Category: Investor’s Corner

Pan American Goldfields Ltd. Reports Record Production from its Cieneguita Property, Mexico

Pan American Goldfields Ltd. is pleased to announce the production results for the last two months of operation at its 80% owned Cieneguita project, Chihuahua, Mexico. The Cieneguita project is currently being operated on a pilot basis under an agreement between The Company and Minera Rio Tinto, a private Mexican company. The terms of the agreement were recently re-negotiated as discussed in The Company’s release on September 12th -2012. The Cieneguita project as operated by MRT produces a bulk sulfide flotation concentrate or pre-concentrate at the Cieneguita plant. This concentrate is then shipped to Choix where it is treated to produce a lead concentrate that contains the majority of the valuable metals gold and silver. This lead concentrate is then sold under contract to Trafigura who then ships the concentrate to various smelters for final metal recovery.

NWM Announces Operational Management Changes

NWM Mining Corporation announced today that Mr. John Van De Beuken has resigned as the COO of the Company following the completion of the initial commissioning phase for the Lluvia de Oro project. He will remain as a director of NWM.

Energold Drilling Corp. : Energold Drilling Announces Management Changes

Energold Drilling Corporation, a leading worldwide operator and manufacturer of mineral exploration and energy drilling rigs, today announced the appointment of Mr. Craig Geier as Managing Director, Dando Drilling Services, effective immediately. DDS is an affiliate of the Company’s wholly owned rig manufacturer Dando Drilling International based in the United Kingdom and will be initiating the Energold Groups global water drilling services business segment. Mr. Geier was previously the Company’s Chief Financial Officer and Vice President of Corporate Development. In parallel with Mr. Geier’s appointment, the Company has appointed Mr. Steven Gold as interim CFO, who was previously Director — Corporate Development. The Company has initiated an external search for a permanent replacement of the Chief Financial Officer.

Excellon Resources Appoints New President

Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to announce that the Board of Directors has appointed Mr. Brendan Cahill to the position of President of the Company. Mr. Peter Crossgrove will continue in his roles as Executive Chairman and Chief Executive Officer.

El Tigre Silver Closes Private Placement for Gross Proceeds of $2,227,000

El Tigre Silver Corp. is pleased to announce that it has closed its previously announced non-brokered private placement for an aggregate of 8,908,000 units of the Company for aggregate gross proceeds of $2,227,000. Each Unit consists of a common share of the Company and one-half of a common share purchase warrant. Each whole Warrant entitles the holder to acquire an additional common share of the Company for a period of 24 months from the date of issue at a price of $0.38 per share, provided that, if over a period of 20 consecutive trading days after the expiry of the hold period on the warrants, the daily volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange (or such other stock exchange on which such shares are listed) is greater than $0.50, then at the Company’s discretion, it may, within 10 days of such 20 day period, accelerate the expiry date of the Warrants to a date 30 days after the date of the notice.

Scorpio Gold Corporation Announces its Unaudited Financial and Operating Results for the Third Quarter of 2012

Scorpio Gold Corporation is pleased to announce its unaudited financial and operating results for the third quarter ended September 30, 2012 (“Q3”). This press release should be read in conjunction with the Company’s Management Discussion & Analysis, Financial Statements and Notes for Q3, available on the Company’s website at www.scorpiogold.com and on SEDAR at www.sedar.com. All monetary figures are expressed in US dollars unless otherwise specified.

Mercator Minerals Reports Third Quarter 2012 Results

Mercator Minerals Ltd today announced its financial results for the three months and nine months ended September 30, 2012. During the third quarter 2012, the Company generated revenues of $58.5 million and gross profit of $4.7 million, in spite of a buildup of 2.3 million pounds of copper in concentrate inventory at the port which was subsequently shipped in the first week of October, cash flow from operations (excluding changes in non-cash working capital items) of $2.1 million, and a net loss of $15.1 million ($0.06 per share, basic), or on an adjusted net earnings* basis, a loss of $3.7 million ($0.01 per share, basic).

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