Pan American Silver Corp. produced a record 6.9 million ounces of silver during the fourth quarter of 2012, propelling the Company to a new annual production record of 25.1 million ounces for the full year.
Soltoro Ltd. has completed three additional diamond drill holes at the El Rayo primary silver project in Jalisco, Mexico. A 350 metre-deep hole was completed below the Las Bolas deposit and two holes were completed north of the La Soledad West deposit. At Las Bolas, 91.3 metres of 129 g/t silver equivalent was intersected including 11.2 metres of massive sulphide mineralization grading 537 g/t silver equivalent encountered 318.8 metres down hole. The deep hole at Las Bolas extends mineralization 70 metres down-dip from the nearest hole with a substantial increase in silver grades. At La Soledad, 0.3 metres of 3,320 g/t silver was returned extending the known high grade silver mineralization an additional 60 metres down dip.
Tumi Resources Limited is pleased to announce that further to the Company’s news release of January 9, 2013, the Company has closed the private placement financing and has raised $625,000 through the issuance of 12,500,000 units at $0.05 per unit. Each Unit consists of one common share and one common share purchase warrant. Each Warrant entitles holders to purchase one common share of the Company at a price of $0.10 per common share for a period of three years.
Fresnillo PLC, a primarily silver producer and Mexico’s second largest gold producer, Tuesday reported record annual attributable gold production of 473,034 ounces, up 5.4% year on year, mainly due to the successful first year of operations at Noche Buena and continuous ramp-up at Saucito and said it expects 2013 attributable gold production to reach 490,000 ounces due to ramp-up at Noche Buena.
Fresnillo PLC (FRES.L) reported annual attributable gold production of 473,034 ounces, an increase of 5.4% from last year, exceeding the full-year target of 460,000 ounces, mainly due to the successful first year of operations at Noche Buena and continuous ramp-up at Saucito. Annual attributable silver production of 41Moz, including 4.0Moz from the Silverstream, was in line with the company’s guidance.
Alamos Gold Inc. announced today that it has mailed its formal offer and take-over bid circular and related documents with respect to Alamos’ offer to acquire all of the outstanding common shares of Aurizon Mines Ltd. to Aurizon shareholders.
Toronto-based Sierra Metals (CVE:SMT) Monday saw its shares slide more than three per cent, despite forecasting mostly growth in production for 2013.
Impact Silver Corp. is pleased to provide its year-end review of exploration activities in 2012 at the Royal Mines of Zacualpan District and adjacent Mamatla District in central Mexico.
First Mexican Gold Corp. is pleased to announce that it has signed a non-binding letter agreement with Compañía de Minas Buenaventura S.A.A., pursuant to the terms of which BVN has been granted the right, for a period of 60 days from the signing, to complete due diligence and the right, at BVN’s discretion, to negotiate terms and sign a definitive agreement with FMG to earn a 70% interest in the Company’s 100% owned Guadalupe project. The objective of this proposed transaction is to further develop the Guadalupe property in Mexico, to provide capital for the Company and significantly expand the exploration program. The Company retains the Panda claim block for future exploration.
Aurizon Mines Ltd., a producer of gold in Quebec, rejected a C$780 million ($786 million) unsolicited takeover bid from Alamos Gold Inc. and said it will explore other potential deals.
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