Category: Investor’s Corner

United States Antimony Corporation announced its antimony production target for 2013 is as follows:

Cream Minerals Ltd. is pleased to announce that the Company’s Audited Consolidated Financial Statements for the year ended March 31, 2012 were received and considered at its Annual General Meeting held on December 13, 2012.

AuRico Gold Inc. announces that following its receipt of gross proceeds of $750 million relating to the recent sale of the Ocampo mine, the Board of Directors has authorized the making of a substantial issuer bid, pursuant to which the Company will offer to purchase for cancellation up to 36,144,578 of its outstanding common shares for an aggregate purchase price not exceeding $300 million. AuRico anticipates that the Offer will commence on or about December 18, 2012 and be completed in late January 2013, unless extended or withdrawn. The Company intends to fund purchases of Shares pursuant to the Offer from the Ocampo proceeds and has used $128 million of the proceeds to retire its existing debt facility.

Quaterra Resources Inc. today announced that it is seeking TSX Venture Exchange and NYSE MKT approval for a non-brokered private placement offering of up to US $2,275,000 gross proceeds.

McEwen Mining Inc. is pleased to announce that it has strengthened its operations team with the recent hiring of Fernando Aguilar, as Operations Manager (Mexico), Luke Willis, as Director Resource Modeling and Nigel Fung, as Director Mine Planning.

Levon’s management has been working hard to meet the challenges which face our industry, while continuing to ensure that the Company remains in a strong financial position. We have continued to work on de-risking the Cordero project to position it for success going forward. As with all large projects there are challenges along the way, but Levon is meeting them and advancing Cordero.

Starcore International Mines Ltd. has filed the results for the first quarter ended October 31, 2012 for the Company and its mining operations. The full version of the Company’s Financial Statements and Management’s Discussion and Analysis can be viewed on the Company’s website at www.starcore.com, or SEDAR at www.sedar.com. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in thousands of Canadian dollars unless otherwise indicated.

Oroco Resource Corp. today announces that it has closed the first tranche of a non-brokered private placement financing previously announced by news release dated November 19, 2012. The Company has raised gross proceeds of $654,250 in this first tranche closing through the sale of a total of 3,271,250 units at a price of $0.20 per unit. Each unit consists of one common share and one half of one common share purchase warrant. Each whole share purchase warrant will be exercisable into one additional common share for a period of 18 months at a price of $0.35 per share. The securities issued in connection with this private placement will be subject to a four-month hold period in accordance with applicable Canadian Securities Laws. Finder’s fees of $31,775 have been paid in connection with the closing of the first tranche.

AuRico Gold Inc. announces the appointment of Robert J. Chausse as Executive Vice President and Chief Financial Officer effective January 21, 2013.

Vista Gold Corp. announced today that it has filed a preliminary prospectus supplement pursuant to its base shelf prospectus dated April 19, 2012 with the securities regulatory authorities in each of the provinces and territories of Canada, other than Quebec, and with the U.S. Securities and Exchange Commission pursuant to its effective registration statement on Form S-3, pursuant to which the Company proposes to complete an offering of units upon terms to be determined in the context of the market. Each unit will be comprised of one common share of the Company and one-half of one common share purchase warrant, with each whole warrant exercisable to purchase one common share of the Company’s stock at an exercise price to be determined in the context of the market for a period of 24 months from the closing of this offering. The Company will not apply for the listing of the warrants on any stock exchange.