Category: Investor’s Corner

Fortuna Silver Mines, Inc. is pleased to announce first quarter 2014 production figures from its two operating mines in Latin America, the San Jose mine in Mexico and the Caylloma mine in Peru. The company produced 1.5 million ounces of silver, 8,150 ounces of gold plus base metal by-products. Fortuna is on schedule to produce 6 million ounces of silver and 32,300 ounces of gold or 7.9 million Ag Eq* ounces in 2014.

Scorpio Mining Corporation today announced updates with respect to its El Cajón and San Rafael Development Projects, located 14 km and 15.5 km, respectively, by road from its Nuestra Señora plant.

Virgin Metals Inc. is today providing an update regarding its upcoming special meeting on April 16, 2014. The Company has determined to extend the proxy submission deadline to Tuesday April 15, 2014 at 12:00 Noon.

Freyja Resources Inc. is pleased to announce that it intends to complete a private placement of up to $250,000 of units at a price of $1,000 per Unit. Each Unit will be comprised of $1,000 principal amount of secured, non-convertible debentures, which will mature twenty-four months from the date of issuance and 1,500 common shares in the capital of the Corporation. The Debentures will bear interest at a rate of 12% per annum paid monthly in cash and will be secured by certain assets of the Corporation.

Alamos Gold announced a dividend on Friday, April 11th, Analyst Ratings News reports. Shareholders of record on Wednesday, April 30th will be paid a dividend of 0.10 per share on Wednesday, April 30th. This represents a dividend yield of 0.95%. The ex-dividend date is Friday, April 11th.

Mega Precious Metals Inc. announces the appointment of Daniel Racine to the Board of Directors. Daniel is a Professional Engineer and was President and Chief Operating Officer of Brigus Gold until Brigus was taken over by Primero Mining in March 2014. Prior to this Mr. Racine was Senior Vice President Mining of Agnico-Eagle Mines Limited where he was responsible for Agnico-Eagle’s global mining operations. Mr. Racine joined Agnico-Eagle as a junior Mining Engineer in 1988 and took on progressively senior roles, including LaRonde Mine Manager, Vice-President Operations Manager, and Senior Vice President Operations. During Mr. Racine’s 24 years with Agnico-Eagle, the company grew from a market capitalization of $300 million with two small operating mines to a global mining leader with a market capitalization of $6.4 billion with five large mines in three countries. Mr. Racine has a Bachelor degree in Mining Engineering from Laval University. He is a registered engineer in Quebec (IEng) with L’Ordre des Ingenieurs du Quebec, a professional engineer (PEng) with the Professional Engineers Ontario and also a member of the Ontario Society of Professional Engineers.

Osisko Mining Corporation notes the announcement by Goldcorp Inc. that it intends to amend its hostile offer to acquire all of the outstanding common shares of Osisko to, among other things, extend the expiry date, increase the consideration payable and reduce the minimum tender condition.

Great Panther Silver Limited today announced first quarter production results at its two wholly-owned Mexican silver mining operations, Guanajuato and Topia.

McEwen Mining Inc. is pleased to announce production results for Q1 2014. The Company’s total production for Q1 was 32,146 gold eq. oz comprised of 20,062 gold oz and 725,025 silver oz. This represents an approximate increase of 14% compared to Q1, 2013. Full-year guidance remains unchanged for the year at 135,000-140,000 gold eq. oz. Production costs will be reported in May 2014 with Q1 financials.

Goldcorp Inc. today announced that it intends to increase its previously-announced offer to acquire all of the outstanding common shares of Osisko Mining Corporation to C$7.65 per Osisko share for a total consideration of approximately C$3.6 billion.