Category: Investor’s Corner

First Majestic Silver Corp. announced today that its board of directors has approved a share repurchase program pursuant to a normal course issuer bid in the open market through the facilities of the Toronto Stock Exchange or alternative Canadian market places over the next 12 months. Pursuant to the Share Repurchase, the Company proposes to repurchase up to 5,848,847 common shares of the Company which is the maximum number of shares permitted to be purchased under the TSX rules and represents 5% of the 116,976,940 issued and outstanding shares of the Company as of March 1, 2013.

McEwen Mining Inc. is pleased to provide a summary for its fourth quarter and full year operating results, including 2013 production and cost guidance, for its mines and projects in Argentina, Mexico and Nevada.

Defiance Silver Corp. announces it intends to seek TSX Venture Exchange approval to extend the expiry date of certain previously issued warrants, being: (i) 937,500 warrants exercisable at $0.21333 per share (issued April 15, 2011) from April 15, 2013 to April 15, 2014; (ii) 397,225 warrants exercisable at $0.30 per share (issued April 17, 2012) from April 17, 2013 to April 17, 2014; and (iii) 175,025 warrants exercisable at $0.65 per share (previously issued April 17, 2012) from April 17, 2013 to April 17, 2014. The warrant term expiry date extensions are subject to Exchange approval.

Cerro Resources NL has filed its Interim Financial Statements and Directors’ Report for the half-year period ended December 31, 2012. They can be viewed on the Company’s website at www.cerroresources.com and have been filed on SEDAR at www.sedar.com.

They have, on average, only 5.7 months worth of cash on their balance sheets

Ross River Minerals Inc. announces that it has closed the first tranche of the private placement announced on February 5, 2013. The Company has issued 4,290,000 units at $0.05 per unit for total proceeds of $214,500. Each unit consists of one common share and one transferable share purchase warrant with each share purchase warrant entitling the holder to purchase one common share for a period of eighteen months at $0.10 per share. The securities have a four month hold period until June 15, 2013. The Company has paid a finder’s fee by the issuance of 140,000 common shares at a deemed value of $7,000.

Alphamin Resources Corp. wishes to announce that it has entered into a debt settlement agreement with a creditor of the Company pursuant to which the Company has agreed to issue an aggregate of 2,500,000 common shares at a deemed price of $0.20 per Share. The amount of indebtedness settled by the Agreement is $500,000, which was forwarded by the creditor to the Company in the form of a bridge loan. The Company decided to satisfy this outstanding indebtedness with Shares in order to preserve its cash for operations.

Mundoro Capital Inc. announces the filing of the Company’s Annual Audited Financial Results for fiscal year ended December 31, 2012. Highlights provided in this news release should be read in conjunction with the Company’s Annual Audited Financial Statements and the Management Discussion and Analysis, which is available on SEDAR at www.sedar.com. All dollar amounts are in U.S. dollars unless otherwise stated.

Mercator Minerals Ltd. (ML), which mines copper in Arizona, is considering options including the sale of a minority stake of about 25 percent in its El Pilar project in Mexico to a partner that would help fund the mine’s development.

Esperanza Resources Corp. today announced that Mr. Andrew Pooler will be joining the Company in the role of Chief Operating Officer.