Capstone Mining Corp. today provided its production and capital expenditure guidance for 2015. Capstone expects to produce 90,000 tonnes (±5%) of copper in concentrates and cathode from its Pinto Valley, Cozamin and Minto mines at a C1 cash cost of $2.00 to $2.10 per pound of payable copper produced.
At the request of IIROC, Sutter Gold Mining Inc. wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity.
Pan American Silver Corp. produced 6.75 million ounces of silver at its seven operating mines during the fourth quarter of 2014, posting a silver production record of 26.11 million ounces for the full year. In addition, the Company produced 43,900 ounces of gold during the fourth quarter of 2014, boosting the Company’s consolidated gold production to an annual record of 161,500 ounces, an 8% increase compared to 2013.
Argonaut Gold Inc. announces today that its Board of Directors has adopted a shareholder rights plan agreement. The Shareholder Rights Plan is effective immediately and is subject to ratification by shareholders of Argonaut Gold at its 2015 annual shareholder meeting. The Shareholder Rights Plan is also subject to the approval of the Toronto Stock Exchange. The Shareholder Rights Plan was not adopted in response to any specific proposal or intention to acquire control of Argonaut Gold. The Shareholder Rights Plan is similar to rights plans adopted by other Canadian companies and ratified by their shareholders.
Oremex Silver Inc. today announced that it has filed its unaudited condensed consolidated interim financial statements and the related interim management discussion and analysis for the three month period ended February 28, 2014, the three and six month period ended May 31, 2014 and the three and nine month period ended August 31, 2014 (collectively, the “Interim Filings”). The Interim Filings are intended to bring the Company up to date with its continuous disclosure obligations and the Company intends to apply to the TSX Venture Exchange for the reinstatement of trading of its common shares.
Aura Minerals Inc. is pleased to announce preliminary 2014 fourth quarter and full year production results and guidance for 2015 production and capital expenditure. All dollar figures are in United States dollars unless otherwise indicated.
Further to the News Release dated January 12, 2015 Morro Bay Resources Ltd. is pleased to announce the Company and Riverside Resources Inc. have agreed in principle to terms for an amendment to the option on the Peñoles Gold-Silver Project located in the Peñoles Mining District, Durango, Mexico. A further news release will follow.
Paget Minerals Corp. wishes to announce that it has entered into a debt settlement agreement with a creditor of the Company pursuant to which the Company has agreed to issue an aggregate of 882,968 common shares at a deemed price of $0.05 per Share in order to settle certain obligations of the Company under an option agreement dated August 17, 2012, as amended on April 25, 2013. The Company decided to satisfy this outstanding indebtedness with Shares in order to preserve its cash for operations.
War Eagle Mining Company Inc. announces that at its Annual and Special Meeting of Shareholders held on January 15, 2015, all resolutions proposed to shareholders were duly passed, including election of directors, approval of the 2014 Stock Option Plan and disinterested shareholders approval respecting the issuance of 1,400,000 common shares relating to a debt settlement in October 2014 of $70,000 of debt due to two insiders of the Company. During the meeting, Thomas R. Atkins, Paul A. Carroll and Donald Padgett were re-elected to the Board of Directors. In addition, Malcolm P. Burke was elected as a new independent Director to the Board.
Orex Minerals Inc. announces that it has closed a non-brokered private placement offering of 4,800,000 common shares of the Company at a price of $0.25 per share for gross proceeds of $1,200,000. Orex intends to use the net proceeds of the Private Placement for continued exploration and development of its Los Crestones Property located in Sinaloa, Mexico and for general corporate and working capital purposes.
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