Record Gross Sales Revenue of $352.5 million, Net Earnings of $60.4 million ($0.20 per share), Cash Flow from Operating Activities of $86.4 million (All amounts in US$ unless otherwise specified)
NSGold Corporation, the Vancouver company developing the Mooseland gold property in Nova Scotia, has spun off its second company, NSX Silver Inc., and commenced trading for the new venture Wednesday on the TSX Venture Exchange.
Industrias Penoles SAB (PE&OLES*), the worlds largest producer of refined silver, will spend about the same on capital expenses this year as it did in 2011 as it seeks to boost production and reduce energy costs.
Golden Minerals Company is pleased to announce the appointment of Jan Dahlgren as Construction Manager for its wholly-owned subsidiary, Minera William, at the Velardena Project in northeastern Durango State, Mexico. Mr. Dahlgren brings worldwide experience to the Golden team, having worked during his career for Bechtel, Aker Solutions, Hatch, SNC Lavelin and others. He has held senior construction positions with dozens of large projects including Toromocho, Pierina, Tintaya, Antamina and Yanacocha in Peru as well as Pelambres, El Abra and La Candelaria in Chile. Mr. Dahlgren will report to David Drips, Project Director for Mexico, as the team aggressively expands the Velardena silver and gold operations.
Toronto, Ontario (March 14, 2012) Argonaut Gold Inc. (TSX: AR) (Argonaut Gold, Argonaut or the Company) is pleased to announce that Standard & Poors Index Operations will be adding Argonaut Gold to the S&P/TSX Composite Index effective as at the open on Monday, March 19, 2012.
Silvermex Resources Inc. announces underground drill results from its La Guitarra mine, located in the Temascaltepec Mining District in the State of Mexico. A total of 91 underground drill holes have been completed for a total of 7,636 m. This drilling completes the 7,500 m drill program proposed in 2011, which was designed to test the continuity of various structures underground throughout the La Guitarra Mine. Drilling is ongoing by two contractor rigs and two rigs owned by the mine.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – March 14, 2012) – Pan American Silver Corp. (TSX:PAA)(NASDAQ:PAAS) and Minefinders Corporation Ltd. (TSX:MFL)(NYSE Amex:MFN) are pleased to announce that Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis & Co., LLC (“Glass Lewis”) have recommended that shareholders vote FOR the Plan of Arrangement (the “Arrangement”) pursuant to which Pan American will acquire all of the issued and outstanding common shares of Minefinders. The Arrangement will be considered at Pan American’s and Minefinders’ respective special shareholder meetings to be held on Monday, March 26, 2012.
34% Increase in Inferred Resources Over 2011
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