Goldcorp Inc. today reported that it is continuing its due diligence process at Osisko Mining Corporation’s Malartic mine in Quebec. Following a full analysis of due diligence findings, Goldcorp will consider its position and apprise its shareholders as to next steps related to its existing offer to acquire Osisko.
As one of the first juniors to explore in the Guerrero Gold Belt (“GGB)”, Minaurum is focused on advancing its flagship Vuelcos del Destino project, located 20 km from Goldcorp’s Los Filos mine. To provide itself with financial flexibility, Minaurum has extended its option to purchase 100% of the project from Minera Zalamera S.A. de C.V. to April 23, 2017. In consideration for the extension, it will be paying an additional $20,000 and issuing an additional 2,650,000 shares.
Colibri Resource Corporation announces the resignation of Dr. Jon A. Nourse from the Board of Directors effective April 1, 2014. “Jon was instrumental in all of our exploration programs of Colibri claim sites in Sonora, Mexico,” commented Lance Geselbracht, Colibri’s President. “We wish him well in his continued role as Chairman, Department of Geological Sciences, California State Polytechnic University where he focuses time on building their new graduate program.”
YAMANA GOLD INC. and Osisko Mining Corporation are pleased to announce they have entered into an agreement pursuant to which Yamana will acquire a 50% interest in Osisko’s mining and exploration assets for C$441.5 million in cash and 95.7 million common shares of Yamana having an aggregate value of C$929.6 million. Upon implementation of the Agreement, each outstanding Common share of Osisko will be exchanged for (i) C$2.194 in cash, (ii) 0.2119 of a Yamana common share, and (iii) a new common share of Osisko.
Baja Mining Corp. announces that it is joining Korea Resources Corporation and the other members of the Korean Consortium in converting all of the outstanding shareholder loans of Minera y Metalúrgica del Boleo S.A. P.I. de CV. into equity of MMB. The Conversion is intended to assist MMB in obtaining further financing for the Boleo Project and in its efforts to restructure its existing project financing. Baja and KORES have also agreed in principle on certain terms to be included in a new MMB shareholders agreement (the “New Shareholders Agreement”) proposed to replace the current MMB shareholders agreement.
Vista Gold Corp. today announced it has repaid its 2013 loan facility in full. The 2013 Facility balance, which had been reduced to approximately $1.3 million in February 2014, was due March 31, 2015.
Gold Resource Corporation today confirmed its 2013 annual mill production of 84,835 precious metal gold equivalent ounces and announced its 2014 Outlook targeting a production range of 85,000 to 100,000 precious metal gold equivalent ounces (at a 63:1 silver-to-gold ratio). Gold Resource Corporation is a low-cost gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $95 million to shareholders in monthly dividends since declaring production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver.
Alamos Gold declared a semiannual dividend on Tuesday, April 1st, Stock Ratings News reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.10 per share on Wednesday, April 30th. This represents a yield of 2.18%. The ex-dividend date of this dividend is Friday, April 11th.
AuRico is reporting its seventh consecutive quarter of record production, representing a 10% increase over the prior quarter and a 17% increase over the first quarter of 2013. The solid quarter-over-quarter production growth was driven by increased production from both our cornerstone Young-Davidson mine and the El Chanate mine. Period-over-period production growth is expected to continue going forward, underpinned by the ongoing ramp-up in production at the Young-Davidson mine located in northern Ontario.
El Tigre Silver Corp., which holds the rights to nine mineral concessions in Mexico, said Tuesday it has appointed Lisa Dea as CFO, replacing Grant Smith, who has resigned.
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