Agnico Eagle Mines Limited today announced that, at the annual and special meeting of shareholders held earlier today (the “Meeting”), each of the twelve nominees listed in the management information circular dated March 12, 2015 were elected as directors of Agnico Eagle. The detailed results of the vote are set out below:
Copper production from the leaching operations began to decline in September 2014. Investigation of the cause revealed that a sudden and unprecedented occurrence of clay materials had appeared in the ore in the south pit of the mine where the last few benches of material from a “slip” (i.e., material higher up in the mine that slid down a slope as a result of being located along a fault zone,) were being mined. This clay material was mixed with ore sent to the crusher and distributed onto the leach pad with a dozer. This resulted in a top layer of low permeability of the heap…
“The fourth quarter saw significant improvements at the Rosario Mine on a cash cost per payable silver equivalent ounce sold. The increase in mill throughput along with higher silver grades has allowed the mine to continually improve over the calendar year 2014,” said Arturo Préstamo, President and CEO. “With the shut-down of Q1 2015 now behind us and the installation of the third ball mill completed we are now back on track to deliver at the Rosario Mine in 2015. We anticipate further cost reductions in 2015 that will put us in a strong position to generate cash this year.”
Capstone Mining Corp. today announced the voting results from its 2015 Annual General Meeting held Wednesday, April 29, 2015 in Vancouver, British Columbia.
“The year is off to a good start with continued strong operating performance from all of our mines. This performance coupled with lower fuel prices and weaker local currencies, has also resulted in better than expected operating costs”, said Sean Boyd , Chief Executive Officer. “This year is also shaping up to be an exciting time on the exploration front, as we have drills operating at most of our mines and development projects. Drilling at Kittila has potentially outlined a new zone parallel to the main mineralized trend, and infill drilling is underway at Amaruq, with initial results suggesting good potential to expand the resource base and ultimately enhance our Nunavut platform”, added Mr. Boyd
New Gold Inc. today announces the voting results from the election of its Board of Directors at New Gold’s Annual and Special Meeting of Shareholders held on April 29, 2015 in Toronto, Ontario. The director nominees listed in the Management Information Circular dated March 17, 2015 were elected as directors of New Gold at the Meeting. Detailed results of the vote are set out below.
Goldcorp Inc. reported much weaker-than-expected first quarter results on Thursday as it faced shrinking margins, higher depreciation and depletion expenses, and a higher effective tax rate.
“We are pleased to begin 2015 with strong cash flow performance,” said Chuck Jeannes, Goldcorp President and Chief Executive Officer. “Our primary focus in 2015 is on safely executing our plans and forecasts. Delivering on those expectations, coupled with significantly lower capital spending compared to prior years, positions Goldcorp for a sustained period of strong cash flow. This financial strength provides Goldcorp the flexibility to fund the next generation of growth projects…
Keith Neumeyer, chairman of First Mining, stated Im very surprised and disappointed by the Special Committees determination. Our proposal is a superb opportunity to create value for the COD shareholders. We believe our proposal clearly delivers both greater short-term and long-term value to the COD shareholders compared to the Sulliden transaction and is clearly a Superior Proposal under the Sulliden agreement. We find it outrageous that the COD board is recommending that its shareholders accept an offer which provides less value than the current trading price of COD shares…
Newstrike Capital Inc. advises that the previously announced plan of arrangement involving Newstrike and Timmins Gold Corp. has been approved by the shareholders of Newstrike.
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