Institutional Shareholder Services Inc. and Glass Lewis & Co., two leading proxy advisory firms, have recommended that shareholders of Esperanza Resources Corp. vote FOR the plan of arrangement with Alamos Gold Inc. to be voted on at a special meeting of the shareholders of Esperanza on August 27, 2013.
El Tigre Silver Corp. is pleased to announce the filing on SEDAR of its National Instrument 43-101 Preliminary Feasibility Study for the El Tigre Silver & Gold Project, Municipio De Nacozari De Garcia, Sonora, Mexico on the El Tigre silver and gold project in Sonora, Mexico. The report was prepared by Hard Rock Consulting. The PFS supersedes the “National Instrument 43-101 Technical Report, El Tigre Silver Property, Municipio De Nacozari De Garcia, Sonora, Mexico” prepared by Thomas R. Gibson, P. Geo and filed on SEDAR on October 28, 2011.
Gold Reserve Inc. announces that it intends to complete, subject to the approval of the TSX Venture Exchange, a non-brokered private placement with certain significant shareholders of the Company for gross proceeds of US $5,250,000 consisting of 1,750,000 units of securities of the Company at a price of US $3.00 per Unit. Each Unit comprises one Class A common share of the Company and one-half of one Common Share purchase warrant, with each Warrant exercisable by the holder for a period of 2 years after its issuance to acquire one Common Share at a price of US $4.00 per share. The proceeds will be used by the Company for general working capital purposes.
Thank you, operator, and good morning, ladies and gentlemen. Welcome to Pan American Silver’s 2013 Second Quarter Results Conference Call. Today, I’m joined by our President and CEO, Geoff Burns; our Chief Operating Officer, Steve Busby; our Executive Vice President of Corporate Development and Geology, Mr. Michael Steinmann; and our Chief Financial Officer, Rob Doyle.
Mammoth Resources Corp. would like to announce a second tranche closing of $163,500 in additional subscriptions for total proceeds of $270,620 on its previously announced private placement financing to include up to 10,000,000 units of the Mammoth’s shares at a price of $0.05 per Unit to raise gross proceeds of up to $500,000. Each Unit will be comprised of one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder to acquire an additional common share of the Company for a period of 24 months from the date of issue at a price of $0.08 per common share.
The following corrects and replaces the release issued earlier today on behalf of Starcore International Mines Ltd. Please note that the headline incorrectly stated the Gold Equivalent Ounces as 6.315 instead of 6,315.
GoGold Resources Inc. is pleased to announce that it has received the environmental permits for mine construction from the Mexican Department of Environment (Semarnat). The permit includes acceptance of the environmental impact assessment and the change of land use permit, for its Parral Tailings Project in Chihuahua State Mexico. The Parral Tailings Project construction is expected to start imminently with commissioning taking place during the first quarter of 2014.
SilverCrest Mines Inc. is pleased to announce its financial results for the second quarter ended June 30, 2013. All financial information is prepared in accordance with IFRS, and all dollar amounts are expressed in U.S. dollars unless otherwise specified. The information in this news release should be read in conjunction with the Company’s unaudited condensed consolidated interim financial statements for the three and six months ended June 30, 2013 and associated management discussion and analysis (“MD&A”) which are available from the Company’s website at www.silvercrestmines.com and under the Company’s profile on SEDAR at www.sedar.com.
Pan American Silver Corp. produced 6.2 million ounces of silver and 29,900 ounces of gold during the quarter ended June 30, 2013, generating revenue of $175.6 million and operating cash flows before interest and income taxes of $23.7 million. Given the sharp decline in precious metals during the reporting quarter, the Company incurred a net loss of ($187.1) million or ($1.23) per share, which included a $185.2 million non-cash impairment charge mainly against the goodwill that arose from the purchase of the Dolores mine last year.
Big North Graphite Corp. announces that it has completed its first graphite sale. The Company recently sold 200 tons of amorphous graphite, mined from the Company’s Nuevo San Pedro mine and additional feed mines located in Sonora Mexico, to a customer within Mexico. The graphite sold was a mine run, semi-processed product, consisting of a 3/4 inch minus size, yielding an average grade of 68% Cg. The mined graphite was processed at Big North’s processing facility located near the town of La Colorada, Mexico.
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