Category: Investor’s Corner

Fred Stanford, President and CEO of Torex stated, “The El Limon-Guajes Project construction is on schedule and on budget, with over 900,000 hours of work without a lost time injury. The recently signed US375 million commitment letter for a debt agreement, once closed and assuming no additional capital requirements by the ESIA, will provide full funding for the Project and was a major de-risking step. Other recent de-risking steps include the receipt of the final required construction permits and the assembly of Torex’s outstanding construction team that will build and operate the project. Our current exploration effort has shifted to the evaluation of the Media Luna resource, and field surveys to identify additional drill targets similar to those that host ore deposits on the property. At the end of March 2014, of the US725 million Capex project budget, over US400 million has been committed and over US152 million has been invoiced. Building on our successful “on time-on budget” start-up, we are well positioned to pour our first ounce of gold in the third quarter of 2015.”

La compañía realizó un contrato con Credit Suisse a un plazo de 5 años para refinanciar sus notas no subordinadas con miras a fortalecer la empresa, darle mayor estabilidad y lograr un mejor perfil de amortizaciones.

SilverCrest Mines Inc. is pleased to announce its financial results for the first quarter ended March 31, 2014. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in U.S. dollars unless otherwise specified. The information in this news release should be read in conjunction with the Company’s unaudited condensed consolidated interim financial statements for the three months ended March 31, 2014 and associated management discussion and analysis are available from the Company’s website at www.silvercrestmines.com and under the Company’s profile on SEDAR at www.sedar.com.

Osisko Mining Corporation today reported net earnings of $24.2 million ($0.06 per share) for the first quarter of 2014 compared to $17.4 million ($0.04 per share) for the corresponding period of 2013. The Company generated cash flows from operating activities of $91.9 million during the first quarter of 2014 compared to $62.5 million in the first quarter of 2013.

Coeur Mining, Inc. today announced the results of its offer to exchange up to $150,000,000 aggregate principal amount of its outstanding 7.875% Senior Notes due 2021 for a like principal amount of its new 7.875% Senior Notes due 2021.

Candente Gold Corp. is pleased to report that Paul H. Barry has been appointed as an Independent Director.

Geologix Exploration Inc. announced today that its Board of Directors has adopted an Advance Notice Policy in respect to the election of Directors.

Alta Vista Ventures Ltd. wishes to announce a non-brokered private placement of up to 6,000,000 units at a price of $0.05 per unit to raise a total of up to $300,000. A unit will consist of one common share and one transferable common share purchase warrant valid for one year. Each warrant will entitle the holder to purchase one additional common share at a price of $0.075 for one year.

Mercator Minerals Ltd today announced its financial and operating results for the three months ended March 31, 2014. For Q1 2014 the Company produced 16.2 million copper equivalent** pounds, comprised of 7.2 million pounds of copper in concentrates and copper cathode, 2.2 million pounds of molybdenum in concentrates and 89 thousand ounces of silver. For Q1 2014, the Company generated revenues of $41.3 million, incurred an operating loss of $12.8 million and a net loss of $2.4 million (loss of $0.01 per share, basic) or an adjusted net loss* of $16.8 million ($0.05 per share).

Pan American Silver Corp. is pleased to announce that its Chairman and founder, Ross Beaty, was honoured last night by being awarded the Vale Medal for Meritorious Contributions to Mining at the annual gala awards dinner of the Canadian Institute of Mining, Metallurgy and Petroleum held in conjunction with the CIM’s annual convention. Founded in 1898, the CIM is the leading technical society of professionals in the Canadian minerals, metals, materials and energy industries. The Vale Medal is awarded annually as a mark of distinction and recognition to a person who has made a meritorious and practical contribution of outstanding importance to the mining and metallurgical industry of Canada.