notice of the adverse resolution previously issued by the State Court of Chihuahua as disclosed in the Company’s press release on March 16, 2013.
Vista Gold Corp. today announced its unaudited financial results and highlights for the second quarter ended June 30, 2014. The Company’s unaudited financial statements, Management’s Discussion and Analysis together with other important disclosures can be found in the Company’s Quarterly Report on Form 10-Q, filed with the U.S. Securities and Exchange Commission and the Canadian securities regulatory authorities.
Mercator Minerals Ltd announces, further to the Company’s July 15, 2014 press release, that given that the Company and Intergeo MMC Ltd have not agreed to extend the completion deadline in connection with the proposed business combination between Mercator and Intergeo announced on December 12, 2013 beyond August 1, 2014, the arrangement agreement has been terminated in accordance with its terms. As such, the proposed business combination will no longer proceed.
Avino Silver & Gold Mines Ltd. and Bralorne Gold Mines Ltd.: Further to their joint news release dated June 30, 2014, Avino and Bralorne have executed a binding arrangement agreement whereby Avino will acquire all of the outstanding common shares of Bralorne which Avino does not already own by way of a plan of arrangement under the Business Corporations Act (British Columbia). Upon completion of the Arrangement, it is anticipated that approximately 2,636,857 common shares of Avino will be issued to former Bralorne shareholders to acquire Bralorne, which holds an undivided 100% legal and beneficial interest in the operating Bralorne gold mine in British Columbia.
GoGold Resources Inc. of Halifax reported Thursday that new drilling has added to the resource at its Santa Gertrudis gold mine in Sonora, Mexico.
Xtierra Inc. announces that it has now published and filed its unaudited interim financial report for the three and six month periods ended June 30, 2014 together with its Management’s Discussion and Analysis for the same period. These documents are available on the Company’s website at www.xtierra.ca and on SEDAR under the Company’s profile at www.sedar.com.
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