Argonaut Gold Inc. announced today that the Company had production of 30,310 gold equivalent ounces during the second quarter ended June 30, 2014. This included 21,359 GEOs at its 100% owned El Castillo Mine located in Durango, Mexico and 8,951 GEOs at its 100% owned La Colorada Mine located near Hermosillo, Mexico.
Red Tiger Mining Inc., is providing this bi-weekly update on its Financial Statement Status in accordance with National Policy 12-203 — Cease Trade Orders for Continuous Disclosure Defaults. On April 24, 2014, the Company announced that for reasons disclosed in the news release, there would be a delay in the filing of its audited financial statements for the year ended December 31, 2013 and its related Management Discussion & Analysis and CEO and CFO certifications beyond the 120 day period prescribed for the filing of such documents. As a result, the interim financial statements for the period ended March 31, 2014 and its related Management Discussion & Analysis and CEO and CFO certifications will also be delayed.
Azure Minerals Limited is pleased to announce that a 10 hole, 1,500m diamond core drilling program has commenced at its 100%-owned Cascada copper deposit, part of the Promontorio Project located in the state of Chihuahua, Mexico.
BACANORA MINERALS LTD. is pleased to announce the release by the London Stock Exchange of a Schedule 1 Notice under AIM rules, with a target date of July 25, 2014 for admission of the Company’s common shares onto AIM. It is anticipated that the Company’s AIM Admission Document will be filed on or about July 22, 2014 and that its previously announced brokered financing will close concurrent with admission. For details concerning the aforementioned financing, please see the Company’s press release dated June 25, 2014. Subsequent to the proposed AIM admission, it is the intention that Bacanora’s common shares will, in the immediate future, continue to be listed on the TSX-V.
As our Annual Meeting approaches on July 29, we urge all Cliffs shareholders to protect the value of their investment by voting the WHITEproxy card today. As Casablanca Capital continues to campaign for what we believe is a short-term, value-destructive agenda, shareholders need to know the truth about Casablanca’s purported “plan” and lack of experience to lead a commodity company through the trough of the cycle.
Golden Minerals Company is pleased to announce it restarted mining at its Velardena Properties on July 1, 2014.Velardena was previously held in care and maintenance after production was suspended in mid-2013 due to depressed precious metals prices. The Company used the operating down time to conduct a 9,000-meter drilling program and to develop a new mining plan that indicates positive net cash flow from the Velardena Properties after production is ramped up through the second quarter 2015. Planning economics assume precious metals prices of $20per ounce silver and $1,250 per ounce gold.
Fortuna Silver Mines Inc. is pleased to announce results for additional step-out drilling of the Trinidad North discovery located contiguous with the San Jose Mine in Oaxaca, Mexico. Results are included for eleven drill holes completed from April through June of 2014, confirming that the high-grade silver-gold mineralization remains open along strike to the north and to depth.
International Northair Mines Ltd. is pleased to announce that it has now acquired a 100% interest in the six (6) original mineral concessions at the La Cigarra silver project, located in north central Mexico.
First Majestic Silver Corp. is pleased to announce that total production at its five operating silver mines in Mexico for the second quarter ending June 30, 2014 reached a new quarterly record of 3,855,224 equivalent ounces of silver, representing an 18% increase compared to the same quarter in 2013.
Scorpio Mining Corporation reports production from the Nuestra Señora Operations for the second quarter ended June 30, 2014.
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