Mexican precious metals miner Fresnillo PLC (FRES.LN) announced Thursday the retirement of its chief executive, Jaime Lomelin, and announced the appointment of Octavio Alvidrez as CEO designate.
Excellent Quarterly Cash Flow From Low Cash-Cost Production Record Quarterly Gold Sales of 50,000 Ounces for Revenues of $80.9 Million
Santacruz Silver Mining Ltd. is pleased to announce that at its Annual General Meeting held July 24, 2012, Mr. Marc Prefontaine, M.Sc., P.Geo, was elected to the Company’s Board of Directors joining Messrs. Arturo Prestamo Elizondo, Francisco Ramos, James Hutton and Craig Angus, who were all re-elected.
Guerrero Exploration Inc. announces that it has, by mutual agreement, terminated the Option Amendment and Reorganization Agreement with Riverside Resources Inc. announced earlier, and has determined that it will not pursue its option on the Chapalota property in Mexico. It has, subject to regulatory approval, entered into a binding letter of intent to acquire all of the issued and outstanding shares of Pinette Copper Corp, a private Vancouver-based mineral exploration company with 2 exploration properties located in Botswana. Pinette has had these copper exploration properties for the last approximately 2 and 3 years respectively and has spent a total of approximately $2,500,000 to date on them. Exploration is ongoing.
Mexivada Mining Corp. is pleased to announce that at the Extraordinary General Meeting of Members of the Company held on July 17, 2012, members of the Company approved, by way of Ordinary Resolution, to consolidate the Company’s shares with every three and one-half common shares of the Company being consolidated into one common share.
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.
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