Vancouver, Canada – March 22, 2011 – Endeavour Silver Corp. (TSX: EDR, NYSE: EXK, DB Frankfurt: EJD) announced today record earnings, cash-flows and revenues for the fourth quarter and fiscal year ended December 31, 2010, thanks to the Company’s sixth consecutive year of growing silver and gold production, lower cash operating costs and higher precious metal prices.
TORONTO, ONTARIO–(Marketwire – March 21, 2011) – Primero Mining Corp. (“Primero” or the “Company”) (TSX:P) today announced that it has purchased call options on silver at an average strike price of US$39. The options cover two thirds of the estimated silver sales to Silver Wheaton Corp. (“Silver Wheaton”) over the next six months for a total cost of US$2.3 million. The call options were purchased to improve the Company’s leverage to silver and reduce the adverse tax impact of the Silver Purchase Agreement with Silver Wheaton, particularly in the event of a dramatic short-term rise in the silver price.
Minefinders and Torex Gold Up With Strong Volume
NEW YORK (TheStreet) — The ex-dividend date for Kinross Gold Corporation (NYSE:KGC) is tomorrow, March 22, 2011. Owners of shares as of market close today will be eligible for a dividend of five cents per share. At a price of $15.06 as of 9:31 a.m. ET, the dividend yield is 0.7%.
TORONTO, March 21 /CNW/ – Zaruma Resources Inc., (TSXV:ZMR.H), (the “Company” or “Zaruma”) announced that it has completed the final portion of the bridge financing conditionally approved by the TSX Venture Exchange, through a Private Placement of a total of 4 million units comprising one common share and one warrant entitling the holder to acquire an additional common share of the Company for C$0.10 for a period of one year from the date of subscription. The units are priced at C$0.05 with the proceeds being used for the Company’s cash requirements leading up to the previously announced equity and debt financing to complete the Luz del Cobre Copper Project.
GREAT PANTHER SILVER LIMITED (TSX:GPR)(NYSE Amex:GPL) (the “Company”) is pleased to announce the audited financial results for the Company’s year ending December 31, 2010. The full version of the financial statements and the management discussion and analysis can be viewed on the Company’s web site at www.greatpanther.com or on SEDAR at www.sedar.com. To view the Company’s Annual Report on Form 20-F which includes the Company’s audited financial statements for the year ended December 31, 2010, please click on the following link http://sec.gov/edgar.shtml.
Timmins Gold Corp. (TSX VENTURE:TMM). In an appearance on Canada’s Business News Network this afternoon, the CEO of Gammon Gold Inc. stated: “We will announce tomorrow when the Capital Gold special meeting will be, but it will be this month.” It seems that the CEO of Gammon intends to postpone the special meeting of the shareholders of Capital Gold Corporation.
Capital Gold Corporation (NYSE AMEX: CGC; TSX:CGC) (“Capital Gold” or “CGC”) announced that, on March 17, 2011, it entered into an amendment to its merger agreement with Gammon Gold Inc. (“Gammon Gold”), which increases the cash component of the merger consideration payable to CGC’s stockholders by $0.30, from $0.79 to $1.09.
Alamos Gold Inc. (TSX:AGI) (“Alamos” or the “Company”) reports financial results for the fourth quarter and year ended December 31, 2010, and provides a review of its outlook for 2011.
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