Author: Josue Gomez

Aurcana Corporation wishes to announce that the Company has applied to the TSX Venture Exchange and is seeking Warrant holder approval to amend the terms of certain outstanding common share purchase warrants which were issued as part of a private placement of equity units, priced at $0.31 per unit, that closed in December of 2010. At the time of issuance, each Warrant entitled the holder thereof to purchase one common share of the Company at an exercise price of $0.41 until December 7, 2013.

Vista Gold Corp. stock came under immense pressure at the browsers on October 31 trading, post its third quarter results announcements after close of business on October 30. The trigger for the sell off was the disclosing of the fact that the development stage gold mining firm has instituted a strategic review of its gold portfolio including mining assets at its most potential Mt.Todd property in Australia. The review will also expect to look into the profitability of its 24.9% stake in Midas Gold Corp which is engaged in gold mining activities in Idaho. In addition the $35.15 million small capped mining firm also wants to evaluate the production feasibility of its investments in the “Guadalupe de los Reyes based gold and silver mining project” in Mexico. The prelim economic feasibility was conducted for this project in earlier this year. It also has mandated its strategic review team to establish if it makes sense to continue pursuing the acquisition of the Indonesia gold mining investment opportunity in addition to its assets in California mines.

Golden Minerals Company announces that its board of directors has established a board committee to plan for the succession of senior management of the Company. Golden Minerals Company’s Chairman, Chief Executive Officer and President, Jeffrey G. Clevenger, is currently 64 years old. The Committee will be reviewing internal and external candidates to ensure the smooth transition of the leadership of the Company.

Cortez Gold Corp announces the appointment of Michael Sweatman as a director of the Company. Mr. Sweatman joins the Board of Directors with over 25 years of experience as a Chartered Accountant in both the private and public sectors, having worked with numerous companies listed on the TSX Venture and Toronto Stock Exchanges. He is currently serving as a director of a number of public companies, including Mega Uranium Ltd., listed on the Toronto Stock Exchange, and Mega Precious Metals Inc., Brownstone Energy Inc. and Red Hut Metals listed on the TSX Venture Exchange. He is Chief Financial Officer and a director of Netco Energy Inc.

Significant reforms to Mexico’s tax regime, which moved one step closer to reality this week, are the latest headwind negatively impacting Canada’s beleaguered mining sector.

The Company is pleased to report the appointment of Mr. Bob Pepper, President & CEO of Yava Technologies Inc. (Yava), as a Technical Advisor.

Capstone Mining Corp. today announced its financial results for the three and nine months ended September 30, 2013. Capstone posted a net loss for the quarter of $4.6 million. Operating cash flow before changes in working capital(1) was $12.7 million. Capstone ended the quarter with cash on hand of $457.0 million. Copper production for the quarter at Capstone’s two operating mines, Cozamin and Minto, totalled 18.9 million pounds in concentrates (18.2 million pounds of payable copper) at a C1 cash cost(1) of $1.57 per payable pound of copper produced.

Vista Gold Corp. today announced its unaudited financial results and highlights for the third quarter ended September 30, 2013. Management’s quarterly conference call to discuss these results is scheduled for 2:30pm MDT on October 31, 2013. The Company’s full financial results, Management’s Discussion and Analysis together with other important disclosures can be found in the Company’s Quarterly Report on Form 10-Q, filed with the U.S. Securities and Exchange Commission and the Canadian securities regulatory authorities.

El Tigre Silver Corp. is pleased to announce that it has closed its previously announced non-brokered private placement for an aggregate of 2,828,000 units of the Company for aggregate gross proceeds of $707,000. Each Unit consists of a common share of the Company and one-half of a common share purchase warrant. Each whole Warrant entitles the holder to acquire an additional common share of the Company for a period of 24 months from the date of issue at a price of $0.38 per share, provided that, if over a period of 20 consecutive trading days after the expiry of the hold period on the warrants, the daily volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange (or such other stock exchange on which such shares are listed) is greater than $0.50, then at the Company’s discretion, it may, within 10 days of such 20 day period, accelerate the expiry date of the Warrants to a date 30 days after the date of the notice.

StockMarketWire.com – Rare Earth Minerals has made further market investments totalling $0.45 million in Bacanora Minerals Limited.