Category: Investor’s Corner

Mercator Minerals Ltd today announced its financial results for the three months and nine months ended September 30, 2012. During the third quarter 2012, the Company generated revenues of $58.5 million and gross profit of $4.7 million, in spite of a buildup of 2.3 million pounds of copper in concentrate inventory at the port which was subsequently shipped in the first week of October, cash flow from operations (excluding changes in non-cash working capital items) of $2.1 million, and a net loss of $15.1 million ($0.06 per share, basic), or on an adjusted net earnings* basis, a loss of $3.7 million ($0.01 per share, basic).

Southridge Minerals, Inc. announced today that its board of directors has authorized the evaluation of strategic alternatives for its Cinco Minas property located in Jalisco Mexico, including the exploration of a joint venture, complete sale or other transaction

Canasil Resources Inc. provides an update on the Company’s corporate strategy and project status. Canasil’s objective is to acquire and advance exploration projects, with the potential for hosting world class silver, gold, copper, zinc and lead mineralized systems, through to discovery to create significant shareholder value. The Company’s projects are strategically located in highly prospective and politically stable jurisdictions, and have been selected for ease of access and excellent infrastructure close to major operating mines and recent mineral discoveries. The Company places particular emphasis on maintaining a tight share structure with low dilution. This provides a platform for creating significant shareholder value.

Securities Laws

An investigation for investors in Coeur d’Alene Mines Corporation (NYSE:CDE) shares over potential securities laws violations by Coeur d’Alene Mines Corporation was announced and NYSE:CDE stockholders should contact the Shareholders Foundation at [email protected]

Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to announce financial results for the third quarter of 2012 and provide an updated outlook on fourth quarter production.

Argonaut Gold Inc. is pleased to announce its financial and operating results for the third quarter ended September 30, 2012. All dollar amounts are expressed in United States dollars unless otherwise specified.

First Majestic Silver Corp. is pleased to announce the unaudited condensed interim consolidated financial results for the Company for the third quarter ending September 30, 2012. The full version of the financial statements and the management discussion and analysis can be viewed on the Company’s web site at www.firstmajestic.com or on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

Goldgroup Mining Inc. announced today that Chester F. Millar has been appointed Chairman of the Company, replacing Gregg J. Sedun as Executive Chairman. Further to the Company’s news release dated October 12, 2012 announcing Mr. Sedun as Interim Chief Executive Officer and President, the Board of Directors has now appointed the Company’s Lead Director, Dr. Hans von Michaelis, to fill the role of CEO and President. Dr. von Michaelis will continue to serve on the Board of Directors. Mr. Sedun is a major shareholder of the Company and will continue to serve on the Company’s Board of Directors.

San Marco Resources Inc. announces that it has completed its non-brokered unit private placement announced October 15, 2012 by selling 7,397,400 units at $0.13 per unit for gross proceeds of $961,662.

MAG Silver Corp. announces the Company’s unaudited financial results for the three and nine months ended September 30, 2012. For complete details of the third quarter unaudited Condensed Interim Consolidated Financial Statements and related Management’s Discussion and Analysis, please see the Company’s filings on SEDAR (www.sedar.com) or on EDGAR (www.sec.gov). All amounts herein are reported in United States dollars unless otherwise specified.