Tag: Investor’s Corner

For the year ending December 31, 2014 Golden Minerals recorded revenue of $0.2 million and costs of metals sold of $1.7 million at the Velardena Properties in Mexico for a negative gross margin of $1.5 million. Included in the cost of metals sold is a $1.2 million write down of finished goods inventory to estimated net realizable value. Revenue and cost of sales figures reflect approximately two months of testing the refurbished plant and processing of low grade material primarily mined for development. Mining recommenced in July 2014 and processing in November 2014 after mining activity was suspended in June 2013. The Company recorded a 2014 net loss of $18.8 million.

Morro Bay Resources Ltd. announces it has filed its Q1, 2015 consolidated condensed interim financial statements and the related managements discussion and analysis of those financial statements. Copies of the Financial Statements and MD&A can be viewed at www.sedar.com or on the Companys website at www.morrobayresources.com.

Tarsis Resources Ltd. has entered into lockup agreements with Estrella Gold Corporation officers, directors and large shareholders pursuant to which the parties agreed to refrain from selling or transferring an aggregate of 22,907,325 shares of Estrella’s common stock they own, representing 49.1% of the total issued and outstanding Estrella’s shares, until the Plan of Arrangement between Tarsis and Estrella has been completed and the new entity is formed.

Source Exploration Corp. is pleased to announce that it has closed its previously announced non-brokered private placement of 12,725,000 units at a price of $0.08 per Unit for gross proceeds of $1,018,000.

SilverCrest Mines Inc. announced today that N. Eric Fier, President and Chief Operating Officer, has taken a partial leave of absence to deal with certain matters of personal health. Dunham L. Craig, Director, has been appointed Interim President and will assume the President’s responsibilities on a temporary basis until further stages of a succession plan developed by the Board of Directors can be implemented. Mr. Fier will remain as COO and Director of SilverCrest…

Mexichem, S.A.B. de C.V. today announced its unaudited results for the fourth quarter and Full Year ended December 31, 2014. The figures have been prepared in accordance with International Financial Reporting Standards having US dollars as the functional and reporting currency. All comparisons are made against the same period of the prior year, unless specified to the contrary.

Gold Resource Corporation declares its monthly instituted dividend of $0.01 per common share for February 2015 payable on March 23, 2015 to shareholders of record as of March 11, 2015. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA.

Colibri Resource Corporation today announced that, at its Annual and Special Meeting of shareholders to be held on Friday, March 20, 2015, the Company will be seeking shareholder approval for a resolution authorizing the consolidation of its Common Shares on a basis of one post-consolidation Common Share for up to 15 pre-consolidation Common Shares. It will be proposed, that for each 15 Common Shares currently held by a Colibri shareholder….

Radius Gold Inc. is pleased to provide an update on the status of its previously announced proposed change of business from a Mining Issuer to an Investment Issuer, as described in the Company’s press release of January 7, 2015.

Source Exploration Corp. is pleased to announce an update to the previously announced non-brokered private placement of up to 10,000,000 units of the Company consisting of one common share of the Company and one half of one common share purchase warrant at a price of $0.08 per Unit for gross proceeds of up to $800,000. The Private Placement has been oversubscribed and the Company will increase the size of the Private Placement to issue up to a total of 12,725,000 Units at a price of $0.08 per Unit for gross proceeds of $1,018,000. All conditions previously announced will remain the same in the revised offering.