Day: July 2, 2015

McEwen Mining Addresses New York Stock Exchange Listing Requirements

McEwen Mining Inc. announced today that it has fallen below the New York Stock Exchange continued listing requirement related to the price of its common stock. The NYSE requires that the average closing price of a listed company’s common stock be above US$1.00 per share, calculated over a period of 30 consecutive trading days. The Company was advised by the NYSEon July 1, 2015 that the average price of our common stock for the previous 30 trading days was below US$1.00 per share

Alamos and Aurico Metals Announce Completion of Merger

Alamos Gold Inc. and AuRico Metals Inc. are pleased to announce the completion of the previously announced arrangement involving Alamos Gold Inc. (a predecessor to Alamos) and AuRico Gold Inc. Pursuant to the Arrangement, Former Alamos and Former AuRico amalgamated to form Alamos, and certain assets of Former AuRico, including the Kemess project, certain royalties and cash, were transferred to AuRico Metals. Approximately 95.1% of the common shares of AuRico Metals (“AuRico Metals Shares”) were distributed to Former Alamos and Former AuRico shareholders. Following completion of the Arrangement, Alamos holds an equity interest of approximately 4.9% in AuRico Metals.

Boleo Cash Call, Copper Shipment Updates, and Cinto Colorado Testing Initiated

Baja Mining Corp. reports that further to its news release dated April 30, 2015, and details of the amended cash call notice dated May 17, 2015, as previously described in the Company’s Management Discussion & Analysis for the quarter ended March 31, 2015 (available on www.sedar.com), Baja has received from Minera y Metalúrgica del Boleo, S.A. P.I. de C.V. a defaulting notice in respect of the Amended Cash Call. Pursuant to the Amended Cash Call, Baja was required to contribute US$7,600,000 no later than June 16, 2015, by way of either shareholder loans or subscriptions for new shares, with which it was unable to comply.

Great Panther Silver Provides Update on 2015 Drilling Programs

GREAT PANTHER SILVER LIMITED provides an update on its diamond drilling programs for the second half of 2015. Approximately 21,800 metres of drilling are planned for the Guanajuato Mine Complex, the Guadalupe de los Reyes Project in Mexico, and the Coricancha Mine Complex in Peru. Including the latter two new projects, total metres of drilling for 2015 are expected to be approximately 29,700 metres, compared to the Company’s previous guidance of 19,000 metres.

Se resiste municipio a pagar $5 millones a Fresnillo PLC

La empresa Fresnillo Plc busca mediante una demanda contra el gobierno local la devolución de más de 5 millones 755 mil pesos que consideró, se pagó de más al Ayuntamiento de Fresnillo en 2014 por concepto de impuesto predial.

Levon Provides Update Regarding Closing of Arrangement with Scivac Ltd.

Levon Resources Ltd. is pleased to announce that it has received the conditional approval of the Toronto Stock Exchange for the listing of a new class of common shares following the completion of the previously announced plan of arrangement involving SciVac Ltd., Levon and 1027949 B.C. Ltd., which was approved by Levon securityholders on June 3, 2015.

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.

All News

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.