Month: January 2014

New royalty scheme a leveler in the Mexican silver space

We may be headed into a new year, but Chris Thompson, mining analyst with Raymond James, expects more of the same in the precious metals prices: volatility. In this Mining Report interview, he advises investors to play that volatility. He details why—despite its higher royalty tax—Mexico remains a silver powerhouse, and which companies will feel the royalty pinch most.

Goldcorp declares first monthly dividend payment for 2014

Goldcorp Inc. is pleased to declare its first monthly dividend payment for 2014 of $0.05 per share. Shareholders of record at the close of business on Thursday, January 16, 2014 will be entitled to receive payment of this dividend on Friday, January 24, 2014.

Nyrstar: LESOP Executive Share Acquisition

Today, several members of the Nyrstar Management Committee notified the Belgian Financial Services and Markets Authority (FSMA) that they acquired Nyrstar NV shares. The acquisition took place in the framework of the management incentive program known as the Leveraged Employee Stock Ownership Plan (LESOP) that was approved by the company’s shareholders at the Annual General Meeting (AGM) of 24 April 2013. The LESOP has been made available amongst Nyrstar’s executive management, including the members of the Nyrstar Management Committee.

Mexico update – tax reform – mining companies

Mexico’s legislature has approved substantive tax reforms. Some of these changes will have a direct impact on mining companies operating in Mexico. These are some of the more important changes.

Quaterra Responds To Continuous Disclosure Review

Quaterra Resources Inc. announces that as a result of a review by the British Columbia Securities Commission, it is issuing this news release to clarify its disclosure regarding the following issues.

AuRico Gold Declares Quarterly Dividend

AuRico Gold Inc. today announced that its Board of Directors has declared a dividend payment of $0.04 per share for the fourth quarter ending December 31, 2013, payable on January 29, 2014 to shareholders of record at the close of business on January 14, 2014.

Virgin Metals Inc. Sells Cuatro Hermanos

Virgin Metals Inc. announced today the sale of their Cuatro Hermanos project in Sonora Mexico to Insumos Y Fertilizantes Agricolas Sacramento S.A. De C.V. a privately held corporation with head office in Culiacan, Sinaloa, Mexico. The project was purchased for $1,500,000 in cash payable immediately upon the close of the transaction. The transaction has been approved by the TSX Venture Exchange.

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