Minefinders Corp, which in January agreed to be bought by Pan American Silver in a $1.5 billion deal, reported late Thursday that it swung to a fourth quarter profit as gold and silver production increased and precious metals prices rose.
Colibri Resource Corporation is pleased to announce progress on its Ramard silver project located near the municipality of Carbo, State of Sonora, Mexico. Colibri recently completed a comprehensive exploration program over the Ramard property, which included geologic mapping, a systematic rock and soil geochemical sampling program, and a ground-based 3D Induced Polarization geophysical survey.
Newstrike Capital, Inc. is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. and including GMP Securities L.P., Scotia Capital Inc., Euro Pacific Canada Inc., Desjardins Securities Inc., Macquarie Capital Markets Canada Ltd. and Raymond James Limited pursuant to which the Underwriters have agreed to purchase 8,000,000 common shares of the Company on a bought deal private placement basis at a price of $3.10 per Common Share.
ABOT Mining is pleased to announce potential production of up to 900,000 ounces of Au from processing of approximately 400,000 tons ores available on our JV Partner Mexican gold property. As reported earlier, initial flotation engineering results from the surface of the ore indicated a recovery value of 89.00% of the Au and showed 2.51 ounces of Au per metric ton of ore. This cumulative ore tonnage represents possible production of over $1.5 billion in today’s gold prices.
Gold Resource Corporation declares its instituted monthly dividend of $0.05 per common share for February 2012 payable on March 23, 2012 to shareholders of record as of March 12, 2012. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico.
ASX-listed Azure Minerals has started a prefeasibility study (PFS) on its Promontorio copper-gold-silver project, in Mexico.
Paramount Gold and Silver Corp. today reported some of the highest silver grades yet discovered at its 100% owned San Miguel Project in Mexico. Nine new in-fill holes drilled into the fast-growing San Antonio silver deposit returned intercepts of 20.1 meters grading 201.89 g/T of silver and 11.45 meters grading 418.21 g/T of silver. Eight of the nine holes intersected significant values, continuing the high success rate of recent months on the San Miguel Project.
Alamos Gold Inc. reports financial results for the fourth quarter and year-ended December 31, 2011 and provides a review of its operations, exploration and development activities.
HIGHLIGHTS
Considerable growth in underlying EBITDA despite a volatile market environment
· Underlying EBITDA of EUR 265 million, up 26% in 2011 compared to 2010.
· Solid financial position with gearing1 of 35% as at 31 December 2011.
· Proposed distribution of EUR 0.16 per share via a share capital reduction.
Silver Bull Resources, Inc. is pleased to announce the appointment of Joshua Crumb and John McClintock to the Board of Directors. With the addition of Mr. Crumb and Mr. McClintock, Silver Bull increased the size of the Board from six to eight members. Two current Board members, Dr. Nicole Adshead-Bell and Duncan Hsia will not stand for reelection to the Board at the next annual meeting of shareholders planned for April of this year thereby reducing the Board back to six members after the AGM. In advance of the AGM Silver Bull would like to thank Dr. Adshead-Bell and Mr. Hsia for their very valuable input as directors of Silver Bull and wish them well for their future endeavours.
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