Category: Investor’s Corner

Capstone Mining Corp. today announced its financial results for the year ended December 31, 2014, with operating cash flow before changes in working capital for the year a record $199.4 million. Notwithstanding this strong performance, Capstone posted a loss for the year of $22.4 million due to non-cash charges of $55.8 million, including $36.2 million related to a write down of inventory and capitalized mineral property costs at Minto, $11 million related to the impairment of available-for-sale securities and $8.6 million in the carrying value of the Kutcho development project. Copper production during the year at Capstone’s three operating mines totalled 103,353 tonnes of copper in concentrates and cathode (99,739 tonnes of payable copper) at a C1 cash cost of $1.93 per payable pound of copper produced.

Timmins Gold Corp. and Newstrike Capital Inc. are pleased to announce that they have entered into a definitive arrangement agreement pursuant to which Timmins Gold has agreed to acquire all of the issued and outstanding common shares of Newstrike by way of a court approved plan of arrangement.

Starcore International Mines Ltd. announces production results for the fiscal 2015 second quarter, ending January 31, 2015, at its San Martin Mine in Queretaro, Mexico.

Almaden Minerals Ltd. announces that Dr. Barry Smee has resigned from its board of directors due to family considerations. Dr. Smee has been a director of Almaden since July 2006.

SilverCrest Mines Inc. is pleased to announce the appointment of Michael Rapsch as Vice President, Corporate Communications.

Lowell Copper Ltd. announces that, pursuant to its Stock Option Plan, it has granted incentive stock options to certain directors, officers, employees and consultants of the Company to purchase up to an aggregate of 1,800,000 common shares in the capital stock of the Company. The options are exercisable at a price of $0.45 per common share, will expire on February 13, 2020 and will vest in four equal parts over two years after the grant.

Fresnillo Plc dijo que sufrió un cargo de amortización de unos 17.000 millones de dólares en el 2014 ligado a parte de su propiedad en sus operaciones de extracción de oro de Soledad y Dipolos en México.

Hecla Mining Company today reported the results from another successful year of exploration, achieving record silver reserves despite the use of reduced metals prices for the calculation, and net of 2014 silver production.

Primero Mining Corp. today reported financial and operational results for the fourth quarter and year ended December 31, 2014. On January 20, 2015 the Company reported record production of 225,100 gold equivalent ounces, a 57% increase over 2013, at low cash costs of $687 per gold equivalent ounce. Today the Company reports record revenues in 2014 of $274.6 million, operating cash flow before changes in working capital of $73.7 million ($0.48 per share), a net loss of $224.4 million ($1.48 per share) including $209.0 million ($1.37 per share) in non-cash impairment charges and adjusted net income of $5.4 million ($0.04 per share).

BACANORA MINERALS LTD. announces that the Directors of Bacanora have received a requisition from Rare Earth Minerals Plc under the Company’s governing corporate statute (the Business Corporations Act (Alberta)), to call a meeting of Bacanora shareholders for the purpose of passing a resolution appointing Mr. David Anthony Lenigas, current Executive Chairman of REM, as a director of Bacanora. In accordance with the ABCA, in the event that the Directors do not call for a special meeting within twenty-one days from receipt of a requisition, the requisitioning shareholder shall be entitled to call such a meeting.