Bacanora Minerals Ltd Thursday said its pretax loss widened in the three months ended in September due to increased costs as it continues to advance its two projects in northern Mexico to the feasibility study phase.
McEwen Mining Inc. has subscribed, by way of a private placement, 8,333,333 common share units of Visible Gold Mines Inc. at a price of $0.06 per Unit for an aggregate amount of $500,000. Each Unit consists of one common share and one warrant. Each warrant entitles McEwen Mining to purchase one additional common share in Visible Gold at a price of $0.10 until April 27, 2016. The common shares and warrants purchased pursuant to the Transaction represent ownership of approximately 10.4% of the issued and outstanding shares of Visible Gold post closing (or approximately 18.9% on a partially diluted basis).
Santacruz Silver Mining Ltd. announces that further to its news release dated September 11, 2014, it has filed an independent NI 43-101 technical report in respect of a resource estimate and preliminary economic assessment for the Company’s San Felipe Project in Sonora State, Mexico. The report is available under the Company’s profile on SEDAR at www.sedar.com. The results of the resource estimate and PEA were previously announced in the Company’s news release dated September 11, 2014.
Lincoln Mining Corporation is pleased to announce the closing of the sale of the La Bufa property to Endeavour Silver Corp. The Company received 85,587 shares of Endeavour representing a total consideration equal to 90,000 common shares of Endeavour at a deemed price of $4.88 per share less that number of shares equal to the Prepayment Amount.
Cayden Resources Inc. is pleased to announce that the plan of arrangement, pursuant to which Agnico Eagle Mines Limited will acquire all of the issued and outstanding common shares of the Company, including common shares issuable on the exercise of outstanding options and warrants of the Company, was approved by shareholders and other security holders of Cayden at the special meeting of Cayden security holders held on October 27, 2014. At the meeting, approximately 99.0% of the votes cast by Cayden security holders, voting as a single class, and 98.5% of the votes cast by Cayden shareholders were voted in favour of the Arrangement.
Aurcana Corporation is pleased to report the Q3 2014 production results of 997,530 ounces silver equivalent compared to 754,828 in Q3 2013, an increase of 32%. Silver equivalent production for the Q3 2014 increased 26.8%, compared to Q2 2014. Silver production increased 32% to 412,062 in Q3 2014, compared to 312,122 in Q3 2013.
La siderúrgica reportó en el trimestre un flujo operativo o EBITDA de 43.74 millones de dólares a raíz de una mayor producción y ventas obtenidas tras la operación del Proyecto Fénix; las ventas totales de la empresa ascendieron a 11 mil 27 millones de pesos.
Orestone Mining Corp. provides the following update on the Estrella de Oro project located in Sonora State, Mexico optioned from Kootenay Silver Inc. in January of this year.
VVC Exploration Corporation announces that it has that it has successfully completed a previously announced non-brokered private placement aggregating $411,365 and representing 8,227,300 units of the Company at a price of $0.05 per Unit. Each Unit consists of one common share and one common share purchase warrant of the Company. Each Warrant entitles the holder to purchase one additional common share of the Company at $0.12 per share for 2 years and thereafter at $0.18 per share until October 22nd, 2019. The securities being issued pursuant to this private placement will be subject to a hold period which expires on February 23rd, 2015.
Mexico-focused mineral exploration firm Morro Bay Resources this week released results from a drilling campaign at the San Rafael historic mine area, at the multi-veined Peñoles project, in Durango state, indicating the presence of multiple mineralised zones.
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