Aurcana Corporation is pleased to report the Q1 2014 production results of 360,790 ounces silver compared to 310,554 in Q1 2013. Silver production for the first quarter of 2014 increased 16% compared to Q1, 2013. Silver Equivalent increased 55% to 919,989 in Q1 2014, compared to 592,504 in Q1 2013, the largest quarter for silver equivalent production in Aurcana’s history.
Mercator Minerals Ltd announces the voting results from its Special Meeting of Shareholders regarding the proposed plan of arrangement between Mercator and Intergeo Mining MMC held today in Vancouver, British Columbia.
Cardero Resource Corp. announces that it has received $3,774,651 as a BC Mineral Exploration Tax Credit refund. These funds, together with additional funds from its line of credit, were used to make the payment of USD 3,700,000, plus interest, due on or before March 14, 2014 under the terms of its outstanding senior secured notes. The Company also announces that all motions put forward for approval at its 2014 Annual General Meeting held April 4, 2014 in Vancouver, British Columbia passed with significant shareholder support.
First Majestic Silver Corp. is pleased to announce the appointment of Mr. Ramon Mendoza Reyes, P. Eng., as Vice President of Technical Services and as Qualified Person responsible for the Company’s Mineral Reserve and Resource estimates, long-term mine planning and the coordination of all work related to the preparation of the Company’s NI 43-101 Technical Reports.
Full Metal Zinc Ltd. has received TSX Venture Exchange approval for its name change to Aftermath Silver Ltd as previously announced on December 18, 2013.
IMPACT Silver Corp. announces its audited financial and production results for the three months and year ended December 31, 2013. Overall, silver production and grade increased, but revenues decreased in 2013 relative to 2012 mainly due to the dramatic drop in silver prices. The Company had a net loss of $8.5 million for the year, most of which was due to non-cash items totaling $9.0 million, resulting in a positive cash contribution of approximately $0.5 million.
Goldcorp Inc. today reported that it is continuing its due diligence process at Osisko Mining Corporation’s Malartic mine in Quebec. Following a full analysis of due diligence findings, Goldcorp will consider its position and apprise its shareholders as to next steps related to its existing offer to acquire Osisko.
As one of the first juniors to explore in the Guerrero Gold Belt (“GGB)”, Minaurum is focused on advancing its flagship Vuelcos del Destino project, located 20 km from Goldcorp’s Los Filos mine. To provide itself with financial flexibility, Minaurum has extended its option to purchase 100% of the project from Minera Zalamera S.A. de C.V. to April 23, 2017. In consideration for the extension, it will be paying an additional $20,000 and issuing an additional 2,650,000 shares.
Colibri Resource Corporation announces the resignation of Dr. Jon A. Nourse from the Board of Directors effective April 1, 2014. “Jon was instrumental in all of our exploration programs of Colibri claim sites in Sonora, Mexico,” commented Lance Geselbracht, Colibri’s President. “We wish him well in his continued role as Chairman, Department of Geological Sciences, California State Polytechnic University where he focuses time on building their new graduate program.”
YAMANA GOLD INC. and Osisko Mining Corporation are pleased to announce they have entered into an agreement pursuant to which Yamana will acquire a 50% interest in Osisko’s mining and exploration assets for C$441.5 million in cash and 95.7 million common shares of Yamana having an aggregate value of C$929.6 million. Upon implementation of the Agreement, each outstanding Common share of Osisko will be exchanged for (i) C$2.194 in cash, (ii) 0.2119 of a Yamana common share, and (iii) a new common share of Osisko.
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