Aura Minerals Inc. announces that Mr. J. Britt Reid has departed as Executive Vice President and Chief Operating Officer effective July 13, 2012. The Board of Directors and Management thank Mr. Reid for his contributions to the Company over the past three years and wish him success in his future endeavours.
In May, Baja retained BMO Capital Markets to assist in considering financing options and possible sources of funding. Non-disclosure agreements were signed by a number of interested parties, who were granted access to Baja’s data room and attended management presentations. A draft independent engineering report prepared by SRK was recently provided to parties participating in the BMO process.
Great Panther Silver Limited reports second quarter (“Q2”) production results from its two wholly-owned Mexican silver mining operations, Guanajuato and Topia.
Timmins Gold Corp. Further to its news release of June 21, 2012, the Company is pleased to announce it has closed the amendment to its C$18 million credit agreement with Sprott Resource Lending Partnership.
International Northair Mines Ltd. is pleased to announce that it has closed its non-brokered private placement with the issuance of 21,784,344 Units at a price of $0.28 per Unit for gross proceeds of $6,099,616.42. All amounts are in Canadian dollars.
Capstone Mining Corp. today announced its operating results for the three and six months ended June 30, 2012 for its two operating mines, Cozamin and Minto. Combined production totalled 21.9 and 40.5 million pounds of copper in concentrates in the second quarter and first six months, respectively, with additional by-products of lead, zinc, silver and gold.
Endeavour Silver Corp. announces that the Company’s silver and gold production from the Company’s two operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State, continued to climb in the Second Quarter, 2012.
Bowmore Exploration Ltd. is pleased to announce that it has negotiated, subject to regulatory approval, a non-brokered private placement for total gross proceeds of up to $1,400,000. The Private Placement will consist of up to 5.6 million common shares at a price of $0.25 per common share.
Silver Standard Resources Inc. announced today that it has signed two additional long term silver concentrate sales contracts, completing its sales strategy. The new contracts total approximately 500 tonnes of silver concentrate per month and position the company to begin drawing down excess silver concentrate inventory. During the second half of 2012, the Company will sell silver concentrate into four long term contracts and will continue with spot sales. Shipments under the new contracts are scheduled to begin in July.
Canadian gold mining giant Goldcorp Inc. ( GG ) late Tuesday lowered its full-year production forecast, sending its shares sliding in aftermarket trading.
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