Azure Minerals Limited, the Mexican-focused minerals exploration company, is pleased to provide an update of recent activities from its high grade copper-gold-silver Promontorio Project, located in Chihuahua Mexico.
Mercator Minerals Ltd today announced its financial results for the three months ended March 31, 2012. Revenues in the first quarter 2012 were $65.2 million, an increase of 17% over the first quarter 2010, while gross profit was $17.9 million in the first quarter 2012, an increase of 12% over the comparable three months of 2011. Cash flow from operations (before changes in non-cash working capital items) was $7.1 million in first quarter 2012 as compared to $0.2 million in the same quarter of 2011 and net loss in the first quarter 2012 was $20.5 million ($0.08 per share, basic) or $1.5 million ($nil per share, basic) on an adjusted net income basis*.
Gold Resource Corporation today announced record results for its first quarter ending March 31, 2012, including an increase of 308% production of precious metal gold equivalent and an increase of 281% mine gross profit over the first quarter of 2011. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico.
Starcore International Mines Ltd. is pleased to announce that it has entered into an agreement dated May 10, 2012 with Sprott Resource Lending Corp. pursuant to which Sprott Lending will provide the Company with an $11 million credit facility, to be applied to settle Starcore’s forward sales contracts with Investec Bank plc.
FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the “Company” or “First Majestic”) is pleased to announce the unaudited condensed consolidated interim financial results for the Company for the first quarter ending March 31, 2012. The full version of the financial statements and the management discussion and analysis can be viewed on the Company’s web site at www.firstmajestic.com or on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
2012 FIRST QUARTER HIGHLIGHTS
Fortuna Silver Mines, Inc. is pleased to announce that it has filed its financial statements and MD&A for the three months ended March 31, 2012.
AuRico Gold Inc. is pleased to report financial results for the first quarter ended March 31, 2012. All amounts are in U.S. dollars unless otherwise indicated.
Santa Fe Gold Corporation is pleased to announce the financial results for the three and nine months ended March 31, 2012. Santa Fe reported record revenues of $8.1 million for the nine months ended March 31, representing a 97% increase over the same period of the prior fiscal year. The Company’s earnings from mining operations also grew significantly over the period to $3.9 million, a 110% increase over the comparable nine month period in 2011. Revenues for the three months ended March 31, 2012 increased by 27% to a record $3.7 million, while earnings from mining operations increased by 59% to $2.1 million. The full version of the financial statements and management’s discussion and analysis are available in the Company’s Form 10-Q filed with the SEC and available at www.sec.gov .
ABOT Mining is pleased to provide the following update on activities around its Aztlan 8 B Property in the province of Nayarit, Mexico in the highly mineralized area known as the “Tecuala Mining District”. Nayarit is located in the Sierra Madre Occidental range, which hosts the majority of Mexico’s gold and silver deposits and is considered as the most productive epithermal precious metal region in the world.
Excellon Resources Inc. Mexico’s highest grade silver producer, is pleased to provide results for the first quarter, 2012.
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