Month: July 2012

SilverCrest Mines Inc. is pleased to announce production figures for the second quarter of 2012 from its 100% owned Santa Elena Mine located in Sonora, Mexico.

Pan American Goldfields Ltd. is pleased to announce mineral production and revenues received from pilot production at its Cieneguita Project located in Chihuahua, Mexico for the quarter ending May 31st, 2012.

Gold Resource Corporation is pleased to report the final results from an independent resource estimate compiled from drilling data at the Company’s La Arista vein system at its El Aguila Project in the southern state of Oaxaca, Mexico. Indicated and inferred resources include approximately 1.4 million gold equivalent ounces (all metals) at 1 gram gold equivalent cutoff confirming the previously announced preliminary results. The estimate was prepared by the Denver engineering firm of Pincock, Allen & Holt in compliance with the standards established by Canadian Securities Administrators’ National Instrument 43-101.

Oremex Silver Inc. announces that it intends to complete a non-brokered private placement of up to 15,000,000 units from treasury at a price of $0.05 per Unit for aggregate proceeds of up to $750,000.

The Board of Directors of Scorpio Mining Corporation today announced that it has accepted the resignation of Scorpio’s President and Chief Executive Officer, Parviz Farsangi, and unanimously appointed the Company’s Chairman, founder and former Chief Executive Officer, Peter J. Hawley as interim President and Chief Executive Officer. Mr. Farsangi has stepped down as President and Chief Executive Officer and director of Scorpio to pursue other career opportunities, effective immediately.

Timmins Gold Corp. announces that it held its annual and special meeting of shareholders on July 19, 2012 and the following persons were elected to the board of directors: Arturo Bonillas, Bruce Bragagnolo, Miguel Soto, Frank Cordova, Eugene Hodgson, R. Barry Fraser, Paula Rogers and Keith Peck. Lawrence Dick resigned from the board of directors prior to the meeting but will continue as the Company’s Qualified Person. Mr. Dick was one of the original directors and helped the Company transition from a developer to a producer. The Company thanks Mr. Dick for his many years of service as a director.

Gold Resource Corporation reported its preliminary production results for the second quarter ended June 30, 2012 of approximately 14,500 ounces precious metal gold equivalent at a 60:1 price ratio. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $53 million to shareholders in monthly dividends since declaring commercial production July 1, 2010 and may be the only Company offering shareholders the option to convert their cash dividends into physical gold or silver.