Southridge Minerals, Inc. is pleased to announce it has added the expertise of Mexican industry professionals Mr. Alejandro De Leon Garcia, Mr. Alfonso Sanchez Navarro and Mr. Salvador Martinez Moreno to its board of Directors.
Baja Mining Corp. announces that the lenders to its 49% owned subsidiary, Minera y Metalurgica del Boleo S.A. de C.V., have agreed to an extension to the second standstill agreement announced by Baja on August 7, 2012.
Timmins Gold Corp. is pleased to announce the addition of Mr. Taj Singh to its management team in the role of Vice President of Business Development.
London, England, Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, is pleased to report it entered into a Standby Equity Distribution Agreement pursuant to which YA Global Master SPV Ltd, an investment fund managed by Yorkville Advisors Global LP, has agreed to subscribe in tranches on an indemnified basis, when requested by the Company over the next three years, for up to £5 million of the Company’s Common shares.
Latin American steel company Ternium SA said Monday it will invest $4.2 billion over the next five years to build a flat steel plant in Mexico to bolster production capacity.
One gold and silver miner that we believe is a near-term takeout target — possibly before the end of 2013 — is Paramount Gold and Silver (PZG). We highlighted this company a few weeks ago and already it has made a powerful move. The primary reasons we believe the majors are looking at Paramount is that they have known advanced NI 43-101 resources of over 100 million ounces of silver and 4 million ounces of gold at their two properties in mining friendly Nevada and the historic Sierra Madre Trend Mexico.
Lincoln Mining Corporation announces its plans to conduct a non-brokered private placement of up to 4,000,000 common shares at a price of $0.05 per share for total proceeds of up to $200,000.
Robert Shapiro, litigation partner and head of the White Collar Criminal Defense Group in the firm Glaser Weil Fink Jacobs, Avchen & Shapiro, was named one of the nation’s most prominent attorneys by the NY Times. His list of high profile cases includes the defense of O.J. Simpson.
Coeur d’Alene Mines Corporation today announced that it expects to appoint Randy Buffington, currently Senior Vice President of Operations, to Senior Vice President and Chief Operating Officer effective January 1, 2013. Mr. Buffington will succeed K. Leon Hardy who will retire from the Company at the end of the year.
The management of Arianne Resources Inc. is pleased to announce the appointment of Mr. Pierre Lortie as Director of the Company and Chairman of the Board. In this new role, Mr. Lortie will assist for the strategic directions of the Company.
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