Baja Mining Corp. has been informed by Minera y Metalurgica del Boleo, S.A.P.I. de C.V. that, as of January 15, 2013, Kores has advanced an additional US$115 million to MMB for continued construction of the Boleo project.
Alamos Gold Inc. said Thursday there was no new information that would cause it to change its hostile offer for Aurizon Mines Ltd. (TSX:ARZ) following a formal rejection by the company’s board.
Southern Silver Exploration Corp. announces that its board of directors has approved an advance notice policy for the purpose of providing shareholders, directors and management of Southern Silver with a clear framework for nominating directors. The Policy is designed to further Southern Silver’s commitment to: (i) facilitating an orderly and efficient annual general or, where the need arises, special meeting, process; (ii) ensuring that all shareholders receive adequate notice of the director nominations and sufficient information regarding all director nominees; and (iii) allowing shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation.
IMPACT Silver Corp. announces that it has granted incentive stock options under its Stock Option Plan to directors, officers, employees and consultants exercisable for 2,500,000 shares of IMPACT. The options are exercisable on or before January 23, 2018 at a price of $1.20 per share.
Mexican mining and railroad company Grupo Mexico SAB (GMEXICO.MX) said Thursday that it’s proposing to invest $3.5 billion in 2013, including $2 billion in its mining operations, $1 billion in infrastructure and $500 million in its railways.
Coeur dAlene Mines Corporation today announced its intention to offer, subject to market and other conditions, U.S. $200,000,000 of Senior Notes due 2021. The Notes will be fully and unconditionally guaranteed by certain of the Companys subsidiaries. The Company intends to use the net proceeds from the Notes offering to fund internal and external growth initiatives and for general corporate purposes, which may include repurchasing 3.25% Convertible Senior Notes due 2028 that are put to the Company at or after March 15, 2013.
Almaden Minerals Ltd. is pleased to announce the remaining results from the 2012 drill program on the Ixtaca Zone of the Company’s 100% owned Tuligtic project, Mexico. Drilling confirmed the high-grade intersections previously announced on section 11+000E (see Almaden news release of November 26th, 2012) with a new intersection on this section of 60.50 meters of 2.21 g/t gold and 35.8 g/t silver (2.9 g/t gold equivalent). Mineralisation was also traced 50 meters further to the east with intersections on section 11+050E including 100.84 meters of 0.67 g/t gold and 7.5 g/t silver (0.8 g/t gold equivalent). Further drilling is planned to both expand known mineralisation and to define the new high grade zone seen on section 11+000E, the extent and orientation of which are not presently understood.
AuRico Gold Inc. today announced the preliminary results of its “modified Dutch auction” substantial issuer bid to purchase for cancellation up to $300,000,000 of its outstanding common shares.
Prospero Silver Corp. is pleased to announce that it has signed option agreements enabling it to earn 100% of two additional claims, Sucara (71.53 hectares) and Dos Amigos (90.39 hectares), within the northern Cebollas target area of the Baborigame district. With these agreements in place the Baborigame district claim block is essentially 100% controlled and covers all exploration targets identified in the project area. Drilling is anticipated to commence in February.
Alamos Gold Inc. announced today that it has reviewed the Director”s Circular issued by Aurizon Mines Ltd. on January 23, 2013 in response to the offer by Alamos to purchase all of the outstanding common shares of Aurizon.
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