Tag: Investor’s Corner

Amato Exploration Ltd. announces the approval and adoption by its Board of Directors of an advance notice policy. The purpose of the Policy is to provide shareholders, directors and management of the Company with a clear framework for nominating directors of the Company. The Company is committed to: (i) facilitating an orderly and efficient annual general or, where the need arises, special meeting, process; (ii) ensuring that all shareholders receive adequate notice of the director nominations and sufficient information regarding all director nominees; and (iii) allowing shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation. The Policy is intended to further these objectives.

Joe Phillips has been appointed to senior vice president and chief development officer where he will oversee all of Coeur’s capital projects, including the new La Preciosa Project in Mexico, which is the major asset of Coeur’s pending acquisition of Orko Silver Corp., subject to Orko shareholder approval and other closing conditions. In addition, William N. “Bill” Holder has been appointed vice president of health and Safety and will be responsible for designing and implementing the company’s global safety and health systems and programs and improving health and safety performance company-wide.

Oremex Silver Inc. announces it has voluntarily provided notice to the OTCQX to temporarily remove its shares from trading on the QX platform. The company’s shares will continue to trade on the OTC under the trading symbol OTC PINK: ORAGF. The change will be effective upon the market opening (10:00 am EST.) on March 22, 2013. This has no effect on the company’s listing on any other stock exchange. The company will continue to trade as usual on the TSX Venture Exchange under the symbol OAG and on the Frankfurt Stock Exchange under the symbol OSI.

Primero Mining Corp. today confirmed that the Australian Securities and Investments Commission has registered the Scheme Booklet for the proposed transaction with Cerro Resources NL.

(Reuters) – Mexican miner Grupo Mexico will produce 850,000 tonnes of copper in 2013, the company’s chief financial officer Daniel Muniz said on Thursday.

A NEW developing mining district in the state of Guerrero, Mexico, the Guerrero Gold Belt, has attracted some exciting explorers that have unearthed key discoveries. While several companies have gone on land-grabbing sprees, there’s still good news: the Guerrero is growing.

Coeur d’Alene Mines Corporation today announced that Joe Phillips has been appointed to Senior Vice President and Chief Development Officer where he will oversee all of Coeur’s capital projects, including the new La Preciosa Project in Mexico, which is the major asset of Coeur’s pending acquisition of Orko Silver Corp., subject to Orko shareholder approval and other closing conditions. In addition, William N. (Bill) Holder has been appointed Vice President of Health and Safety and will be responsible for designing and implementing the Company’s global safety and health systems and programs and improving health and safety performance Company-wide.

Mercator Minerals Ltd today announced its financial results for the three months and year ended December 31, 2012. For 2012 the Company reported revenues of $262.6 million, an operating profit of $24.7 million before the El Creston asset impairment charge*, a net loss of $128.7 million (loss of $0.48 per share, basic) or an adjusted net loss* of $1.2 million ($nil per share). Included in the net loss is the $119.8 million (or $0.44 per share) non-cash accounting charge for the impairment of the El Creston project. Cash flow from operations, before non-cash working capital changes, was $20.6 million in 2012. For the fourth quarter of 2012, the Company reported revenues of $77.6 million, with operating profit of $10.6 million before the El Creston asset impairment charge*, net loss of $115.2 million ($0.43 per share, basic) or income of $4.4 million ($0.02 per share) on an adjusted net income* basis. The net loss recorded during the fourth quarter includes the previously mentioned write-down of the El Creston project. Cash flow from operations before non-cash working capital changes were $9.8 million in the fourth quarter of 2012.

Arianne Resources Inc. announces that it intends, subject to regulatory approval, to amend the terms of 4,000,000 common share purchase warrants issued as part of its private placement in April 2011. Each of the Warrants, which were part of the units being issued, entitled its holder to purchase one common share of Arianne at an exercise price of $1.50 per Common Share expiring on April 29, 2013. None of the Warrants were exercised since issuance.

Last week, Alamos chief executive John McCluskey warned that he would drop his bid for Aurizon if the British Columbia Securities Commission did not cease-trade the $27.2-million break fee that Alamos would have to pay Hecla.