Cangold Limited is pleased to announce that it has commenced a metallurgical testing program for the Ixhuatan Gold-Silver Project in Chiapas, Mexico. Cangold is earning a 75% interest in the Ixhuatan project through its own wholly-owned Mexican subsidiary, Coboro Minerales de Mexico, S.A. de C.V.
Endeavour Silver Corp. announced today record earnings, cash-flows and revenues for the year ended December 31, 2011, thanks to the Company’s seventh consecutive year of growing silver and gold production, lower cash operating costs and higher precious metal prices.
Argonaut Exploration Inc., a junior mineral exploration company focused on the exploration and development of its British Columbia mineral properties is pleased to announce the appointment of director Oleh Wowkodaw, B.Sc. Geological Engineering, M.B.A., P. Geol. as Chief Financial Officer and Chief Operating Officer of the Company effective March 15th, 2012. Mr. Wowkodaw replaces Dale Hansen who has held the Chief Financial Officer position since December 9th, 2010. Argonaut wishes to thank Mr. Hansen for his financial administrative services to the Company.
Gold Resource Corp. (AMEX:GORO) announced Monday it has hired Brad Blacketor as chief financial officer.
OTC Markets Group Inc., the company that operates the world’s largest electronic marketplace for OTC-traded equities, announced that Victory Resources Corp., a Canadian based junior mineral exploration company, is now trading on the highest tier of the OTC market, OTCQX®.
Endeavour released today its updated NI 43-101 reserve and resource estimates to December 31, 2011 (see table below) for its two producing silver mines (the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State) and three exploration projects (the San Sebastian Project in Jalisco, Parral Project in Chihuahua and Arroyo Seco Project in Michoacán) in Mexico.
Avino Silver and Gold Mines Ltd. is pleased to announce results from an updated NI 43-101 compliant Technical Report: Tailings Retreatment Process Option for the Avino mine tailings in the Durango mining district of Mexico. The technical report was completed by Tetra Tech Wardrop.
Azure Minerals Limited is pleased to announce it has successfully negotiated a 24 month extension of its Exploration Contract and Purchase Option Agreements over the Company’s high grade Promontorio Copper-Gold-Silver Project, located in Chihuahua State, Mexico.
Starcore International Mines Ltd. has filed the results for the quarter and six months ended January 31, 2012, for the Company and its mining operations. Over the second quarter ended January 31, 2012, the Company is pleased to report record quarterly results, including revenues of $15.0 million, earnings from mining operations of $5.5 million and earnings for the period of $3.5 million, which includes a net $0.1 million realized and unrealized gain on forward sales contracts. The basic and diluted income per share for the quarter ended January 31, 2012 was $0.03. Over the six months ended January 31, 2012, the Company reports revenues of $35.4 million, earnings from mining operations of $12.8 million and earnings for the period of $6.7 million, which includes a net $3.0 million realized and unrealized loss on forward sales contracts. The basic and diluted income per share for the six month period ended January 31, 2012 was $0.06 and $0.05, respectively.
Mexivada Mining Corp. is pleased to announce that its optionee partner California Gold Corp. is scheduling an April 2012 start-up for an exploration drilling program at the Company’s AuroTellurio Project, located in the La Bambolla gold-tellurium mine area near Moctezuma, Sonora, Mexico, northeast of Hermosillo. Six core holes are planned to be drilled by California Gold as part of this initial program involving a total of 3,000 meters of diamond drilling. Geologic work, supplemented by two geophysical surveys, has delineated three initial drilling targets within the AuroTellurio property.
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