Golden Minerals Company has recently received assay results from eight drill holes totaling 1,490 meters from drilling at its Los Azules exploration project located in southern Chihuahua, Mexico.
New Gold Inc. today announces fourth quarter and full-year 2013 financial and operational results, delivering the lowest annual total cash costs in the company’s history. The company previously released its preliminary operational results on February 6, 2014.
Orex Minerals Inc. is pleased to announce that it has entered into an agreement with M Partners Inc. to act as lead Agent in respect of a best efforts private placement offering of up to 20,000,000 units of the Company at a price of $0.25 per Unit for gross proceeds of up to $5,000,000. Each Unit will consist of one common share and one half of a common share purchase warrant. Each whole Warrant will be exercisable for one common share of the Company at $0.30 for a period of 24 months from closing.
Primero Mining Corp. and Brigus Gold Corp. are pleased to announce the positive results of their respective shareholder votes to approve the previously announced plan of arrangement whereby Primero will acquire all of the outstanding common shares of Brigus. The acquisition is expected to close on March 5, 2014. Brigus’ principal assets are the wholly owned Black Fox mine and mill, and adjoining properties, Grey Fox and Pike River in the Timmins Gold District of Ontario, Canada.
Canarc Resource Corp. is pleased to announce the signing of a letter of intent with Pan American Goldfields Ltd. with respect to a business combination whereby Canarc may acquire all of the outstanding common shares of Pan American.
Southern Silver Exploration Corp. reported today that Freeport-McMoRan Exploration Corporation has provided to Southern Silver $475,000, utilized as to $250,000 to pay the February 2014 periodic option payment to the optionor of the Cerro Las Minitas mineral concessions with the balance of $225,000 utilized in exploration expenses on the property.
Goldgroup Mining Inc. is pleased to announce that its 100% owned subsidiary, Granmin S.A. de C.V. has received the permit for use of explosives from the Mexican military called SEDENA (“Secretary of National Defense”). This represents the final permit necessary for full-scale operations at the Company’s 100%-owned Cerro Prieto open-pit, heap leach gold mine located in Sonora, Mexico. The explosives permit allows Goldgroup to order and use explosives for mining purposes under the supervision of the military. The Environmental Impact Statement and the Authorization of Change of Land Use for the Cerro Prieto project have previously been granted.
Hello, and thank you for standing by. This is the conference operator. Welcome to the First Majestic Silver Fourth Quarter 2013 and Year-End Earnings Conference Call. And the conference is being recorded. After the presentation, there’ll be an opportunity to ask questions. At this time, I’d like to turn the conference over to Keith Neumeyer, President and CEO of First Majestic Silver. Please go ahead.
Marlin Gold Mining Ltd. is pleased to announce the creation of Sailfish Royalty Corp. Sailfish will be a wholly-owned subsidiary of Marlin, domiciled in the British Virgin Islands. It is anticipated that the shares of Sailfish will eventually be distributed to Marlin shareholders, with Sailfish becoming a separate publicly traded company. Initially, Sailfish will be populated with a gold stream entitling it to purchase 25% of the gold produced from Marlin’s La Trinidad mine located in Sinaloa, Mexico, at US$1,150 per troy ounce for the next 40 years.
BACANORA MINERALS LTD. announces the issuance of an aggregate of 90,000 common shares at a price of $0.40 per share to James Leahy, a director of the Corporation. The foregoing shares are being issued in payment of services rendered under a consulting agreement (as amended) pursuant to which Mr. Leahy has provided various corporate financial advisory and other related services to Bacanora. The foregoing consulting services have been recorded and disclosed in the Corporation’s most recent financial statements for the period ended September 30, 2013. The completion of this share issuance is subject to the approval of the TSX Venture Exchange. Upon issuance, the foregoing shares will be subject to a statutory four-month hold period in accordance with applicable securities laws.
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