Month: May 2012

Dia Bras Announces C$45 Million Private Placement Financing

Dia Bras Exploration Inc. is pleased to announce a C$45 million private placement of common shares at an offering price of C$3.00 per share. The Offering will be conducted on a best efforts basis through a syndicate of agents led by RBC Capital Markets.

Great Panther Updates Mineral Resource Estimates at the Guanajuato Mine Complex and San Ignacio Project; Extends Mineralization at San Ignacio

Great Panther Silver Limited announces the completion of the updated mineral resource estimates at the Company’s wholly-owned Guanajuato Mine Complex and San Ignacio Project in Guanajuato, Mexico. As the San Ignacio Project is effectively a satellite of the Guanajuato Mine Complex (20 kilometres by road), and any mineralization extracted from the former will be processed at the Cata Plant, the resource is now being considered as part of the overall Guanajuato Mine mineral inventory.

Capstone Reports Solid 2012 First Quarter Financial Results Continuing to Strengthen Balance Sheet

Capstone Mining Corp. today announced its financial results for the three months ended March 31, 2012. Net earnings for the quarter were $15.7 million and cash flow from operating activities was $17.8 million. Capstone ended the quarter with cash on hand of $501.7 million and no debt. Copper production for the quarter at Capstone’s two operating mines, Cozamin and Minto, totalled 18.6 million pounds of copper in concentrates at a total cash cost(1) of $1.45 per payable pound.

Vista Gold Corp. Announces First Quarter 2012 Financial Results and Provides Update on Recent Activities

Vista Gold Corp. today announced its financial results for the first quarter ended March 31, 2012; highlights for the three-month period then ended; and that a management quarterly conference call is scheduled for 10:00 a.m. MDT on Monday, May 14, 2012. The Company’s full financial results, Management’s Discussion and Analysis together with other important disclosures can be found in the Company’s Quarterly Report on Form 10-Q, filed with the U.S. Securities and Exchange Commission and the Canadian securities regulatory authorities on May 8, 2012.

Fortunate Sun Mining Grants Stock Options

Fortunate Sun Mining Company Ltd. announces that pursuant to its stock option plan, the Company has granted incentive stock options to its directors, officers and consultants to purchase in the total of 1,725,000 common shares in the capital stock of the company, subject to regulatory approval, exercisable for a period of five years, at a price of $0.20 per share.

El Tigre Reports Completion of Extensive Metallurgical Tests on Tailings

El Tigre Silver Corp. is pleased to report that an extensive metallurgical test program on its El Tigre tailings project has been completed with positive results. The El Tigre silver project is located on concessions that are part of the Company’s 431 square kilometer concession ownership in Sonora, Mexico.

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