Minefinders Corp, which in January agreed to be bought by Pan American Silver in a $1.5 billion deal, reported late Thursday that it swung to a fourth quarter profit as gold and silver production increased and precious metals prices rose.
Colibri Resource Corporation is pleased to announce progress on its Ramard silver project located near the municipality of Carbo, State of Sonora, Mexico. Colibri recently completed a comprehensive exploration program over the Ramard property, which included geologic mapping, a systematic rock and soil geochemical sampling program, and a ground-based 3D Induced Polarization geophysical survey.
Newstrike Capital, Inc. is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. and including GMP Securities L.P., Scotia Capital Inc., Euro Pacific Canada Inc., Desjardins Securities Inc., Macquarie Capital Markets Canada Ltd. and Raymond James Limited pursuant to which the Underwriters have agreed to purchase 8,000,000 common shares of the Company on a bought deal private placement basis at a price of $3.10 per Common Share.
ABOT Mining is pleased to announce potential production of up to 900,000 ounces of Au from processing of approximately 400,000 tons ores available on our JV Partner Mexican gold property. As reported earlier, initial flotation engineering results from the surface of the ore indicated a recovery value of 89.00% of the Au and showed 2.51 ounces of Au per metric ton of ore. This cumulative ore tonnage represents possible production of over $1.5 billion in today’s gold prices.
Gold Resource Corporation declares its instituted monthly dividend of $0.05 per common share for February 2012 payable on March 23, 2012 to shareholders of record as of March 12, 2012. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico.
ASX-listed Azure Minerals has started a prefeasibility study (PFS) on its Promontorio copper-gold-silver project, in Mexico.
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