Category: Investor’s Corner

Timmins Gold Corp. is pleased to report its third quarter of 2012 financial results for the period ended September 30, 2012. For comparative purposes, Q3 2011 below refers to the three months ended September 30, 2011. All results are presented in United States dollars unless otherwise stated. Readers should refer to the Q3 2012 management discussion and analysis and condensed interim consolidated financial statements for complete information.

Fortuna Silver Mines, Inc. is pleased to announce that it has filed its financial statements and MD&A for the three and nine months ended September 30, 2012.

Paramount Resources (NYSEAMEX: PZG) was downgraded by research analysts at Canaccord Genuity from a “buy” rating to a “hold” rating in a report released on Wednesday.

Southridge Enterprises, Inc. (PINK:SRGE) has made a legendary run in recent months the likes of which Penny Stock Speculators dream about; from lows of $0.0002 (triple zero 2) to recent highs of well over a penny.

Analysts at RBC Capital lowered their price target on shares of Coeur D’alene Mines (NYSE: CDE) from $37.00 to $33.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “sector perform” rating on the stock.

Baja Mining Corp (BAJ.TO) is up 8% at midday to 13.5 cents, its highest level in three months, with more than 2.6 million shares changing hands.

Baja Mining Corp. announces that the lenders to its 49% owned company, Minera y Metalurgica del Boleo S.A. de C.V. have agreed to two further extensions to the standstill agreement of August 7, 2012 until November 20, 2012.

SilverCrest Mines Inc. is pleased to announce that it has paid out the remaining balance of the gold hedge facility established with Macquarie Bank Limited in June, 2009 as a condition of finalizing the Project Loan Facility for the construction of the Company’s Santa Elena Mine. The Company is now a completely unhedged silver and gold producer. The original hedge facility was comprised of 55,000 ounces of gold sold forward at US$926.50 per ounce and deliveries into the hedge facility were scheduled to continue into 2014. During 2010 and 2011 the Company made scheduled deliveries of 26,000 ounces of gold into the hedge facility from gold production from the Santa Elena mine leaving a balance of 29,000 ounces of gold which the Company has settled in cash for US$ 23,254,800. This reflects an effective settlement price of US$ 1,728 per ounce of gold inclusive of all transaction costs. The payout of the hedge facility was financed with partial proceeds from the Company’s recent CAD$34.5 million bought deal, prospectus financing which closed on October 30, 2012.

Pan American Silver Corp. today announced that the Company’s Board of Directors has approved the fourth quarterly dividend of 2012.

Capstone Mining Corp. today announced its financial results for the three and nine months ended September 30, 2012. Net earnings for the quarter were $12.8 million and cash flow from operating activities was $25.8 million. Capstone ended the quarter with cash on hand of $509.4 million and a $200 million credit facility. Copper production for the quarter at Capstone’s two operating mines, Cozamin and Minto, totalled 22.6 million pounds in concentrates at a total cash cost(1) of $1.50 per payable pound.