Month: January 2015

Vista Gold Corp. Amends the Payment Terms for the Los Cardones Project and Will Receive a US$3.0 Million Cash Payment

Vista Gold Corp. today announced it has agreed to amend the payment terms of its sale of the Los Cardones gold project in Baja California Sur, Mexico to Invecture Group, S.A. de C.V. and RPG Structured Finance S.a.r.l. Under the Amendment, the Company will receive a payment of US$3.0 million cash from the Purchasers as full and final payment for 100% of the Company’s debt and equity participation in the Los Cardones gold project.

Big North Announces Private Placement to Existing Shareholders and Other Investors

BIG NORTH GRAPHITE CORP. announces that it intends to raise up to $250,000 by way of a non-brokered private placement of common shares at a price of $0.02 per Share pursuant to a discretionary waiver of the $0.05 minimum pricing requirement granted by the TSX Venture Exchange. Subject to certain limitations discussed below, the Offering is open to all existing shareholders of the Company as well as pursuant to other available prospectus exemptions. The Offering is subject to Exchange final acceptance.

Great Panther Updates Mineral Resource Estimates at the Guanajuato Mine Complex

GREAT PANTHER SILVER LIMITED announces an updated Mineral Resource Estimate at the Company’s wholly-owned Guanajuato Mine Complex in Guanajuato, Mexico, including updates on the Guanajuato and San Ignacio Mines and the El Horcon Project. The updated Mineral Resource Estimate does not include the most recent drill results at San Ignacio and the discovery of high grade silver-gold mineralization to the south of the existing resource block. This new data will be the subject of a further resource update later this quarter.

Defiance Silver Drills Wide Zones of Mineralization

Defiance Silver Corporation is pleased to report the results of the first three holes of its Phase I core drilling program on the San Acacio Deposit. Phase I is designed to test for a continuation of mineralization to depth below the current resource and the workings of the past producing mine.

San Marco Closes Oversubscribed Private Placement Financing

San Marco Resources Inc. has completed its non-brokered private placement financing announced on October 24 and December 17, 2014. A total of 12,967,500 units were issued at $0.05 per Unit for gross proceeds of $$648,375, a roughly 30% increase over the original financing target of $500,000. Insiders of the Company acquired 2,687,500 (or 21%) of the Units issued in this financing.

Skeena Expands Management Team

Skeena Resources Limited is pleased to announce the appointment of Michael Cathro as Vice President of Operations and Wendy Chan as Vice President of Corporate Development. They both join Skeena’s management team effective immediately. Subject to TSX Venture Exchange approval, the Company granted Mr. Cathro 600,000 incentive stock options with a term of 5 years, expiring on January 29, 2020. The options allow the holder to purchase a common share in the Company at a price of $0.10. The options will vest over a period of three years. Any shares issued on the exercise of these stock options will be subject to a four-month hold period from date of grant.

Aura Silver Identifies Potential Major Extensions Of Its Existing Silver/Gold Resource At East Taviche, Mexico

Aura Silver Resources Inc. is pleased to report that recent exploration has defined major gold and silver trends comprising untested definitive drill targets adjacent to, and on strike with its defined silver/gold resource in Mexico. These results are based on the 2014 exploration program carried out on its 73% owned East Taviche property in Oaxaca State, Mexico. Results are based on a Spatiotemporal Geochemical Hydrocarbon analysis (interpreted by Activation Laboratories Inc. or “Actlabs”) of a soil sampling survey conducted during this program. Results have identified several possible extensions to the current silver/gold resource (refer to 2011 NI 43-101 Technical Report available under the Company’s profile at Diagrams depicting the Spatiotemporal Geochemical Hydrocarbon anomalies relative to the current defined resource are as follows:

Santacruz Silver Announces Fourth Quarter / Year-End 2014 Production Results

Santacruz Silver Mining Ltd. is pleased to announce fourth quarter 2014 production of 255,487 silver equivalent ounces from the Company’s Rosario Mine in San Luis Potosi, Mexico. This production represents a 32.8% quarter over quarter increase as compared with Q3 2014 silver equivalent ounces. The full calendar year of production at the Rosario Mine for 2014 resulted in 776,787 silver equivalent ounces.

Torex Announces Updated CAPEX for El Limon-Guajes Project and Receives Second Drawdown on Loan Facility

The Company has advanced the development of the “North Nose” area of the Project. It is expected that this will increase gold production in 2015/2016. While anticipated, this work was not included in the previously approved capital expenditures and will result in an increase of estimated capital expenditures in the amount of $22 million. The total Capex Estimate for the Project is now at $800 million, representing an increase of approximately $53 million from the previously approved $725 million capex budget. In addition to the $22 million increased capital expenditures related to the “North Nose” area of the Project, the Capex Estimate also includes approximately $47 million of contingency and accounts for the escalation of costs compared to the 2012 feasibility estimates. The Project remains fully funded and a $60 million second draw on the previously announced project finance facility was received on January 28th.

Fresnillo production data demonstrate resilience

The London-listed Mexican miner’s silver production climbed by 15.5 per cent to 12.3m ounces, ahead of its own guidance as it processed more ore at its Saucito mine and increased production at its Silverstream mine.

Southern Silver Announces Private Placement and Corporate Review

Southern Silver Exploration Corp. plans to issue up to 20,000,000 Units in a non-brokered private placement at a price of $0.08 per Unit to raise proceeds of $1,600,000. Each Unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of five years at an exercise price of $0.08 per share.

Tara Gold Announces Distribution of Firma Holdings Corp. Shares

Firma Holdings Corp. announces that Tara Gold Resources Corp. is distributing 0.38843 shares of Firma for each outstanding share of Tara Gold. Any fractional shares will be rounded down to the nearest whole share. The Record Date is January 28, 2015, and the Payment Date is February 5, 2015.

Gold Resource Corporation Intercepts Multiple High Grade Parallel Veins at Switchback Including 1.71 Meters Of 13.45 G/T Gold, 860 G/T Silver, 1.81% Copper, 3.52% Lead And 7.18% Zinc

Gold Resource Corporation today provided an update with new Switchback drill highlights at its El Aguila Project in Mexico. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned over $102 million to shareholders in monthly dividends since commercial production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Great Panther Silver Intersects 13.82 Metres Assaying 4.99g/t Gold and 194g/t Silver in San Ignacio Mine

GREAT PANTHER SILVER LIMITED is releasing the final results of the 2014 drill program at its San Ignacio satellite mine, which is part of the Company’s wholly-owned Guanajuato Mine Complex in Guanajuato, Mexico. The 3,728 metre surface drill program successfully extended the continuity of high grade silver-gold mineralization for approximately 300 metres south of present mining activities. Results are highlighted by a 13.82 metre (11.72 metres true width) intersection in hole ESI14-140 assaying 4.99g/t gold and 194g/t silver.

Excellon Announces Management Changes

Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to announce key additions to its management and technical advisory team. In an ongoing effort to continually improve operations and realize further efficiencies at the Platosa mine, the Company has engaged a team of water management consultants, including Multiurethanes Ltd., Hydro-Ressources Inc., and Technosub Inc.

Cierran minas y reducen compra de maquinaria

Las empresas de la industria minera destinaron 792 millones de dólares a la compra de maquinaria y equipo nuevo en 2014, una cifra 40 por ciento menor a la registrada en 2013, cuando invirtieron mil 323 millones de dólares en este rubro.

Santacruz Silver Provides Update on Tailings Discharge Remediation

Santacruz Silver Mining Ltd. further to the Company’s press release of January 5th, 2015 in which Santacruz advised that a pipeline connecting the Rosario Mine tailings impoundment to a secondary settling pond ruptured causing water and tailings material to be discharged outside of the tailings treatment system, the Company provides the following update.

Gold Resource Corporation Declares January Monthly Dividend

Gold Resource Corporation declares its monthly instituted dividend of $0.01 per common share for January 2015 payable on February 23, 2015 to shareholders of record as of February 11, 2015. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA.

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