Octavio Alvidrez, Chief Executive Officer, said: ‘The Group’s performance over the period demonstrates our commitment to maximise sustainable growth through the continued ramp up of Saucito and the new Noche Buena mine.
AuRico Gold Inc. today announced that it has sold its approximate 11.1% equity interest in Endeavour Silver Corp. consisting of approximately 11 million Endeavour common shares, on an underwritten block trade basis, for gross proceeds of C$95 million (approximately US$97 million). The syndicate was jointly led by CIBC, BMO Capital Markets and Dundee Securities Ltd.
California Gold Corp. has completed the majority of its planned 2011-2012 exploration program at its AuroTellurio project near the town of Moctezuma in the state of Sonora, Mexico, and is currently planning a drilling program as a logical follow up to the exploration results generated to date.
Catalyst Copper Corp. today announced an updated Measured plus Indicated Resource of 408 million tonnes grading 0.41% Cu; 0.03 g/t Au; 2.4 g/t Ag at the La Verde copper porphyry deposit in Michoacán State, Mexico. This resource is estimated to contain 3.7 billion lbs of copper; 446,000 oz of gold; 31.7 million oz of silver. In addition, Inferred Mineral Resources are estimated at 338 million tonnes grading 0.37% Cu; 0.02 g/t Au; 1.9 g/t Ag and estimated to contain 2.7 billion lbs of copper; 250,000 oz of gold; 21.0 million oz of silver.
OTC Markets Group Inc., operator of Open, Transparent and Connected financial marketplaces, today announced that Esperanza Resources Corp. (OTCQX: ESPZF; TSX.V: EPZ), a mineral exploration company, is now trading on the highest OTC marketplace, OTCQX®.
SilverCrest Mines Inc. is pleased to announce production figures for the third quarter of 2012 from its 100% owned Santa Elena Mine located in Sonora, Mexico.
Baja Mining Corp. announces that the Korean Consortium has advanced additional US$13.3 million to Minera y Metal¨²rgica del Boleo S.A. de C.V. for the construction of the Boleo Project.
Excalibur Resources Ltd. is pleased to announce that it has initiated a regional exploration work program on the claims owned by its 49% owned subsidiary Minera Catanava S.A. de C.V. which is 51% owned by Minera Apolo S.A de C.V. In parallel with the results of ‘bulk samples’ processed through the recently completed gravimetric plant, the focus of the work program is to systematically map, sample and drill the current areas of mining, namely the Camino and San Gil veins, as well as the future areas of production and mineralized zones in order to establish an NI 43-101 compliant resource. Continuous chip channel sampling of veins in underground workings and at surface will be a key component of the work program.
International Northair Mines Ltd. is pleased to announce the receipt of continued positive results from the latest metallurgical test work carried out on samples from the La Cigarra silver project, located in north central Mexico. Recoveries of silver range from 85% to 90%.
Minaurum Gold Inc. is pleased to report that it has amended the terms of its option agreements on the Jackie and El Porfido projects. The amended terms extend the payment schedule and provide Minaurum with increased flexibility managing its cash resources as it advances its projects in the Guerrero Gold Belt toward drilling.
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