Month: May 2015

Gold Resource Corporation Sustained Temporary Arista Mine Protest

Approximately 80 to 100 union members protested and ultimately blocked access to the Aguila Project’s mill and mine on Thursday, May 27. The majority of the Company’s 300 plus unionized workers and all of the non-unionized workers chose not to participate in this illegal protest. The protest was in response to the annual employee bonus being less than the year prior, which is a reflection of the continued weakness in precious and base metal prices. The union did not condone or support this illegal protest, therefore technically the action has not been classified as a strike.

Excellon Reports Results of Annual and Special Meeting of Shareholders

Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to report that shareholders voted in favour of all items of business, including the election of directors at the 2015 Annual and Special Meeting held on May 28, 2015. Detailed results from the election of directors are set out below:

IMPACT Silver Announces First Quarter 2015 Financial and Production Results

The Company’s strategy of focusing on higher grade mineral on both the exploration and production fronts is proving effective. The Cuchara-Oscar Mine is now providing 51% and the San Ramon Deeps Mine, discovered and opened in 2014, contributed 39% of the total mill feed to the Guadalupe Production Centre, which is now averaging 189 grams per tonne silver. The objective continues to be to increase the overall silver head grade in the Zacualpan District in 2015 to approach the historical highs in excess of 200 g/t…

Aura Minerals Announces Private Placement for Gross Proceeds of CAD$6.1 Million

Mr. Jim Bannantine, the Company’s President & CEO stated, “With current market conditions and the limited ability to raise financing for junior mining companies and developers such as Aura, we see this financing as a show of confidence in Aura and our revised strategy. This Private Placement will be beneficial to all shareholders. Not only will this allow Aura to strengthen its balance sheet by reducing our debt, but also give the Company more flexibility and options moving forward as we refocus in 2015. The shares are being placed at a premium to market to a new, non-related, overseas, diversified, value-oriented private investor.

Gold Resource Corporation Declares May Monthly Dividend

Gold Resource Corporation declares its monthly instituted dividend of $0.01 per common share for May 2015 payable on June 23, 2015 to shareholders of record as of June 11, 2015. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA.

Minera Alamos Inc. Closes First Tranche of a Brokered Private Placement

Minera Alamos Inc. announced today the closing of the first tranche of the brokered private placement announced on April 28, 2015, for gross proceeds of $558,680 with IBK Capital Corp. The Company issued 5,586,800 units at a price of $0.10 per unit in this first tranche. Each Unit consists of one common share in the capital of the Company and one common share purchase warrant. Each Warrant entitles the holder to purchase one additional common share at a price of $0.10 per share and is exercisable for a period of four years from the closing of the offering.

Great Panther Completes Acquisition of Cangold

GREAT PANTHER SILVER LIMITED and Cangold Limited are pleased to announce the completion of the previously announced plan of arrangement pursuant to which Great Panther has acquired all of the issued and outstanding common shares of Cangold. Cangold is now a wholly-owned subsidiary of Great Panther.

Avino Announces At-The-Market Offering Of $6 Million

Sales of common shares under the at-the-market offering, if any, would be made by means of ordinary brokers’ transactions on the NYSE MKT at market prices or as otherwise agreed with the agents. The Company intends to use the net proceeds of this offering for the continued exploration of the Bralorne mine, advancing exploration and extracting and processing activities at the Avino property, and for working capital.

Exigen en Colima que minera repare daños ocasionados en carretera

A casi un año de los derrumbes sobre la carretera Villa de Álvarez-Minatitlán, en el área de explotación del yacimiento de hierro El Artillero, el gobierno estatal se ha negado a exigir a la empresa minera que repare los daños ocasionados y tampoco ha tomado medidas en la zona afectada para prevenir riesgos a la población ante al periodo de lluvias que se avecina.

Warren Rehn Named President Of Golden Minerals Company

Golden Minerals Company announced today that Warren Rehn has been promoted to President of Golden Minerals Company. Jeffrey G. Clevenger continues to serve as Chairman and Chief Executive Officer of Golden Minerals.

First Mexican Financing and Debt Reduction

First Mexican Gold Corp. continues to search for the right partner to bring its Guadalupe project to production. A number of possibly partners are presently reviewing corporate documents under confidentiality agreements, and we hope to find a suitable go forward partner in the near future. Review previously released assay results to get a better understanding of production potential.

Source Expands El Dorado/ Juan Bran Zone and Drills 1.73 G/T Gold Equivalent Over 90.1 Metres at Santa Cruz

Source Exploration Corp. is pleased to announce additional step-out drilling results from the El Dorado / Juan Bran zone at its Las Minas property. These results continue to expand the down-dip and strike extensions with strong grades and widths within the zone. Additionally, infill drilling at the Santa Cruz target returned a 90.1 metre interval of gold, silver and copper mineralization grading 1.73 g/t Au Eq and containing high-grade intercepts, including3.57 g/t Au Eq over 20 metres and 2.46 g/t Au Eq over 30 metres.

Timmins Gold Completes Acquisition of Newstrike Capital

Timmins Gold Corp. and Newstrike Capital Inc. are pleased to announce the completion of the previously announced plan of arrangement pursuant to which Timmins Gold has acquired ownership of all of the issued and outstanding common shares of Newstrike, being 116,786,781 shares. Newstrike is now a wholly-owned subsidiary of Timmins Gold.

Cangold Obtains Final Order for Arrangement with Great Panther

CANGOLD LIMITED is pleased to announce that it has obtained a final order from the Supreme Court of British Columbia approving its previously announced plan of arrangement with Great Panther Silver Limited to which Great Panther will acquire all of the issued and outstanding common shares of Cangold. Receipt of the final order follows Cangold’s special meeting of shareholders held on May 22, 2015 where the special resolution approving the Arrangement was approved by approximately 99.44% of the votes cast by Cangold shareholders.

Levon Resources Ltd. Announces Additional Proposed Independent Director

Levon Resources Ltd. is pleased to announce that SciVac Ltd. has advised the Company that it intends to nominate David Rector as an additional independent director of the Company upon the closing of the previously announced plan of arrangement involving SciVac, Levon and 1027949 B.C. Ltd.

Alamos Gold y AuRico Gold anuncian una autorización para realizar juntas de accionistas especiales

Alamos Gold Inc. y AuRico Gold Inc. han anunciado hoy que Alamos y AuRico han recibido una orden provisional del Tribunal Superior de Justicia de Ontario autorizando varias cuestiones, entre ellas la realización de juntas especiales de los accionistas de Alamos y AuRico para considerar el plan de disposición propuesto para combinar las dos compañías, y el envío de la circular informativa conjunta.

First Quantum Minerals Announces Exercise of Over-Allotment Option by Underwriters

First Quantum Minerals Ltd. today announced that the underwriting syndicate of its recently-announced overnight-marketed public offering of common shares led by RBC Capital Markets and Goldman Sachs Canada Inc., and including Barclays, BNP PARIBAS, Deutsche Bank Securities, Jefferies International Limited and Nomura, has exercised in full their over-allotment option to purchase an additional 11,538,450 common shares of First Quantum at a price of Cdn$16.25 per common share. The gross proceeds from the offering, including the sale of the additional over-allotment shares, will be approximately Cdn$1.44 billion…

Aura Silver Announces Non-Brokered Private Placement

Aura Silver Resources Inc. announces that it is undertaking a non-brokered private placement offering to raise gross proceeds of up to $500,000. The Company has applied for, and received, conditional approval from the TSX Venture Exchange for a waiver from the five-cent minimum price requirement. Under the terms of the proposed offering, Aura Silver would issue a minimum of 6,666,667 units for gross proceeds of $100,000 and a maximum of 33,333,333 units for gross proceeds of $500,000. The units would be issued at $0.015 (1.5 cents) per unit.

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