Month: April 2015

Ternium suspende labores en mina de Michoacán

La Mina Aquila, en Michoacán, propiedad de Ternium, suspendió sus operaciones temporalmente debido a los bloqueos carreteros por parte de la comunidad indígena de San Miguel de Aquila.

Alamos Gold Closes Previously Announced Private Placement

Alamos Gold Inc. today announced the closing of its previously announced non-brokered private placement pursuant to which Alamos subscribed for approximately 27.9 million common shares of AuRico Gold Inc., representing approximately 9.9% of AuRico’s outstanding common shares after giving effect to the private placement. The common shares were acquired at a price of US$2.99 per share, equal to AuRico’s closing price on the New York Stock Exchange on April 10, 2015, for total gross proceeds to AuRico of approximately US$83.3 million.

AuRico Gold Closes Previously Announced Private Placement

AuRico Gold Inc. today announced the closing of its previously announced non-brokered private placement pursuant to which Alamos Gold Inc. subscribed for approximately 27.9 million common shares of AuRico, representing approximately 9.9% of AuRico’s outstanding common shares after giving effect to the private placement. The common shares were acquired at a price of US$2.99 per share, equal to AuRico’s closing price on the New York Stock Exchange onApril 10, 2015, for total gross proceeds to AuRico of approximately US$83.3 million.

Mexus Gold US Placer and Negotiation Update

Mexus Gold US announced an update on its placer operation and ongoing negotiations for underground mining at the Julio. On April 8th, a $10,000 payment was received from its Mexican corporation. The placer is not yet running at full capacity but is starting to pay the bills. Vice President Julio Baltazar added, “We are working hard to get the mine to full production and each day we are moving closer to accomplishing that goal.”

Scorpio Mining Provides First Quarter Production Update

“Despite the integration and some difficult restructuring in Mexico, we had a very solid operational quarter as both mines performed at or above budget,” said Scorpio Mining President & CEO Darren Blasutti. “For the remainder of the year, we will stay focused on further reducing costs and improving productivity across the organization while continuing to ramp up silver-lead production at the Galena Complex.”

Paramount Gold and Silver Corp. Announces Completion of Spin-Off and Acquisition by Coeur Mining, Inc.

Paramount Gold and Silver Corp. announced today that the proposals related to the merger agreement with Coeur Mining, Inc. were approved by both Paramount and Coeur stockholders and that the transaction has closed. Immediately prior to the consummation of the merger, Paramount distributed pro rata to its stockholders 8,101,371 shares of Paramount’s wholly-owned subsidiary, Paramount Gold Nevada Corp. SpinCo is expected to begin “regular way” trading on the NYSE MKT on April 20, 2015 under the symbol “PZG”, CUSIP number 69924M109.

Marlin Gold Provides Update on Non-Brokered Private Placement

Marlin Gold Mining Ltd. is pleased to provide an update in relation to its previously announced non-brokered private placement of common shares. Pursuant to the Equity Offering, Marlin expects to issue up to 16,250,000 common shares at a price of $0.56 per Common Share for aggregate gross proceeds of up to approximately $9,100,000.

Secretario de Economía garantiza seguridad al sector minero

El secretario de Economía, Ildefonso Guajardo, se comprometió con la cúpula del sector privado a garantizar una mayor seguridad al sector minero del país, después del millonario robo de oro en una mina al norte del país durante la semana pasada y confirmó la intervención de la Gendarmería para establecer acciones estratégicas, claras y contundentes en temas específicos.

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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.