Stroud Resources Ltd. is pleased to announce that, subject to regulatory approval, Kerry D. Smith, P. Eng, MBA has been appointed to the board of directors of the Company joining George Coburn and Lonnie Kirsh on the board.
GOLDCORP INC. today reported that adjusted net earnings1 in the quarter increased to $404 million, or $0.50 per share, compared to $392 million, or $0.49 per share, in the first quarter of 2011. Reported net earnings were $479 million compared to $651 million in the first quarter of 2011. Operating cash flows before working capital changes2 were $480 million. Gold production totaled 524,700 ounces at a total cash cost3 of $251 per ounce.
Baja Mining Corp. today provided an update on its cost control initiatives, the development of a funding plan, an executive change and a new governance advisor.
Kootenay Silver Inc. is pleased to announce results from an additional 10 holes from its current 25,000 meter drill program on its Promontorio Silver Project in Sonora, Mexico. The Company reports the two-phase 35,000 meter in-fill drill and resource definition program, comprised of 25,000 meters of core drilling and 10,000 meters of RC drilling is now complete. Work on an independent NI 43-101 resource update to incorporate results from drilling is underway.
Santa Fe Gold Corporation is pleased to announce the appointment of Mr. John White as Vice President and General Manager of its wholly owned subsidiary, the Lordsburg Mining Company, which operates the Summit silver-gold mine and Lordsburg processing facility in southwest New Mexico. Mr. White has over 35 years of diverse mining experience in exploration, project development, construction and operations. A substantial part of his experience has been in New Mexico, where he has held senior management positions with both mining and construction companies. Mr. White holds a B.S. Degree in Geological Sciences from the University of Washington and a M.S. Degree in Geosciences from the University of Arizona.
Ternium S.A. today announced its results for the first quarter ended March 31, 2012.
Westridge Resources Inc. announces that drilling at its Charay Project in Mexico has extended high grades in the El Padre Vein to depths of approximately 150 meters down dip (2.4m at 10.15 gpt Au, including 1.4m at 15.25 gpt Au and 127 gpt Ag). Drilling has also intersected additional high grade veins not previously known (1.0m at 20.6 gpt Au). Surface sampling has identified high grade gold values (up to 12.5 gpt Au) in new additional epithermal veins and extensions of the El Padre system.
International Northair Mines Ltd. is pleased to announce that an additional core drill rig is on site to expedite the drill program underway at its La Cigarra silver project, located in north central Mexico.
Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, today announced the release of a Mineral Resource Report dated 23 April 2012 and entitled “Arian Silver Corporation, Resource Estimate 43-101 Technical Report, San José Project, Zacatecas, Mexico” prepared by CSA Global (UK) Limited relating to the updated mineral resource estimates contained in Arian’s press release dated 12 March 2012 entitled “Arian Silver Increases Contained Silver at San José by 32% to More Than 117 Million Ounces in Updated Mineral Resource Estimate”.
Parlane Resource Corp. announced that it has given notice terminating its option agreement to earn a 100% interest in the Mercedes Property located in Hermosillo in the state of Sonora, Mexico. (See press release dated February 22, 2011.)
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