Tag: Investor’s Corner

Virgin Metals Inc. announces that further to its press release of April 17, 2014, management of the Company has decided to implement the consolidation of the fully paid and issued common shares of the Company on the basis of one (1) post-consolidation common share for each ten pre-consolidation common shares issued and outstanding as approved by the shareholders of the Company at the special meeting of Shareholders held on April 16, 2014.

Fortuna Silver Mines Inc. announces that Mr. Tomas Guerrero has tendered his resignation from the board of directors of Fortuna. After over forty years of leadership in the mining industry, including joining the Fortuna board in 2005, Mr. Guerrero’s decision to resign stands from his desire to dedicate his time to family and personal business.

Golden Minerals Company announces results for the quarter ending March 31, 2014.

First Quantum Minerals Ltd. today announced comparative net earnings1 for the three months ended March 31, 2014 of $126.8 million or $0.22 per share inclusive of $26.7 million or $0.05 per share of unfavorable, recurring acquisition-related adjustments.

Candente Copper Corp. is pleased to announce, subject to regulatory approval, that it has agreed to carry out a non-brokered private placement to raise gross proceeds of approximately Cdn$1,000,000.

Agnico Eagle Mines Limited today reported quarterly net income of $108.9 million, or $0.63 per share for the first quarter of 2014. This result includes a non-cash foreign currency translation gain of $8.3 million ($0.05 per share), non-cash stock option expense of $9.5 million ($0.05 per share) and other non-recurring gains of $3.3 million ($0.02 per share). Excluding these items would result in adjusted net income of $106.8 million, or $0.61 per share. In the first quarter of 2013, the Company reported net income of $23.9 million, or $0.14 per share.

New Gold Inc. today announces first quarter 2014 operational and financial results. The company produced 91,317 ounces of gold at record-low all-in sustaining costs of $674 per ounce, resulting in strong free cash flow generation.

Maxim Finskiy, 22 Tverskaya, Ulitsa, Moscow 125009, Russia, announces that, pursuant to a private placement financing he acquired, through MMC Holding, 6, rue Eugene de Ruppert L-2453, Luxembourg, Grand Duchy of Luxembourg, a company controlled by him, beneficial ownership of and/or control or direction over 10,928,181 common shares of Red Tiger Mining Inc., representing approximately 9.7% of the issued and outstanding common shares of Red Tiger. Finskiy paid CDN$0.055 per Red Tiger common share pursuant to the Private Placement.

Gold Resource Corporation has completed a reserve study and issued a report demonstrating proven and probable reserves consistent with Industry Guide 7 promulgated by the U.S. Securities and Exchange Commission for its La Arista Underground Mine on the El Aguila Project with 381,400 ounces of precious metal gold equivalent (AuEq) at an average grade of 8.76 grams per tonne AuEq.Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico.The Company has returned over $96 million to shareholders in monthly dividends since declaring commercial production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

La compañía explicó en su reporte que debido a que la producción de oro no creció y la de cobre bajó 2 por ciento, sus ventas totales disminuyeron en 21 por ciento, a un total de 2 mil 499 millones de pesos.