Category: Investor’s Corner

We saw an almost unprecedented, certainly unexpected, and an impressively rapid decline in gold price last year. With the decline of almost 30% from the beginning to the end of the year, we reacted, with a cost containment strategy in the second quarter that was intended to reclaim some of that lost margin.

The stock of the British Columbia based silver and gold mining firm Great Panther Silver Ltd has been going through a purple patch at the markets ever since its management announced strong operational results and provided production updates on 14th February for their fourth quarter and full year operations which ended on December 2013. The results covered operations of the firms wholly owned mining properties in Mexico.

The $272 million market capped gold mining firm Brigus Gold Corp issued a joint communiqué on 18th February with Primero Mining Corp to the effect that two third party investment and share holder advisory service firms have endorsed their jointly tabled plan to work together going forward. The mining firms were able to secure the buy in of two of the most reputed proxy advisory firms Institutional Glass Lewis & Co and Institutional Shareholder Services Inc. who have studied the proposed joint operations plans and have in turn recommended to the share holders of the two mining firms to vote in favour of the plan when it comes up to vote in front of them during the scheduled share holders meeting on 27th February.

Shares must be tendered by February 28, 2014.
Brokers asking for notice several days before deadline.
Value of offer is now higher due to increase in GoGold share price.

YAMANA GOLD INC. today announced its financial and operating results for the fourth quarter and year end 2013.

Innophos Holdings, Inc., a leading international producer of performance-critical and nutritional specialty ingredients, with applications in food, beverage, dietary supplements, pharmaceutical, oral care and industrial end markets, today announced its financial results for the fourth quarter and full year 2013.

COEUR D’ALENE, Idaho–(BUSINESS WIRE)–Hecla Mining Company (NYSE:HL) today reported the results from another successful year of exploration, achieving record levels of silver and gold reserves and gold resources at its properties despite using reduced metals prices of $20/oz silver and $1300/oz gold. The gains in gold and silver reserves are net of the 8.9 million ounces of silver and 120 thousand ounces of gold produced in 2013.

Osisko Mining Corporation today reported net earnings of $9.8 million ($0.02 per share) for the third quarter of 2013 compared to $28.3 million ($0.07 per share) for the corresponding period of 2012. The Company generated cash flows from operating activities of $70.7 million during the third quarter of 2013 compared to $55.8 million in the third quarter of 2012.

Coeur Mining, Inc. announced contained ounces of proven and probable mineral reserves totaling approximately 255.4 million silver ounces and 2.2 million gold ounces, representing increases of 15.9% and 12.3%, respectively, compared to year-end 2012. These gains are net of the 17.0 million ounces of silver and 262,217 ounces of gold produced during 2013. In addition to these reserves, Coeur announced measured and indicated mineral resources totaling approximately 386.3 million silver ounces and 2.5 million gold ounces, up 26.6% and 1.4%, respectively, compared to year-end 2012.

Monarchy Resources is pleased to announce that it has appointed Mr. John Brownlie to the advisory board of the Company. Mr. Brownlie has over 28 years of experience managing, operating, and supervising mining projects, and has recently been instrumental in raising over $15,000,000 for Marlin Gold’s (TSX VENTURE:MLN) La Trinidad mine in Sinaloa, Mexico, which is commencing its first gold pour at this location. The Company is particularly excited about Mr. Brownlie’s extensive knowledge about the Mexican mining industry, his ability to finance mining projects, and his stellar management experience and track record.