Nuevos impuestos golpean a mineras

Las empresas del sector minero en México enfrentan una mayor carga fiscal, debido a la reforma que entró en vigor este año, que incorpora nuevos derechos a la minería, los cuales restan competitividad al sector y podrían reducir las inversiones, según la Cámara Minera de México.

Santacruz Silver Announces Director Resignation

Santacruz Silver Mining Ltd. announces that Mr. James Hutton has resigned as a Director with the Company. Mr. Hutton has been with Santacruz since it completed its first public share offering in 2012. The Company is conducting a search for a replacement director which it expects to complete in early 2015.

Skeena Announces Flow-Through Private Placement Financing

Skeena Resources Limited proposes to raise up to $500,000 in a non-brokered private placement financing, on a best efforts basis, by the issuance of Flow Through shares, subject to regulatory approval. Each FT share will be priced at $0.15 CDN per share. Shares issued under this financing will be subject to a hold period of 4 months and one day from the closing date of the offering. Finders’ fees may be payable to qualified agents on a portion of the funds raised in accordance with Exchange regulations.

Chesapeake Provides Development Plan For Metates Updated Pre-Feasibility Study

Chesapeake Gold Corp. wishes to announce that the Company and M3 Engineering &Technology together with several industry leading international consultants are currently working towards the completion of an updated pre-feasibility study on the Metates Gold-Silver-Zinc Project located in Durango State, Mexico. The updated PFS will build on the results of the original PFS titled “Metates Gold-Silver Project NI 43-101 Technical Report Preliminary Feasibility Study” dated March 18, 2013.The Metates Project hosts one of the largest undeveloped gold, silver and zinc reserves in the world.

Scorpio Mining Corporation and U.S. Silver & Gold Inc. Receive Shareholder Approval for Business Combination

Scorpio Mining Corporation and U.S. Silver & Gold Inc. are pleased to announce that their respective shareholders have approved the previously announced plan of arrangement to complete a merger of equals that will combine their respective businesses. Shareholders of each company approved the Transaction at their respective special meetings of shareholders held today with over 99% of the votes cast in favour of the Transaction in each case.

NWM Announces Further Debt Extension to December 31, 2014; Provides Financing and Financial Update

NWM Mining Corporation announces that it has extended the due date of the current debt outstanding from September 30, 2014 to December 31, 2014. The extension provides further time for the company to continue its refinancing efforts. As previously announced, Global Resource Fund has agreed to continue to temporarily defer and accrue monthly interest payments. Additionally, Global Resource Fund has provided an additional $1,950,000 demand loan to cover several one-time payments required which will be repaid once delayed tax receivables from the Mexican tax authorities have been received. The demand loan carries an interest rate of 15%. While the Company is undertaking all efforts to successfully conclude a refinancing, there is no certainty that this will occur, and, if the Company fails to secure additional capital or otherwise restructure its business, in order to address its cash requirements, it may not have adequate liquidity to fund its operations and meet its obligations.

Coeur Mining to Acquire Paramount Gold and Silver

Paramount’s High-Grade Don Ese Deposit Expected to Provide Low-Capital, High-Margin, Near-Term Source of Future Production to Supplement Production from Coeur’s Palmarejo Mine

Substantial Development and Operating Synergies with Coeur’s Palmarejo Operation Anticipated to Create Significant Long-Term Value

Don Ese and Guadalupe Combined Expected to Produce an Average of Approximately Six Million Ounces of Silver and 110,000 Ounces of Gold Annually over the Next Eight Years

Tamino Minerals Provides a Corporate Update

Tamino Minerals, Inc. is pleased to announce to its shareholders and followers that it is making its final arrangements to close on a financing deal that will allow the company to become fully reporting in the very near future. In addition, this will allow Tamino Minerals, Inc. to fund its exploration, acquisition and operational activities at a more rapid pace and larger scale than previously anticipated.

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