Penoles posts 40% drop in Q2 profit
August 2, 2012
The Mexican mining company said the fall comes on the back of an increase in investment costs and a drop in most metal prices.
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The Mexican mining company said the fall comes on the back of an increase in investment costs and a drop in most metal prices.
Revolution Resources Corp. is pleased to report initial results have been received from the Universo Property, north-central San Luis Potosi, Mexico. High grade gold and silver mineralization has been encountered underneath the Cinco Estrellas Mine, highlighted by 42.4 g/t Au with 68.2 g/t Ag over 0.97 meters in diamond drill hole UNN12-010.
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Cerro Resources NL is pleased to release a summary of the Company’s quarterly activities. The detailed Quarterly Activities Report which also includes the financial statements for the period ending June 30, 2012, is posted on the Company’s website www.cerroresources.com and will be filed on www.sedar.com today.
Kimber Resources Inc. today announced two new appointments to its management team: David (Dave) Hembree as Vice President, Exploration and James (Jim) McKay as Vice President, Project Development for the Monterde Project, as well as the resignation of Mr. Currie as COO.
Primero Mining Corp. today reported financial results for the second quarter ended June 30, 2012. The Company reported net earnings of $15.0 million ($0.17 per share) with adjusted net earnings(1) of $15.4 million ($0.17 per share) and record operating cash flows(2) of $35.8 million ($0.41 per share). The Company also announced that it has increased 2012 annual production guidance by 10% to between 110,000 and 120,000 gold equivalent ounces.
Geologix Explorations Inc. is pleased to announce that its $2,000,000 unit private placement announced June 28, 2012 was oversubscribed and a total of $2,502,000 was raised.
Arco Resources Corp. announces that it has extended the expiry date of its unexercised share purchase warrants, issued August 3, 2010 to February 3, 2013. The extension, which is subject to the approval of the TSX Venture Exchange, applies to the 5,500,000 Warrants still outstanding, which have an exercise price of $0.10 each.
Tarsis Resources says the Erika property in Mexico has become a high priority target, after discovering new mineralisation there.
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