Osisko Gold Royalties reported today a fourth quarter net loss of $2.2 million ($0.04 per share) and adjusted earnings of $3.1 million ($0.06 per share). For 2014, Osisko reported a net loss of $2.1 million ($0.05 per share) and adjusted earnings of $10.1 million ($0.22 per share).
Coeur Mining, Inc. announced year-end contained proven and probable mineral reserves of approximately 390.7 million silver equivalent ounces, an increase of 6.2 million silver equivalent ounces or 2% compared to year-end 2013. This gain is net of the 32.2 million silver equivalent ounces produced in 2014. In addition to these reserves, Coeur announced measured and indicated mineral resources totaling approximately 292.4 million silver equivalent ounces and inferred mineral resources totaling 127.0 million silver equivalent ounces, decreases of 45% and 21%, respectively, compared to year-end 2013.
GoGold Resources Inc. is pleased to announce that the definitive agreement has been signed, due diligence has been completed, and the company has received an NI 43-101 mineral resource estimate by P & E Mining Consultants Inc. on the newly acquired Promotora tailings at Parral, Mexico. The new additional 12.6 million ounces in the silver equivalent mineral resource estimate represents a significant increase in mineral resources located in close proximity to the Parral heap leach facility. GoGold has previously released a 35 million ounces of silver equivalent (50/1) reserve at Parral (See press release dated February 21, 2013), and the new tailings will add a further 12.6 million ounces of silver equivalent resources that could be processed at the existing facility.
Gainey Capital Corp. is pleased to announce it has signed a new 10 year “Working Agreement” with the San Andres Milpillas Indian Community (Comunidad Indigena de San Andres Milpillas), in the State of Nayarit, Mexico, where Gainey owns and operates the mining concessions of approximately 15,000 Hectares. The agreement includes increased access to a large number of skilled and unskilled local workers, as well as heavy equipment at very attractive rates. This is the final community agreement relating to Gaineys Mexican mining concessions and is a key step in supporting Gaineys aggressive 2015 ore processing and exploration plans at its El Colomo gold and silver property, where 21 strongly mineralized bodies have already been identified.
Riverside Resources Inc. is pleased to announce that the Company has staked and is in the process of acquiring title to the 128 km2 Thor Copper Project in Sonora, Mexico. The Project was acquired as a part of funded alliance activities through the Companys copper porphyry exploration alliance with a wholly owned subsidiary of Antofagasta plc.
YAMANA GOLD INC. today announced it has adopted a Dividend Reinvestment Plan commencing with the previously announced first quarter 2015 dividend. The introduction of the DRIP responds to feedback from shareholders and provides further support to shareholders by offering an opportunity to increase investment in the Company without additional transaction costs by receiving dividend payments in the form of common shares of the Company.
Hecla Mining Company today announced 2014 sales of $500.8 million and gross profit of $85.2 million, with net income applicable to common stockholders of $17.3 million, or $0.05 per basic share, and an adjusted net income applicable to common stockholders of $5.6 million, or $0.02 per basic share.
Sierra Metals Inc. is pleased to announce a $9 million budgeted exploration program for 2015 to drill over 75,000 meters on its three operating mines in Peru and Mexico and over 4,000 meters on two exploration targets in Mexico.
Capstone Mining Corp. today announced its financial results for the year ended December 31, 2014, with operating cash flow before changes in working capital for the year a record $199.4 million. Notwithstanding this strong performance, Capstone posted a loss for the year of $22.4 million due to non-cash charges of $55.8 million, including $36.2 million related to a write down of inventory and capitalized mineral property costs at Minto, $11 million related to the impairment of available-for-sale securities and $8.6 million in the carrying value of the Kutcho development project. Copper production during the year at Capstone’s three operating mines totalled 103,353 tonnes of copper in concentrates and cathode (99,739 tonnes of payable copper) at a C1 cash cost of $1.93 per payable pound of copper produced.
Timmins Gold Corp. and Newstrike Capital Inc. are pleased to announce that they have entered into a definitive arrangement agreement pursuant to which Timmins Gold has agreed to acquire all of the issued and outstanding common shares of Newstrike by way of a court approved plan of arrangement.
Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.
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.
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