Favourable momentum continued to send Rare Earth Minerals (REM) higher on Tuesday after its joint venture (JV) partner in Mexico announced high recoveries of lithium carbonate, although predictions of a takeover proved a damp squib.
Timmins Gold Corp. is pleased to announce an updated Reserve and Resource Estimate for the San Francisco Gold Mine in the state of Sonora, Mexico, that was previously updated as of July 1, 2011. The San Francisco Gold Mine is comprised of the San Francisco deposit and the La Chicharra deposit. The update incorporates approximately 220,000 meters of drilling over 2012 and 2013, and is effective as of July 1, 2013.
Rare Earth Minerals PLC is pleased to announce a potentially significant development in the advancement of the Sonora Lithium Project in northern Mexico, of which REM has a 30% direct interest in the Fleur-El Sauz Concessions of the Project and an economic interest of 31.5% due to REM’s direct 2.2% shareholding in Bacanora Minerals Ltd. Bacanora has released the results of the preliminary metallurgical testing, the full text of which follows at the end of this announcement.
American Consolidated Minerals Corp. announces that it has settled on terms to undertake a private placement with Global Resources Investments Ltd. an arm’s length party to the Company. American Consolidated is seeking to raise $240,000 through the sale of 2,400,000 common shares at $0.10 per share.
Fortuna Silver Mines Inc. today reported revenue of $30.2 million, cash generated from operations, before changes in working capital of $7.6 million and a net loss of $0.3 million in the third quarter of 2013. Income before income tax was $2.2 million.
Shares of Bacanora Minerals nearly doubled in value on Monday after the company announced high lithium recoveries from preliminary metallurgical testing on samples from its La Ventana lithium deposit in Mexico.
Southern Silver Exploration Corp. reported today that Freeport-McMoRan Exploration Corporation has reported on results of first year operations, made an option payment of $100,000 and delivered plans for the first phase of second year operations on the Cerro las Minitas project in Durango State, Mexico.
Goldcorp Inc. is pleased to declare its eleventh monthly dividend payment for 2013 of $0.05 per share. Shareholders of record at the close of business on Thursday, November 14, 2013 will be entitled to receive payment of this dividend on Friday, November 22, 2013.
Rare Earth Minierals PLC Monday said Bacanora Mineral Limited, its joint venture partner in the Fleur-El Sauz Lithium Project in northern Mexico, has requested a trading halt of its shares on the Canadian Exchange.
Avino Silver and Gold Mines Ltd. is pleased to release further assay results from sampling along level 5 of the San Gonzalo vein. An additional 82 metres to the northwest and 160 metres to the southeast of the main crosscut across from the ramp on level 5 have now been sampled. The San Gonzalo Mine is located on the Avino property 80 km northeast of Durango, Mexico.
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