AuRico Gold Announces Preliminary First Quarter Operational Results
April 15, 2013
AuRico Gold Inc. today announces preliminary first quarter operational results. All amounts are in U.S. dollars unless otherwise indicated.
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AuRico Gold Inc. today announces preliminary first quarter operational results. All amounts are in U.S. dollars unless otherwise indicated.
Sierra Metals Inc., formerly Dia Bras Exploration, is pleased to announce the filing of its audited Financial Statements and Management Discussion and Analysis for 2012. All amounts are presented in Canadian dollars unless otherwise stated.
First Majestic Silver Corp. is pleased to announce that total production at its five operating mines in Mexico for the first quarter ending March 31, 2013, reached 2,731,792 equivalent ounces of silver, representing a 36% increase compared to the same quarter in 2012.
Veta Madre Deposit Adds 110,000 Inferred Gold Ounces at La Colorada, with potential for additional growth
Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to report Q1 2013 production from the La Platosa Mine in the state of Durango, Mexico. Highlights of the first quarter include:
Riverside Resources Inc. is pleased to announce the signing of a three year, C$2.25M strategic exploration alliance with Hochschild Mining Holdings Limited for generative exploration throughout the prolific Mega-shear Gold Belt in western Sonora, Mexico. The Alliance will focus on identifying potential new large precious metal deposits using Riverside’s extensive technical knowledge and experience in Sonora. Hochschild will fund C$750,000 on an annual basis (C$2.25M over three years) for generative exploration and Riverside will be the operator for all exploration activities of the Alliance, while all decisions relating to the Alliance will be made jointly through a Technical Committee comprising two representatives from each of Riverside and Hochschild similar in structure to other exploration alliances that Riverside is currently operating in Canada and Mexico.
Garibaldi Resources Corp. is pleased to report that it has completed a transaction to acquire a 100% interest in the 99 hectare La Patilla property located in the Municipality of Rosario, State of Sinaloa, Mexico.
Torex Gold Resources Inc. is pleased to report that two boreholes located approximately 100 metres southwest of the Media Luna magnetic anomaly, intersected mineralization in a non magnetic area. Borehole WZML-30 encountered 5.4 g/t Au eq. over 11.7m and borehole WZML-26 encountered 3.9 g/t Au eq. over 4.6m. In addition, the inferred resource drilling program continues to intersect high grade mineralization over significant widths within the Media Luna magnetic anomaly target at the Company’s Morelos Gold Project in Mexico. Highlighted intercepts from the three known mineralized zones reported today, include borehole NEZML-22, which intersected 8.81 g/t Au eq. over 38.2m; borehole WZML-31, which intersected 5.34 g/t Au eq. over 29.9m; borehole WZML-35, which intersected 4.09 g/t Au eq. over 37.3m; borehole CZML-03, which intersected 20.66 g/t Au eq. over 6.0m; and borehole NEZML-24, which intersected 8.49 g/t Au eq. over 13.7m.
Production levels expected to accelerate during remaining three quarters of 2013. Growing contribution from gold relative to silver as gold production rises at U.S. operations.
Silvercrest Mines (SVLC) is a precious metals miner operating the Santa Elena Mine in the Mexican state of Sonora and developing the La Joya project further to the South in the state of Durango. The year 2012 has been the first full year in production at the Santa Elena mine and Silvercrest has managed to outperform market expectations by exceeding guidances and reporting revenues of $70.5M and a net income of $30.5M. The market capitalisation is $254M and the forward P/E is listed as 7.61 on Yahoo.com. The development of the Santa Elena mine was partly financed by a streaming agreement with Sandstorm Gold (SAND).
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