Month: April 2015

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.

Photo Release — Mexus Gold US Update

Mexus Gold US announced today that it continues to move forward with the opening of its Julio mining concession in Caborca, Mexico. Mexus is working with veteran underground miner Mark Warren. Mark has worked underground mines for years and has the experience to help plan the company’s next steps…

Minera Alamos Inc. Announces Brokered Private Placement

“This financing marks an exciting turning point for the Company,” said Chris Frostad, CEO, Minera Alamos Inc. “This will provide adequate funding to complete the evaluation and design of our phase 1 development at Los Verdes while also alleviating the Company’s current debt burden.”

First Mining Delivers Proposal to Acquire Coastal Gold Corp.

Keith Neumeyer, chairman of First Mining, stated “we are very excited to be making this proposal. Since completion of our qualifying transaction our management team has been investigating a number of potential opportunities and we feel that COD’s Hope Brook Gold Project represents a target that fits well into our strategy…

Starcore & Cortez Gold to Amalgamate

Starcore International Mines Ltd. is pleased to announce the signing of a letter of intent with Cortez Gold Corp. that would see Starcore acquire all of the outstanding securities of CUT in an all-share transaction to be completed pursuant to a court approved Plan of Arrangement under the Business Corporations Act (British Columbia). Under the terms of the planned acquisition, each CUT shareholder would receive three Starcore common shares for every one CUT common share held.

Mineros de Peñoles, del millonario Baillères, acusan abuso laboral y amenazas de la empresa

Ex empleados de la minera Fresnillo PLC, ubicada en Caborca, Sonora, propiedad de Grupo Peñoles, del empresario Alberto Baillères González, denunciaron que fueron despedidos injustificadamente y han sido objeto de acoso y amenazas por parte de esa compañía, luego de que exigieron al Sindicato Nacional Minero Metalúrgico, Sección 94, que hiciera una rendición de cuentas.

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.

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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.