Avino Silver and Gold Mines Ltd. is pleased to announce the January 2014 production results from its San Gonzalo mine and Avino Mine surface stockpile operations located on the Avino property near Durango, Mexico.
El Tigre Silver Corp. President and CEO, Stuart Ross, discusses with Proactive Investors El Tigres recent developments & upcoming catalysts. El Tigre Silver currently owns 100% of 9 mining concessions, 8 comprising 21,500 hectares (215 square kilometres) located in the Sierra El Tigre, northeastern Sonora State in Mexico. El Tigre currently has 55,697,109 shares outstanding and 71,558,609 shares fully diluted. El Tigres business plan has two key components. The first is to continue toward the development of a production facility to recover silver and gold from a large tailings pile resulting from 35 years of production at the original El Tigre mine, and the second is to reinvest the revenue from the processing of the tailings towards the exploration and development of the in-situ mineral resource and the historical waste dumps.
Source Exploration Corp. today announced that its board of directors has approved an amendment to the by-laws of the Corporation (By-Law No. 1) to include mandatory procedures for nominations of persons for election to the Board, including an advance notice requirement for nominations of directors by shareholders in certain circumstances.
GOLDCORP INC. is pleased to declare its second monthly dividend payment for 2014 of $0.05 per share. Shareholders of record at the close of business on Thursday, February 13, 2014 will be entitled to receive payment of this dividend on Friday, February 21, 2014.
Further to its press release of December 2, 2013, Cortez Gold Corp. announces that it has entered into agreements with various lenders for a debt facility in the aggregate amount of US$2 million, which funds have now been advanced to the Company. No payments are required on the Loan, which has a 24-month term, until after the 18th month following the effective date of disbursement of the Loan funds. After the 18th month, a payment of interest only will be due and payable (covering interest for the 18 months that the Loan will have been outstanding), and interest payments shall continue thereafter on a monthly basis until the end of the term. At the end of the term, the principal amount plus any outstanding interest will be due and payable.
Primero Mining Corp. and Brigus Gold Corp. today jointly announced that their respective information circulars prepared in connection with the previously announced arrangement, whereby Primero will acquire all outstanding common shares of Brigus pursuant to a plan of arrangement, have been mailed to the respective shareholders of Primero and Brigus.
NWM Mining Corporation announces that it has extended the due date of the current debt outstanding from January 31, 2014 to April 30, 2014. The extension provides a further three month extension for the ongoing negotiations to be concluded with the Company’s lender (Renvest Mercantile Bancorp through its Global Resource Fund), as set out in the Company’s press release dated June 14, 2013.
Newstrike Capital Inc. announces that it has employed Patrick Piette of Minera IR as Manager of Investor Relations. Mr. Piette will be responsible for marketing and shareholder communications as well as the development and implementation of a strategic investor relations program, which includes enhancing the Company’s exposure among industry stakeholders and investors across Canada.
This has been a busy period with the Company continuing to make significant progress on its flagship Promontorio Project. During the Quarter, an Induced Polarization (IP) survey and a follow-up diamond drilling program focused on further investigating the exciting Cascada deposit and testing a porphyry copper target.
Pan American Silver Corp. – After another year of successful exploration, the La Colorada mine in Zacatecas, Mexico increased its proven and probable silver mineral reserves to 81.4 million ounces, an increase of 26% compared to the year before. Net of 2013 silver production, the mine added an estimated 16.7 million ounces of new silver reserves during the year. The updated mineral reserve and resource estimate for La Colorada as of December 31, 2013 is as follows:
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