Mining companies will meet at the industrys biggest conference next week under the darkest cloud in a decade, but a recent bounce in the price of gold and silver and a trickle of investment and acquisitions are starting to pierce the gloom.
Ciudad de México.- Con el objetivo de incrementar el movimiento de carga de los productos generados por la industria minero-metalúrgica, la acerera Ternium, uno de los mayores grupos minero-metalúrgicos del mundo, llegó a un convenio a largo plazo para la transportación de sus insumos y producción a través de Ferromex.
Compañia de Minas Buenaventura S.A.A., Peru’s largest publicly-traded precious metals mining company, announced today results for the fourth quarter 2013 and full year periods, ended December 31, 2013. All figures have been prepared in accordance with IFRS (International Financial Reporting Standards), on a non GAAP basis and stated in U.S. dollars.
Golden Minerals Company has recently received assay results from eight drill holes totaling 1,490 meters from drilling at its Los Azules exploration project located in southern Chihuahua, Mexico.
New Gold Inc. today announces fourth quarter and full-year 2013 financial and operational results, delivering the lowest annual total cash costs in the company’s history. The company previously released its preliminary operational results on February 6, 2014.
Orex Minerals Inc. is pleased to announce that it has entered into an agreement with M Partners Inc. to act as lead Agent in respect of a best efforts private placement offering of up to 20,000,000 units of the Company at a price of $0.25 per Unit for gross proceeds of up to $5,000,000. Each Unit will consist of one common share and one half of a common share purchase warrant. Each whole Warrant will be exercisable for one common share of the Company at $0.30 for a period of 24 months from closing.
Primero Mining Corp. and Brigus Gold Corp. are pleased to announce the positive results of their respective shareholder votes to approve the previously announced plan of arrangement whereby Primero will acquire all of the outstanding common shares of Brigus. The acquisition is expected to close on March 5, 2014. Brigus’ principal assets are the wholly owned Black Fox mine and mill, and adjoining properties, Grey Fox and Pike River in the Timmins Gold District of Ontario, Canada.
Canarc Resource Corp. is pleased to announce the signing of a letter of intent with Pan American Goldfields Ltd. with respect to a business combination whereby Canarc may acquire all of the outstanding common shares of Pan American.
Southern Silver Exploration Corp. reported today that Freeport-McMoRan Exploration Corporation has provided to Southern Silver $475,000, utilized as to $250,000 to pay the February 2014 periodic option payment to the optionor of the Cerro Las Minitas mineral concessions with the balance of $225,000 utilized in exploration expenses on the property.
Goldgroup Mining Inc. is pleased to announce that its 100% owned subsidiary, Granmin S.A. de C.V. has received the permit for use of explosives from the Mexican military called SEDENA (“Secretary of National Defense”). This represents the final permit necessary for full-scale operations at the Company’s 100%-owned Cerro Prieto open-pit, heap leach gold mine located in Sonora, Mexico. The explosives permit allows Goldgroup to order and use explosives for mining purposes under the supervision of the military. The Environmental Impact Statement and the Authorization of Change of Land Use for the Cerro Prieto project have previously been granted.
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