Month: November 2012

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.

Baja Mining down 14% in funding aftermath

Baja Mining Corp. (TSX: T.BAJ, Stock Forum) was the second most active stock on the TSX. It fell 13.8% and was trading at $0.125 on volume of 4.1 million shares. On Nov. 2, the mine development company announced it had received $84 million in additional funding from the Korean Consortium for the Boleo copper-cobalt-zinc-manganese project

Goldcorp declares eleventh monthly dividend payment for 2012

GOLDCORP INC. is pleased to declare its eleventh monthly dividend payment for 2012 of $0.045 per share. Shareholders of record at the close of business on Thursday, November 15, 2012 will be entitled to receive payment of this dividend on Friday, November 23, 2012. Goldcorp has paid a monthly dividend to its shareholders since 2003. Canadian resident individuals who receive dividends from Goldcorp after 2005 are entitled to an enhanced gross-up and dividend tax credit on such dividends.

Southridge Declares Cash Dividend and Discusses Future Operations

Southridge Enterprises Inc. is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, today announced a cash dividend of $0.00003 per common share, payable on November 22, 2012 to shareholders of record at the close of business November 15, 2012. The dividend represents a payout of just over 5% of the recently reported quarterly net income.

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