AuRico Gold Inc. today announced the preliminary results of its “modified Dutch auction” substantial issuer bid to purchase for cancellation up to $300,000,000 of its outstanding common shares.
Freeport-McMoRan Copper & Gold Inc. reported fourth-quarter 2012 net income attributable to common stock of $743 million, $0.78 per share, compared with $640 million, $0.67 per share, for fourth-quarter 2011.
Iron ore miner London Mining Plc said full-year production beat its expectations, helped by increased productivity in the fourth quarter, and added that it was on track to expand capacity at its Sierra Leone mine.
Silver Sun Resource Corp. is pleased to announce that it has added Sung Ha (John) Kim to the Company’s advisory board. Mr. Kim will act as a communications liaison between the Company and the South Korean market.
Southridge Enterprises Inc. is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, has issued a corporate update for shareholders of the Company to address questions arising from a recently announced joint partnership with respect to Cinco Minas. Southridge would like to inform shareholders that the joint partnership is no longer valid, and the Company is pursuing other joint partnership opportunities at this time. Although there have been a number of questions that have arisen from the events that followed our joint partnership announcement, the Company maintains that it has signed agreements and communications to verify all of its claims. The Company is currently working with its legal representation and has no further comment at this time.
Newmont Mining Corporation announced preliminary attributable gold and copper production and costs applicable to sales within the Company’s 2012 outlook.
Aurizon Mines Ltd. unanimously recommended that shareholders reject the hostile take-over bid received from Alamos Gold Inc.
Primero Mining Corp. today announced production and estimated cash costs for 2012 and provided production and cash cost guidance for 2013 with a three year outlook.
Guerrero Exploration Inc. announces that Mr. David Stadnyk has resigned, effective today.
Santacruz Silver Mining Ltd. is pleased to announce that, in connection with its previously announced short form offering led by Canaccord Genuity Corp. and including Raymond James Ltd. and Cormark Securities Inc., it has increased the Underwritten Offering from C$30,062,500 to C$35,150,000. The Company has granted the Underwriters an option to purchase up to an additional 15% of the Offering, exercisable for a period of up to 30 days after the closing date. If the Over-Allotment Option is fully exercised, the total gross proceeds from the Offering will be C$40,422,500.
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