Kootenay Silver Inc. announces that Agnico-Eagle Mines Limited has entered into a subscription agreement to make an investment of $4,750,000 in Kootenay through a non-brokered private placement of units. As a result of the transaction, Agnico-Eagle will own 9.96% of Kootenay’s issued and outstanding shares on a non-diluted basis.
McEwen Mining Inc. announces that Rob McEwen , Chairman and Chief Owner, has exchanged 42,103,285 shares of McEwen Mining – Minera Andes Acquisition Corp. into an equal number of McEwen Mining common shares. MAQ Exchangeable shares are exchangeable on a 1-for-1 basis into common stock of McEwen Mining and were issued in connection with US Gold Corporation’s (now McEwen Mining) acquisition of Minera Andes Inc. which was completed in early 2012. Mr. McEwen’s 25% ownership interest in McEwen Mining does not change as a result of this transaction.
The Company announces that its Board of Directors has approved and adopted a Shareholder Rights Plan. The Plan entitles shareholders to severable rights to purchase additional shares of the Company upon the occurrence of a take-over bid (i.e. an offer to purchase 20% or more of the issued shares, when aggregated with the offeror’s shareholdings), which fails to meet certain conditions. Bids which meet these conditions do not trigger the rights to purchase additional shares. Permitted Bids are offers which meet all of the following conditions:
Red Tiger Mining Inc. announces that it and ML have entered into an assignment of debt agreement with Unique Goals International, a company beneficially owned, directly or indirectly, by Mr. Sergey Yanchukov, a director of the Company. Pursuant to the Assignment of Debt Agreement, Unique proposes to assign to the Company the outstanding debt owed to it under certain loan agreements entered into between Unique and ML on each of August 20, 2012 and September 9, 2012 in the amounts of US$375,000 and US$420,000, respectively.
Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to provide an update on the status of its agrarian legal suit against the Ejido La Sierrita, which was filed in August 2012 . Excellon sued the Ejido to terminate the surface rights agreement in respect of the surface rights to 1,100 hectares of exploration ground west of the La Platosa Mine and for various damages relating to the illegal blockade of the mine last year. The Ejido also sued for termination of the SRA one week after being advised of Excellon’s suit.
Primero Mining Corp. announced today that it has successfully produced the annual threshold of 3.5 million ounces of silver and will begin selling 50% of the silver produced at San Dimas at spot prices for its own account until August 5, 2013. The Company estimates that it will sell between 900,000 and 1,000,000 ounces of silver at spot realized prices by August 5, 2013.
Fortuna Silver Mines Inc. is pleased to report that exploration drilling has successfully extended the Trinidad ore shoot to the north and to depth with mineralization remaining open in both directions. Results are also reported for the initial infill drilling being carried out in the central portion of the Trinidad deposit for purposes of conversion of Inferred Mineral Resources to an Indicated Mineral Resource classification.
Endeavour Silver Corp. regrets to announce the death of a contractor employee yesterday due to a fatal accident underground at the El Cubo mine operations in Guanajuato State, Mexico.
En la inspección, en materia de industria, se detectó que los contenedores de residuos peligrosos no cuentan con identificación y el almacén temporal de estas sustancias no cumple con todos los requisitos marcados por la normatividad ambiental; destacó que por cualquiera de estas dos irregularidades la sanción puede ser de hasta 3 millones de pesos
El Tigre Silver Corp. is pleased to report that the drilling program targeting the stockwork zone that was started in January 18, 2013 was concluded on April 12, 2013 with 38 holes completed and 4,862 meters drilled. El Tigre is drilling on concessions that are part of the Company’s 431 square kilometer ownership in Sonora, Mexico.
We are world leaders in testing, inspection and certification services. We are present in all sectors of the economy with solutions and services that enhance the business, avoiding risks, improving operational performance and protecting the reputation and brand of our clients.
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.
Check the Mining State Panoramas
The promotion and dissemination as essential elements to understand and disseminate our Mineral resources, that is why today it is pleased to make the document “Mining Panorama” available to society, by state.
GeoInfoMex, is the consultation system of the Mexican Geological Service that allows users to know geoscientific information and make decisions with savings in time and resources, helping to promote mining activity.
México Minero is a non-governmental organization that promotes sustainable mining.
The DOF is the organ of the Constitutional Government of the United Mexican States, which has the function of publishing in the national territory, to so that they are properly observed and applied in their respective areas of competence.
Learn about the current situation of the mining industry as well as the activities carried out by Camimex.
Mexico Mining Center © 2021 / All Rights Reserved
