Month: May 2012

Gold Resource Corporation Reports Record First Quarter Results; Increased Precious Metal-Gold Equivalent Production by 308% Over Q1 2011

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 Secures $11 Million Loan to Buy Out the Hedge

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 Reports Strong Earnings of $26.4M in Q1 2012, Up 10% compared with Q1 2011; Revenues top $57.8M, Up 5% from Q1 2011

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

AuRico Reports Q1 Financial Results

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 Reports Strong Operating Results for March 2012 Quarter

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 provides updates on Gold Mining related activities around its Aztlan 8B in the Tecuala Mining District in Nayarit, Mexico

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.

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