Avino Silver and Gold Mines Ltd. is pleased to announce the May 2013 production results from its San Gonzalo mine and Historic Avino Mine Surface stockpiles operations located on the Avino property near Durango, Mexico.
Seeking Alpha – Layne Christensen Management Discusses Q1 2014 Results – Earnings Call Transcript
Revenue increased by 56.6% to £5.76 million (2011: £3.68 million)
Maiden annual profit before tax of £0.05 million (2011: £1.53 million loss before tax)
Repayment of £500,000 of convertible loan stock with remaining £1 million of convertible loan
stock re-negotiated for a further five years at a coupon of 8% and a conversion price of 1.25p per
Ordinary Share
Cash balances of £0.53 million as at 31 December 2012 (2011: £2.30 million)
Mexico
Lincoln Mining Corporation announces that further to the Company’s news release of September 14, 2012 reporting the arbitration of the Letter Agreement of March 31, 2011 with Elgin Mining Inc., Elgin and Lincoln have signed a full and final Settlement Agreement.
VVC Exploration Corporation is pleased to announce that, further to its news releases of April 12, 2013 and May 1, 2013, it is progressing in its due diligence investigations of Camex Mining Development Group Inc. The parties are in the process of negotiating the definitive agreements pursuant to which the Company intends to acquire all of the issued and outstanding shares of Camex, in exchange for the issuance of 59,900,000 common shares of VVC at closing, subject to adjustments, if any, as mutually agreed upon based on due diligence.
Shares of Kootenay Silver (CVE:KTN) are rising after the silver explorer released drill results from the company’s flagship Promontorio silver project in Mexico, saying it found a high grade silver zone between the pit and the northeast zones.
Red Tiger Mining Inc. announces that it intends to carry out, subject to the approval of the TSX Venture Exchange, a non-brokered private placement to, among other investors, insiders of the Company for gross proceeds of up to CAD$2,000,000 consisting of common shares of the Company at a price of CAD$0.18 per Share. The proceeds will be used by the Company for required capital expenditures and working capital at the Luz del Cobre mine, which is owned by the Company’s wholly-owned subsidiary, Minerales Libertad, S.A. de C.V.
Natural resource company Freeport-McMoRan Copper & Gold (FCX) has appointed three new members to its board of directors.
Baja Mining Corp. has been informed by Minera y Metalúrgica del Boleo, S.A.P.I. de C.V. that a standstill agreement extension with the remaining 2010 Project Financing lenders (excluding US EXIM) covering the period from May 20, 2013 to May 31, 2013 has been formally agreed. MMB continues discussions with the lenders to secure a longer-term standstill agreement and to renegotiate and reactivate the remaining 2010 Project Financing facilities.
Hecla Mining Company announced today that its acquisition of Aurizon Mines Ltd. is complete. The acquisition brings to Hecla the Casa Berardi mine, which is located in Quebec, Canada, and is expected to produce 125,000 to 130,000 ounces of gold in 2013. With the ongoing shaft deepening project and planned future open pit development, the mine is expected to operate for more than a decade. The acquisition also brings several exploration and pre-development projects located in Quebec that could potentially generate future production growth.
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