Vancouver, British Columbia (March 16, 2011) Goldgroup Mining Inc. (“Goldgroup” or the “Company”) is pleased to announce that Goldgroup has completed its US$18.0 million Earn-In with DynaResource de Mexico S.A. de C.V. (“DynaMexico”) making Goldgroup a 50% owner of the San José de Gracia gold project in Sinaloa, Mexico (“San José de Gracia”).
Toronto, Ontario – (March 16, 2011) Argonaut Gold Inc. (TSX: AR) (“Argonaut” or the “Company”) is pleased to announce that Standard & Poor’s Index Operations will be adding Argonaut Gold to the S&P/TSX Global Gold Index and the Global Mining Index, effective as at the open on Monday, March, 21, 2011. The S&P/TSX Global Gold Index and Global Mining Index are leading benchmarks of the global gold and mining industry sectors.
At the end of 2010, Argonaut Gold had a fully diluted market cap of $383 million and an average trading volume of 150,000 shares a day. Since closing the Pediment Gold transaction on February 1, the fully diluted market capitalization is approximately $560 million with average trading volume of over 400,000 shares. The Pediment Gold transaction added approximately 30 million shares.
Vancouver, British Columbia CANADA, March 15, 2011 /FSC/ – BCY Resources Inc. (BCY – TSX Venture), announces that further to the news release dated February 10, 2011, its name has changed to Mexigold Corp. The Company will commence trading under its new name and symbol, MAU, at the open on March 16, 2011 and will trade on a post-consolidated basis of one (1) new common share for every four (4) common shares currently issued and outstanding.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – March 15, 2011) – Farallon Mining Ltd. (“Farallon”) (TSX:FAN) today announced that Nyrstar Canada (Holdings) Ltd. (“Nyrstar Canada”), an indirect wholly owned subsidiary of Nyrstar NV (“Nyrstar”), had completed its Compulsory Acquisition (the “Compulsory Acquisition”) of 32,637,786 common shares of Farallon (the “Common Shares”), at a price of $0.80 in cash per Common Share pursuant to the Notice of Compulsory Acquisition made under Section 300 of the Business Corporations Act (British Columbia), and mailed to the holders of Common Shares who did not accept its offer dated 23 November 2010 to purchase all of the issued and outstanding Common Shares of the Company. On 5 January 2011, Nyrstar Canada acquired 462,400,996 Common Shares of the Company representing approximately 93.75% of the Common Shares of the Company. As of 15 March 2011, Nyrstar Canada owns 495,038,782 Common Shares of the Company representing 100% of the Common Shares of the Company.
Gold Resource Corporation (GORO) (NYSE Amex: GORO) today announced financial results for the fourth quarter and year ended December 31, 2010. CEO conference call is scheduled March 16, 2011. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico.
Leading natural resources fund manager Dr Markus Elsässer thinks investors need to be careful when buying into the rare earth story, and believes there are now better commodity opportunities elsewhere.
Capital Gold Corporation today reported a 51% increase in revenue for the quarter ending January 31, 2011, compared to the prior year’s period. Net income for the six months ended January 31, 2011 and 2010 was approximately $8,242,000 and $5,884,000, respectively, representing an increase of approximately 40% over the prior period. During the quarter, 14,573 ounces of gold were sold at an average price of $1,375 per ounce.
Toronto stocks plummeted at open Tuesday amid a global sell-off after Japan warned of further radiation leaks. The S&P/TSX Composite Index was down 272.12 points or 2.00 percent to 13,347.07.
VANCOUVER – Capstone Mining Corp. (TSX:CS) reports it returned to profitability in 2010 as sales grew on the back of higher copper prices.
TORONTO, ONTARIO–(Marketwire – March 14, 2011) – Alamos Gold Inc. (TSX:AGI) (“Alamos” or the “Company”) is pleased to announce that the Company’s Board of Directors has authorized an increase to its semi-annual dividend to $0.05 per common share.
Semi-Annual Dividend
As part of the Company’s long-term strategy to maximize shareholder value, the Board of Directors has declared a semi-annual dividend of $0.05 per common share. This represents a 43% increase from the Company’s last semi-annual dividend of $0.035 per common share declared in October 2010. The dividend is payable on May 2, 2011 to shareholders of record as of the close of business on April 15, 2011.
This dividend qualifies as an “eligible dividend” for Canadian income tax purposes.
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