Orex Minerals Inc. and Astral Mining Corporation announce that they have agreed to merge and form a combined gold and silver exploration and development company, which will focus on the advanced-stage Barsele Gold Project in Sweden, the Coneto Silver-Gold project, and the Los Crestones Gold-Silver-Copper Project in Mexico.
The silver market continues to be a white knuckle ride with volatility being the watch word of the day. The oscillations can be gut-wrenching as we have warned about many times. However, if you have the stomach for it the silver space can be profitable for you. As regular readers will know, our philosophy has been to acquire physical silver as a top priority, followed by a small section of good quality mining shares and finally for those of a more adventurous nature a well thought out strategy in the options sector can give your portfolio a boost.
Argonaut Gold Inc. (AR.TO) had record gold production of 31,074 ounces during the 3rd quarter ended September 30, 2012. This included 24,575 ounces at its 100% owned El Castillo Mine, which is located 100 km north of the city of Durango, Mexico and 6,499 ounces at its 100% owned La Colorada Mine, which is located 50 kilometers southeast of Hermosillo, Mexico.
Scorpio Mining Corporation (SPM.TO) reported that production in the third quarter ended September 30, 2012 from its Nuestra Senora operations totalled 534,075 silver equivalent ounces.
Scorpio Mining Corporation reported that production in the third quarter ended September 30, 2012 from its Nuestra Senora operations totalled 534,075 silver equivalent ounces.
US-based mining company Golden Minerals has reported an increase in its gold, silver production at its Velardeña Operations in Mexico for the third quarter of 2012 .
Endeavour Silver Corp. announces that the Company’s silver and gold production from the Company’s three operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Bolanitos and El Cubo Mines in Guanajuato State, continued to climb in the Third Quarter, 2012.
San Marco Resources Inc. announces that it is arranging a non-brokered private placement of 8,000,000 units at $0.13 per unit for gross proceeds of $1,040,000.
Goldgroup Mining Inc. announced today that its Board of Directors has appointed Executive Chairman, Gregg J. Sedun, to also fill the role of President and Interim Chief Executive Officer, replacing Mr. Keith Piggott. Mr. Piggott is a major shareholder of the Company and continues to serve on the Company’s Board of Directors. This leadership appointment is effective immediately.
QRS Capital Corp. announces the closing on October 11, 2012 of its previously announced non-brokered private placement. The Company issued 2,625,000 units (representing an additional 125,000 Units than previously announced) at a price of $0.20 per Unit, for aggregate gross proceeds of $525,000. Each Unit consisted of one common share and one half of one common share purchase warrant. Each whole Warrant will entitle the holder to purchase one common share of the Company at a price of $0.40 per common share for a period of 24 months from the closing date of the Private Placement.
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