Author: Josue Gomez

Riverside Announces the Termination of Reorganization and Option Agreements With Guerrero Exploration Inc.

Riverside Resources Inc. announces that it has received notice from Guerrero Exploration Inc. of its termination of the reorganization agreement between Riverside and Guerrero announced June 19, 2012. At the time the Reorganization Agreement was entered into, Guerrero was in default with respect to its option to acquire up to a 70% interest in the Chapalota property, Mexico, from the Company pursuant to an option agreement between the parties announced June 30, 2011. One of the purposes of the Reorganization Agreement was to set forth new terms upon which Guerrero could earn a 100% interest in the Chapalota property. With the termination of the Reorganization Agreement, Guerrero’s option to acquire an interest in the Chapalota property has now terminated.

Avino Silver & Gold Mines Ltd. Resume Trading

Avino Silver & Gold Mines Ltd. is pleased to announce that the Company’s shares will resume trading on Monday morning, July 30, 2012 on both TSX Venture Exchange and NYSE-MKT.

Baja Mining secures $90 mln lifeline for Mexico project

Says Korean consortium has committed to contribute amount by Aug. 30
* Says stake to fall to 49 pct when consortium pays half the amount
* Says second stage of financing not yet committed
* Shares rise as much as 12 pct

ArcelorMittal Posts Mixed Quarter

Steel bellwether ArcelorMittal (MT – Analyst Report) blew past the earnings estimates in the second quarter of 2012, but difficult economic conditions and softness in the steel industry led it to issue a cautious outlook for the rest of the year.

Goldcorp Reports 2012 Second Quarter Results

Goldcorp Inc. today reported adjusted net earnings1 in the quarter of $332 million, or $0.41 per share, compared to $413 million, or $0.52 per share, in the second quarter of 2011. Reported net earnings were $268 million compared to $489 million in the second quarter of 2011. Operating cash flow before working capital changes2 was $520 million. On July 10, 2012, the Company released second quarter gold production and estimated cash costs in addition to updated production and cash cost guidance for 2012.

Fresnillo Appoints Alvidrez CEO as Lomelin Retires

Mexican precious metals miner Fresnillo PLC (FRES.LN) announced Thursday the retirement of its chief executive, Jaime Lomelin, and announced the appointment of Octavio Alvidrez as CEO designate.

Cayden Intercepts 20 Meters of 6.39 G/T Gold in New Trench at La Magnetita

Cayden Resources Inc. is pleased to announce that it has sampled high grade gold values in a new trench from its La Magnetita target in the 100% owned Morelos Sur Gold project located in central Guerrero State, Mexico. Highlights include 20 meters of 6.39 g/t Au including 6 meters of 14.4 g/t Au. Also, further along the trench, Cayden intercepted 27 meters of 0.48 g/t Au, and 17 meters of 0.62 g/t Au (please see www.caydenresources.com for a location map and previous news releases for locations of other trenches from the current program). These intercepts are located in the western portion of the 7.3 square kilometer gold in soil anomaly outlined earlier this year (see NR dated July 4, 2012). Cayden has begun drilling one of the western anomaly targets (seen NR dated June 6th) and is currently awaiting results. Extensive, additional trench samples from both the eastern and western anomaly targets have been completed and are pending assay.

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