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.
El Tigre Silver Corp. is pleased to report that drilling has started as scheduled with MAJOR DRILLING DE MEXICO, S.A. DE C.V. at its El Tigre silver-gold property in northern Sonora, Mexico.
Canarc Resource Corp. announces that it has closed the final tranche of its previously announced non-brokered private placement.
War Eagle Mining Company Inc. has entered into an agreement dated January 11, 2013 with Toronto-based Andromeda Resources Inc., which is a private company incorporated in Ontario. The agreement contemplates that pursuant to a so-called “triangular merger” the shareholders of Andromeda (other than War Eagle) will exchange each issued and outstanding common share of Andromeda held by them for 0.897 common shares of War Eagle such that the shareholders of War Eagle on the effective date of the merger will own approximately 80% of the outstanding shares of War Eagle and the shareholders of Andromeda (other than War Eagle) will own the remaining 20%. Andromeda will continue as a wholly-owned subsidiary of War Eagle.
Sierra Metals Inc. is pleased to announce its 2012 annual and fourth quarter production results and to issue production guidance for 2013.
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