Month: August 2013

Red Tiger Mining Inc. is pleased to announce that an updated Independent Technical Report for resource and reserve disclosure on the Company’s wholly owned San Antonio Properties in Sonora, Mexico, in accordance with NI 43-101 reporting standards has been filed on SEDAR.

Fortuna Silver Mines Inc. today reported revenue of $30.1 million, cash generated from operations, before changes in working capital of $5.9 million and a net loss of $10.6 million in the second quarter of 2013 reflecting a non-cash pre-tax impairment charge of $15.0 million. The non-cash impairment charge is related to the impact of declining silver prices on the carrying value of the Caylloma mine in Peru.

McEwen Mining Inc. is pleased to provide a summary of the Company’s Q2 operating results. During the quarter the Company delivered record production at lower costs.

Freyja Resources Inc. is pleased to announce that it has entered into an amended and restated pre-acquisition agreement with Cyprium Mining Corporation dated effective July 31, 2013 on substantially the same terms as the pre-acquisition agreement which was entered into between Freyja and Cyprium on June 14, 2013 (the “Original Agreement”). For further details regarding the Original Agreement, please see Freyja’s press release dated June 18, 2013.

Quaterra Resources Inc. announced today that it is seeking TSX Venture Exchange and NYSE MKT approval of a “best efforts” non-brokered private placement offering of up to 25,000,000 units at a price of US$0.10 per unit, for gross proceeds of up to US$2.5 million. Each unit will consist of one common share of the Company and one non-transferable common share purchase warrant exercisable into one common share at a price of US$0.15 for a period of 3 years from the date of closing. The private placement is expected to close on or about August 28, 2013, subject to finalization of subscription agreements and receipt of regulatory approval.

Mammoth Resources Corp. announced today the appointment of Mr. Paul Carroll to the company’s board of directors. Mr. Carroll has had a lengthy business career in the mining industry, both as a lawyer and as a director and officer of mining companies. He has been engaged in mineral exploration and mining in Canada, the US, Mexico, Central and South America, Africa, China, Russia and Kazakhstan. Mr. Carroll is President of Carnarvon Capital Corporation, a corporate management and advisory company based in Toronto, Canada.

Gold Resource Corporation reported its production results for the second quarter ended June 30, 2013 of 20,574 ounces precious metal gold equivalent (“AuEq”, calculated at actual sales price ratio of 60:1). Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $86 million to shareholders in monthly dividends since production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Silvercorp Metals Inc. reported its financial and operating results for the first quarter ended June 30, 2013.

AuRico Gold Inc. reports financial results for the three and six months ended June 30, 2013. The Company will host a conference call on Friday, August 9, 2013 beginning at 8:30 a.m. Eastern Time.

Golden Minerals Company announces results for the quarter ending June 30, 2013.