Category: Investor’s Corner

Bacanora Minerals Ltd. today reported that the Company is proposing a revised private placement financing for aggregate gross proceeds of up to $3,500,000 of units of the Company at a price of $0.30 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant, with each whole warrant being exercisable into one common share at a price of $0.45 for a period of five (5) years. Pursuant to press release dated February 21, 2013, the Company had previously proposed to that the warrants have an expiry period of four (4) years. This proposed financing will supersede and replace the prior announced financing.

Pacific Comox Resources Ltd. reports it is carrying out a C$ 375,000 non-brokered private placement of secured, non-convertible, promissory notes. The funds raised will be used to advance the Company’s test of its gold/silver heap leach at the Mabel project in northern Sonora State, Mexico, and general corporate purposes. The financing is subject to regulatory approval.

Pershimco Resources Inc. is pleased to announce the appointment of Mr. John Kapetas and Mr. Octavio Choy to the newly created positions of Vice-President Exploration and Vice-President Latin-America, respectively.

Galore Resources Inc. proposes to extend by a further six months, the expiry date of the following share purchase warrants:

Bacanora Minerals Ltd. is pleased to announce the terms of a proposed private placement financing for aggregate gross proceeds of up to $3,500,000 of units of the Corporation at a price of $0.30 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant, with each whole warrant being exercisable into one common share at a price of $0.45 for a period of four (4) years.

High Desert Gold Corporation is pleased to announce today the appointment of Mr. Joshua Kingsmill as a Director of the Company. Mr. Kingsmill brings an investment banking and wealth management background to the board of the Company. He was the lead investment banker who took the Company public in 2007 and has been involved in more than 100 corporate finance transactions in both Canada and London, England. Mr. Kingsmill provides both strategic and investment advice to private and institutional clients in his current role as an investment advisor with BMO Nesbitt Burns. He holds an MBA from the University of Toronto’s Rotman School of Management, a Master’s from the Sorbonne and an undergraduate degree from Quebec City’s Laval University.

Pan American Silver Corp. more than replaced the proven and probable silver and gold mineral reserves mined during the past year as a result of another very successful mine-site exploration campaign. As well, the mineral reserves increased further with the addition of the Dolores mine and the La Bolsa project, following the acquisition of Minefinders Ltd. Commenting on last year’s exploration results, Michael Steinmann, Executive Vice President Corporate Development and Geology said, “Mine-site exploration has always been an important value driver for Pan American, allowing for organic production growth. Since 2004, the Company has added 229.4 million ounces of silver to its mineral reserves solely through exploration activities, excluding acquisitions, and more than replaced the 196.3 million ounces of silver mined during the same period. This impressive track record has extended the mine life of our operations and continues to ensure our long-term profitability. The average cost of the new silver reserves added since 2004 from exploration was approximately $0.38 per ounce; without question an excellent return on our investment in exploration”.

Coeur d’Alene Mines Corporation reported strong operating cash flow1 of $338.7 million from metal sales of $895.5 million for the full year 2012. Production totaled 18.0 million silver ounces and a record 226,486 gold ounces. Coeur expects to generate robust operating cash flow from anticipated 2013 production of 18.0 – 19.5 million ounces of silver and a record 250,000 – 265,000 ounces of gold.

AuRico Gold Inc. is pleased to announce that as part of the Company’s long-term strategy to maximize shareholder value, the Board of Directors has approved the implementation of a new, two-tiered dividend policy:

Primero Mining Corp. today reported financial results for the fourth quarter and year ended December 31, 2012. The Company reported record revenues of $182.9 million in 2012 and strong net earnings of $49.6 million ($0.54 per share). The Company had a cash position of $139.2 million as of December 31, 2012 and generated record operating cash flows(1) of $88.8 million ($0.97 per share).