Mining companies will meet at the industrys biggest conference next week under the darkest cloud in a decade, but a recent bounce in the price of gold and silver and a trickle of investment and acquisitions are starting to pierce the gloom.
Compañia de Minas Buenaventura S.A.A., Peru’s largest publicly-traded precious metals mining company, announced today results for the fourth quarter 2013 and full year periods, ended December 31, 2013. All figures have been prepared in accordance with IFRS (International Financial Reporting Standards), on a non GAAP basis and stated in U.S. dollars.
New Gold Inc. today announces fourth quarter and full-year 2013 financial and operational results, delivering the lowest annual total cash costs in the company’s history. The company previously released its preliminary operational results on February 6, 2014.
Orex Minerals Inc. is pleased to announce that it has entered into an agreement with M Partners Inc. to act as lead Agent in respect of a best efforts private placement offering of up to 20,000,000 units of the Company at a price of $0.25 per Unit for gross proceeds of up to $5,000,000. Each Unit will consist of one common share and one half of a common share purchase warrant. Each whole Warrant will be exercisable for one common share of the Company at $0.30 for a period of 24 months from closing.
Primero Mining Corp. and Brigus Gold Corp. are pleased to announce the positive results of their respective shareholder votes to approve the previously announced plan of arrangement whereby Primero will acquire all of the outstanding common shares of Brigus. The acquisition is expected to close on March 5, 2014. Brigus’ principal assets are the wholly owned Black Fox mine and mill, and adjoining properties, Grey Fox and Pike River in the Timmins Gold District of Ontario, Canada.
Canarc Resource Corp. is pleased to announce the signing of a letter of intent with Pan American Goldfields Ltd. with respect to a business combination whereby Canarc may acquire all of the outstanding common shares of Pan American.
Hello, and thank you for standing by. This is the conference operator. Welcome to the First Majestic Silver Fourth Quarter 2013 and Year-End Earnings Conference Call. And the conference is being recorded. After the presentation, there’ll be an opportunity to ask questions. At this time, I’d like to turn the conference over to Keith Neumeyer, President and CEO of First Majestic Silver. Please go ahead.
Marlin Gold Mining Ltd. is pleased to announce the creation of Sailfish Royalty Corp. Sailfish will be a wholly-owned subsidiary of Marlin, domiciled in the British Virgin Islands. It is anticipated that the shares of Sailfish will eventually be distributed to Marlin shareholders, with Sailfish becoming a separate publicly traded company. Initially, Sailfish will be populated with a gold stream entitling it to purchase 25% of the gold produced from Marlin’s La Trinidad mine located in Sinaloa, Mexico, at US$1,150 per troy ounce for the next 40 years.
BACANORA MINERALS LTD. announces the issuance of an aggregate of 90,000 common shares at a price of $0.40 per share to James Leahy, a director of the Corporation. The foregoing shares are being issued in payment of services rendered under a consulting agreement (as amended) pursuant to which Mr. Leahy has provided various corporate financial advisory and other related services to Bacanora. The foregoing consulting services have been recorded and disclosed in the Corporation’s most recent financial statements for the period ended September 30, 2013. The completion of this share issuance is subject to the approval of the TSX Venture Exchange. Upon issuance, the foregoing shares will be subject to a statutory four-month hold period in accordance with applicable securities laws.
Excellon Resources Inc. announces that Mr. Ned Goodman has resigned as a director effective immediately. He will resume his role as a special advisor to the board of directors of the Company. This week Mr. Goodman resigned from a number of public company boards due to increased work commitments as the President and Chief Executive Officer and Director of Dundee Corp. and as Chairman of the board of directors of DREAM Unlimited Corp.
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