SilverCrest Mines Inc. is pleased to announce its financial results for the first quarter ended March 31, 2012 (all figures in U.S. dollars unless otherwise specified.)
Argonaut Gold Inc. is pleased to announce its financial and operating results for the first quarter ended March 31, 2012. All dollar amounts are expressed in United States dollars unless otherwise specified.
Brigus Gold Corp. announces results for the first quarter of 2012.
Starcore International Mines Ltd. announces that it has closed out the hedge contracts between its wholly-owned Mexican subsidiary, Compañia Minera Peña de Bernal, S.A. de C.V., and Investec Bank plc. Funds advanced to Starcore through the $11 million credit facility arranged with Sprott Resource Lending Corp. were used to settle Starcore’s outstanding forward sales contracts with Investec (see news release of May 10, 2012).
Timmins Gold Corp. is pleased to report its first quarter of 2012 financial results for the period ended March 31, 2012. For comparative purposes, Q1 2011 below refers to the three months ended March 31, 2011. All results are presented in United States dollar unless otherwise stated. Readers should refer to the Q1 2012 management discussion and analysis and consolidated financial statements for more complete information.
Elgin Mining Inc. released today financial results for the first quarter of 2012. The Company’s unaudited interim consolidated financial statements for the quarter ended March 31, 2012 and 2011 and notes thereto, along with its Management’s Discussion and Analysis are available at www.sedar.com and www.elginmining.com . Unless otherwise noted, all financial information is expressed in U.S. dollars.
PREMIER GOLD MINES LIMITED announces proposed changes to the Company’s Board of Directors, to be effective at the upcoming Annual General Meeting of Shareholders scheduled for 4:00pm, June 28, 2012, at the Toronto Board of Trade. Proposed additions to the Premier team include Mr. Ebe Scherkus as Director and Chairman and Mr. Claude Lemasson as Director. Premier’s current Chairman, Mr Richard J. (Ritch) Hall and Director John A. Pollock will not be standing for re-election.
Capstone Mining Corp. today announced that Korea Resources Corporation’s representative on Capstone’s board of directors has changed. Pursuant to formation of the strategic partnership for the development of the Santo Domingo project and Shareholders Agreement for the project between Capstone and KORES dated June 17, 2011, KORES is entitled to appoint one representative to Capstone’s board.
Mercator Minerals Ltd today announced its financial results for the three months ended March 31, 2012. Revenues in the first quarter 2012 were $65.2 million, an increase of 17% over the first quarter 2010, while gross profit was $17.9 million in the first quarter 2012, an increase of 12% over the comparable three months of 2011. Cash flow from operations (before changes in non-cash working capital items) was $7.1 million in first quarter 2012 as compared to $0.2 million in the same quarter of 2011 and net loss in the first quarter 2012 was $20.5 million ($0.08 per share, basic) or $1.5 million ($nil per share, basic) on an adjusted net income basis*.
Gold Resource Corporation today announced record results for its first quarter ending March 31, 2012, including an increase of 308% production of precious metal gold equivalent and an increase of 281% mine gross profit over the first quarter of 2011. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico.
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