Author: Josue Gomez

Energold Drilling Announces Third Quarter 2013 Financial Results

Energold Drilling Corp. reported the following financial results for the third quarter of 2013. Company-wide revenue during the third quarter of 2013 was $16.6 million, compared to $29.9 million in the third quarter of 2012. The decline in revenue was mostly related to the year-over-year decrease in mineral exploration activity. Gross margin fell to negative 5% in the third quarter of 2013 from 21% in the comparable period of 2012. The Company had a net loss in the third quarter of ($0.15) per share, compared to a net loss of ($0.05) per share in the same period of 2012.

Mexican drug cartels now make money exporting ore

Mexican drug cartels looking to diversify their businesses long ago moved into oil theft, pirated goods, extortion and kidnapping, consuming an ever larger swath of the country’s economy. This month, federal officials confirmed the cartels have even entered the country’s lucrative mining industry, exporting iron ore to Chinese mills.

Almaden Infill Drilling on Main and Northern Zones, Hits 101.00 Meters of 1.92 g/t Au, 113.2 g/t Ag (4.2 g/t AuEq) at Ixtaca, Mexico

Almaden Minerals Ltd. is pleased to announce the results from Almaden’s ongoing 2013 Ixtaca Zone drill program at the Company’s 100% owned Tuligtic project, Mexico. The infill program has been designed to upgrade resources currently in the inferred category to the higher confidence measured and indicated categories. The holes announced today show the continuity and high grades of the Main and Northern zones defined with previous drilling. Highlights from the holes released today include the following intercepts (a more complete list of intercepts is shown in the table below):

Mexican Congress approved the Tax Reform

On October 31, 2013, the Mexican Congress approved the Tax Reform, only pending the countersign by the President of Mexico and its publication in the Federal Official Gazette for its full entry into force.

Construirá Aqwise planta a AHMSA

Minera del Norte S.A. de C.V., (Minosa), filial de Altos Hornos de México, suscribió un acuerdo con la israelí Aqwise para la construcción de una planta de tratamiento de aguas residuales para su Unidad Cerro de Mercado, productora de mineral de fierro localizada en la ciudad de Durango.

Newstrike Capital Inc. : Announces Adoption of Advance Notice Policy

Newstrike Capital Inc. announces the approval and adoption by its Board of Directors of an advance notice policy. The purpose of the Policy is to provide shareholders, directors and management of the Company with a clear framework for nominating directors of the Company. The Company is committed to: (i) facilitating an orderly and efficient annual general or, where the need arises, special meeting, process; (ii) ensuring that all shareholders receive adequate notice of the director nominations and sufficient information regarding all director nominees; and (iii) allowing shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation. The Policy is intended to further these objectives.

All News