Month: March 2013

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.

Coeur d’Alene Mines Corporation today announced that Linda L. Adamany has been appointed to the Company’s Board of Directors as well as the Audit Committee and the Environmental, Health, Safety and Social Responsibility Committee of the Board, effective March 11, 2013. In addition, Kevin S. Crutchfield has been nominated for election to the Board at the Company’s 2013 annual meeting of shareholders to be held May 14, 2013. Upon his election, Mr. Crutchfield is expected to be appointed to the Compensation Committee and the EHSSR Committee.

Fresnillo plc (FRES.L) reported that its full year 2012 profit from continuing operations before income tax decreased to $1.16 billion from $1.53 billion last year. Attributable profit from continuing operations was $736.09 million or $1.026 per share, compared to $901.75 million or $1.257 per share prior year. Attributable net profit, excluding Silverstream effects, was $652.1 million, down 17.2%.

McEwen Mining Inc. (MUX) Q4 2012 Earnings Call March 11, 2013 2:00 PM ET

Sierra Metals Inc. is pleased to announce that it has submitted an application to list its common shares on the Toronto Stock Exchange, Canada¡¯s premier stock exchange. If the application is accepted by the TSX, trading in the Company¡¯s common shares will graduate to the TSX and such common shares will cease to be listed for trading on the TSX Venture Exchange. This action follows Sierra Metals¡¯ recent announcement of a new quarterly cash dividend of $2.5 million or $0.016 per share announced on February 12, 2013.

First Majestic Silver Corporation (NYSE: AG) announced today that its board of directors has approved a share repurchase program pursuant to a normal course issuer bid in the open market through the facilities of the Toronto Stock Exchange or alternative Canadian market places over the next 12 months. Pursuant to the Share Repurchase, the Company proposes to repurchase up to 5,848,847 common shares of the Company which is the maximum number of shares permitted to be purchased under the TSX rules and represents 5% of the 116,976,940 issued and outstanding shares of the Company as of March 1, 2013.

First Majestic Silver Corp. announced today that its board of directors has approved a share repurchase program pursuant to a normal course issuer bid in the open market through the facilities of the Toronto Stock Exchange or alternative Canadian market places over the next 12 months. Pursuant to the Share Repurchase, the Company proposes to repurchase up to 5,848,847 common shares of the Company which is the maximum number of shares permitted to be purchased under the TSX rules and represents 5% of the 116,976,940 issued and outstanding shares of the Company as of March 1, 2013.