Month: February 2015

Scorpio Mining Announces Fourth Quarter and Year End 2014 Results and 2015 Guidance

Scorpio Mining Corporation today announced production and preliminary cash costs for the fourth quarter and full year ending December 31, 2014 and provided guidance for 2015 for its Cosalá Operations and Galena Complex. Please note: the merger with U.S. Silver & Gold Inc. closed on December 23, 2014 and the results that follow reflect U.S. Silver & Gold operations for the full fourth quarter and all of 2014. All figures in $USD unless otherwise indicated.

New Gold Finishes 2014 Further Solidifying its Low-Cost Position; 2015 Scheduled to Deliver Production Growth In Gold, Copper and Silver

New Gold Inc. today announces its 2014 fourth quarter and full-year operational results, 2015 guidance and updated year-end mineral reserves and resources. The preliminary information provided for production, sales, all-in sustaining costs and total cash costs are approximate figures and may differ from the final results in the 2014 annual audited financial statements and management’s discussion and analysis.

GoGold Signs LOI to Acquire Additional Tailings at Parral and Drills 158 holes

GoGold Resources Ltd., is pleased to announce that its wholly owned Mexican subsidiary, Grupo Coanzamex SA de CV, has signed a Letter of Intent and is completing its due diligence and expects to complete an option agreement in March 2015 with Promotora De La Industria Chihuahuense which provides for Coanzamex to acquire irrevocable processing rights to additional tailings material which it intends to process at its Parral heap leach facility. These additional tailings were extracted from the same geological structures as the Parral tailings currently being processed, and are located only one kilometer further than the existing tailings currently being processed.

Southern Copper Corp to Issue Quarterly Dividend of $0.10 on March 3rd (SCCO)

Southern Copper Corp declared a quarterly dividend on Monday, February 2nd, AmericanBankingNews.comreports. Shareholders of record on Tuesday, February 17th will be paid a dividend of 0.10 per share on Tuesday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.38%. The ex-dividend date is Monday, February 9th.

Goldcorp Inc. (GG) Declares Monthly Dividend of $0.05

Goldcorp announced a monthly dividend on Tuesday, February 3rd, Stock Ratings News reports. Stockholders of record on Thursday, February 12th will be paid a dividend of 0.05 per share on Friday, February 20th. This represents a $0.60 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Tuesday, February 10th.

Westminster Closes Unit Private Placement Financing

Westminster Resources Ltd. wishes to announce that it has closed the non-brokered private placement that was initially announced in its press release dated November 28, 2014. The placement will be 14,600,000 units at $0.05 per unit for gross proceeds of $730,000. Each unit will be comprised of one common share and one common share purchase warrant. Each two common share purchase warrants will entitle the holder to purchase one additional common share at $0.10 per share until February 3, 2017.

Cierran minas en Zacatecas

El aumento del 50 por ciento en los costos de producción y la caída de los precios internacionales de plata, oro y el cobre, ha provocado la suspensión del 80 por ciento de proyectos de exploración minera en los últimos dos años, por falta de viabilidad financiera.

Yamana Announces Closing of C$299.3 Million Equity Financing, Including Full Over-Allotment Option Exercise

YAMANA GOLD INC. announced today that it has closed its previously announced offering of common shares of the Company. A total of 56,465,000 Offered Shares have been issued at a price of C$5.30 per Offered Share, for aggregate gross proceeds of C$299,264,500, which includes the full exercise by the underwriters of the over-allotment option to purchase an additional 7,365,000 Offered Shares.

El Tigre Silver Provides Progress Report and Assay Results

El Tigre Silver Corp. is pleased to present the results of our 2014 3rd and 4th quarter exploration program on the El Tigre Exploration Project located within the Company’s 215 square kilometre concession ownership in Sonora, Mexico.

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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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.