Category: Investor’s Corner

The Company reported a net loss of $5.0 million in the second quarter 2014 compared to a net loss of $217.8 million in the second quarter 2013, with the difference attributable primarily to a $238.0 million impairment charge recorded in the second quarter 2013. The Company reported zero gross margin in the current quarter as compared to a negative gross margin of $3.6 million in second quarter 2013, due to a suspension of mining activity at the Velardena Properties between mid-June 2013 and June 30, 2014. Velardena care and maintenance costs were $1.2 million in the current quarter compared to $2.3 million in the second quarter 2013, with the difference due to the inclusion of shut down expenses in the 2013 figure. Exploration expenses were $1.7 million in the second quarter 2014 compared to $1.2 million in the year ago period, with the difference attributable primarily to 2014 drilling at the Company’s Los Azules property in Mexico. Administrative expenses were $1.1 million in the current quarter compared to $1.6 million in the second quarter 2013.

“The second quarter marked an important time for Silver Standard’s future. With the acquisition of the Marigold mine complete, we have grown substantially to become the operator of two large open pit mines,” said John Smith, President and CEO. “Our silver-equivalent production and sales increased by 81% and 91%, respectively, compared to the first quarter and we are on track to achieve improved results for the remainder of 2014. We continue to focus on the optimization and life-of-mine plan for Marigold and consistent delivery at Pirquitas. With the addition of our second producing mine, a healthy balance sheet and proven management capability, we are positioned for further growth and success.”

Coeur Mining, Inc. reported second quarter 2014 revenue of $164.6 million, adjusted net loss1 of $31.6 million, and cash flow from operating activities of $30.5 million, the highest level in a year. The Company realized average metal prices of $19.60 per silver ounce and $1,277 per gold ounce during the quarter, which were 3% lower and roughly flat, respectively, compared to the first quarter of 2014.

GREAT PANTHER SILVER LIMITED today reported financial results for the Company’s three and six months ended June 30, 2014. The full version of the Company’s unaudited condensed interim consolidated financial statements, and Management’s Discussion and Analysis can be viewed on the Company’s website at www.greatpanther.com, or SEDAR at www.sedar.com. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in Canadian dollars unless otherwise indicated.

Los productores medianos y pequeños están aprovechando activos descartados por competidores más grandes que reducen sus carteras para concentrarse en sus operaciones más rentables.

Red Tiger Mining Inc., announces that it has received and accepted the resignation of Mr. Sergei Tchetvertynkh from the Board of Directors. Mr. Tchetvertynkh’s resignation is effective immediately.

Evrim Resources Corp. is pleased to announce key changes to the Company’s executive team and the appointment of Mr. Howard Davies as Chief Operating Officer and Vice President of Exploration. Mr. Davies will take a lead role in driving Evrim’s exploration strategy and supporting business development activities.

BIG NORTH GRAPHITE CORP. is pleased to announce that two arm’s length parties have acquired an aggregate of 4,174,246 common shares in the capital of the Company pursuant to the conversion of the principal and accrued interest of unsecured convertible notes issued in January, 2014.

El Gobierno de Perú aprobó el plan ambiental de un proyecto clave de Southern Copper, filial de Grupo México, de 1,400 millones de dólares, luego de que la empresa despejó las dudas de los reguladores y las comunidades, informó Guillermo Shinno, viceministro de Minas de Perú.

United States Antimony Corporation has placed 2,453,288 shares at $1.40 with institutional and accredited private investors to raise gross proceeds of $3,434,603. Initial funds are being used to increase Mexican smelting capacity by 50% to process a large inventory of smelter feed in Mexico. Thereafter, funds will be used to further increase smelter production several fold, increase Mexican mine production, resume mining the Los Juarez silver-antimony-gold property, and complete the installation of the 500 ton per day mill.