Category: Investor’s Corner

Canarc Resource Corp. announces that it has closed the first tranche of its previously announced non-brokered private placement equity financing.

Scorpio Mining Corporation today reported its financial and operating results for the fourth quarter and year ended December 31, 2013. This press release should be read in conjunction with the Company’s audited Financial Statements and Management’s Discussion and Analysis for the year ended December 31, 2013, as available on the Company’s website at www.scorpiomining.com and on SEDAR at www.sedar.com. All monetary figures are expressed in Canadian dollars unless otherwise specified.

Primero Mining Corp. is pleased to announce that the Company will be included in the NYSE Arca Gold Miners Index (GDM), the preeminent index covering the gold mining industry and the S&P/TSX Equal Weight Global Gold Index, a subset of the S&P/TSX Global Gold Index.

American Consolidated Minerals Corporation announces the appointment of Bryson Goodwin as President of the Company, replacing Gary Arca who has been serving as Interim President since December, 2013.

Torex Gold Resources Inc. announced today that Andrew Gottwald, CFO of the Company since its inception four years ago, will be leaving Torex to pursue other interests. The Company has appointed Jeff Swinoga as its new Chief Financial Officer, effective April 7th, 2014.

Tamino Minerals, Inc. is pleased to announce to its shareholders and followers that it has a signed Funding Term Sheet with an Institutional Investor for $2,000,000 USD to fund its exploration activities and operations.

AuRico Gold Inc. today announces the pricing of its private offering of $315 million aggregate principal amount of Senior Secured Second Lien Notes due 2020. The Notes were issued with a coupon of 7.75% and sold at 96.524% of par, and are expected to result in net proceeds to the Company of approximately $297 million, after deducting the initial purchasers’ discounts and estimated offering expenses payable by the Company. The offering is expected to close on or about March 27, 2014. AuRico intends to use the net proceeds of the Notes to repurchase its Convertible Notes due 2016 that are tendered to AuRico’s offer announced March 6, 2014 to purchase any and all of its Convertible Notes, to fund principal and interest payments on any Convertible Notes that remain outstanding following the offer to purchase, to repay amounts outstanding under its existing senior secured credit facility and for general corporate purposes, which may include funding capital expenditures to support organic growth.

Santacruz Silver Mining Ltd. is pleased to announce that Canaccord Genuity Corp. and Raymond James Ltd., the underwriters of the Company’s recently closed common share offering have provided notice of exercise of their over-allotment option to purchase an additional 1,312,500 common shares of the Company at a price of $1.00 per share for total gross proceeds of $1,312,500. The closing of the exercise of the over-allotment option is scheduled to take place on Thursday, March 20, 2014.

Fortuna Silver Mines Inc. today reported revenue of $137.4 million, cash generated from operations, before changes in working capital, of $40.9 million, a net loss of $19.1 million in 2013, and adjusted net income of $9.4 million. The net loss includes a one-time non-cash tax provision of $7.7 million related to the initial recognition of the Mexican mining tax reform, and a non-cash impairment charge of $20.4 million, net of tax, related to the impact of declining silver prices on the carrying value of the Caylloma mine in Peru.

NWM Mining Corporation is pleased to announce today that subsequent to its news release dated November 7, 2013, it has filed an updated National Instrument 43-101 Technical Report on SEDAR (www.sedar.com) for its Lluvia de Oro Project in Sonora, Mexico.