Month: November 2012

Blood on the Silver: The High Cost of Mining Concessions in Oaxaca

In the front room of Avigahil Vasquez’s Sanchez home in San Jose del Progreso, she’s installed half a dozen little phone booths used by town residents who have no phone of their own. Outside the windows above the telephones, the tree-lined street leads out to fields at the foot of cloud-topped hills. San Jose, at the edge of a valley an hour south of Oaxaca’s capital city, is a pretty town.

Paramount Gold and Silver Drilling Extends Silver-Rich Zone by 2 Km at San Miguel Project With Intercepts Up to 144 G/T Ag

Paramount Gold and Silver Corp. today reported results from 18 new core holes drilled in the ongoing exploration of its 100%-owned San Miguel Project in northern Mexico. Of the 18 new holes, 15 returned good silver grades including 18 intercepts greater than I oz. of silver per tonne. These holes were completed after the San Miguel resource update by MDA and they are likely to increase the overall size and quality of the project’s resource.

Gold Resource Corporation Hires New Vice President of Exploration

Gold Resource Corporation today announced it has hired Mr. Barry Devlin as the Company’s new Vice President of Exploration. Mr. Devlin will join the Company on or before January 5, 2013. Mr. David Reid, the Company’s current Vice President of Exploration and co-founder of the Company, will be taking a less active role in the Company’s day to day operations. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico. The Company has returned over $63 million to shareholders in monthly dividends since declaring commercial production July 1, 2010, and may be the only Company offering shareholders the option to convert their cash dividends into physical gold or silver.

Evrim Closes Non-Brokered Private Placement

Evrim Resources Corp. is pleased to announce that it has closed the non-brokered private placement announced on October 25,2012. The company has issued 4,000,000 shares for gross proceeds of $1,320,000. The shares will be subject to a 4 month hold expiring on March 7, 2013. Proceeds from the private placement will be used for working capital purposes. Finder’s fees of $3,920 were paid in conjunction with the placement.

Mine slowdown dips Couer d’Alene production

Strong production and exploration from Kensington mine can only buffer its parent company, Coeur d’Alene Mines Corporation, from unexpected extra costs at mines in Mexico and Bolivia.

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