Sonora Director Resignation and New Appointment to the Board
Sonora Gold & Silver Corp. announces that effective today, Mr. Paul Matysek has resigned from the Board to focus on his other business commitments.
Sonora Gold & Silver Corp. announces that effective today, Mr. Paul Matysek has resigned from the Board to focus on his other business commitments.
Gold Resource Corporation declares its monthly instituted dividend of $0.03 per common share for June 2013 payable on July 23, 2013 to shareholders of record as of July 11, 2013. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico.
–election of Diego Benalcazar, Paul Roberts, James Rogers and John Seaman
to the board of directors of the Company;
–appointment of Grant Thornton LLP as auditors of the Company for the
ensuing year and authorization of the directors to fix their
remuneration;
–approval of the Company’s stock option plan;
–amendment of By-Law No. 1 of the Company relating to the advance notice
provision;
–changing the name of the Company to “Sendero Mining Corp.” (the “Name
Change”); and
–consolidating the issued and outstanding common shares of the Company
into 20,000,0000 common shares (the “Consolidation”).
San Marco Resources Inc. announces the adoption by its Board of Directors of an Advance Notice Policy in respect of the election of directors.
AuRico Gold Inc. today announced the appointment of Mr. Alan Edwards as non-executive Chairman of the Board effective July 1, 2013. Mr. Edwards was appointed as an independent director on May 13, 2010 and has served as Chair of the Sustainability Committee.
Monarchy Resources, Inc. today announced that the company has appointed Steve Staehr as its new President and Chief Executive Officer.
Guerrero Exploration Inc. has received the title certificates for its 100% owned Cibola and Coatepec concessions, and expects the Olinala concession to be granted in the coming months.
Capstone Mining Corp. today announced its financial results for the year ended December 31, 2012. Net earnings for the year were $59.6 million and operating cash flow before changes in working capital was $114.4 million. Net earnings for the fourth quarter were $18.5 million and operating cash flow before changes in working capital was $24.7 million. Capstone ended the year with cash on hand of $499.9 million, a $200 million credit facility and no long-term debt. Copper production for the year at Capstone’s two operating mines, Cozamin and Minto, totalled 82.8 million pounds in concentrates (79.6 million pounds of payable copper) at a total cash cost of $1.50 per payable pound of copper produced.
Aurcana Corporation is pleased to announce that it has accepted an indicative terms sheet from RK Mine Finance, part of the Red Kite Group, one of the largest metal merchants in the world, for an unsecured 3 year loan facility of $50 million and silver Offtake Agreement for the silver produced at the Shafter mine.
Goldgroup Mining Inc. announced today that its Board of Directors has appointed Chairman & Director, Mr. Keith Piggott, as President and Chief Executive Officer, replacing Dr. Hans von Michaelis. Dr. von Michaelis has resigned as the Company’s President and CEO to pursue other business interests but remains a committed member of its Board of Directors. Mr. Piggott has a proven track-record of operating companies efficiently through difficult economic times and is also the Company’s largest shareholder.
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