Vista Gold Corp. today announced it has repaid its 2013 loan facility in full. The 2013 Facility balance, which had been reduced to approximately $1.3 million in February 2014, was due March 31, 2015.
Gold Resource Corporation today confirmed its 2013 annual mill production of 84,835 precious metal gold equivalent ounces and announced its 2014 Outlook targeting a production range of 85,000 to 100,000 precious metal gold equivalent ounces (at a 63:1 silver-to-gold ratio). Gold Resource Corporation is a low-cost gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $95 million to shareholders in monthly dividends since declaring production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver.
Alamos Gold declared a semiannual dividend on Tuesday, April 1st, Stock Ratings News reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.10 per share on Wednesday, April 30th. This represents a yield of 2.18%. The ex-dividend date of this dividend is Friday, April 11th.
AuRico is reporting its seventh consecutive quarter of record production, representing a 10% increase over the prior quarter and a 17% increase over the first quarter of 2013. The solid quarter-over-quarter production growth was driven by increased production from both our cornerstone Young-Davidson mine and the El Chanate mine. Period-over-period production growth is expected to continue going forward, underpinned by the ongoing ramp-up in production at the Young-Davidson mine located in northern Ontario.
El Tigre Silver Corp., which holds the rights to nine mineral concessions in Mexico, said Tuesday it has appointed Lisa Dea as CFO, replacing Grant Smith, who has resigned.
Cayden Resources Inc. is pleased to announce that it has completed its previously announced short form prospectus offering of 5,301,500 common shares, which includes 691,500 common shares issued on exercise of the over-allotment option, at an issue price of CAD$1.70 per share for gross proceeds of CAD$9,012,550. The Offering was conducted by a syndicate of underwriters led by Beacon Securities Limited and including Canaccord Genuity Corp.
Citation Resources Inc. is pleased to announce that it has received formal written approval from The Ministry of Environment and Natural Resources that its permit applications for its planned drill program at its Biricu Project have been approved and permits have now been issued. The permits, along with the previously announced permissions from the local community, allow Citation to immediately commence drilling at its previously announced high-priority exploration targets. The initial drill program will test the priority high-drill targets in Punto Rojo and Northern Target areas with an initial exploratory drill program of a minimum of 5,500 metres and 11 proposed holes. Each of the target areas contain the geophysical, geochemical and geological characteristics consistent with other discoveries in the area, including the neighboring Torex properties, Morelos and Media Luna, and Goldcorp’s Los Filos.
Almaden Minerals Ltd. is pleased to report on the on-going exploration activities at the Company’s 100% owned Tuligtic project and Ixtaca Zone. A Preliminary Economic Assessment is currently being prepared by the independent engineering consultant groups Knight Piesold Ltd. and Moose Mountain Technical Services. On the project, the Company has commenced drilling operations. Currently one drill is working on a geo-mechanical data gathering program required for potential future studies. Geotechnical holes are also planned as part of this engineering focussed drill program. A second drill has been working on a small infill drilling program which is about to finish. For the remainder of 2014, Almaden plans to focus drilling on high-priority gold-silver exploration targets located near the Ixtaca deposit. These targets, defined by epithermal alteration, surface anomalous geochemistry and geophysics, are considered by the Company to represent unique opportunities for discovery adjacent to the Ixtaca deposit, a blind drilling discovery made by Almaden in 2010. Other work currently underway includes environmental baseline studies and more advanced metallurgical test work.
MAG Silver Corp. announces the Company’s audited consolidated financial results for the year ended December 31, 2013. For complete details of the annual financial statements and related Management’s Discussion and Analysis, please see the Company’s filings on SEDAR (www.sedar.com) or on EDGAR (www.sec.gov). All amounts herein are reported in United States dollars unless otherwise specified.
Avino Silver and Gold Mines Ltd. today announced preliminary results from development of the sixth level of the San Gonzalo Mine as well as plans to commence its 2014 drill program on the Avino property, located 80km northeast of Durango, Mexico.
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