Category: Investor’s Corner

Primero Mining Corp. today reported financial results for the second quarter ended June 30, 2012. The Company reported net earnings of $15.0 million ($0.17 per share) with adjusted net earnings(1) of $15.4 million ($0.17 per share) and record operating cash flows(2) of $35.8 million ($0.41 per share). The Company also announced that it has increased 2012 annual production guidance by 10% to between 110,000 and 120,000 gold equivalent ounces.

Geologix Explorations Inc. is pleased to announce that its $2,000,000 unit private placement announced June 28, 2012 was oversubscribed and a total of $2,502,000 was raised.

Arco Resources Corp. announces that it has extended the expiry date of its unexercised share purchase warrants, issued August 3, 2010 to February 3, 2013. The extension, which is subject to the approval of the TSX Venture Exchange, applies to the 5,500,000 Warrants still outstanding, which have an exercise price of $0.10 each.

Elgin Mining Inc. is pleased to announce the appointment of Mr. James A. (Jim) Currie as Chief Operating Officer, effective August 1, 2012.

Baja Mining Corp. reports that Stephen Lehner and Ken Murphy have resigned from Baja’s board.

Kimber Resources Inc. today announced two new appointments to its management team: David (Dave) Hembree as Vice President, Exploration and James (Jim) McKay as Vice President, Project Development for the Monterde Project, as well as the resignation of Mr. Currie as COO.

Mexican precious metals producer Fresnillo PLC (FRES.LN) expects mining cost inflation at 7%-8% this year due to higher costs for imported goods such as explosives and higher local costs such as labor and diesel, the company’s chief executive said Tuesday.

Southern Copper Corporation announced today a quarterly dividend of 24 cents per share of common stock, payable on Aug 28, 2012, to shareholders of record at the close of business on Aug 15, 2012.

Riverside Resources Inc. announces that it has acquired ownership of and control over 1,550,388 common shares of Sierra Madre Developments Inc. representing approximately 2.18% of the issued and outstanding common shares of Sierra Madre. As a result, Riverside now has ownership and control over 8,409,656 common shares of Sierra Madre, representing approximately 11.8% of Sierra Madre’s issued and outstanding shares.

Fortuna Silver Mines Inc. is pleased to announce the appointment of Mr. Robert Brown as Vice President of Corporate Development effective August 1st, 2012.