Year: 2014

AuRico Gold Inc Declares Quarterly Dividend of C$0.02 (AUQ)

AuRico Gold announced a Quarterly dividend on Thursday, May 15th, Analyst Ratings News reports. Shareholders of record on Tuesday, June 3rd will be paid a dividend of 0.02 per share on Tuesday, June 3rd. This represents a dividend yield of 1.85%. The ex-dividend date is Thursday, May 15th.

Primero Completes Offer to Repurchase Convertible Debentures

Primero Mining Corp. announced today it has completed the repurchase of $1.9 million of its $50.0 million convertible senior unsecured debentures due March 31, 2016. This represents 3.8% of the outstanding aggregate principal amount of the Debentures, pursuant to its offer to repurchase the Debentures announced on April 4, 2014. The repurchased Debentures have been cancelled and $48.1 million remain outstanding.

Arian Silver’s MD&A and Results for the Three Months Ended 31 March 2014

Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Zacatecas, Mexico, announces today the release of its Management’s Discussion and Analysis and unaudited Financial Statements for the three months ended 31 March 2014.

Gold Resource major shareholder Mining Plc Hochschild Sells 2,250,000 Shares (GORO)

Gold Resource major shareholder Mining Plc Hochschild unloaded 2,250,000 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $3.92, for a total transaction of $8,820,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Lincoln Announces Effective Date of Share Consolidation

Lincoln Mining Corporation announces that, further to the Company’s news release dated May 2, 2014; it will proceed with a share consolidation of its issued and outstanding common shares. The Company’s name and trading symbol will remain unchanged.

Defiance Silver Corp.: Shares for Debt Transaction

Defiance Silver Corp. announces that it has arranged to settle an aggregate of $281,294 of outstanding debt owing to certain directors, officers and consultants by paying $82,108 in cash and issuing an aggregate of 1,991,920 common shares at a deemed price of $0.10 per common share.

Torex Reports First Quarter Results

Fred Stanford, President and CEO of Torex stated, “The El Limon-Guajes Project construction is on schedule and on budget, with over 900,000 hours of work without a lost time injury. The recently signed US375 million commitment letter for a debt agreement, once closed and assuming no additional capital requirements by the ESIA, will provide full funding for the Project and was a major de-risking step. Other recent de-risking steps include the receipt of the final required construction permits and the assembly of Torex’s outstanding construction team that will build and operate the project. Our current exploration effort has shifted to the evaluation of the Media Luna resource, and field surveys to identify additional drill targets similar to those that host ore deposits on the property. At the end of March 2014, of the US725 million Capex project budget, over US400 million has been committed and over US152 million has been invoiced. Building on our successful “on time-on budget” start-up, we are well positioned to pour our first ounce of gold in the third quarter of 2015.”

Minera Autlán refinancía deuda de 90 mdd

La compañía realizó un contrato con Credit Suisse a un plazo de 5 años para refinanciar sus notas no subordinadas con miras a fortalecer la empresa, darle mayor estabilidad y lograr un mejor perfil de amortizaciones.

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