US-based mining company Golden Minerals has reported an increase in its gold, silver production at its Velardeña Operations in Mexico for the third quarter of 2012 .
Endeavour Silver Corp. announces that the Company’s silver and gold production from the Company’s three operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Bolanitos and El Cubo Mines in Guanajuato State, continued to climb in the Third Quarter, 2012.
San Marco Resources Inc. announces that it is arranging a non-brokered private placement of 8,000,000 units at $0.13 per unit for gross proceeds of $1,040,000.
Mexus Gold received a geological report prepared by an independent geologist covering part of the Julio Property near the current placer plant and northward toward the Julio Vein. The property is situated on or near the Mojave-Sonora Mega Shear Zone which is well known as a major source of gold bearing zones presently being mined by several major gold production companies. The following is a summary of the findings of the report:
Goldgroup Mining Inc. announced today that its Board of Directors has appointed Executive Chairman, Gregg J. Sedun, to also fill the role of President and Interim Chief Executive Officer, replacing Mr. Keith Piggott. Mr. Piggott is a major shareholder of the Company and continues to serve on the Company’s Board of Directors. This leadership appointment is effective immediately.
QRS Capital Corp. announces the closing on October 11, 2012 of its previously announced non-brokered private placement. The Company issued 2,625,000 units (representing an additional 125,000 Units than previously announced) at a price of $0.20 per Unit, for aggregate gross proceeds of $525,000. Each Unit consisted of one common share and one half of one common share purchase warrant. Each whole Warrant will entitle the holder to purchase one common share of the Company at a price of $0.40 per common share for a period of 24 months from the closing date of the Private Placement.
Canadian-based Excellon Resources Inc. and the USW union along with their a Mexican-based non-governmental organization have been battling it out regarding Excellons wholly owned La Platosa mine in Durango, Mexico and it has been far from amicable.
Mazorro Resources Inc. has closed $195,000 in two tranches of a private placement, the mining company disclosed.
Primero Mining Corp. announces the completion of the secondary offering of common shares of Primero held by Goldcorp Inc. which was previously announced on September 18, 2012. Following closing of the Offering, Goldcorp owns 31,151,200 common shares of Primero, representing approximately 32.2% of the outstanding common shares of Primero, which will continue to be held by Goldcorp subject to a three year lock-up period that commenced on August 6, 2010.
GOLDCORP INC. is pleased to announce that it has completed the previously announced secondary offering of 8,422,460 common shares of Primero Mining Corp. at a price of C$5.25 per share for gross proceeds to Goldcorp of C$44,217,915.
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