Capstone Mining Corp. today announced its operating results for the three and six months ended June 30, 2012 for its two operating mines, Cozamin and Minto. Combined production totalled 21.9 and 40.5 million pounds of copper in concentrates in the second quarter and first six months, respectively, with additional by-products of lead, zinc, silver and gold.
Endeavour Silver Corp. announces that the Company’s silver and gold production from the Company’s two operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State, continued to climb in the Second Quarter, 2012.
Bowmore Exploration Ltd. is pleased to announce that it has negotiated, subject to regulatory approval, a non-brokered private placement for total gross proceeds of up to $1,400,000. The Private Placement will consist of up to 5.6 million common shares at a price of $0.25 per common share.
Silver Standard Resources Inc. announced today that it has signed two additional long term silver concentrate sales contracts, completing its sales strategy. The new contracts total approximately 500 tonnes of silver concentrate per month and position the company to begin drawing down excess silver concentrate inventory. During the second half of 2012, the Company will sell silver concentrate into four long term contracts and will continue with spot sales. Shipments under the new contracts are scheduled to begin in July.
Canadian gold mining giant Goldcorp Inc. ( GG ) late Tuesday lowered its full-year production forecast, sending its shares sliding in aftermarket trading.
Premier Gold Mines Limited is pleased to announce the closing of a private placement by its wholly-owned subsidiary, Premier Royalty Corporation of an aggregate $11,500,000.00 principal amount of convertible debentures of Premier Royalty, which accrue interest at a rate of 8% per annum. The Convertible Debentures mature on May 31, 2013 unless, among other things, they are automatically converted as a result of the occurrence of a going public transaction by Premier Royalty, including the closing of the previously announced business combination transaction involving Premier Royalty and Bridgeport Ventures Inc. Upon completion of the Bridgeport Transaction the principal amount outstanding under the Convertible Debentures together with all accrued interest thereon will be converted into units of Bridgeport at a conversion price of $0.35 per unit (on a pre-consolidated basis), with each unit consisting of one common share of Bridgeport and 0.375 of a Bridgeport warrant (on a pre-consolidated basis). Each whole warrant will be exercisable at a price of $0.50 (each on a pre-consolidated basis) for a period commencing on the date that is six months following the completion of the Bridgeport Transaction and ending on the date that is four years following completion of the Bridgeport Transaction, subject to early expiry upon the occurrence of certain events.
Mercator Minerals Ltd. is pleased to announce production for the three months ended June 30, 2012 from its wholly-owned Mineral Park Mine was 21.4 million pounds of copper equivalent*, which consisted of 9.5 million pounds of copper in concentrates and cathode copper, 2.6 million pounds of molybdenum and 155,000 ounces of silver.
Oremex Silver Inc. announced today that its Board of Directors has determined to defer, until further notice, the payment of the dividend-in-kind of 14,000,000 common shares it holds in the capital of Oremex Gold Inc. previously announced on April 2, 2012.
Silver Sun Resource Corp. announces the commencement of a non-brokered private placement offering of up to 10,000,000 units at a price of $0.12 per unit for gross proceeds of up to $1,200,000. Under the terms of the Offering each unit will consist of one common share in the capital of the Company and one non-transferable common share purchase warrant. Each Warrant shall entitle the holder to purchase one additional common share of the Company for a period of two years from the date of issue, at a price of $0.17 per Warrant Share during the first year, at a price of $0.25 per Warrant Share during the second year.
Vista Gold Corp. today announced the appointment of Seth L. Foreman as Vista’s Vice President Corporate Development. Mr. Foreman will report to Vista’s Chief Financial Officer, Jack Engele, and will focus on corporate strategic planning, evaluation of new business opportunities, and the Company’s efforts to secure project financing for the Mt. Todd gold project in Australia. Given Mr. Foreman’s strong background in investor relations for both junior and major mining companies, he will also play an important role in Vista’s efforts to identify and attract new investors and analysts. Prior to his appointment, Mr. Foreman served as Director of Investor Relations and Business Development for General Moly Inc. Previously, Mr. Foreman worked for Newmont Mining Corporation where he held the positions of Manager of Investor Relations and Manager of Strategic Communications and Public Affairs. Mr. Foreman holds an MBA in Finance from the University of Denver and a Bachelor of Arts in Economics from Bucknell University.
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