Category: Investor’s Corner

Payment of CDN$14.85 million Received in Court Litigation

First Majestic Silver Corp. is pleased to announce that further to its news release on April 26, 2013, the Company has received payment in the amount of CDN$14.85 million as partial payment of the judgment of US$93.84 million granted in favour of First Majestic against Hector Davila Santos and Minerales y Minas Mexicana, S.A. de C.V. Judgment was initially awarded in the amount of US$86.9 million but was subsequently increased to US$93.84 million to correct an error in the prior assessment. The monies received on June 28th were previously held in a trust account of Hector Davila’s Vancouver lawyers.

Yamana Gold to Cancel Listing in London on July 30

Yamana Gold Inc. (YRI.T), said Tuesday that it has requested the U.K Listing Authority to cancel the listing of the Company’s common shares of no par value on the U.K. Official List and to cancel the admission of the Common Shares to trading on the London Stock Exchange’s main market for listed securities.

Oroco Receives Demand for Payment

Oroco Resource Corp. announces that it has received a demand from Wexford Catalyst Trading Limited for payment of the outstanding principal, in the amount of $750,000, and the associated interest and fees with regard to the debenture issued on May 2, 2012 by the Company to Goldman Sachs International FBO Wexford Catalyst Trading Limited. The Company has also received a demand from Wexford Spectrum Trading Limited for payment of the outstanding principal, in the amount of $3,000,000, and the associated interest and fees with regard a debenture issued on May 2, 2012 by the Company with regard to the debenture issued on May 2, 2012 by the Company to Goldman Sachs International FBO Wexford Spectrum Trading Limited. The aggregate accrued interest to date outstanding on the Debentures is approximately $257,000.

Aurion Resources Ltd.: Corporate Update

Aurion Resources Ltd. reports that effective June 13, 2013, the Board of Directors of the Company adopted an advance notice policy for the purpose of providing shareholders, directors and management of the Company with a clear framework for nominating directors of the Company in connection with any annual or special meeting of shareholders.

World Gold Council’s Guidance Note on Non-GAAP Metrics – All-In Sustaining Costs and All-In Costs

The World Gold Council today publishes a Guidance Note on “all-in sustaining costs” and “all-in costs” metrics, which gold mining companies can use to report their costs as part of their overall reporting disclosure. The World Gold Council has worked closely with its member companies to develop these non-GAAP measures which are intended to provide further transparency into the costs associated with producing gold.

NWM Announces Issuance of Bonus Shares

NWM Mining Corporation announces that, further to its news release dated June 14, 2013, it has paid $75,000 USD and issued 28,533,000 common shares to the Company’s lender, Global Resource Fund, as the initial extension fee for extending the maturity date on the Company’s current debt facility of $18,500,000 USD. Following the issuance of the Bonus Shares, the Lender holds 60,033,008 common shares in the capital of NWM.

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