Cayden Resources (CVE:CYD) has increased the non-brokered financing it announced last week from $4.2 million to nearly $5.1 million due to increased demand, the miner said.
Gold Resource Corporation announced that it is extending to certain of its employees an opportunity to cancel the employee’s outstanding unexercised stock options and receive an equal number of replacement options to purchase the Company’s common stock at a lower exercise price and subject to a new three-year vesting period. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico. The Company has declared over $56 million to shareholders in monthly dividends since declaring commercial production July 1, 2010 and may be the only Company offering shareholders the option to convert their cash dividends into physical gold or silver.
Soltoro Ltd. has received notice from Argentum Silver Corp. that it has elected to trigger the early exercise provisions of the option agreement signed with Soltoro Ltd. (SOL:TSX.V) on April 25, 2011 to acquire a 100% undivided interest in the Coyote and Victoria Silver Gold Properties located in the State of Jalisco, Mexico. Soltoro is proceeding to complete the transfer of 100% ownership of both properties to Argentum Silvers Mexican subsidiary. Soltoro and Argentum Silver recently completed two separate royalty agreements whereby Argentum Silver has granted Soltoro a 3% Net Smelter Return royalty on both property groupings. The agreements will be filed against title on transfer of 100% ownership. Soltoro retains a 3% N.S.R. interest in each project whereby 1% can be purchased by Argentum Silver for US$1.5 million to a maximum of 2% for each project. In addition, Soltoro holds 6,760,000 common shares of Argentum Silver.
Great Panther Silver Limited today announced it has signed a definitive agreement for the purchase of a 100% interest in certain surface rights on its wholly-owned San Ignacio Project in Guanajuato, Mexico. The surface rights agreement was signed on August 17, 2012 and the title transfer is expected to be completed within two weeks.
International Northair Mines Ltd. is pleased to announce assay results from 3 core holes completed in the La Borracha Zone at its La Cigarra silver project located in north central Mexico. La Borracha is the northernmost known segment of the La Cigarra mineral system, located 200 meters northwest of the main San Gregorio and Las Carolinas target areas where drilling has identified a significant mineralized zone measuring over 2,000 metres in length and upwards of 150 meters wide. The combined San Gregorio-Las Carolinas zone is the current focus of an initial resource determination scheduled for Q4 2012.
Terry Coughlan, President and CEO of GoGold Resources Inc. is pleased to announce that Robert Harris, P. Eng., has been selected to join GoGold as Chief Operating Officer to spearhead the development of the Parral Tailings Project in Chihuahua, Mexico.
The company would like to announce the completion of its upgrade at the La Yesca Mill operations with one final piece of equipment left for completion. This equipment, a specific type of diaphragm pump, has been difficult to source, but has now been sourced and ordered.
Civil disobedience has halted production at Mexicos top grade producer of silver. Farmers of the La Sierrita village, a close knit community of about 50 families, located 40 minutes north of the city of Gomez Palacio, Durango, have shut down the La Platosa mine owned by Canadian firm Excellon Resources for over a month.
Victory Resources Corp. is pleased to announce that a representation bulk sample from the Matanza and the Altamira tailings ponds have been submitted for mineralogical studies and metallurgical tests to determine the viability of re-processing the material.
Silver Bull Resources, Inc. is pleased to announce the drill results for the second batch of 6 holes from the underground drill program twinning a series of “long holes” in a high grade silver zone situated at the eastern end of the Shallow Silver Zone on the Sierra Mojada Project in Coahuila, Northern Mexico.
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