Year: 2015

Scorpio Gold Corporation announces that the proposed $15 million Strategic Financing with Coral Reef Capital LLC has been terminated due to concerns about certain large shareholders opposing the transaction. As such, the Company is obligated to pay a break fee of $500,000 along with approximately $100,000 of related due diligence costs incurred by Coral Reef.

“In the first quarter of 2015 we focused on flexibility and execution,” said Darren Pylot , President and CEO of Capstone. “We maintained our financial flexibility by renegotiating our credit lines, identifying discretionary components within our 2015 capital plan and matching the advancement of our development projects to our financial capacity as copper prices touched on a six-year low.”

Operational performance in the first quarter was in line with expectations, continuing the trend established in the second half of 2014. The Company’s primary portfolio continues to demonstrate its stability and low cost structure, providing the opportunity for the pursuit of high quality growth. In particular, the flagship assets Chapada, El Peñón and Canadian Malartic continue to contribute most significantly to production and cash flow, forming the base on which the Company’s other assets have the potential to further enhance value.

YAMANA GOLD INC. declares a second quarter 2015 dividend of $0.015 per share. Shareholders of record at the close of business on June 30, 2015 will be entitled to receive payment of this dividend on July 14, 2015. The dividend is an “eligible dividend” for Canadian tax purposes.

Oroco Resource Corp. is pleased to announce that the United States District Court for the District of Arizona has granted summary judgement in favour of Oroco and the other defendants on certain key claims in the legal action brought by Sonoran Resources LLC arising from the contracts, events and services between Oroco, its former Mexican subsidiary, Minas de Oroco Resources SA de CV, Goldgroup Mining Inc. and Sonoran relating to the mine construction at, and the sale of the Cerro Prieto Property in Sonora State, Mexico.

“This financing marks an exciting turning point for the Company,” said Chris Frostad, CEO, Minera Alamos Inc. “This will provide adequate funding to complete the evaluation and design of our phase 1 development at Los Verdes while also alleviating the Company’s current debt burden.”

Starcore International Mines Ltd. is pleased to announce the signing of a letter of intent with Cortez Gold Corp. that would see Starcore acquire all of the outstanding securities of CUT in an all-share transaction to be completed pursuant to a court approved Plan of Arrangement under the Business Corporations Act (British Columbia). Under the terms of the planned acquisition, each CUT shareholder would receive three Starcore common shares for every one CUT common share held.

Keith Neumeyer, chairman of First Mining, stated “we are very excited to be making this proposal. Since completion of our qualifying transaction our management team has been investigating a number of potential opportunities and we feel that COD’s Hope Brook Gold Project represents a target that fits well into our strategy…