La diputada Karina García Gutiérrez, quien funge como presidenta de la Comisión de Minería del Congreso del Estado, busca coadyuvar con la Industria Minera de Sonora al servir como enlace entre esta y la Cámara de Diputados.
Agnico Eagle Mines Limited today reported a quarterly netloss of $453.3 million, or a net loss of $2.61 per share for the fourth quarter of 2013. This result includes, a non-cash after tax impairment loss of $436.3 million ($2.51 per share), a non-cash deferred tax charge (primarily related to a new Mexican mining tax law enacted in the fourth quarter of 2013) of $47.2 million ($0.27 per share), a non-cash impairment loss on available for sale securities of $10.2 million ($0.06 per share), a non-cash stock option expense of $4.3 million ($0.02 per share), other non-recurring expenses of $5.7 million ($0.04 per share), and a non-cash foreign currency translation gain of $6.2 million($0.04 per share). Excluding these items would result in adjusted net income of $44.2 million ($0.25 per share) for the fourth quarter of 2013. In the fourth quarter of 2012, the Company reported net income of $82.8 million or $0.48 per share.
Tarsis Resources Ltd. has received a report detailing work carried out at the Erika property by the optionee who recently returned the project. During the work program, the optionee discovered a new and previously unknown zone of skarn alteration characterized by moderate hornfelsing in rocks of the Mezcala sedimentary sequence.
Further to the information provided in Fresnillo plc’s production report on 28 January, the Company is pleased to announce that the district court has ruled that, following the hearing on 24 January, it has denied the request by the Ejido El Bajío to prevent the lifting of the explosives permit covering Herradura and Soledad
Further to the Company’s news releases of November 7, 2013 and January 22, 2014, the Company advises that it has agreed to final terms regarding its private placement with Global Resources Investments Ltd. The Company will be seeking to raise $1,200,000 through the sale of 20,000,000 common shares at $0.06 per share.
Del Toro has initiated a “rebranding” program in order to best align its focus and goals with a new market image. The program will consist of a Company name change, new logo, new website and an associated investor relations campaign. Management believes such a program will enhance market awareness of the Company and provide a fresh start to facilitate the anticipated growth of the Company in 2014 and the future.
Evrim Resources Corp. is pleased to announce that it has signed an agreement with ArcelorMittal Servicios Minerometalurgicos de Occidente S.A. de C.V., a wholly owned subsidiary of ArcelorMittal S.A., to explore for iron ore deposits in Mexico.
Rare Earth Minerals PLC Wednesday announced that it has conditionally raised GBP4.6 million gross at 0.4 pence per share to fund the expansion of its Mexican lithium interests.
IMPACT Silver Corp. announces operational changes to the pilot plant operation at its Capire Production Centre in Mexico. After nearly one year of test production, the Company has made the strategic decision to process higher value gold and copper mineralization from the Carlos Pacheco/San Juan area and, at this time, suspend mining operations at the lower grade open-pit Capire Silver Mine. The larger Guadalupe Production Centre, located 16 kilometers to the north, will continue producing silver with lead-zinc by-products.
Torex Gold Resources Inc. announced today that it has closed its previously announced bought deal offering of units of the Company. A total of 119,830,000 Units have been issued at a price of C$1.20 per Unit, for aggregate gross proceeds of C$143,796,000, which includes the full exercise by the underwriters of the over-allotment option for 15,630,000 Units. Each Unit consists of one common share of the Company and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder to purchase one common share of the Company at an exercise price of C$1.50 until August 12, 2014.
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