Author: Josue Gomez

Alamos Gold and Aurico Gold to Combine Creating Leading Intermediate Gold Producer

Alamos Gold Inc. and AuRico Gold Inc. are pleased to announce that they have entered into a definitive agreement to combine their respective companies by way of a plan of arrangement, creating a new, leading intermediate gold producer. The Merger combines two top-quality, highly-complementary asset portfolios, including two long-life, cash flow-generating gold mines: AuRico’s Young-Davidson mine in Ontario, Canada, and Alamos’ Mulatos mine in Sonora, Mexico. The transaction is structured as a merger of equals with a transaction equity value of approximately US$1.5 billion.

Cangold And Great Panther Silver Execute Definitive Arrangement Agreement

CANGOLD LIMITED and GREAT PANTHER SILVER LIMITED are pleased to announce that further to the binding letter agreement announced on February 26, 2015, they have entered into a definitive arrangement agreement pursuant to which Great Panther will, subject to the terms and conditions of the Arrangement Agreement, acquire all of the issued and outstanding common shares of Cangold by way of a court-approved plan of arrangement.

First Majestic Produces 3.9 Million Silver Eqv. Ounces in Q1’15

First Majestic Silver Corp. is pleased to announce that total production at its five operating silver mines in Mexico for the first quarter ending March 31, 2015 reached 3,905,270 equivalent ounces of silver, representing an 8% increase compared to the same quarter in 2014.

Santacruz Silver Announces Further Amendment to Silver Purchase Agreement

Santacruz Silver Mining Ltd. announces that further to the Company’s press release of December 1, 2014 relating to the amended Pre-Paid Silver Purchase Agreement entered into with JMET, LLC, Santacruz is pleased to announce that the agreement has been further amended to extend until the end of 2015 the repayment of US$5 million of the US$7 million due on April 1, 2015. The Company paid US$2 million to JMET, LLC on April 1, 2015.

McEwen Mining boosts security at Mexican mine

The chief executive of McEwen Mining is beefing up security at the Canadian company’s mine refinery in Mexico to make it as “impenetrable” as Fort Knox after a band of masked gunmen made off with $8.5 million in gold.

Revela empresario canadiense “buena relación” con ‘narcos’ mexicanos

El director de la compañía propietaria de la mina donde asaltantes robaron oro valuado en 8.5 millones de dólares aseguró que nunca habían tenido ningún problema con la delincuencia e hizo una inusual revelación: que llevan una buena relación con el narcotráfico en la zona para poder operar.

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