Category: Investor’s Corner

Pan American Silver Corp.’s Board of Directors has approved the third quarterly cash dividend of 2014 in the amount of $0.125 per common share. Should the Company’s Board of Directors continue to approve future quarterly dividends in the same amount, the annual cash dividend paid by Pan American would be $0.50 per common share, which represents a yield of approximately 3.3% based on the Company’s closing share price on NASDAQ on August 13, 2014.

Jim Bannantine, the Company’s President and CEO, stated “Aura’s continued focus on operational efficiencies and effective cost reduction programs has resulted in a profitable quarter for the Company. The first half of 2014 was relatively in-line with our production expectations and we are on track to meet 2014’s guidance. Aura has been able to utilize the operating cash flow generated to manage its third party debt.

Plata Latina Minerals Corporation (“Plata Latina” or the “Company”) is pleased to announce that it has arranged for a non-brokered private placement of up to 12 million units (“Units”) at a price of C$0.10 per Unit for gross proceeds of up to C$1.2 million.

FIRST MAJESTIC SILVER CORP. is pleased to announce the unaudited interim consolidated financial results of the Company for the second quarter ended June 30, 2014. The full version of the financial statements and the management discussion and analysis can be viewed on the Company’s web site at www.firstmajestic.com or on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. All amounts are in U.S. dollars unless stated otherwise.

MAG Silver Corp., announces that the remainder of the over-allotment option from the previously closed C$79 million bought deal financing has been fully exercised by the underwriters, and the closing of the sale of the additional 706,000 common shares at a price of C$10.25 per common share is expected to occur on or about August 18, 2014. The additional gross proceeds of C$7,236,500 from this further exercise of the over-allotment option brings the total gross proceeds raised from the full offering to C$86,284,500, and the Company’s cash position after the closing is estimated to be approximately US$90 million with no debt.

Torex Gold Resources Inc. is pleased to announce that 56.5 million common share purchase warrants have been exercised into an equivalent number of common shares of the Company at a price of $1.50 per share, for total proceeds to the Company of $84.8 million.

Santacruz Silver Mining Ltd. is pleased to announce the appointment of Mr. Robert Byrd to the position of Chief Operating Officer of the Company effective August 11, 2014. Mr. Byrd will report directly to the President and CEO of the Company, Mr. Arturo Préstamo.

Goldgroup Mining Inc. is pleased to announce the closing of the first of two tranches of its previously announced non-brokered private placement financing. Pursuant to the first tranche, Goldgroup issued 5,535,909 units at a price of CAD$0.20 per unit and as a result received gross proceeds of CAD$1,107,182.

Sierra Metals Inc. is pleased to report the filing of its unaudited Financial Statements and Management Discussion and Analysis for the second quarter of 2014. All amounts are presented in US dollars unless otherwise stated. For the complete Financial Statements and/or MD&A please visit the Company’s website www.sierrametals.com or SEDAR at www.sedar.com.

Chesapeake Gold Corp. is pleased to announce that it has entered into an agreement whereby Chesapeake has assigned its interest in the 1.5% net smelter returns royalty on its Mexican Metates gold-silver property to Wheaton Precious Metals (Cayman) Co., a subsidiary of Silver Wheaton Corp., in consideration for US$9.0 million.