Day: October 25, 2012

Canadian gold producer Alamos Gold (TSE:AGI) shares were up almost 4 per cent after it released significantly stronger third quarter results and said it expects to achieve the highest annual production in its history in 2012.
The Toronto-based company owns and operates the Mulatos Mine in Mexico, and has exploration and development activities in Mexico and Turkey.

Kootenay Silver Inc. is pleased to announce that, further to the press release dated October 4, 2012, it has received subscriptions for $8,253,000 under the brokered private placement offering of units and has today closed the first tranche of the Offering of $7,203,000 and issued an aggregate of 6,860,000 Units at a purchase price of $1.05 per Unit. The Company anticipates closing the balance of the Offering shortly and will provide an update in due course. The Offering was conducted by Dundee Securities Ltd., on behalf of a syndicate including PI Financial Corp.

Excellon Resources Inc. is pleased to announce the appointment of Oliver Fernández to the Board of Directors of the Company.

Grupo Mexico net income plunged 53.8% from $693 million in the third quarter of last year to $320.2 million for the third quarter of this year.