AuRico Gold Inc. (AUQ), the Canadian miner that bought Northgate Minerals Corp. for C$1.34 billion ($1.31 billion) in October, said it will be opportunistic in considering further deals after gold-asset valuations fell.
Baja Mining Corp said lenders have agreed to a 45-day standstill for its Boleo project financing, giving the company more time to arrange for funds for its cash-strapped flagship project in Mexico.
San Marco Resources Inc. announces that it is arranging a non-brokered private placement of 7,000,000 units at $0.10 per unit for gross proceeds of $700,000.
Canadian Mining Company Inc. announces that it has retained Zachary Puznak of Vancouver, British Columbia, to provide investor relations services. Mr. Puznak has been a provider of investor relations, corporate communications and marketing services to public companies since 2001.
Baja Mining Corp. announced today that Louis Dreyfus Commodities Metals Suisse, S.A. has commenced litigation against it in the Supreme Court of British Columbia.
Copper Creek Gold Corp. is pleased to announce the appointment of Mr. Peter Robinson to the Company’s Advisory Board. Mr. Robinson will work closely with the Board of Directors of Copper Creek to help secure future financing for its exploration projects.
Sierra Iron Ore Corp. is pleased to announce that it has begun trading on the OTCQX-International under the symbol “SIOCF.” The OTCQX is the highest tier of the OTC Markets and the Company is pleased to increase accessibility for U.S. investors. The OTCQX membership was sponsored and facilitated by Kenneth I. Denos, P.C. who will act as the Company’s Principal American Liaison.
Starcore International Mines Ltd. has filed the results for the quarter and nine months ended April 30, 2012, for the Company and its mining operations. Over the third quarter ended April 30, 2012, the Company is pleased to report revenues of $14.0 million, earnings from mining operations of $5.0 million and earnings for the period of $4.17 million, which includes a net $1.93 million gain in financing costs due to gains in the Company’s gold forward sales contracts. The basic and diluted income per share for the quarter ended April 30, 2012 was $0.03. Over the nine months ended April 30, 2012, the Company reports revenues of $49.4 million, earnings from mining operations of $17.8 million and earnings for the period of $10.8 million, which includes a net $1.95 million loss in financing costs due to net losses in gold forward sales contracts over the period. The basic and diluted income per share for the nine month period ended April 30, 2012 was $0.09 and $0.08, respectively.
Pacific Comox Resources Ltd. reports the resignation of James Janzen from his position as CFO and V.P. Exploration and from the Board of Directors effective December 31, 2011 as a result accepting an appointment as an officer with a major gold mining Company.
Torex Gold Resources Inc. announced today its financial results for the three and six months ended April 30, 2012.
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