AuRico Gold Inc. today announced that Mr. Colin Benner, the Company’s Executive Chairman, is taking a leave of absence for health reasons. Mr. Ron Smith, the Company’s Lead Director, will serve as Non-Executive Chairman in the interim. Mr. Smith has been a non-executive director of the Company since 2009 and is chair of the Audit Committee.
Primero Mining Corp. is pleased to announce that eligible Cerro Resources NL Shareholders and Option holders voted to approve the previously announced acquisition of Cerro by Primero. Approval includes the spinout of Cerro’s non-Cerro del Gallo assets of which Primero will own 19.99%.
Avino Silver & Gold Mines Ltd. is pleased to announce that it has completed installation and testing on the new 250 tonne per day circuit (“Circuit 2”) at its processing facility located on the Avino property near Durango, Mexico.
Timmins Gold Corp. is pleased to announce that its ongoing drill program continues to extend and expand the mineralization at the San Francisco Gold Mine, located in the State of Sonora, Mexico. The San Francisco Gold Mine is comprised of two pits, the larger San Francisco Pit (SF Pit) and La Chicharra Pit (LC Pit) located approximately 1.5 km to the west. A total of 107,315 meters in 476 holes were drilled from October, 2012 to the end of February, 2013, the highlights of which are reported below. A further 42,000 meters were drilled in March and April mainly at the SF Pit and management estimates that an additional 30,000 meters will be drilled at the SF Pit to the end of May at which point the drill program will be completed. The results of the drilling will be used to provide an updated Technical Report which is expected by August.
Ross River Minerals Inc. reports its consolidated financial and operating results for the year ended December 31, 2012. This press release should be read in conjunction with the Company’s audited consolidated financial statements and Management’s Discussion and Analysis for the year ended December 31, 2012, available on SEDAR at www.sedar.com.
Elgin Mining Inc. announces that the Company has taken and will continue to undertake the following steps in order to effectively manage the Company’s treasury in light of the current market turbulence and weakening of the price of gold:
Red Tiger Mining Inc. announces that it has closed the second tranche of its previously announced non-brokered private placement selling 5,000,000 common shares at a price of CAD$0.10 per Share for gross proceeds of CAD$500,000. The proceeds from this tranche will also be used by the Company for required capital expenditures and working capital at the Luz del Cobre mine, which is owned by the Company’s wholly-owned subsidiary, Minerales Libertad, S.A. de C.V.
Animas Resources Ltd. announces that the non-brokered private placement announced on April 4, 2013 for gross proceeds of $600,000 has been amended and it will be closed shortly. The terms of the offering were amended to change the unit price from $0.06 to $0.05 per unit. Each unit includes one common share and one common share purchase warrant to buy another common share at $0.10 for 36 months.
NSX Silver Inc. is pleased to report that it has signed an amending agreement with Minera Pena Blanca SA de CV whereby each of the remaining cash option payments for the Dios Padre Silver Property have been extended by a period of 3 years. Total option payments of US$500,000 have been made to date in accordance with the Dios Padre Property Option Agreement and six semi-annual option payments aggregating US$5,500,000 are remaining. The due date for the next option payment in the amount of US$250,000 was originally July 31, 2013 and it is now July 31, 2016.
Kootenay Silver has just put to bed a $4.75 million strategic private placement with established miner Agnico-Eagle Mines, a deal the Canadian juniors chief hails as very beneficial for the company, which is developing the flagship Promontorio silver mine in Mexico.
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