Teck Resources Limited reported second quarter adjusted profit of $312 million, or $0.53 per share, compared with $663 million or $1.12 per share in 2011.
Bowmore Exploration Ltd. is pleased to announce the completion of its non-brokered private placement announced on July 11, 2012. Bowmore sold a total of 5,600,000 common shares at a price of $0.25 per share for gross proceeds of $1.4 million.
Guerrero Exploration Inc. announces that it has applied for regulatory approval to issue a total of 300,000 common shares at a deemed issue price of $0.06 per share in respect to its previously described Letter Agreement with Riverside Resources Inc. dated March 3, 2011, and outlined in further detail in the press release dated March 7, 2011. The agreement provides for 150,000 shares to be issued 12 months and 18 months from the effective date. The shares will be subject to a 4 month hold period.
Excellon Resources Inc. is pleased to report the appointment of Brendan Cahill to the position of Executive Vice President of the Company.
I am pleased to provide an exploration and corporate update for Silver Bull Resources.
Newstrike Capital Inc. is pleased to announce the appointment of Mr. Thomas H. Bagan, P.E. MBA, as Vice President of Project Development. Mr. Bagan brings over 30 years of industry experience in project development, advanced engineering and business development. He has held several senior management positions in open-pit and underground mines spanning four continents and 14 countries. Most recently, Mr. Bagan was Vice President, Corporate Development at Minefinders Corporation. Mr. Bagan will be responsible for directing project development and overseeing the engineering studies at Newstrike’s ‘Ana Paula’ project located in Guerrero, Mexico.
SilverCrest Mines Inc. is pleased to announce production figures for the second quarter of 2012 from its 100% owned Santa Elena Mine located in Sonora, Mexico.
Pan American Goldfields Ltd. is pleased to announce mineral production and revenues received from pilot production at its Cieneguita Project located in Chihuahua, Mexico for the quarter ending May 31st, 2012.
Gold Resource Corporation is pleased to report the final results from an independent resource estimate compiled from drilling data at the Companys La Arista vein system at its El Aguila Project in the southern state of Oaxaca, Mexico. Indicated and inferred resources include approximately 1.4 million gold equivalent ounces (all metals) at 1 gram gold equivalent cutoff confirming the previously announced preliminary results. The estimate was prepared by the Denver engineering firm of Pincock, Allen & Holt in compliance with the standards established by Canadian Securities Administrators National Instrument 43-101.
Oremex Silver Inc. announces that it intends to complete a non-brokered private placement of up to 15,000,000 units from treasury at a price of $0.05 per Unit for aggregate proceeds of up to $750,000.
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