Last week, Alamos chief executive John McCluskey warned that he would drop his bid for Aurizon if the British Columbia Securities Commission did not cease-trade the $27.2-million break fee that Alamos would have to pay Hecla.
Timmins Gold Corp. says its annual profit grew to US$36 million in 2012, including US$12 million in the fourth quarter.
Serengeti Resources Inc. announces the engagement of Bucher Money, Market & Analysis GmbH; the continued engagement of Paradox Public Relations; and the grant of incentive stock options to employees, officers, directors and consultants.
Cardero Resource Corp. announces that Michael Hunter has resigned as the Chief Executive Officer and President, and as a director, of the Company, effective March 19, 2013. The Company would like to thank Michael for his service and significant contribution to the Company. The Board of Directors has appointed Hendrik van Alphen as the new Chief Executive Officer and President of the Company.
Fortuna Silver Mines Inc. today announces 2012 revenue of $161 million and net income of $31.5 million for the year. For the fourth quarter revenue totaled $37.9 million with net income of $8.5 million. Record silver and gold production for the year increased to a record 3,987,757 ounces and 20,699 ounces, respectively, at a consolidated cash cost per ounce, net of by-product credits, of $5.96.
Timmins Gold Corp. is pleased to report its financial results for the year ended December 31, 2012. The comparative period is the nine months ended December 31, 2011 due to the change in year-end during December 2011. All results are presented in United States dollars unless otherwise stated. Readers should refer to the 2012 management discussion and analysis and consolidated financial statements for complete information.
Silver Bull Resources has unveiled its updated resource estimate for its Sierra Mojada project in Mexico, saying it “significantly increased” both the size and grade of the silver resource.
Gold Resource Corporation announced Tuesday record mill production last year, and stood by its outlook for 2013, despite some challenges it experienced in 2012 with the first year of underground mining at its Arista deposit – part of its El Aguila mine in Mexico.
Bearing Resources Ltd. announces that its Board of Directors, subject to shareholder and TSX.V approval, has approved the re-pricing of a total of 2,135,000 options to purchase common shares to an amended exercise price of $0.15 per Option. The closing price of the Company’s common shares on the TSX.V on Friday, March 15, 2013, prior to the approval of the Re-Pricing, was $0.07. A total of 1,935,000 of the Options had been issued on July 12, 2011 with an original exercise price of $0.72. A further 200,000 Options had been issued on December 15, 2011 at an original exercise price of $0.38.
Gold Resource Corporation today announced the appointment of KPMG LLP as its independent auditors for the year ending December 31, 2013, replacing StarkSchenkein, LLP. Gold Resource Corporation is a low-cost gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $75 million to shareholders in monthly dividends since declaring commercial production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
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