Category: Investor’s Corner

Arian Silver Appoints Joint Broker

Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, is pleased to announce the appointment, with immediate effect, of Hawkwood Capital LLP as joint broker

Baja Mining Appoints Interim CFO

Baja Mining Corp. announces that the board has appointed Mr. Tom Ogryzlo, Baja’s Interim CEO & Chairman, as Interim Chief Financial Officer.

Galore Makes Change to Management

Galore Resources Inc. is pleased to announce the appointment of Mr. Uwe Schmidt, P. Geo. as President of the Company. Mr. Schmidt was originally Galore’s VP of Exploration from 2006, shortly before Galore began trading on the TSX-V, initially focusing on the development of the Company’s Taseko Property and then on to expanding exploration into Mexico until July 2011. His exploration experience since graduation from U.B.C. in 1971, with a B.Sc. degree in Geology, has included base and precious metals and industrial minerals in Canada, Mexico and Peru. Mr. Schmidt is a professional geologist registered with the Association of Professional Engineers and Geoscientists of B.C.

Aurcana Reports Third Quarter Financial Results

Aurcana Corporation today is pleased to report its unaudited financial results for the third quarter ending September 30, 2012. The summary of the selected financial information should be read in conjunction with the unaudited financial statements and the related management’s discussion and analysis dated November 09, 2012 together referred to as the “Financial Statements”, which have been filed on SEDAR (www.sedar.com) and the Company’s website (http://www.aurcana.com). All figures are in US dollars unless otherwise noted.

Is The Recent Destruction Of Golden Minerals’ Share Price Justified?

Looking at the Golden Minerals (AUMN) chart since September 13, you would think that their mine had caved in or someone had stolen all the cash they had in the bank. What has actually happened, however, is they raised $37M by issuing 19% more shares at $5.75, with investors buying those shares hand-over-fist, in a single day, as a great bargain. In my previous article I explained why the issuance of extra shares at $5.75 does not imply that the fair value of the stock has to drop to $5.75. In fact, such an issuance might actually increase the fair value of the stock, if it increases the expected future cashflow for the company (which it did in the case of AUMN, as the newly raised cash will allow them to perform the production expansion to 850 tpd throughput and beyond in 2013).

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