Kimber Resources Inc. today announced two new appointments to its management team: David (Dave) Hembree as Vice President, Exploration and James (Jim) McKay as Vice President, Project Development for the Monterde Project, as well as the resignation of Mr. Currie as COO.
Mexican precious metals producer Fresnillo PLC (FRES.LN) expects mining cost inflation at 7%-8% this year due to higher costs for imported goods such as explosives and higher local costs such as labor and diesel, the company’s chief executive said Tuesday.
Southern Copper Corporation announced today a quarterly dividend of 24 cents per share of common stock, payable on Aug 28, 2012, to shareholders of record at the close of business on Aug 15, 2012.
Riverside Resources Inc. announces that it has acquired ownership of and control over 1,550,388 common shares of Sierra Madre Developments Inc. representing approximately 2.18% of the issued and outstanding common shares of Sierra Madre. As a result, Riverside now has ownership and control over 8,409,656 common shares of Sierra Madre, representing approximately 11.8% of Sierra Madre’s issued and outstanding shares.
Fortuna Silver Mines Inc. is pleased to announce the appointment of Mr. Robert Brown as Vice President of Corporate Development effective August 1st, 2012.
Agnico-Eagle Mines Ltd announced its financial results for the three and six months ended June 30, 2012. Net income of $43.3 million or $0.25 per share was reported for 2Q, compared to $68.8 million net income or $0.41 per share for 2Q 2011. For the first six months of 2012, net income was $121.8 million or $0.71 per share, compared to $114.1 million or $0.68 per share for the first six months of 2011. Revenues for the first six months of 2012 were $390.6 million, compared to $337.6 million for the same period in 2011.
Baja Mining Corp. (BAJ.TO) has dropped 19% to a new year low of 6.5 cents, on volume 2.7 million.
Avino Silver & Gold Mines Ltd. is pleased to announce that the Company’s shares will resume trading on Monday morning, July 30, 2012 on both TSX Venture Exchange and NYSE-MKT.
Says Korean consortium has committed to contribute amount by Aug. 30
* Says stake to fall to 49 pct when consortium pays half the amount
* Says second stage of financing not yet committed
* Shares rise as much as 12 pct
Steel bellwether ArcelorMittal (MT – Analyst Report) blew past the earnings estimates in the second quarter of 2012, but difficult economic conditions and softness in the steel industry led it to issue a cautious outlook for the rest of the year.
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