Day: March 12, 2013

Esperanza Resources Corp. announces that Esperanza’s Board of Directors has approved the issuance of 500,000 options to purchase 500,000 common shares of the Company and 500,000 restricted share units. The Options will have a five year term and were issued after market close on March 11, 2013 with an exercise price based on the closing price of the Esperanza shares on that day. The Options and RSUs are being granted pursuant to Esperanza’s stock option and restricted share unit plans to an officer of the Company.

Scorpio Mining Corporation announces that Mr. Pierre Lacombe has been appointed President and Chief Executive Officer, effective April 22, 2013, and will also continue to serve as a director of the Corporation. Peter Hawley will resign as Interim President and CEO of the Corporation when Mr. Lacombe assumes his new position and remain a director of the Corporation.

Fortunate Sun Mining Company Ltd. announces the results of its Special General Meeting initially held on Friday, February 8, and subsequently re-convened on Thursday, March 7, 2013.

TORONTO (miningweekly.com) – McEwen Mining this week said it was prepared for a 24% increase in gold-equivalent production this year, as an optimisation plan was completed at its 49%-owned San Jose mine, in Argentina, that would increase processing capacity by 10% from 1 500 t/d to 1 650 t/d, and a full year of production is expected from its El Gallo Phase 1 mine, in Mexico.

Braeval Mining Corporation is pleased to announce the appointment of an advisory committee to the board of directors. The advisory committee will provide technical advice on an as needed basis to the board of directors. The committee is comprised of Mr. Sean Roosen, President and CEO of Osisko Mining Corporation, Mr. Chris Lodder, Principal of Talisker Exploration Services Inc., Mr. Ruben Padilla, Principal and Economic Geologist of Talisker Exploration Services Inc., and Mr. Terry Harbort, Principal, Generative Database Manager and Chief Structural Geologist of Talisker Exploration Services Inc.

Endeavour Silver Corp. announced today record earnings, cash flow and revenue for the year ended December 31, 2012, thanks to the Company’s eighth consecutive year of growing silver and gold production. Endeavour owns and operates three underground silver-gold mines in Mexico: the Guanacevi mine in Durango state, and the Bolanitos and El Cubo mines in Guanajuato state.

Mexican precious metals producer Fresnillo PLC (FRES.LN) is considering two options in order to meet the FTSE 100 index free-float requirement of 25% of a company’s share capital by the end of 2013, the company’s chief financial officer said Tuesday.