Scorpio Mining Corporation reports that production from the Nuestra Señora Operations in the second quarter ended June 30, 2013 totalled 439,567 silver equivalent ounces.
Almaden Minerals Ltd. is pleased to announce that it has closed a non-brokered private placement by the issuance of 4,376,000 units at $1.25 per Unit to a small group of Mexican and Mexican focussed strategic investors. Each Unit consists of one common share and one non-transferable common share purchase warrant. Each Warrant allows the holder to purchase one common share at a price of $1.50 per common share until January 17, 2015 and, thereafter, at a price of $1.80 per common share until July 17, 2016. A finder’s fee of $232,500 in cash and finder’s warrants to purchase up to 186,000 common shares at a price of $1.50 per common share until July 17, 2016 was paid on a portion of the placement.
Mexican precious metals producer Fresnillo PLC said Wednesday that a court ordered stoppage of its majority-owned Dipolos open pit mine won’t have a material economic impact on the company.
Freyja Resources Inc. is pleased to announce that it has received the conditional approval of the TSX Venture Exchange to the proposed offer to acquire, by way of a take-over bid, all of the issued and outstanding common shares of Cyprium Mining Corporation subject to fulfillment of ordinary conditions for transactions of this nature.
SilverCrest Mines Inc. is pleased to announce production numbers for the second quarter of 2013 from its 100% owned Santa Elena Mine located in Sonora, Mexico.
Sierra Metals Inc. is pleased to announce a new silver resource estimate on its Cusihuiriachic Property (Cusi), Chihuahua State, Mexico. These resources are in two areas of the Cusi mine currently in commercial production, Promontorio and Santa Eduwiges, as well as in two prospective areas, La India and San Juan, where the company is doing underground development. This resource estimate was prepared by Gustavson Associates, LLC (Gustavson) of Lakewood, Colorado.
Southern Silver Exploration Corp. reported today that its wholly owned subsidiary, Minera Plata del Sur, S.A. de C.V., under the direction of Freeport-McMoRan Exploration Corporation, has completed an initial eight core hole, 3445 metre drill program on the companys Cerro Las Minitas project located in Durango, Mexico. Freeport-McMoRan Exploration Corporation holds a right to acquire up to a 70% indirect interest in the project.
Excalibur Resources Ltd. is pleased to report the results of two mineralogical studies on stockpiled ore samples collected on the Company’s Catanava property in Pinos, Zacatecas State, Mexico. The studies were completed by Terra Mineralogical Services Inc., the purpose of which is to better understand the ore characteristics and to provide some expected gold and silver recovery estimates. The results of the study indicate that the gold and silver recoveries will be maximized through a combination of a moderate fine primary grind and flotation. The assay results from SGS Lakefield are shown in the following table.
Red Tiger Mining Inc. announces that it has received and accepted the resignation of Mr. Sergey Yanchukov from the Board of Directors. Mr. Yanchukov’s resignation is effective immediately.
Fresnillo Plc – Production Report for the three months ended 30 June 2013
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