Tag: Investor’s Corner

Mercator Minerals Ltd. is pleased to announce its production results for the three months and year ended December 31, 2012, along with 2013 expectations for production, capital expenditures and average cash costs(ii) from its wholly-owned Mineral Park Mine in Arizona.

Silver Bull Resources, Inc. is pleased to provide 2012 year-end review and road map for the 2013 calendar year ahead. The Silver Bull management team is focused on advancing the company’s flagship Sierra Mojada silver-zinc project, located in the historic Sierra Mojada mining district in Coahuila State, northern Mexico.

Yamana Gold Inc. today provided preliminary operational results for Q4 and the full year 2012, and updated the Company’s outlook for 2013 – 2015.

Tumi Resources Limited announces that it proposes to undertake a non-brokered private placement financing of up to 12,500,000 units at $0.05 per unit to raise gross proceeds of $625,000. Directors and Officers of the Company will be participating in the private placement financing. Each Unit will consist of one common share and one common share purchase warrant. Each Warrant will entitle holders to purchase one common share of the Company at a price of $0.10 per common share for a period of three years from closing of the private placement financing. The funds raised will be used to fund further work on the Company’s projects in Sweden and Mexico, and for general working capital purposes.

First Majestic Silver Corp. is pleased to announce the Company’s fourth quarter and full year 2012 production results.

DynaResource, Inc., a Resource Investment and Management Company based in Irving, Texas, with a current focus on the San Jose de Gracia high grade gold project in Sinaloa State, Mexico, is pleased to announce that it has completed a Private Placement to existing Shareholders in the total amount of $2,902,930 USD. The Placement consisted of: (a) 138,670 Common Shares at $ 4.00 per Share; and, (b) 469,650 Common Shares at $ 5.00 per Share. The total Placement was for 608,320 Common Shares resulting in Gross Proceeds to the Company of $ 2,902,930 USD. (at an average cost basis of $ 4.77/Share). In addition to the 608,320 Common Shares sold, 939,300 Warrants were granted to purchasers of which; 469,650 Warrants are exercisable at a price of $ 5.00 per Share on or before December 31, 2014, and 469,650 Warrants are exercisable at a price of $ 7.50 per Share on or before December 31, 2015. All Common Shares sold in the Placement, and additional Common Shares to be issued upon exercise of Warrants are to be issued pursuant to Rule 144.

Mercator Minerals Ltd. today announces that the Board of Directors has unanimously approved the voluntary filing of the Form 15F with the United States Securities and Exchange Commission to terminate its SEC reporting obligations and the registration of its common shares under the Securities Exchange Act of 1934, as amended.

Silver Standard Resources Inc. announced the appointment of two additional directors, Mr. Gustavo Herrero and Mr. Steve Reid, to its Board of Directors. The Board approved the appointments to gain additional expertise in the oversight of operations and development activities in Mexico and South America, key areas of focus for the Company. The appointments are effective January 8th, 2013, and bring the total number of directors on the Board to eight.

Local micro-cap explorer Azure Minerals became the darling of the junior mining sector yesterday, jumping more than 250 per cent after declaring a significant copper hit in Mexico.

Goldcorp Inc. updated its production and cost guidance on Monday evening, and the numbers were clear disappointments. Expected production for 2013 is now 2.55 to 2.8 million ounces, down from the prior forecast of 3.2 million (with a notably low target for the Penasquito mine). Cash costs are forecast at US$700 to US$750 per ounce on a co-product basis, well above the 2012 level of US$645 in ounce.