Category: Investor’s Corner

Sierra Metals Inc. is pleased to announce the appointment of Audra Walsh as Chief Executive Officer and President, effective July 28, 2014.

Teck Resources Limited reported second quarter adjusted profit attributable to shareholders of $72 million, or $0.13 per share, compared with $197 million or $0.34 per share in 2013. Profit attributable to shareholders was $80 million, or $0.14 per share, compared with $143 million, or $0.25 per share, a year ago.

James R. Moffett, Chairman of the Board; Richard C. Adkerson, Vice Chairman, and FCX President and Chief Executive Officer; and James C. Flores, Vice Chairman, and FM O&G President and Chief Executive Officer, said, “Our second-quarter results reflect continued strong operating performance in our North America, South America and Africa mining operations and from our oil and gas operations, partly offset by the effects of reduced output from Indonesia. We are encouraged by our discussions with the Indonesian government toward reaching a near-term agreement to enable resumption of PT Freeport Indonesia’s copper concentrate exports. During the quarter, we completed a $3.1 billion sale of our Eagle Ford shale assets and acquired additional interests in our Deepwater Gulf of Mexico focus area. We also commenced copper production from our expanded Morenci operation and achieved important progress in our mining and oil and gas development projects to provide future growth in production, cash flows and attractive investment returns. We remain focused on our opportunities to increase value for shareholders through the development of our large resource base, effective management of our operations, prudent capital and balance sheet management, and providing attractive cash returns to shareholders.”

Gold Resource Corporation reports preliminary production results for the second quarter ended June 30, 2014 of approximately 24,170 ounces precious metal gold equivalent. Gold Resource Corporation is a gold and silver producer with operations in southern Mexico. The Company has returned over $98 million to shareholders in monthly dividends since declaring production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Monex estima que Grupo México presentará en el segundo trimestre un crecimiento en ventas y flujo operativo de 3.8% y 1.2%, respectivamente, mientras que para Frisco se prevé un crecimiento de ventas de 32.9% y de ebitda de 55%.

Oceanus Resources Corporation announces that it intends to complete a non-brokered private placement financing to raise up to $3,000,000 at a price of $0.35 per share. The Private Placement will close on or before Friday, July 25, 2014. The proceeds from the Private Placement will be used for exploration of Oceanus’ La Lajita gold property located in Durango. The common shares from this Private Placement will be subject to a 4-month hold period. The Private Placement is subject to TSX Venture Exchange and other required regulatory approval.

Catalyst Copper Corp. announces that further to its news release dated June 23, 2014, it has closed its non-brokered private placement of 20,000,000 units at a price of $0.07 per unit for gross proceeds of $1,400,000. Each unit consists of one common share and one full common share purchase warrant. Each whole common share purchase warrant will be exercisable at $0.10 per common share until July 21, 2019. The securities issued in connection with this private placement are subject to a four month statutory hold period expiring on November 22, 2014. Proceeds will be used for payment of costs of the study by JDS Energy and Mining Inc., existing payables including $1,200,000 of secured loans, and for general working capital.

Major Drilling is pleased to announce its entry into the underground percussive/longhole drilling sector with its agreement to purchase the operations of Taurus Drilling Services. This business operates in Canada, the U.S. and Mexico, providing underground percussive/longhole drilling to mining company clients.

Soltoro Ltd. has awarded 4,170,000 incentive stock options exercisable at $0.14 per common share to officers, directors and consultants of the Company. This grant of options is in compliance with the terms of the Company’s Stock Option Plan and remains subject to the acceptance of the TSX Venture Exchange. This grant of options was awarded after the close on July 18, 2014 and has expiry dates of July 18, 2017 and December 18, 2017.

Kootenay Silver Inc. is pleased to announce that, further to its press release dated June 20, 2014, it has received subscriptions for $1,984,050 under the non-brokered private placement of units and has today closed the initial tranche of the Private Placement totaling $1,633,050 and issued an aggregate of 5,443,500 Units at a purchase price of $0.30 per Unit. The Company anticipates closing the balance of the Private Placement shortly and will provide an update in due course.