Day: November 6, 2012

US Antimony Reports Third Quarter Financials and Operating Developments

United States Antimony Corporation reports a loss of $175,125 on revenues of $2,655,123 for the quarter ended September 30, 2012. John Lawrence, Chief Executive Officer commented, “Due to the expenses and capital expenditures for mining, milling, and smelter equipment and new general and administrative expense incurred in the quarter, the Company is now entering a sustained period of production growth and revenue from its facilities in the United States and in Mexico.”

Coeur d’Alene’s Q3 profit lower as costs rise

US-based silver producer Coeur d’Alene Mines had posted lower profit during the third quarter owing to rising production costs, which were mainly the result of production issues at the company’s Palmajero mine, in Mexico.

Vale and Corex Sign Definitive Agreement

Corex Gold Corp. is pleased to announce it has executed a definitive agreement with Vale Exploraciones Mexico S.A. de C.V., a wholly-owned subsidiary of Vale S.A. wherein Vale may acquire up to a 65% interest in the Company’s Santana Project. The objective of this alliance is to further develop the copper-gold porphyry target on the Santana Project, in Sonora State, Mexico. The Santana Project is located approximately 80 km southwest of the world-class Mulatos district. The Corex claim block is situated along a trend of producing mines in the Sierra Madre Occidental.

Newstrike Capital Reports on Exploration and Delineation Drill Results, Ana Paula Project

Newstrike Capital Inc. announces the results from 8,035 meters in 15 drill holes completed this period at the Company’s 100%-owned Ana Paula Project in the Guerrero Gold Belt, Mexico. These drill results are from new exploration holes and from the Breccia Zone delineation program. The drill holes in this series are collared in the northeast and southeast quadrants and targeted the Lower Grade Mineralization.

El Gallo Complex Exploration Update

McEwen Mining Inc. is pleased to announce exploration drill results from two locations within its 100% owned El Gallo complex, Sinaloa, Mexico. The first location is at El Gallo Phase 1, where production commenced in September. The second is Mina Grande, located in the north portion of the property (Fig. 1). Results from both areas continue to impress.

Endeavour Silver Reports Third Quarter 2012 Financial Results

Endeavour Silver Corp. announced today its financial and operating results and unaudited consolidated interim financial statements for the Third Quarter, 2012. Endeavour owns and operates three high-grade, underground, silver-gold mines in Mexico: the Guanacevi Mine in Durango State, the Bolanitos Mine in Guanajuato State and the recently acquired El Cubo Mine, also located in the Guanajuato mining district only 15 kilometers from the Bolanitos Mine.

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