Category: Investor’s Corner

Agnico Eagle Mines Limited today reported a quarterly net loss of $24.4 million, or $0.14 per share for the second quarter of 2013. This result includes a non-cash foreign currency translation gain of $11.1 million ($0.06 per share), non-cash stock option expense of $4.3 million ($0.02 per share), non-cash impairment loss on available for sale securities and mark-to-market loss on warrants of $20.5 million ($0.12 per share) and other non-recurring expense of $6.1 million ($0.03 per share) mostly relating to the Kittila maintenance shutdown. Excluding these items would result in an adjusted net loss of $4.6 million, or $0.03 per share. In the second quarter of 2012, the Company reported net income of $43.3 million, or $0.25 per share.

Monarchy Resources, Inc. today announced that the company has provided guidance of its first portfolio company New World Metals S.A.P.I. de C.V.

Avino Silver & Gold Mines Ltd. is pleased to announce it has filed the Technical Report on the Avino Property, Durango Mexico on the SEDAR system. Findings from the report were initially disclosed in the Company’s news release dated June 10 2013. The report has an effective date of July 19th 2013 and includes resource estimates from the San Gonzalo and Avino mine systems as well as the tailings resource; all of which are located on Avino’s property near Durango in west-central Mexico. The technical report was prepared by Tetra Tech, an independent engineering consultant commissioned by Avino.

International Northair Mines Ltd. is pleased to announce that it has closed non-brokered private placements for gross proceeds of C$1,859,315. Proceeds raised from the Private Placements represent an increase of approximately $350,000 over the total amount previously declared by the Company in its press release dated July 10, 2013.

Freeport-McMoRan Copper & Gold Inc. (FCX)

Mercator Minerals Ltd announces the resignation of Colin Benner, for personal health reasons, from the board of directors effective July 23, 2013.

Corex Gold Corp. board of Directors has approved an advance notice policy effective July 22, 2013. The Company intends to seek ratification of the Advance Notice Policy by the shareholders of the Company at the Company’s next general meeting of shareholders to be held on August 27, 2013.

Coeur Mining, Inc. announced that it subscribed by way of an agreement with International Northair Mines Ltd. for the sale to Coeur of 9,600,000 common shares in the capital of Northair at a purchase price of C$0.14 per Common Share, for total consideration of C$1,344,000, as part of a private placement transaction of Northair issuing, in the aggregate, 13,153,896 Common Shares and warrants to purchase 1,776,947 Common Shares.

Defiance Silver Corp. announces that it has closed the first tranche of its private placement announced on July 11, 2013, and has issued an aggregate 2,150,000 Units at $0.10 per Unit for gross proceeds of $215,000. Each Unit is comprised of one common share and one-half of one transferable share purchase warrant, each whole Warrant entitling the holders to acquire one additional common share for a period of 24 months at an exercise price of $0.15 per share if exercised during the first year and thereafter at a price of $0.20 per share.

Animas Resources Ltd. announces that its letter of intent with Dore King Min SA de CV, a private Mexican gold mining company, expired on June 30, 2013 after the exclusivity period was over. The Letter of Intent required certain conditions to be met before June 30th, 2013 and those conditions were not met.