Author: Josue Gomez

Fresnillo 2012 Pretax Profit From Cont. Ops. Decreases

Fresnillo plc (FRES.L) reported that its full year 2012 profit from continuing operations before income tax decreased to $1.16 billion from $1.53 billion last year. Attributable profit from continuing operations was $736.09 million or $1.026 per share, compared to $901.75 million or $1.257 per share prior year. Attributable net profit, excluding Silverstream effects, was $652.1 million, down 17.2%.

Sierra Metals Submits an Application to Graduate to the TSX and Announces Appointment of Chairman

Sierra Metals Inc. is pleased to announce that it has submitted an application to list its common shares on the Toronto Stock Exchange, Canada¡¯s premier stock exchange. If the application is accepted by the TSX, trading in the Company¡¯s common shares will graduate to the TSX and such common shares will cease to be listed for trading on the TSX Venture Exchange. This action follows Sierra Metals¡¯ recent announcement of a new quarterly cash dividend of $2.5 million or $0.016 per share announced on February 12, 2013.

First Majestic Silver (AG) Seeks to Repurchase up to 5.85M Shares

First Majestic Silver Corporation (NYSE: AG) announced today that its board of directors has approved a share repurchase program pursuant to a normal course issuer bid in the open market through the facilities of the Toronto Stock Exchange or alternative Canadian market places over the next 12 months. Pursuant to the Share Repurchase, the Company proposes to repurchase up to 5,848,847 common shares of the Company which is the maximum number of shares permitted to be purchased under the TSX rules and represents 5% of the 116,976,940 issued and outstanding shares of the Company as of March 1, 2013.

First Majestic Announces Share Repurchase Program

First Majestic Silver Corp. announced today that its board of directors has approved a share repurchase program pursuant to a normal course issuer bid in the open market through the facilities of the Toronto Stock Exchange or alternative Canadian market places over the next 12 months. Pursuant to the Share Repurchase, the Company proposes to repurchase up to 5,848,847 common shares of the Company which is the maximum number of shares permitted to be purchased under the TSX rules and represents 5% of the 116,976,940 issued and outstanding shares of the Company as of March 1, 2013.

Gold Resource Corporation Step-Out Drilling Intercepts High-Grade Gold and Silver Near Arista Deposit, Including 2.93m of 9.23 G/T Gold and 1,039 G/T Silver

Gold Resource Corporation is pleased to announce a new high-grade gold and silver zone at its Arista vein system with intercepts including 9.23 grams (0.27 ounces) per tonne gold and 1,039 grams (33.34 ounces) per tonne silver over 2.9 meters. Gold Resource Corporation is a low-cost gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $75 million to shareholders in monthly dividends since declaring commercial production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver.

Defiance Silver Corp. announces it intends to seek TSX Venture Exchange approval to extend the expiry date of certain previously issued warrants

Defiance Silver Corp. announces it intends to seek TSX Venture Exchange approval to extend the expiry date of certain previously issued warrants, being: (i) 937,500 warrants exercisable at $0.21333 per share (issued April 15, 2011) from April 15, 2013 to April 15, 2014; (ii) 397,225 warrants exercisable at $0.30 per share (issued April 17, 2012) from April 17, 2013 to April 17, 2014; and (iii) 175,025 warrants exercisable at $0.65 per share (previously issued April 17, 2012) from April 17, 2013 to April 17, 2014. The warrant term expiry date extensions are subject to Exchange approval.

Cerro Resources NL Files its Half-Year Financial Report

Cerro Resources NL has filed its Interim Financial Statements and Directors’ Report for the half-year period ended December 31, 2012. They can be viewed on the Company’s website at www.cerroresources.com and have been filed on SEDAR at www.sedar.com.

Candente Gold enters Option Agreement for Mexican Tailings Project with Sun River Gold

“We are very pleased to have Sun River Gold Corp. as both an investor and innovative partner in the Tailings project. The Tailings Project is a potential opportunity for short term cash flow and this agreement allows us access to both capital and technology to advance this opportunity” commented Joanne Freeze, President and CEO of CDG.

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