Category: Investor’s Corner

First Quantum Minerals Ltd. today announced comparative net earnings of $133.8 million or $0.23 per share for the three months ended December 31, 2013 and $539.4 million or $0.96 per share for the full year 2013. These results are inclusive of the recurring acquisition-related unfavorable adjustments of $22.6 million and $69.0 million, respectively for the three months and full year.

Pan American Silver Corp. posted a net loss of $293.1 million, or $1.94 per share during the fourth quarter of 2013, which included a non-cash impairment charge of $218.1 million (net of tax) on the carrying value of the Dolores mine, due to lower assumed long-term metal prices and increased taxes, and a non-cash deferred tax charge of $86.0 million, due to the recent tax changes in Mexico. Net cash flow from operating activities during the current quarter was $46.2 million or $0.30 per share, reflecting the excellent fourth quarter production results and continued cost control efforts. Cash and short term investments increased over the previous quarter to $422.7 million at December 31, 2013 even after the payment of our normal quarterly dividend of $18.9 million in early December, clearly exhibiting Pan American’s ability to continue to generate positive cash flows at current silver prices.

Pan American Silver Corp announced a quarterly dividend on Wednesday, February 19th, Analyst Ratings Newsreports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.125 per share on Monday, March 17th. This represents a $0.50 annualized dividend and a dividend yield of 3.21%.

Alamos Gold Inc. AGI today reported its financial results for the quarter and year endedDecember 31, 2013 and reviewed its operating, exploration and development activities.

Capstone Mining Corp. today announced its financial results for the year ended December 31, 2013. Capstone posted a net loss for 2013 of $9.4 million. Operating cash flow before changes in working capital was $85.5 million. Capstone ended the year with cash on hand of $104.0 million. Copper production for the year at Capstone’s three operating mines, Pinto Valley (82 days of ownership), Cozamin and Minto, totalled 113.8 million pounds of copper in concentrates and cathode (109.6 million pounds of payable copper) at a C1 cash cost(1) of $1.72 per payable pound of copper produced.

Executives

Sean Roosen – President and CEO

Andre Le Bel – VP, Legal

Pan American Silver Corp. more than replaced the proven and probable silver and gold mineral reserves mined during 2013 as a result of another very successful mine-site exploration campaign.

Source Exploration Corp. is pleased to announce that it has closed its non-brokered private placement previously announced on January 22, 2014, pursuant to which David Baker, the Executive Chairman of the Company, has subscribed for 1,100,000 units at a price of $0.075 per Unit for gross proceeds of $82,500.

SilverCrest Mines Inc. is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Dundee Securities Ltd., and including National Bank Financial Inc., Raymond James Ltd. and PI Financial Corp., to purchase 7,700,000 common shares of the Company at a price of $2.60 per Common Share for gross proceeds of $20,020,000 on a bought deal basis (the “Offering”).

Ternium S.A. today announced its results for the fourth quarter and full year period ended December 31, 2013.