Two financings in Canadas metals and mining sector were called off on Thursday, a reminder that market conditions remain fragile and volatility can scuttle managements best-laid plans very quickly.
Gold Resource Corporation declares its monthly instituted dividend of $0.01 per common share for March 2015 payable on April 23, 2015 to shareholders of record as of April 13, 2015. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA.
Riverside Resources Inc. is pleased to announce that it has signed an option agreement with Argonaut Gold Inc. to acquire a 100% interest in the Glor Gold Project, located approximately 8 km west of AuRico’s El Chanate Mine in Sonora, Mexico. The Project acquisition and initial mapping and sampling work was completed as part of alliance funded activities through Riverside’s strategic alliance with Hochschild Mining Plc.
Northair Silver Corp. is pleased to announce positive results from its ongoing mapping and sampling program at its flagship La Cigarra silver project located in Chihuahua State, Mexico.
Timmins Gold Corp. is pleased to announce that the Company is scheduled to mail its Management Information Circular dated March 23, 2015 in connection with its previously announced arrangement with Newstrike Capital Inc. on March 30, 2015. The annual and special meeting of Timmins Gold security holders to vote on the Arrangement and other corporate matters is scheduled for April 29, 2015.
Santacruz Silver Mining Ltd. is pleased to announce that the Company has received approval from PROFEPA and SEMARNAT (Mexico’s environmental regulatory authorities) to resume operations at its Rosario Mine, located near Charcas, San Luis Potosi. Accordingly, the Company has recommenced operations at its Rosario Mine. The approval was received following completion of the remediation and cleanup of an approximate amount of 2,000 m3 of tailings pulp discharged outside of the Rosario Mine tailings impoundment system on January 2, 2015.
Radius Gold Inc. announces that as a result of the conversion of $300,000 of a debt owing to Radius by Southern Silver Exploration Corp. Radius has acquired direct ownership of 6,000,000 common shares in Southern Silver. The Shares were issued at a deemed price of $0.05 per Share and represent 13.49% of Southern Silver’s outstanding common shares.
Copper rose as much as 0.6 percent. Some of the worlds largest copper mines were forced to shut down as rains in the Atacama Desert of northern Chile closed roads and flooded towns. Codelco, the worlds biggest copper producer, shut all of its Atacama mines including Chuquicamata and Radomiro Tomic, according to the state-owned company.
Scott Drever, Chief Executive Officer and Director, stated; “2014 was another challenging but successful year for SilverCrest, as we transitioned from an open pit heap leaching operation at Santa Elena to an underground mining and milling operation. By the start of the fourth quarter, we had successfully commissioned both the underground mine and the 3,000 tonnes per day mill and processing facilities. SilverCrest achieved 93%…
Ejidatarios de San Martín, Colón, se manifestaron frente a la empresa minera Peña de Bernal para exigir el pago de indemnización por daños ocasionados a tierras de uso común, ello luego de que acusaron a la compañía de haber realizado la explotación subterránea en seis hectáreas sin el consentimiento de los ejidatarios.
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