Category: Investor’s Corner

Yamana Gold Inc.’s (AUY, YRI.T) third-quarter earnings sank 48% as the mining company saw costs and expenses rise.

Oremex Gold Inc. today announced that it intends to complete a non-brokered private placement of up to 15,000,000 units of the Company, each Unit consisting of one common share and one common share purchase warrant of the Company, at a purchase price of $0.05 per Unit for aggregate gross proceeds of up to $750,000. All Warrants will be exercisable into Shares at a price of $0.10 per Share, expiring in five (5) years from the date of issue.

YAMANA GOLD INC. today announced its financial and operating results for the third quarter 2012.

NWM Mining Corporation is pleased to announce that the current US$18,000,000 debt facility, which includes a US$2,000,000 convertible debenture, has been extended to June 14, 2013 has now been closed. The US$2,000,000 debentures conversion right has also been extended from September 24, 2012 to June 14, 2013. The Company may repay this debenture at any time prior to maturity at 110% of the principal amount with 10% payable in common shares at not less than $0.06 per share. The remaining US$16,000,000 is repayable on or before the maturity date at the principal amount. Additionally US$500,000 of interest payable in September and October 2012 will be capitalized in the form of a convertible debenture with a strike price of $0.06 due October 26, 2013. This convertible debenture also bears interest at a rate of 15% and is repayable on the maturity date at the principal amount. The Company may repay this debenture at any time prior to maturity at 125% of the principal amount payable in cash. The convertible debenture has been approved by the Company’s board of directors. None of the directors have a direct interest in the convertible debenture. A cash payment of $150,000 is payable and 10,500,000 common shares of NWM were issued on closing. The 10,500,000 common shares issued are subject to a hold period of four months and one day from closing ending on February 27, 2013.

An investor in shares of Gold Resource Corporation filed a lawsuit in the U.S. District Court for the District of Colorado against Gold Resource Corporation over alleged securities laws violations in connection certain allegedly false and misleading financial statements.

Timmins Gold Corp. announces that its third quarter financial statements will be released prior to market open on November 8, 2012, followed by a conference call to discuss the results at 9:30 am (EST).

Millions of years ago, tectonic events created significant gold and silver mineralization in the Guerrero Gold Belt in Mexico. Today, two gold companies have reported 16 Moz of gold there, and other discoveries are sure to follow. In this exclusive Gold Report interview, Merrill McHenry, an independent analyst and geologist, explains the region’s geology and its hot prospects

Orex Minerals Inc. reports that its investor relations agreement with Jada Jennings, Senior Communications & Investor Relations Consultant, dated May 1, 2012 has been cancelled today, pursuant to the terms of the agreement.

Mexican mining company Industrias Penoles on Friday reported a 58.4 percent drop in third-quarter profit due to a fall in metal prices and a rise in costs for investment in expansion and exploration.

Carlos Slim has often been described as having a Midas touch but his very own gold mining company, Minera Frisco, didn’t make much money in the third quarter from producing the yellow metal.