Day: April 12, 2011

Solitario Announces Common Stock Offering

Solitario Exploration & Royalty Corp. (NYSE Amex:XPL) (TSX:SLR) today announced that it intends to offer shares of its common stock in an underwritten public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Caza Gold Lower Prior to Q1 Update, Moris Assay Doubles Its Size

Caza Gold Corp. (CZY.V) shares were down $0.02 to $0.56 each prior to the company reporting that its geological team identified several strong trace element anomalies associated with high gold values and high sulfidation alteration on the Los Andes gold property in Nicaragua.

Mercator Minerals Drops More than 8% on $195 Million Acquisition of Creston Moly

Mercator Minerals Ltd. (ML.TO) went down by more than 8% to $3.38 after announcing that it has agreed to acquire Creston Moly Corp. (CMS.V) in a friendly deal that values Creston at about $195 million, which will will create a “significant” copper and molybdenum miner with operations in the United States and Mexico.

Endeavour Silver Corp. (CAN) (NYSE:EXK) went down by 7.84% to close at $11.40

Endeavour Silver Corp. (CAN) (NYSE:EXK) went down by 7.84% to close at $11.40 with total traded volume of 8.33 million shares in the last trading day. Its price to earnings ratio stands at 114 times till its last trading session. The RSI value of 64.93 times depicts that the current share value is in overbought level.

Gold Resource Corporation’s CFO Steps Down

DENVER, April 12, 2011 /PRNewswire/ — Gold Resource Corporation (GORO) (NYSE Amex: GORO) today announced the acceptance of its CFO’s resignation who has taken a full-time position with another company. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico.

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