Mercator Minerals Ltd. is pleased to announce production for the three months ended June 30, 2012 from its wholly-owned Mineral Park Mine was 21.4 million pounds of copper equivalent*, which consisted of 9.5 million pounds of copper in concentrates and cathode copper, 2.6 million pounds of molybdenum and 155,000 ounces of silver.
Oremex Silver Inc. announced today that its Board of Directors has determined to defer, until further notice, the payment of the dividend-in-kind of 14,000,000 common shares it holds in the capital of Oremex Gold Inc. previously announced on April 2, 2012.
Silver Sun Resource Corp. announces the commencement of a non-brokered private placement offering of up to 10,000,000 units at a price of $0.12 per unit for gross proceeds of up to $1,200,000. Under the terms of the Offering each unit will consist of one common share in the capital of the Company and one non-transferable common share purchase warrant. Each Warrant shall entitle the holder to purchase one additional common share of the Company for a period of two years from the date of issue, at a price of $0.17 per Warrant Share during the first year, at a price of $0.25 per Warrant Share during the second year.
Vista Gold Corp. today announced the appointment of Seth L. Foreman as Vista’s Vice President Corporate Development. Mr. Foreman will report to Vista’s Chief Financial Officer, Jack Engele, and will focus on corporate strategic planning, evaluation of new business opportunities, and the Company’s efforts to secure project financing for the Mt. Todd gold project in Australia. Given Mr. Foreman’s strong background in investor relations for both junior and major mining companies, he will also play an important role in Vista’s efforts to identify and attract new investors and analysts. Prior to his appointment, Mr. Foreman served as Director of Investor Relations and Business Development for General Moly Inc. Previously, Mr. Foreman worked for Newmont Mining Corporation where he held the positions of Manager of Investor Relations and Manager of Strategic Communications and Public Affairs. Mr. Foreman holds an MBA in Finance from the University of Denver and a Bachelor of Arts in Economics from Bucknell University.
GOLDCORP INC. is pleased to declare its seventh monthly dividend payment for 2012 of $0.045 per share. Shareholders of record at the close of business on Thursday, July 19, 2012 will be entitled to receive payment of this dividend on Friday, July 27, 2012. Goldcorp has paid a monthly dividend to its shareholders since 2003. Canadian resident individuals who receive dividends from Goldcorp after 2005 are entitled to an enhanced gross-up and dividend tax credit on such dividends.
Santa Fe Gold Corporation today announced that it is offering up to 12,500,000 units for sale to existing stockholders, with each unit consisting of one share of common stock and a warrant to purchase an additional share of common stock. Each unit will be offered for sale at a price of $0.40. Each warrant has an exercise price of $0.60 per share of common stock, and is exercisable for a period of three years commencing immediately. The shares of common stock and the warrants will be issued separately but will be purchased together in the offering.
Baja Mining Corp’s largest shareholder, Mount Kellett Capital Management LP, said it will not provide debt or equity financing for the Canadian miner’s Boleo copper-cobalt-zinc project in Mexico.
Gryphon Gold Corporation, a gold exploration, development and production company focused on its Borealis Oxide Heap Leach Project in Nevada regretfully announced today the death of Donald W. Gentry, a member of its Board of Directors, on Monday, July 2, 2012. Dr. Gentry, 69, had served as a director of the Company since 2005.
Prospero Silver Corp. announced today that it has granted stock options to purchase 1,025,000 common shares in the capital of the Company to various directors, officers and employees of the Company. The stock options are exercisable at a price of $0.10 per share for a period of five years from the date of issuance in accordance with the policies of the TSX Venture Exchange (the “Options”). Stock options granted to employees will be subject to a vesting schedule with 1/3 to vest immediately, 1/3 to vest six months from the date of grant and the remaining 1/3 to vest one year from the date of grant.
Eric Fier at SilverCrest Mine¡¯s La Joya project (transcribed from video): SilverCrest is an operating company now, in Mexico. As we grow Santa Elena and the expansion plan, the next part of the growth pattern is La Joya.
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