Category: Investor’s Corner

The world’s largest primary silver producer, London-listed Fresnillo, has agreed to buy Newmont Mining’s 44% stake in its Mexican joint venture for $450-million in cash.

Southern Silver Exploration Corp. reported today details of a capital consolidation of the Company and on the status of the Cerro Las Minitas option agreement.

Bralorne Gold Mines Ltd. reports that further to the proposed acquisition of Bralorne by Avino Silver & Gold Mines Ltd. by plan of arrangement as announced on June 30, 2014 and August 1, 2014, Avino has advanced to Bralorne the second loan instalment of $750,000 to meet Bralorne’s ongoing working capital requirements.

Santacruz Silver Mining Ltd. is pleased to announce the results of a Preliminary Economic Assessment and new resource estimate prepared pursuant to National Instrument 43-101 on its San Felipe Project located 130 km northeast of Hermosillo in Sonora State, Mexico. Highlights of the PEA, using a US$19.91 per ounce silver base case, include:

Red Tiger Mining Inc., wishes to correct a numerical error in its news release dated August 20, 2014. The option grant referred to in the news release, should have read that 1,935,000 options of the Company were granted instead of 1,865,000. All other terms are identical.

Orex Minerals Inc. announces that it has granted 250,000 incentive stock options to a consultant to purchase 250,000 shares in the capital of Orex at an exercise price of $0.37 per share and with a two year term. The options will vest immediately.

Odyssey Marine Exploration, Inc., a pioneer in the field of deep-ocean exploration, reported that the Environmental Impact Assessment for proposed dredging and recovery of phosphate sands from the “Don Diego” deposit has been filed with the Mexican Secretary of Environment and Natural Resources (SEMARNAT). According to governmental regulations, a response is expected in approximately 60 business days.

Sierra Metals Inc., a Canadian mining company focused on the production of silver and base metals from Peru and Mexico, is pleased to announce that, as part of an ongoing corporate development strategy, Victoria Vargas has joined Sierra Metals as Vice President Investor Relations and Corporate Communications. In this role, Ms. Vargas will be the primary liaison between Sierra and its investors, analysts and financial community globally.

First Mexican Gold Corp. would like to report that a number of developments have occurred and presently underway as outlined below.

Agnico Eagle Mines Limited and Cayden Resources Inc. are pleased to announce that they have entered into an agreement pursuant to which Agnico Eagle will acquire 100% of Cayden’s issued and outstanding common shares, including shares issuable under outstanding options and warrants, under a plan of arrangement for total consideration of approximately C$205 million, or approximately C$3.79 per share (based on Agnico Eagle’s volume weighted average price of shares on the TSX for the 30-day period ended September 5, 2014). Under the Arrangement, Cayden shareholders will be entitled to receive 0.09 of an Agnico Eagle share and C$0.01 for each Cayden common share. The offer represents a premium of 42.5% to the volume weighted average price of Cayden shares on the TSX Venture Exchange for the 30-day period and an 51.9% premium to the 60-day period, both ended September 5, 2014 (the last trading day prior to announcement of the transaction).