Agave Silver Corp. is pleased to announce that it has closed its previously announced sale of Agave’s interest in the Nuevo Milenio Property to Frank Lang and Ferdinand Holcapek via the sale of all of the securities of Cream Minerals de Mexico, S.A. de C.V. held by Agave. Cream Mexico holds all right and title to the mineral concessions comprising the Company’s Nuevo Milenio Property.
Hecla Mining Company today reported the results from another successful year of exploration, achieving record silver reserves despite the use of reduced metals prices for the calculation, and net of 2014 silver production.
Primero Mining Corp. today reported financial and operational results for the fourth quarter and year ended December 31, 2014. On January 20, 2015 the Company reported record production of 225,100 gold equivalent ounces, a 57% increase over 2013, at low cash costs of $687 per gold equivalent ounce. Today the Company reports record revenues in 2014 of $274.6 million, operating cash flow before changes in working capital of $73.7 million ($0.48 per share), a net loss of $224.4 million ($1.48 per share) including $209.0 million ($1.37 per share) in non-cash impairment charges and adjusted net income of $5.4 million ($0.04 per share).
Timmins Gold Corp. is pleased to announce that recent diamond drilling at its flagship San Francisco Mine, Sonora state, Mexico, has confirmed the presence of at least three, high-grade, sub-parallel, gold bearing structures, all of which are located approximately 50-100 metres from surface along the south wall of the current open pit. Exploration information indicates that the lenses extend up to 300 m along strike and 200 m down dip. Select results include: 4.5 m averaging 5.5 g/t Au at 9 m downhole (TFD-153); and 3.0 m averaging 6.2 g/t Au at 6 m downhole (TFD-160).
Candente Gold Corp. is pleased to announce it has received an Expression of Interest for a proposed Processing Agreement for the Mexico Mine Tailings Reprocessing Operation planned at El Oro, Mexico.
BACANORA MINERALS LTD. announces that the Directors of Bacanora have received a requisition from Rare Earth Minerals Plc under the Company’s governing corporate statute (the Business Corporations Act (Alberta)), to call a meeting of Bacanora shareholders for the purpose of passing a resolution appointing Mr. David Anthony Lenigas, current Executive Chairman of REM, as a director of Bacanora. In accordance with the ABCA, in the event that the Directors do not call for a special meeting within twenty-one days from receipt of a requisition, the requisitioning shareholder shall be entitled to call such a meeting.
Cyprium Mining Corporation is pleased to announce that it intends to complete a private placement of up to 500 units at a price of US $1,000 per Unit for aggregate gross proceeds of up to US $500,000. Each Unit will be comprised of US $1,000 principal amount of unsecured, non-convertible debentures, which will mature thirteen months from the date of issuance, and 400 common shares in the capital of the Corporation. The Debentures will bear interest at a rate of 14% per annum paid semi-annually in cash.
YAMANA GOLD INC. announces its mineral reserves and mineral resources for the year ended December 31, 2014.
Timmins Gold Corp. has today filed on SEDAR a National Instrument 43-101 technical report titled Preliminary Economic Assessment Caballo Blanco Gold Heap Leach, Veracruz, Mexico related to the Caballo Blanco Gold Project. The Technical Report has an effective date of May 7, 2012, was originally prepared for Goldgroup Mining Inc., and was readdressed to Timmins Gold on January 28, 2015. Information from the Technical Report was referred to in the Companys press release dated December 18, 2014.
Agnico Eagle Mines Limited today reported a quarterly net loss of $21.3 million, or a net loss of $0.10 per share for the fourth quarter of 2014. This result includes a non-cash foreign currency translation loss on deferred tax liabilities of $20.3 million ($0.10 per share), various mark-to-market adjustment losses of $5.0 million ($0.02 per share), unrealized losses on financial instruments of $7.7 million ($0.04 per share), non-cash foreign currency translation losses of $7.0 million ($0.03 per share), non-cash stock option expense of $3.5 million ($0.02 per share) and non-recurring gains of $5.6 million ($0.03). Excluding these items would result in adjusted net income of $16.6 million ($0.08 per share) for the fourth quarter of 2014. In the fourth quarter of 2013, the Company reported a net loss of $780.3 million or a net loss of $4.49 per share, which included a $1.0 billion impairment loss.
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