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.
Freeport-McMoRan Copper & Gold Inc. reported fourth-quarter 2012 net income attributable to common stock of $743 million, $0.78 per share, compared with $640 million, $0.67 per share, for fourth-quarter 2011.
Iron ore miner London Mining Plc said full-year production beat its expectations, helped by increased productivity in the fourth quarter, and added that it was on track to expand capacity at its Sierra Leone mine.
Fortuna Silver Mines Inc. is pleased to announce that Compania Minera Cuzcatlan S.A. de C.V. (wholly owned subsidiary of Fortuna Silver Mines Inc.) and Plata Pan American S.A. de C.V. (wholly owned subsidiary of Pan American Silver Corp.) have entered into an acquisition and option agreement for the 6,254 hectare Taviche Oeste Concessions immediately surrounding the San Jose Mine in Oaxaca, Mexico. Cuzcatlan will purchase a 55% undivided interest in the Taviche Oeste Concessions for a cash payment of US$4.0 million. Once a production decision is made to develop ore from the Taviche Oeste Concessions, Cuzcatlan will purchase the remaining 45% undivided interest in the property for US$6.0 million. Plata Pan American will retain a 2.5% net smelter royalty on ore production from this property. The transaction is expected to close January 30th 2013.
Aurcana Corporation is pleased to report the results of the La Negra Mine 2012 underground drill program for drill holes that were not associated with the 43-101 Resource Estimate Report released on October 11, 2012.
Mexico Mining Center © 2021 / All Rights Reserved
