Category: Investor’s Corner

Toronto-listed Baja Mining Corp said it signed another standstill agreement with lenders to its 70-percent-owned Boleo copper-cobalt-zinc project in Mexico after its Korean partners agreed in July to inject $90 million into the development.

Arranges $75 Million Revolving Bank Line of Credit With Scotiabank

Levon Resources Ltd, is pleased to report that further to the news release of June 19, 2012, it has filed the updated NI 43-101 compliant resource report on Sedar for the Cordero Project in Chihuahua State, Mexico. The resource update was completed by Independent Mining Consultants in collaboration with M3 Engineering and Technology of Tucson, AZ.

Timmins Gold Corp. (TSE:TMM) received initial coverage from Stonecap Securities, which handed out an “outperform” rating and a one-year target price of $3.20 – up considerably from the current price of $1.79 per share.

Cream Minerals Ltd. has filed an Amended Management’s Discussion and Analysis for the period ended March 31, 2012 to correct an error in the table of estimated open-pit inferred mineral resources which formed part of the updated Mineral Resource Estimate. The same table appeared in the Company’s news release of July 30, 2012.

Corex Gold Corp. is pleased to announce a non-brokered private placement for up to 13,500,000 units at a price of $0.08 per Unit for aggregate proceeds of up to $1,080,000. Each Unit consists of one common share and one share purchase warrant. Each Warrant entitles the holder to subscribe for one common share at a price of $0.15 for a period of twenty four months following the closing of the Financing.

The Mexican mining company said the fall comes on the back of an increase in investment costs and a drop in most metal prices.

Cerro Resources NL is pleased to release a summary of the Company’s quarterly activities. The detailed Quarterly Activities Report which also includes the financial statements for the period ending June 30, 2012, is posted on the Company’s website www.cerroresources.com and will be filed on www.sedar.com today.

Kimber Resources Inc. today announced two new appointments to its management team: David (Dave) Hembree as Vice President, Exploration and James (Jim) McKay as Vice President, Project Development for the Monterde Project, as well as the resignation of Mr. Currie as COO.

Primero Mining Corp. today reported financial results for the second quarter ended June 30, 2012. The Company reported net earnings of $15.0 million ($0.17 per share) with adjusted net earnings(1) of $15.4 million ($0.17 per share) and record operating cash flows(2) of $35.8 million ($0.41 per share). The Company also announced that it has increased 2012 annual production guidance by 10% to between 110,000 and 120,000 gold equivalent ounces.