Southern Silver Exploration Corp. plans to issue up to 20,000,000 Units in a non-brokered private placement at a price of $0.08 per Unit to raise proceeds of $1,600,000. Each Unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of five years at an exercise price of $0.08 per share.
Firma Holdings Corp. announces that Tara Gold Resources Corp. is distributing 0.38843 shares of Firma for each outstanding share of Tara Gold. Any fractional shares will be rounded down to the nearest whole share. The Record Date is January 28, 2015, and the Payment Date is February 5, 2015.
Excellon Resources Inc., Mexicos highest grade silver producer, is pleased to announce key additions to its management and technical advisory team. In an ongoing effort to continually improve operations and realize further efficiencies at the Platosa mine, the Company has engaged a team of water management consultants, including Multiurethanes Ltd., Hydro-Ressources Inc., and Technosub Inc.
Sierra Metals Inc. reports production for the fourth quarter and year ended December 31, 2014 from its three underground mines in Latin America, the Yauricocha polymetallic mine in Peru and the Bolivar copper and Cusi silver mines in Mexico.
Gold Resource Corporation declares its monthly instituted dividend of $0.01 per common share for January 2015 payable on February 23, 2015 to shareholders of record as of February 11, 2015. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA.
GoGold Resources Ltd. is pleased to provide an update on the commissioning of its Parral Tailings Project in Mexico. Quarterly production has doubled from 115,667 silver equivalent ounces in the quarter ending September 30, 2014 to 230,240 silver equivalent ounces in the quarter ending December 31, 2014. Cash cost per ounce of silver averaged $5.97 (net of gold credits) and $6.62 per silver equivalent ounce during the quarter ending December 31, 2014. Tonnes stacked on the heap leach pad increased from 82,264 tonnes in November to 148,347 tonnes in December which is near the designed stacking rate of 150,000 tonnes per month.
Timmins Gold Corp. is pleased to report preliminary production results for the Companys fourth quarter ended December 31, 2014. The Company achieved record production of 121,573 gold equivalent ounces for the year and 25,304 gold equivalent ounces* for the fourth quarter.
El Tigre Silver Corp. is pleased to announce that it has completed the shares for debt transaction announced on January 9, 2015 after receiving the approval of the TSX Venture Exchange to settle indebtedness to the Company’s former Chief Financial Officer. Pursuant to the Transaction, the Company issued 168,000 common shares of the Company at a deemed price of $0.25 per Share in settlement of debt in the amount of $42,000. The Shares issued by the Company pursuant to the Transaction are subject to a four month hold period expiring on May 23, 2015.
Excellon Resources Inc, Mexicos highest grade silver producer, reports fourth quarter and annual 2014 production results from the La Platosa Mine in Durango, Mexico.
Mammoth Resources Corp. would like to announce the appointment of Richard Simpson as a director of the Company replacing Marshall Farris, Guy Le Bel and Nigel Kirkwood who have resigned as directors of the Company effective January 21, 2015. The Company thanks Messrs. Farris, Le Bel and Kirkwood for their assistance in directing the activities of the Company during their tenure.
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