Seeking Alpha – Endeavour Silver’s CEO Discusses Q1 2013 Results – Earnings Call Transcript
Endeavour Silver Corp. (EXK) Q1 2013 Earnings Call May 7, 2013 1:00 PM ET
Endeavour Silver Corp. (EXK) Q1 2013 Earnings Call May 7, 2013 1:00 PM ET
Capstone Mining Corp. today announced its financial results for the three months ended March 31, 2013. Net earnings for the quarter were $6.9 million and operating cash flow before changes in working capital(1) was $20.1 million. Capstone ended the quarter with cash on hand of $485.4 million, a $200 million credit facility and no long-term debt. Copper production for the quarter at Capstone’s two operating mines, Cozamin and Minto, totalled 18.6 million pounds in concentrates (17.9 million pounds of payable copper) at a C1 cash cost(1) of $1.72 per payable pound of copper produced.
Vista Gold Corp. today announced its unaudited financial results and highlights for the first quarter ended March 31, 2013. Management’s quarterly conference call to discuss these results is scheduled for 2:30pm MDT on May 8, 2013. The Company’s full financial results, Management’s Discussion and Analysis together with other important disclosures can be found in the Company’s Quarterly Report on Form 10-Q, filed with the U.S. Securities and Exchange Commission and the Canadian securities regulatory authorities.
According to IntierraRMG, mining exploration fell once more in March, extending a 17-month decline in exploration activity.
Goldcorp Inc. today announced that Russell Ball will join the Company’s senior management team as Executive Vice President, Capital Management. Ball, 45, was most recently Executive Vice President and Chief Financial Officer for Newmont Mining Corporation. In his new role, Ball will lead the focus on financial discipline within Goldcorp’s project team as the Company continues to advance construction at Cerro Negro in Argentina, Éléonore in Quebec and Cochenour near Red Lake in Ontario. His group will also lead development at the Company’s next generation of gold growth projects and work with Goldcorp’s operations teams on project management at existing mines.
Cayden Resources Inc. is pleased to provide a corporate update to its shareholders.
Kimber Resources Inc. announced today that it has received a letter from the NYSE MKT LLC notifying the Company that if it does not adequately address the low selling price of the Company’s stock through a reverse stock split or otherwise raise the stock price to the satisfaction of the staff of the NYSE MKT within a reasonable amount of time, the Company will not satisfy the continued listing standards of the NYSE MKT set forth in Section 1003(f)(v) of the NYSE MKT LLC Company Guide and will be subject to continued listing review by the staff of the NYSE MKT under Section 1009 of the NYSE MKT LLC Company Guide. The Company has not yet determined what action, if any, it will take in response to this letter.
Gold prices are expected to recover in the coming weeks and months according to the Reuters Precious Metals Poll of analysts. The news was welcomed by El Tigre executives, who also recently announced the completion of the company’s drilling program.
Fortuna Silver Mines Inc. today announced revenue of $40.7 million, cash generated from operations, before changes in working capital of $16.3 million, and net income of $6.7 million for the first quarter of 2013. Silver and gold production was 992,218 ounces and 4,492 ounces at a consolidated cash cost per ounce, net of by-product credits, of $6.60.
Geologix Explorations Inc. is pleased to announce that the Prefeasibility Study for its Tepal Project in Michoacán State, Mexico has been filed on SEDAR.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
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