U.S. Antimony Reports Record Sales and Pre-Tax Income
United States Antimony Corporation reported record sales of $13,118,090 for 2011 up 45% over $9,073,324 of 2010. Pre-tax income for 2011 was $742,530 up 138% from $312,213 recorded in 2010.
United States Antimony Corporation reported record sales of $13,118,090 for 2011 up 45% over $9,073,324 of 2010. Pre-tax income for 2011 was $742,530 up 138% from $312,213 recorded in 2010.
Record Gross Sales Revenue of $352.5 million, Net Earnings of $60.4 million ($0.20 per share), Cash Flow from Operating Activities of $86.4 million (All amounts in US$ unless otherwise specified)
NSGold Corporation, the Vancouver company developing the Mooseland gold property in Nova Scotia, has spun off its second company, NSX Silver Inc., and commenced trading for the new venture Wednesday on the TSX Venture Exchange.
Industrias Penoles SAB (PE&OLES*), the worlds largest producer of refined silver, will spend about the same on capital expenses this year as it did in 2011 as it seeks to boost production and reduce energy costs.
Golden Minerals Company is pleased to announce the appointment of Jan Dahlgren as Construction Manager for its wholly-owned subsidiary, Minera William, at the Velardena Project in northeastern Durango State, Mexico. Mr. Dahlgren brings worldwide experience to the Golden team, having worked during his career for Bechtel, Aker Solutions, Hatch, SNC Lavelin and others. He has held senior construction positions with dozens of large projects including Toromocho, Pierina, Tintaya, Antamina and Yanacocha in Peru as well as Pelambres, El Abra and La Candelaria in Chile. Mr. Dahlgren will report to David Drips, Project Director for Mexico, as the team aggressively expands the Velardena silver and gold operations.
Toronto, Ontario (March 14, 2012) Argonaut Gold Inc. (TSX: AR) (Argonaut Gold, Argonaut or the Company) is pleased to announce that Standard & Poors Index Operations will be adding Argonaut Gold to the S&P/TSX Composite Index effective as at the open on Monday, March 19, 2012.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – March 14, 2012) – Pan American Silver Corp. (TSX:PAA)(NASDAQ:PAAS) and Minefinders Corporation Ltd. (TSX:MFL)(NYSE Amex:MFN) are pleased to announce that Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis & Co., LLC (“Glass Lewis”) have recommended that shareholders vote FOR the Plan of Arrangement (the “Arrangement”) pursuant to which Pan American will acquire all of the issued and outstanding common shares of Minefinders. The Arrangement will be considered at Pan American’s and Minefinders’ respective special shareholder meetings to be held on Monday, March 26, 2012.
VANCOUVER, BRITISH COLUMBIA, Mar 13, 2012 (MARKETWIRE via COMTEX) — Citation Resources Inc. is pleased to announce the appointment of Dr. Paul J. Bartos to the Citation Board of Directors. Dr. Bartos, currently Vice President and Chief Geologist of Esperanza Resources Corp., was responsible for securing the Biricu concessions for Esperanza and is a noted authority on epithermal deposits.
GREAT PANTHER SILVER LIMITED announces the financial results for the year ended December 31, 2011. Great Panther is pleased to report revenues for the year ended December 31, 2011 of $57.8 million, representing a 37% increase over 2010. The Company’s gross profit or earnings from mining operations increased by 64% to $26.9 million for 2011, and net earnings increased 8% to $11.5 million. The Company also increased working capital to $53.8 million at December 31, 2011, from $18.8 million at the end of the prior year.
HALF-YEAR FINANCIAL REPORT – 31 DECEMBER 2011
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