Timmins Gold Corp. announces that Keith Peck has resigned as a director of the Company. The Company would like to thank Mr. Peck for his contributions to the success of the Company.
Mexicos proposed tax bill would reduce the burden on Petroleos Mexicanos to provide the worlds fifth-largest crude producer more flexibility as output declines, while increasing mining royalties to improve government revenues.
Major Drilling Group International Inc. today reported results for its first quarter of fiscal year 2014, ended July 31, 2013.
Coeur Mining, Inc. today announced that Hans Rasmussen has joined the Company as Vice President of Exploration effective September 9, 2013. Mr. Rasmussen takes over the senior exploration role from Don Birak who has served Coeur in that capacity since 2004.
Bacanora Minerals Ltd. announces today that Rare Earth Minerals PLC, the Company’s joint venture partner in respect of the El Sauz and Fleur lithium concessions in northern Mexico, has satisfied its funding obligations in connection with REM’s exercise of its option to increase its ownership in the Concessions from 10% to 30%. In accordance with the Company’s joint venture agreement with REM, the Company has received a payment of US$500,000, together with the deposit of U.S.$1 million, the latter of which will be used for the Stage 2 exploration and drilling programme on the Concessions. REM’s equity in the Bacanora subsidiary, MEXILIT SA de CV, which will hold the Concessions, will now increase from 10% to 30%.
McEwen Mining Inc. is pleased to announce that it has strengthened its management team with the recent hiring of Craig Stanley as Vice President – Corporate Development.
Goldcorp Inc. is pleased to declare its ninth monthly dividend payment for 2013 of $0.05 per share. Shareholders of record at the close of business on Thursday, September 19, 2013 will be entitled to receive payment of this dividend on Friday, September 27, 2013.
Freyja Resources Inc. is pleased to announce that pursuant to the terms of the amended and restated pre-acquisition agreement entered into between Freyja and Cyprium Mining Corporation dated effective July 31, 2013, Freyja has agreed to extend the expiry date of Freyja’s offer to acquire, by way of a take-over bid, all of the issued and outstanding common shares of Cyprium from September 6, 2013 until 12:00 p.m. (Calgary time) on September 16, 2013. For further details regarding the Offer, please see Freyja’s press releases dated June 18, 2013, August 1, 2013 and August 9, 2013.
Amarium Technologies Inc., through its wholly owned subsidiary Amarium Minerals Inc., reports that the Company has received USD$4.5 million from Anglo-Asia Resource Partners, representing the first installment of payments in their previously announced Copper Stream Agreement. Anglo-Asia is a private Hong Kong based partnership that is focused on procuring precious and base metals for the Asian market. On June 5th, 2013, Amarium entered into a Copper Stream Agreement with Anglo-Asia, for an initial payment of US$8.75 million. A second installment of USD$4.25 million is expected to be completed later this fall, as the expansion project at the Jovita mill continues to progress. Under the terms of the Copper Stream Agreement, Anglo-Asia is entitled to 18% of the monthly production at Jovita, but is also required to make ongoing payments of $0.75 per pound of copper.
Riverside Resources Inc. is pleased to announce that an additional $300,000 has been received from its alliance partner, Hochschild Mining Plc, for target definition at the Company’s Clemente project in Sonora, Mexico. The additional funds will be used to carry out further mapping, geochemistry and trenching work this fall to refine targets ahead of potential drill testing in early 2014. Target Definition funding will provide Riverside and Hochschild an opportunity to further evaluate and advance Alliance properties as potential Designated Projects before entering the earn-in stage of the agreement. Once a project is selected as a DP, Hochschild can earn a 65% interest by spending $5M in exploration over four years and making a one-time cash payment to Riverside of $3M.
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