Timmins Gold Corp. (TSE:TMM) received initial coverage from Stonecap Securities, which handed out an “outperform” rating and a one-year target price of $3.20 – up considerably from the current price of $1.79 per share.
Cream Minerals Ltd. has filed an Amended Management’s Discussion and Analysis for the period ended March 31, 2012 to correct an error in the table of estimated open-pit inferred mineral resources which formed part of the updated Mineral Resource Estimate. The same table appeared in the Company’s news release of July 30, 2012.
Corex Gold Corp. is pleased to announce a non-brokered private placement for up to 13,500,000 units at a price of $0.08 per Unit for aggregate proceeds of up to $1,080,000. Each Unit consists of one common share and one share purchase warrant. Each Warrant entitles the holder to subscribe for one common share at a price of $0.15 for a period of twenty four months following the closing of the Financing.
Newstrike Capital Inc. announces the results from 3,973 meters of drilling completed this period as part of the 2012 drill program in progress at the Company’s 100%-owned Ana Paula Project in the Guerrero Gold Belt. The results are from the ongoing delineation program in the southeast quadrant and from new exploration in the southwest quadrant. Results from the Breccia zone delineation program indicate that mineralization still remains open in several directions and at depth. New step out drill holes are planned to follow up on these results.
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.
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