Day: February 19, 2015

Pan American Silver announces changes to its senior management team

Pan American Silver Corp. is pleased to announce that it has promoted Mr. Michael Steinmann to President of the Company effective February 18, 2015. Mr. Steinmann will assume the role of President and will report to Pan American’s Chief Executive Officer, Mr.Geoff Burns.

New Gold Generates Record Cash Flow in 2014

New Gold Inc. today announces its 2014 fourth quarter and full-year financial and operational results. The company previously announced its 2014 operational results, 2015 guidance, updated year-end mineral reserves and resources and project updates on February 4, 2015.

Tosca Resources Corp’s Shares to be Listed on the CSE Effective February 18, 2015

Tosca Resources Corp announces that the Company intends to delist its common shares from the TSX Venture Exchange and thereafter list its common shares on the Canadian Securities Exchange. To ensure continued and seamless trading for the Company’s shareholders, the Company anticipates its common shares will be delisted from the TSXV at the close of trading on Tuesday, February 17, 2015, and will commence trading on the CSE at market open on Wednesday February 18, 2015. The Company’s trading symbol “TSQ” will remain the same.

Goldcorp reporta pérdida trimestral de 2,400 mdd en 4T

Goldcorp Inc, la mayor productora mundial de oro en valor de mercado reportó para el cuarto trimestre del 2014 una pérdida neta de 2,400 millones de dólares tras asumir cargos por su nueva mina Cerro Negro en Argentina.

Silvercrest Announces New Discovery at Ermitaño El Durazno Target

SilverCrest Mines Inc. is pleased to announce initial results of exploration drilling at the El Durazno Target within the 100% held Ermitaño I concession inSonora, Mexico. Nine (9) shallow drill holes, totalling an estimated 2,656 metres have been completed. The objective was to initially drill test surface mineralization for potential open pit targets. El Durazno is the first of several targets identified by surface work to be drilled in the Ermitaño I & II and Cumobabi concessions. Please refer to news releases dated January 14, 2014 and November 18, 2014 on the Company’s website at www.silvercrestmines.com for more information.

Ternium Announces Fourth Quarter and Full Year 2014 Results

Ternium’s operating income in the fourth quarter 2014 was USD191.3 million, down sequentially by USD123.3 million, mainly due to lower operating margin4 and a non-recurring USD57.5 million insurance recovery in the third quarter 2014. Operating margin decreased sequentially mainly as a result of USD35 lower steel revenue per ton, partially offset by USD6 lower steel operating cost per ton5. Steel revenue per ton decreased mainly as a result of lower steel prices in Ternium’s main steel markets. The decrease in steel operating cost per ton included lower purchased slabs costs and higher energy costs.

Goldcorp Announces Quarterly and Annual Financial Results; Provides Updated Reserves and Resources Estimates

GOLDCORP INC. reported record fourth quarter gold production of 890,900 ounces, compared to gold production of 768,900 ounces for the fourth quarter of 2013. Adjusted quarterly revenues were $1.1 billion, generating adjusted net earnings of $55 million, or $0.07 per share, compared to adjusted revenues of $1.2 billion and adjusted net earnings of $74 million, or $0.09 per share, for the fourth quarter of 2013. Adjusted operating cash flow was $337 million, or $0.41 per share, compared to $439 million, or $0.54 per share, for the fourth quarter of 2013.

Alamos Reports Fourth Quarter and Year-End 2014 Results

“We produced 140,500 ounces of gold in 2014 at total cash costs of $703 per ounce. Despite lower production from the mill in 2014, our operating costs remained at the low end of our full year guidance, driven by another strong performance from our open pit, heap leach operation,” said John A. McCluskey , President and Chief Executive Officer.

Starcore Closes Acquisition of Creston Moly

Further to its press release of January 23, 2015, Starcore International Mines Ltd. announces that it has closed the transaction to acquire all of the shares of Creston Moly Corp. from Deloitte Restructuring Inc., in its capacity as trustee in bankruptcy of Mercator Minerals Ltd., at a purchase price of Cdn$2 million.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.