Month: March 2011

Capital Gold Corporation Reports a 51% Increase in Revenue for Second Quarter

Capital Gold Corporation today reported a 51% increase in revenue for the quarter ending January 31, 2011, compared to the prior year’s period. Net income for the six months ended January 31, 2011 and 2010 was approximately $8,242,000 and $5,884,000, respectively, representing an increase of approximately 40% over the prior period. During the quarter, 14,573 ounces of gold were sold at an average price of $1,375 per ounce.

TSX Plunges At Open Tuesday

Toronto stocks plummeted at open Tuesday amid a global sell-off after Japan warned of further radiation leaks. The S&P/TSX Composite Index was down 272.12 points or 2.00 percent to 13,347.07.

Alamos Announces 43% Increase in Semi-Annual Dividend

TORONTO, ONTARIO–(Marketwire – March 14, 2011) – Alamos Gold Inc. (TSX:AGI) (“Alamos” or the “Company”) is pleased to announce that the Company’s Board of Directors has authorized an increase to its semi-annual dividend to $0.05 per common share.

Semi-Annual Dividend

As part of the Company’s long-term strategy to maximize shareholder value, the Board of Directors has declared a semi-annual dividend of $0.05 per common share. This represents a 43% increase from the Company’s last semi-annual dividend of $0.035 per common share declared in October 2010. The dividend is payable on May 2, 2011 to shareholders of record as of the close of business on April 15, 2011.

This dividend qualifies as an “eligible dividend” for Canadian income tax purposes.

Silver Predator Closes Definitive Agreements; Receives Conditional Toronto Stock Exchange Listing Approval

Vancouver, British Columbia, March 14, 2010: Silver Predator Corp. (CNSX: SPD) (“Silver Predator” or the “Company”) is pleased to announce that it has closed the previously announced definitive agreements with Golden Predator Corp. (TSX:GPD “Golden Predator”), Rockhaven Resources Ltd. (TSX-V:RK “Rockhaven”) and Strategic Metals Ltd. (TSX-V:SMD “Strategic”) under which it has acquired interests in 20 predominantly silver exploration and development properties located in Yukon, Nevada, Mexico and British Columbia (the “Transactions”), and has also received the conditional approval of the Toronto Stock Exchange (“TSX”) to list the Company’s common shares.

Endeavour Silver to Release Fourth Quarter 2010 Financial Results on Tuesday March 22nd; Conference Call Scheduled for the Same Day

March 14, 2011 – Vancouver, Canada – Endeavour Silver Corp. (TSX: EDR) (NYSE EXK) (DBFrankfurt: EJD) plans to release its Fourth Quarter, 2010 financial results on Tuesday March 22, 2011 prior to the market open.

A conference call to discuss the results will be held at 10:00 AM Pacific Time (1:00 PM Eastern Time) on the same day, Tuesday March 22, 2011. To participate in the conference call, please dial the following:

Pinetree Capital Ltd. Acquires Securities of Southern Silver Exploration Corp.

TORONTO, ONTARIO–(Marketwire – March 11, 2011) – Pinetree Capital Ltd. (TSX:PNP), announces that through a series of transactions ending on March 9, 2011, it acquired ownership of 250,000 common shares (“Common Shares”) of Southern Silver Exploration Corp. (“Southern Silver”) representing approximately 0.2% of the total issued and outstanding common shares of Southern Silver as of March 9, 2011. As a result of this transaction, Pinetree and its joint actors collectively held, as at March 9, 2011, an aggregate of 9,949,500 common shares of Southern Silver, including the Common Shares and rights to acquire an additional 4,000,000 common shares of Southern Silver upon exercise of certain convertible securities (the “Convertible Securities”). Of these totals, Pinetree owns 7,449,500 common shares, including the Common Shares and 1,500,000 of the Convertible Securities (the “Pinetree Convertible Securities”) directly. In the event that the Convertible Securities are fully exercised, the holdings of Pinetree and its joint actors represents a total of 13,949,500 common shares of Southern Silver, or approximately 13.3% of all issued and outstanding common shares as at March 9, 2011, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only. In the event that the Pinetree Convertible Securities are fully exercised, the direct holdings of Pinetree represents a total of 8,949,500 common shares of Southern Silver, or approximately 8.8% of all issued and outstanding common shares as at March 9, 2011, calculated on a partially diluted basis assuming the exercise of the Pinetree Convertible Securities only.

Timmins Gold Receives Conditional Approval for TSX Listing

VANCOUVER, BRITISH COLUMBIA–(Marketwire – March 11, 2011) – Timmins Gold Corp. (TSX VENTURE:TMM) is pleased to announce that it has received conditional approval for listing of its common shares on the Toronto Stock Exchange (TSX) under the symbol TMM. Upon filing and acceptance of the final listing application and related documentation the shares will commence trading on the Toronto Stock Exchange and be de- listed from the Venture Exchange. The Company anticipates its listing date to be in March 2011.

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