Cerro Resources NL today announces that it has entered into a definitive agreement with Primero Mining Corp. aimed at progressing the planned Cerro del Gallo gold/silver heap leach mine in Mexico, under which:
Forecast Production of 85 Million Pounds of Copper in Concentrates (All amounts in US$ unless otherwise specified)
Yale Resources Ltd. is pleased to provide a summary of its activities in 2012 and give an overview of its plans for 2013.
Avino Silver and Gold Mines Ltd. is pleased to announce that its Mexican subsidiary COMPAÑIA MINERA MEXICANA DE AVINO, S.A. DE C.V. has entered into a master credit facility with CATERPILLAR CRÉDITO, S.A. DE C.V., SOFOM, ENR for up to US $5 million.
“To add the amount of ounces we’re adding there are simply not a lot of opportunities. It was almost a must-have for us to add this asset to our portfolio,” said Keith Neumeyer, president and CEO of First Majestic Silver. He was describing Orko Silver’s La Preciosa project in Mexico, one of the largest undeveloped silver deposits in the world and a project his company has been eyeing for more than two years.
Argonaut Gold Inc. has received inquiries regarding recent insider trading reports filed by members of senior management. The Company has been advised that certain members of management have engaged in trading their shares for personal tax planning purposes prior to the end of the calendar year. The Company also understands that no member of senior management has any present intention to materially change his overall equity interest in the Company.
Agnico-Eagle Mines Ltd., Canadas fifth-biggest gold producer, is outperforming global competitors including Barrick Gold Corp. after overcoming weather conditions at its Arctic mine that sent costs soaring.
Silver Standard Resources Inc. announced today that it has filed a technical report titled “NI 43-101 Technical Report on the Pitarrilla Project, Durango State, Mexico” in compliance with National Instrument 43-101 requirements and in support of the Company’s December 4, 2012 news release announcing the results of the Feasibility Study for its 100% owned Pitarrilla Project. The 2012 Pitarrilla Technical Report is available on SEDAR at www.sedar.com and on the Company’s website at www.silverstandard.com.
Southridge Enterprises Inc. is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, today announced a cash dividend of $0.0002 per common share, payable on December 28, 2012 to shareholders of record at the close of business December 21, 2012. The dividend represents a payout of approximately 8% of the recently reported fourth quarter net income.
The friendly deal gives First Majestic access to Orko’s large silver deposits in the state of Durango.
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