Baja Mining Corp. announces that the lenders to its 49% owned company, Minera y Metalurgica del Boleo S.A. de C.V. have agreed to two further extensions to the standstill agreement of August 7, 2012 until November 20, 2012.
SilverCrest Mines Inc. is pleased to announce that it has paid out the remaining balance of the gold hedge facility established with Macquarie Bank Limited in June, 2009 as a condition of finalizing the Project Loan Facility for the construction of the Company’s Santa Elena Mine. The Company is now a completely unhedged silver and gold producer. The original hedge facility was comprised of 55,000 ounces of gold sold forward at US$926.50 per ounce and deliveries into the hedge facility were scheduled to continue into 2014. During 2010 and 2011 the Company made scheduled deliveries of 26,000 ounces of gold into the hedge facility from gold production from the Santa Elena mine leaving a balance of 29,000 ounces of gold which the Company has settled in cash for US$ 23,254,800. This reflects an effective settlement price of US$ 1,728 per ounce of gold inclusive of all transaction costs. The payout of the hedge facility was financed with partial proceeds from the Company’s recent CAD$34.5 million bought deal, prospectus financing which closed on October 30, 2012.
Pan American Silver Corp. today announced that the Company’s Board of Directors has approved the fourth quarterly dividend of 2012.
Capstone Mining Corp. today announced its financial results for the three and nine months ended September 30, 2012. Net earnings for the quarter were $12.8 million and cash flow from operating activities was $25.8 million. Capstone ended the quarter with cash on hand of $509.4 million and a $200 million credit facility. Copper production for the quarter at Capstone’s two operating mines, Cozamin and Minto, totalled 22.6 million pounds in concentrates at a total cash cost(1) of $1.50 per payable pound.
United States Antimony Corporation reports a loss of $175,125 on revenues of $2,655,123 for the quarter ended September 30, 2012. John Lawrence, Chief Executive Officer commented, Due to the expenses and capital expenditures for mining, milling, and smelter equipment and new general and administrative expense incurred in the quarter, the Company is now entering a sustained period of production growth and revenue from its facilities in the United States and in Mexico.
Coeur d’Alene Mines Corporation (CDE) Q3 2012 Earnings Call November 6, 2012 2:00 PM ET
US-based silver producer Coeur dAlene Mines had posted lower profit during the third quarter owing to rising production costs, which were mainly the result of production issues at the companys Palmajero mine, in Mexico.
Silver Bull Resources (TSE:SVB) is not only on the verge of defining a high grade silver zone at its Sierra Mojada property in Mexico on top of the already defined low grade silver resource – but it is also on the cusp of bringing a high grade zinc resource into its story.
WESTRIDGE RESOURCES INC. is pleased to announce the appointment of Gregory L. Myers, PhD, as director of the Company effective November 6, 2012.
Endeavour Silver Corp. announced today its financial and operating results and unaudited consolidated interim financial statements for the Third Quarter, 2012. Endeavour owns and operates three high-grade, underground, silver-gold mines in Mexico: the Guanacevi Mine in Durango State, the Bolanitos Mine in Guanajuato State and the recently acquired El Cubo Mine, also located in the Guanajuato mining district only 15 kilometers from the Bolanitos Mine.
Mexico Mining Center © 2021 / All Rights Reserved
