Southern Copper Corporation posted net income of $348 million or 43 cents in the fourth quarter of 2014, down from with $406.2 million or 48 cents in the year-ago quarter. It however beat the Zacks Consensus Estimate of 37 cents.
Timmins Gold Corp. is pleased to announce that its 2014 drill program has identified potential satellite deposits on the North Trend located approximately 2-8 km north of the Companys San Francisco Mine, located in northern Sonora, Mexico. During 2014 Timmins Gold completed a drill program of approximately 25,000 meters in a combination of core, reverse circulation and rotary air blast drilling on the North Trend, a cluster of high priority targets to the north of the San Francisco Mine identified by previous prospecting and exploration.
El día de hoy los directivos de Scorpio Mining se reunieron con empleados en sus operaciones de Cosalá para anunciar los planes de reducir su plantilla en Sinaloa, México. Esta es una muy difícil pero necesaria decisión pues ha quedado claro que las operaciones de Cosalá no son redituables con la fuerza laboral que actualmente opera debido a la continuidad de los bajos precios de la plata y los metales base. Desafortunadamente, lo anterior significa que tenemos que prescindir de aproximadamente 90 puestos los cuales representan alrededor del 24% de la fuerza laboral. Los cambios estarán distribuidos en todos los departamentos y se harán efectivos inmediatamente.
Scorpio Mining Corporation today announced production and preliminary cash costs for the fourth quarter and full year ending December 31, 2014 and provided guidance for 2015 for its Cosalá Operations and Galena Complex. Please note: the merger with U.S. Silver & Gold Inc. closed on December 23, 2014 and the results that follow reflect U.S. Silver & Gold operations for the full fourth quarter and all of 2014. All figures in $USD unless otherwise indicated.
New Gold Inc. today announces its 2014 fourth quarter and full-year operational results, 2015 guidance and updated year-end mineral reserves and resources. The preliminary information provided for production, sales, all-in sustaining costs and total cash costs are approximate figures and may differ from the final results in the 2014 annual audited financial statements and management’s discussion and analysis.
GoGold Resources Ltd., is pleased to announce that its wholly owned Mexican subsidiary, Grupo Coanzamex SA de CV, has signed a Letter of Intent and is completing its due diligence and expects to complete an option agreement in March 2015 with Promotora De La Industria Chihuahuense which provides for Coanzamex to acquire irrevocable processing rights to additional tailings material which it intends to process at its Parral heap leach facility. These additional tailings were extracted from the same geological structures as the Parral tailings currently being processed, and are located only one kilometer further than the existing tailings currently being processed.
Southern Copper Corp declared a quarterly dividend on Monday, February 2nd, AmericanBankingNews.comreports. Shareholders of record on Tuesday, February 17th will be paid a dividend of 0.10 per share on Tuesday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.38%. The ex-dividend date is Monday, February 9th.
Goldcorp announced a monthly dividend on Tuesday, February 3rd, Stock Ratings News reports. Stockholders of record on Thursday, February 12th will be paid a dividend of 0.05 per share on Friday, February 20th. This represents a $0.60 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Tuesday, February 10th.
Starcore International Mines Ltd reports the results of its annual general meeting of shareholders held on January 28, 2015.
Westminster Resources Ltd. wishes to announce that it has closed the non-brokered private placement that was initially announced in its press release dated November 28, 2014. The placement will be 14,600,000 units at $0.05 per unit for gross proceeds of $730,000. Each unit will be comprised of one common share and one common share purchase warrant. Each two common share purchase warrants will entitle the holder to purchase one additional common share at $0.10 per share until February 3, 2017.
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