Month: April 2015

Mineras ¿Impunidad con el Permiso del Estado?

En el país existen al menos 36 conflictos mineros, la mayoría relacionados con casos de contaminación, daño a las comunidades y despojos a los pobladores donde se ubican estas zonas generadoras de una riqueza; de todos estos casos, al menos 70 por ciento son de compañías extranjeras…

Agnico Eagle Reports First Quarter 2015 Operating and Financial Results

“The year is off to a good start with continued strong operating performance from all of our mines. This performance coupled with lower fuel prices and weaker local currencies, has also resulted in better than expected operating costs”, said Sean Boyd , Chief Executive Officer. “This year is also shaping up to be an exciting time on the exploration front, as we have drills operating at most of our mines and development projects. Drilling at Kittila has potentially outlined a new zone parallel to the main mineralized trend, and infill drilling is underway at Amaruq, with initial results suggesting good potential to expand the resource base and ultimately enhance our Nunavut platform”, added Mr. Boyd

New Gold Announces Results of Vote for Election of Board of Directors

New Gold Inc. today announces the voting results from the election of its Board of Directors at New Gold’s Annual and Special Meeting of Shareholders held on April 29, 2015 in Toronto, Ontario. The director nominees listed in the Management Information Circular dated March 17, 2015 were elected as directors of New Gold at the Meeting. Detailed results of the vote are set out below.

Baja Corporate Update — Boleo Project Update and MMB Cash Call

Baja has been advised by KORES and MMB of further delays to the copper production ramp-up and normalization that had been scheduled to take place during 2015, and the start-up and commissioning of the cobalt-zinc circuits previously targeted to commence in March 2015.

Goldcorp Reports First Quarter Results; Annual Guidance Reconfirmed

“We are pleased to begin 2015 with strong cash flow performance,” said Chuck Jeannes, Goldcorp President and Chief Executive Officer. “Our primary focus in 2015 is on safely executing our plans and forecasts. Delivering on those expectations, coupled with significantly lower capital spending compared to prior years, positions Goldcorp for a sustained period of strong cash flow. This financial strength provides Goldcorp the flexibility to fund the next generation of growth projects…

First Mining Responds to Coastal Gold Corp.’s Rejection of its Acquisition Proposal

Keith Neumeyer, chairman of First Mining, stated “I’m very surprised and disappointed by the Special Committee’s determination. Our proposal is a superb opportunity to create value for the COD shareholders. We believe our proposal clearly delivers both greater short-term and long-term value to the COD shareholders compared to the Sulliden transaction and is clearly a Superior Proposal under the Sulliden agreement. We find it outrageous that the COD board is recommending that its shareholders accept an offer which provides less value than the current trading price of COD shares…

Kootenay Announces Phase II Drilling on La Negra Discovery Extends Silver Mineralization a Further 150 Meters in Depth

Kootenay Silver Inc. is pleased to announce results from an additional seven holes of its Phase II drill program on its Promontorio La Negra Diatreme Silver discovery in Sonora, Mexico. The seven holes were designed to extend the known areas of mineralization along strike, down dip and to fill in large gaps. Results continue to affirm La Negra’s potential for the delineation of a high-medium grade, open-pittable silver resource and for adding substantial additional silver resources at depth.

Michoacán es muy rico y sin embargo está muy pobre…

Michoacán es sumamente rico y sin embargo hoy está sumido en la pobreza. Tenemos todos los climas, tenemos un litoral de 190 kilómetros de longitud en el Océano Pacífico y somos de los estados más ricos en recursos minerales.

New Gold Delivers First Quarter Production Growth; New Afton Mill Expansion Ahead of Schedule and Below Budget

“The first quarter delivered a solid start to the year for our company,” stated Randall Oliphant , Executive Chairman. “Our portfolio of operations continued to generate free cash flow which we are reinvesting in the future of our business. We achieved a significant milestone with the approval of the Rainy River Environmental Assessment early in the year and construction activities are now accelerating. At the same time, we are proud of the New Afton team for commissioning the mill expansion ahead of schedule and below budget which should further enhance the mine’s strong operating performance.”

Source Extends High-Grade Mineralization at Las Minas

Source Exploration Corp. is pleased to announce that step-out drilling at the Santa Cruz target of its Las Minas gold project has extended the high-grade mineralization on strike and to depth. Recently completed diamond drill hole LM-15-SC-15 intersected a high-grade interval grading 6.07 g/t Au Eq over 14.2 metres, contained within 113.0 metres grading 2.03 g/t Au Eq…

Cyprium Mining signs exclusive agreement to treat stockpiles from the historic Potosi Silver mine in Santa Eulalia, Mexico

Cyprium Mining Corporation is pleased to announce that it has signed an agreement with Minerales Nacionales de Mexico S.A. de C.V. and Minera Potosi Silver S. de R.L. de C.V. to evaluate and process on an exclusive basis up to 50,000 tons of stockpiles from the historic Potosi Silver mine located in the well-known mining district of Santa Eulalia in Chihuahua State, Mexico. The Potosi Silver mine was discovered in 1707 and its main commercial operations took place between 1925 and 1991. The mine is located only 42 kilometers from the Aldama plant.

Radius Gold Completes Change of Business

Radius Gold Inc. is pleased to announce that the Company has received final approval from the TSX Venture Exchange for the change of its business from that of a mineral exploration issuer to an investment issuer.

Scorpio Gold Reports Fourth Quarter and Provides Year-End Financial Results for 2014

Peter Hawley, the Company’s CEO, comments, “The Company continued to increase its gold production during 2014 and generated $16.2 million of cash flow from operating activities despite lower gold prices. As with many other companies in the industry, the Company recorded a non-cash impairment during 2014. The Company continues to focus on operational excellence along with safe mining practices. In addition, an aggressive drilling program has been planned for 2015 at the Mineral Ridge project with the objective of increasing its life of mine…

Scorpio Gold Provides Update on the Previously Announced $15 Million Strategic Financing

Scorpio Gold Corporation announces that the proposed $15 million Strategic Financing with Coral Reef Capital LLC has been terminated due to concerns about certain large shareholders opposing the transaction. As such, the Company is obligated to pay a break fee of $500,000 along with approximately $100,000 of related due diligence costs incurred by Coral Reef.

Capstone Mining First Quarter 2015 Financial Results

“In the first quarter of 2015 we focused on flexibility and execution,” said Darren Pylot , President and CEO of Capstone. “We maintained our financial flexibility by renegotiating our credit lines, identifying discretionary components within our 2015 capital plan and matching the advancement of our development projects to our financial capacity as copper prices touched on a six-year low.”

Yamana Gold Announces First Quarter 2015 Results

Operational performance in the first quarter was in line with expectations, continuing the trend established in the second half of 2014. The Company’s primary portfolio continues to demonstrate its stability and low cost structure, providing the opportunity for the pursuit of high quality growth. In particular, the flagship assets Chapada, El Peñón and Canadian Malartic continue to contribute most significantly to production and cash flow, forming the base on which the Company’s other assets have the potential to further enhance value.

Yamana Gold Declares Second Quarter Dividend

YAMANA GOLD INC. declares a second quarter 2015 dividend of $0.015 per share. Shareholders of record at the close of business on June 30, 2015 will be entitled to receive payment of this dividend on July 14, 2015. The dividend is an “eligible dividend” for Canadian tax purposes.

Oroco Receives Favourable Judgement

Oroco Resource Corp. is pleased to announce that the United States District Court for the District of Arizona has granted summary judgement in favour of Oroco and the other defendants on certain key claims in the legal action brought by Sonoran Resources LLC arising from the contracts, events and services between Oroco, its former Mexican subsidiary, Minas de Oroco Resources SA de CV, Goldgroup Mining Inc. and Sonoran relating to the mine construction at, and the sale of the Cerro Prieto Property in Sonora State, Mexico.

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