Argonaut Gold Inc. is pleased to announce its financial and operating results for the first quarter ended March 31, 2012. All dollar amounts are expressed in United States dollars unless otherwise specified.
SilverCrest Mines Inc. is pleased to announce its financial results for the first quarter ended March 31, 2012 (all figures in U.S. dollars unless otherwise specified.)
Santacruz Silver Mining Ltd. is pleased to report significant progress at its Rosario project, located in the historical mining district of Charcas, San Luis Potosi, Mexico. In August 2011 the Company signed an option agreement with Compania Minera Nukay, S.A. de C.V. a subsidiary of Goldcorp Inc. to purchase a mill with a capability of 500 tonnes per day. The mill, which is currently being disassembled will be moved to the property within the third quarter of 2012. The mill is scheduled to be commissioned within the first quarter of 2013. Utility permits for water and power are expected to be ready during the third quarter of 2012.
Brigus Gold Corp. announces results for the first quarter of 2012.
Timmins Gold Corp. is pleased to report its first quarter of 2012 financial results for the period ended March 31, 2012. For comparative purposes, Q1 2011 below refers to the three months ended March 31, 2011. All results are presented in United States dollar unless otherwise stated. Readers should refer to the Q1 2012 management discussion and analysis and consolidated financial statements for more complete information.
Starcore International Mines Ltd. announces that it has closed out the hedge contracts between its wholly-owned Mexican subsidiary, Compañia Minera Peña de Bernal, S.A. de C.V., and Investec Bank plc. Funds advanced to Starcore through the $11 million credit facility arranged with Sprott Resource Lending Corp. were used to settle Starcore’s outstanding forward sales contracts with Investec (see news release of May 10, 2012).
Minaurum Gold Inc. is pleased to announce the beginning of a minimum 2,500-metre diamond-drilling program on its 5,800-ha Corazonada silver-zinc skarn project in Morelos State, Mexico. The Corazonada project is an intrusion-centered skarn system hosted by carbonate rocks identical to those of the numerous gold deposits of the 15 Moz Guerrero Gold Belt as well as Esperanza Resources’s nearby 1 Moz Cerro Jumil Gold deposit. Drilling at Corazonada will both test a prominent aeromagnetic anomaly in the southwest portion of the project and follow up on strong silver and zinc values from surface rock-chip sampling.
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