Fresnillo PLC, a primarily silver producer and Mexico’s second largest gold producer, Tuesday reported record annual attributable gold production of 473,034 ounces, up 5.4% year on year, mainly due to the successful first year of operations at Noche Buena and continuous ramp-up at Saucito and said it expects 2013 attributable gold production to reach 490,000 ounces due to ramp-up at Noche Buena.
Fresnillo PLC (FRES.L) reported annual attributable gold production of 473,034 ounces, an increase of 5.4% from last year, exceeding the full-year target of 460,000 ounces, mainly due to the successful first year of operations at Noche Buena and continuous ramp-up at Saucito. Annual attributable silver production of 41Moz, including 4.0Moz from the Silverstream, was in line with the company’s guidance.
Alamos Gold Inc. announced today that it has mailed its formal offer and take-over bid circular and related documents with respect to Alamos’ offer to acquire all of the outstanding common shares of Aurizon Mines Ltd. to Aurizon shareholders.
Toronto-based Sierra Metals (CVE:SMT) Monday saw its shares slide more than three per cent, despite forecasting mostly growth in production for 2013.
Impact Silver Corp. is pleased to provide its year-end review of exploration activities in 2012 at the Royal Mines of Zacualpan District and adjacent Mamatla District in central Mexico.
Aurizon Mines Ltd., a producer of gold in Quebec, rejected a C$780 million ($786 million) unsolicited takeover bid from Alamos Gold Inc. and said it will explore other potential deals.
Canarc Resource Corp. announces that it has closed the final tranche of its previously announced non-brokered private placement.
War Eagle Mining Company Inc. has entered into an agreement dated January 11, 2013 with Toronto-based Andromeda Resources Inc., which is a private company incorporated in Ontario. The agreement contemplates that pursuant to a so-called “triangular merger” the shareholders of Andromeda (other than War Eagle) will exchange each issued and outstanding common share of Andromeda held by them for 0.897 common shares of War Eagle such that the shareholders of War Eagle on the effective date of the merger will own approximately 80% of the outstanding shares of War Eagle and the shareholders of Andromeda (other than War Eagle) will own the remaining 20%. Andromeda will continue as a wholly-owned subsidiary of War Eagle.
Sierra Metals Inc. is pleased to announce its 2012 annual and fourth quarter production results and to issue production guidance for 2013.
Noront Resources Ltd. announced today that its board of directors received the resignation of Wes Hanson as President, Chief Executive Officer and a Director of Noront. The Board has appointed Paul Parisotto to act as interim President and Chief Executive Officer and has begun a search to identify a permanent President and Chief Executive Officer. Ted Bassett has been appointed lead director during the period of Mr. Parisotto’s appointment as interim President and Chief Executive Officer.
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