Last week, Alamos chief executive John McCluskey warned that he would drop his bid for Aurizon if the British Columbia Securities Commission did not cease-trade the $27.2-million break fee that Alamos would have to pay Hecla.
Timmins Gold Corp. says its annual profit grew to US$36 million in 2012, including US$12 million in the fourth quarter.
Minaurum Gold Inc. reports results from the final drill holes of Ocean Park Ventures’ 2012 drill program on Minaurum’s 100%-controlled Adelita Cu-Au-Ag Project in southern Sonora, Mexico. The 12,000-hectare project includes four identified copper-silver-gold skarn prospects and two porphyry-style prospects. The Adelita project lies 7 km east of Pan American Silver’s Alamo Dorado silver mine, and approximately 60 km southeast of Frontera Copper’s Piedras Verdes copper-porphyry mine.
Prospero Silver Corp. is pleased to announce that it has signed the definitive agreement with Silver Standard Resources Inc. for an option to joint venture Prospero’s San Luis del Cordero property in central Durango State, Mexico. The initial Letter of Intent with Silver Standard to Joint Venture Cordero was news released on September 17, 2012.
Cardero Resource Corp. announces that Michael Hunter has resigned as the Chief Executive Officer and President, and as a director, of the Company, effective March 19, 2013. The Company would like to thank Michael for his service and significant contribution to the Company. The Board of Directors has appointed Hendrik van Alphen as the new Chief Executive Officer and President of the Company.
Fortuna Silver Mines Inc. today announces 2012 revenue of $161 million and net income of $31.5 million for the year. For the fourth quarter revenue totaled $37.9 million with net income of $8.5 million. Record silver and gold production for the year increased to a record 3,987,757 ounces and 20,699 ounces, respectively, at a consolidated cash cost per ounce, net of by-product credits, of $5.96.
Timmins Gold Corp. is pleased to report its financial results for the year ended December 31, 2012. The comparative period is the nine months ended December 31, 2011 due to the change in year-end during December 2011. All results are presented in United States dollars unless otherwise stated. Readers should refer to the 2012 management discussion and analysis and consolidated financial statements for complete information.
Serengeti Resources Inc. announces the engagement of Bucher Money, Market & Analysis GmbH; the continued engagement of Paradox Public Relations; and the grant of incentive stock options to employees, officers, directors and consultants.
Silver Bull Resources has unveiled its updated resource estimate for its Sierra Mojada project in Mexico, saying it “significantly increased” both the size and grade of the silver resource.
Gold Resource Corporation announced Tuesday record mill production last year, and stood by its outlook for 2013, despite some challenges it experienced in 2012 with the first year of underground mining at its Arista deposit – part of its El Aguila mine in Mexico.
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