Pacific Comox Resources Ltd. reports that Cesar Lemas, the Companys Manager of operations in Mexico, and Vice-President of Development, has been appointed to the Board of Directors.
SilverCrest Mines Friday said it will raise $30 million through the sale of 11.8 million shares at $2.55 each to a syndicate of underwriters led by Dundee Securities and including Canaccord Genuity Corp.
Oremex Silver Inc. announced that on October 9, 2012 it closed the convertible debenture portion of the non-brokered private placement previously disclosed by the Company on September 7, 2012. The Debenture Private Placement raised gross proceeds of $727,500 through the issue of 72.75 units of the Company, each Debenture Unit consisting of $10,000 principal amount of convertible debentures of the Company and 100,000 common share purchase warrants (“Warrants”), at a purchase price of $10,000 per Debenture Unit. Each Warrant is exercisable into one common share of the Company at a price of $0.10 per Share, expiring in five years from the date of issue.
Kinross Gold Corp. said that Executive Vice-President and Chief Financial Officer, Paul Barry, would depart in order to pursue other interests. While the company is in search for a suitable replacement, Barry would stay in his role until a new chief financial officer is named and would assist the new CFO during an agreed transition period.
GREAT PANTHER SILVER LIMITED reports third quarter production results from its two wholly-owned Mexican silver mining operations, Guanajuato and Topia.
Paramount Gold and Silver Corp. announced today that the final NI-43-101-compliant updated resource report for its 100%-owned San Miguel Project in northern Mexico has been filed on www.SEDAR.com. The report can also be downloaded from Paramount’s web site. The results of the updated estimate were released on September 5, 2012.
First Majestic Silver Corp. is pleased to announce that total production at its four operating mines in Mexico for the third quarter ending September 30, 2012, reached 2,438,085 equivalent ounces of silver, representing a 36% increase compared to the same quarter in 2011. Total silver production for the quarter consisted of 2,205,237 ounces of silver, representing a 29% increase compared to the same quarter in 2011. In addition, 3,307,944 pounds of lead and 844,953 pounds of zinc were produced representing increases of 75% and 100%, respectively, compared to the same quarter in the previous year. Also, 1,537 ounces of gold was produced, representing an increase of 276% compared to the third quarter of 2011.
On Tuesday, the top TSX mover was Baja Mining Corp. (TSX: T.T.BAJ, Stock Forum). The stock rose 17.65% on volume of 3.7 million shares. There has been renewed interest in the company after Baja reported it had received additional funding on Oct. 5, allowing it to continue construction on the Boleo project. The copper-cobalt-zinc-manganese project, located in Mexico, was the topic of recent controversy after Baja reported an increased capital cost as high as US$1.7 billion for the project.
Silver Bull Resources, Inc. (SVB.TO) today announced the drill results for the 6th batch of drill holes from the underground drill program twinning a series of “long holes” in a high grade silver zone situated at the eastern end of the Shallow Silver Zone on the Sierra Mojada Project.
Aura Silver Resources Inc. is pleased to announce that Mr. Nick Tintor has been appointed the Independent Chairman of the Board of Directors of Aura Silver. Mr. Tintor is Managing Director of RG Mining Investments Inc., and President & Chief Executive Officer and a Director of Caracara Silver Inc. as well as Ferrum Americas Mining Inc. From January 2007 to March 2011, Nick acted as the President & CEO and a Director of Homeland Uranium Inc. as well as the President & CEO of Southern Andes Energy Inc. (now amalgamated with Macusani Yellowcake Inc.).
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