Day: November 7, 2013

The Canada based gold miner, Yamana Gold (AUY), has one of the lowest cash costs in the industry and strong growth profile which makes it one of the most attractive investments in the gold industry. The company is looking at a strong finish to 2013 as production at Gualcamayo increases significantly and a number of other mines are also expected to ramp up for the final quarter. Production at Gualcamayo, one of the largest gold mines in Argentina and in the world, is expected to increase significantly as the company commences operations in Phase III and begins operations at QDD Lower West. AUY has one of the lowest cash costs in the industry and while staying in the lowest cost quartile the company is expected to grow production by 15% in 2014. Moreover, with an expected drop in development spending in 2014, AUY’s FCF performance should also improve next year.

Timmins Gold Corp. is pleased to announce the results of the recently completed NI 43-101 Technical Report for the San Francisco Gold Mine in Sonora, Mexico prepared by Micon International Limited of Toronto. The report was prepared to update the previous technical report for the SF Mine dated November 1, 2011, and to provide a base case scenario for production at the SF Mine as a result of a material increase in the estimated Mineral Reserves from the 2012-2013 drill program (43% increase in Reserve gold ounces excluding depletion). For details of the updated Reserve and Resource estimates please refer to our new release dated November 5, 2013 disseminated earlier today. All amounts are presented in United States dollars and the economic evaluation is presented on a pre-tax basis.

Torex Gold Resources Inc. announced today its financial results for the three and nine months ended September 30, 2013.