A prefeasibility study into ASX-listed Azure Minerals Promontorio copper/gold/silver project, in Mexico, has demonstrated the technical and economic viability of the project.
IMPACT Silver Corp. is pleased to announce the financial and production results for the second quarter ended June 30, 2012. IMPACT currently operates four underground silver mines (Chivo, San Ramon, Noche Buena and Gallega) and is building two new mines within the 100%-owned, 623 square kilometer (241 square miles) land package in Mexico. The new mines being constructed are the high-grade, underground silver Oscar Mine (which will replace the Chivo Mine) and the open-pit, poly-metallic Capire Mine, both of which are on schedule and on budget. The commencement of production at the new mines will represent the next phase of growth for the Company with the aim to establish IMPACT as a multi-million ounce silver producer.
Catalyst Copper Corp. today announced that Mr. Gerald Prosalendis resigned from the Board of Directors effective August 17, 2012 and is pursuing a program of post graduate studies. Mr. Prosalendis has been a valuable contributor to the Board and his presence and sage advice will be missed. We wish him every success in his academic pursuits.
Cayden Resources (CVE:CYD) has increased the non-brokered financing it announced last week from $4.2 million to nearly $5.1 million due to increased demand, the miner said.
Gold Resource Corporation announced that it is extending to certain of its employees an opportunity to cancel the employee’s outstanding unexercised stock options and receive an equal number of replacement options to purchase the Company’s common stock at a lower exercise price and subject to a new three-year vesting period. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico. The Company has declared over $56 million to shareholders in monthly dividends since declaring commercial production July 1, 2010 and may be the only Company offering shareholders the option to convert their cash dividends into physical gold or silver.
Aurcana Corporation today is pleased to report its unaudited financial results for the second quarter ending June 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 August 17, 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.
Endeavour Silver Corp. is pleased to announce the appointment of Mr. Ken Pickering to the Board of Directors.
Guerrero Exploration Inc. announces that it has closed its previously announced financing by issuing a total of 9,117,000 Units at $0.05 each, for total gross proceeds of $455,850.
Cayden Resources Inc. is pleased to announce that it has increased the non-brokered financing announced on August 8th from $4,200,000 to $5,095,000 as a result of the increased demand. The non-brokered private placement is now complete, gross proceeds of CAD$5,095,000 were raised by issuing 5,095,000 units of the Company at a price of CAD$1.00 per Unit. Each Unit consists of one common share plus one half of one common share purchase warrant with each whole purchase warrant exercisable into a common share at a price of $1.50 for a period of 24 months from closing. The common shares and the common share purchase warrants are subject to a four month hold period expiring December 17, 2012.
Bold Ventures Inc. regrets to announce the passing of its well-known director Jerry Bulman at the age of 69.
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