Category: Investor’s Corner

Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to report financial results for the third quarter of 2013.

Favourable momentum continued to send Rare Earth Minerals (REM) higher on Tuesday after its joint venture (JV) partner in Mexico announced high recoveries of lithium carbonate, although predictions of a takeover proved a damp squib.

Timmins Gold Corp. is pleased to announce an updated Reserve and Resource Estimate for the San Francisco Gold Mine in the state of Sonora, Mexico, that was previously updated as of July 1, 2011. The San Francisco Gold Mine is comprised of the San Francisco deposit and the La Chicharra deposit. The update incorporates approximately 220,000 meters of drilling over 2012 and 2013, and is effective as of July 1, 2013.

American Consolidated Minerals Corp. announces that it has settled on terms to undertake a private placement with Global Resources Investments Ltd. an arm’s length party to the Company. American Consolidated is seeking to raise $240,000 through the sale of 2,400,000 common shares at $0.10 per share.

Fortuna Silver Mines Inc. today reported revenue of $30.2 million, cash generated from operations, before changes in working capital of $7.6 million and a net loss of $0.3 million in the third quarter of 2013. Income before income tax was $2.2 million.

Shares of Bacanora Minerals nearly doubled in value on Monday after the company announced high lithium recoveries from preliminary metallurgical testing on samples from its La Ventana lithium deposit in Mexico.

Goldcorp Inc. is pleased to declare its eleventh monthly dividend payment for 2013 of $0.05 per share. Shareholders of record at the close of business on Thursday, November 14, 2013 will be entitled to receive payment of this dividend on Friday, November 22, 2013.

Rare Earth Minierals PLC Monday said Bacanora Mineral Limited, its joint venture partner in the Fleur-El Sauz Lithium Project in northern Mexico, has requested a trading halt of its shares on the Canadian Exchange.

Throughout the past year, there has been speculation that hundreds of cash-strapped junior mining companies on the TSX Venture Exchange will run out of money and simply disappear.

The third quarter began with gold production at the production facilities exceeding expectations for Mexus. President Paul Thompson said “This production level should continue, and with the introduction of fresh ore from the San Felix mine, production is forecast to continue to increase”. Recently, Mexus has been approached by several parties inquiring as to the future plans of the Company regarding the San Felix mine and the related production facilities. While these discussions are very preliminary in nature and may or may not result in any changes to the existing structure of the operation or ownership of the mine, Mexus will continue to keep all options open for consideration.