Category: Investor’s Corner

Gold Resource Corp shares rocketed nearly 11% on Wednesday after the company announced a high grade gold and silver intercept at a new vein on its Arista deposit, which forms part of the company’s El Aguila project in Mexico.

Bowmore Explorations Ltd. is pleased to announce that it has completed the financing through the London based investment group Global Resources Investment Trust Plc. pursuant to which Bowmore has acquire 518,246 ordinary shares of Global Resources Investment Trust Plc., valued at 1 British Pound per GRIT Share (or total value of $960,000 Canadian) in exchange for 6,000,000 common shares of Bowmore valued at $0.16 per Bowmore share. Global Resources Investment Trust Plc announced Friday March 7th, 2014 the admission of its ordinary shares to the premium listing segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange’s main market for listed securities.

Golden Tag Resources Ltd. wishes to provide an overview of operations including cost reductions in 2013 and going forward into 2014. In an effort to conserve funds, the Company in 2013 significantly reduced direct operating expenses (unaudited) by an amount of $198,383 or 48% from $413,683 in 2012 to $215,300 for the same period in 2013. Also, Golden Tag announces that it has signed two executive service contracts, which provide for significantly reduced current compensation to the Company’s President/CFO and its CEO in light of market conditions. The President’s agreement provides that from January 1, 2013 the historical compensation of $145,000 year is reduced to a base fee of$65,000 unless and until the Company has a minimum of $100,000 in unallocated working capital. The $80,000 is not accrued during any period when the minimum working capital is not in-hand but would be accrued if the agreement is terminated without cause by the Company before its 5 year term expires. There is a 36 month change of control severance based on the historical level reflective of 23 years of service to the Company. The CEO has been reduced to a base Fee of $20,000 per year and a per diem during periods of exploration activity. The CEO is entitled to a lump sum of $200,000 if there is a change of control within the three year term of the agreement reflective of 8 years of service.

IRVING, TX, Mar 12, 2014 (Marketwired via COMTEX) — (otcqb:DYNR) — DynaResource, Inc., along with DynaResource de Mexico SA de C.V., the 100% owner of the San Jose de Gracia Project in Sinaloa State, Mexico announce plans to consolidate legal actions against Goldgroup Mining, Inc. and Goldgroup Resources, Inc.

Baja Mining Corp. is pleased to announce that its common shares have been approved for listing on the TSX Venture Exchange. The Shares will be delisted from the Toronto Stock Exchange at the close of business on Friday, March 14, 2014 and commence trading on the TSX Venture Exchange at the open of business on Monday, March 17, 2014 under the symbol BAJ.

Silver equivalent production jumped 49% in the fourth quarter, to 3.0 million ounces, as pure silver output increased 56% and gold production rose 37%. The company said plant throughputs, ore grades and metal recoveries were higher at all of its three mines, which include the Guanacevi mine in Durango state, and the Bolanitos and El Cubo mines in Guanajuato state in Mexico.

Monetization From Record-Setting Silver Recovery Drives Record Quarterly Revenue of $17.2 Million and Record Quarterly Net Profit of $10.8 Million or $0.13 Per Share.

Fresh from the Letter Writer Presentations track at the Prospectors and Developers Association of Canada (PDAC) conference, The Gold Report asked thought leaders to share their impressions from the annual minefest. Adrian Day Asset Management Founder Adrian Day,Exploration Insights Publisher Brent Cook, House Mountain Partners Founder Chris Berry and The Daily Gold Premium Publisher Jordan Roy-Byrne used terms such as “realistic” and “muted.” Eric Coffin, editor of Hard Rock Analyst, posited that the lack of excitement might actually benefit the few companies that rose on good conference-timed news because it removed the chance of a “PDAC curse” dropping stock prices after the event. Let’s see if all the voices agree.

San Marco Resources Inc. announces that it proposes to carry out a non-brokered private placement of 8,000,000 units at $0.05 per unit for gross proceeds of up to $400,000.

Santacruz Silver Mining Ltd. is pleased to announce the closing of its prospectus offering announced on February 12, 2014 through a syndicate of underwriters led by Canaccord Genuity Corp. and including Raymond James Ltd. The Company issued 10,750,000 common shares at a price of $1.00 per Common Share for gross proceeds of $10,750,000. The Underwriters received a cash fee equal to 6% of the gross proceeds of the Offering, as well as 645,000 warrants, each of which is exercisable to purchase one Common Share for a price of $1.00 for a period of 24 months. Canaccord was also issued an additional 100,000 Common Shares as a corporate finance fee.