Radius Gold Inc. is pleased to announce that the Company has received final approval from the TSX Venture Exchange for the change of its business from that of a mineral exploration issuer to an investment issuer.
Peter Hawley, the Company’s CEO, comments, “The Company continued to increase its gold production during 2014 and generated $16.2 million of cash flow from operating activities despite lower gold prices. As with many other companies in the industry, the Company recorded a non-cash impairment during 2014. The Company continues to focus on operational excellence along with safe mining practices. In addition, an aggressive drilling program has been planned for 2015 at the Mineral Ridge project with the objective of increasing its life of mine…
Mr. Fennell has served as a Director of the Board to Sutter since June 2009. He currently serves as officer and/or director of a number of publicly-traded resource and resource-related companies. Mr. Fennell has decided to resign from his Sutter board position in order to dedicate more attention to these other ventures.
Scorpio Gold Corporation announces that the proposed $15 million Strategic Financing with Coral Reef Capital LLC has been terminated due to concerns about certain large shareholders opposing the transaction. As such, the Company is obligated to pay a break fee of $500,000 along with approximately $100,000 of related due diligence costs incurred by Coral Reef.
“In the first quarter of 2015 we focused on flexibility and execution,” said Darren Pylot , President and CEO of Capstone. “We maintained our financial flexibility by renegotiating our credit lines, identifying discretionary components within our 2015 capital plan and matching the advancement of our development projects to our financial capacity as copper prices touched on a six-year low.”
Operational performance in the first quarter was in line with expectations, continuing the trend established in the second half of 2014. The Company’s primary portfolio continues to demonstrate its stability and low cost structure, providing the opportunity for the pursuit of high quality growth. In particular, the flagship assets Chapada, El Peñón and Canadian Malartic continue to contribute most significantly to production and cash flow, forming the base on which the Company’s other assets have the potential to further enhance value.
YAMANA GOLD INC. declares a second quarter 2015 dividend of $0.015 per share. Shareholders of record at the close of business on June 30, 2015 will be entitled to receive payment of this dividend on July 14, 2015. The dividend is an “eligible dividend” for Canadian tax purposes.
Oroco Resource Corp. is pleased to announce that the United States District Court for the District of Arizona has granted summary judgement in favour of Oroco and the other defendants on certain key claims in the legal action brought by Sonoran Resources LLC arising from the contracts, events and services between Oroco, its former Mexican subsidiary, Minas de Oroco Resources SA de CV, Goldgroup Mining Inc. and Sonoran relating to the mine construction at, and the sale of the Cerro Prieto Property in Sonora State, Mexico.
“This financing marks an exciting turning point for the Company,” said Chris Frostad, CEO, Minera Alamos Inc. “This will provide adequate funding to complete the evaluation and design of our phase 1 development at Los Verdes while also alleviating the Company’s current debt burden.”
Keith Neumeyer, chairman of First Mining, stated we are very excited to be making this proposal. Since completion of our qualifying transaction our management team has been investigating a number of potential opportunities and we feel that CODs Hope Brook Gold Project represents a target that fits well into our strategy…
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