Month: March 2014

Gold Resource Corporation declares its monthly instituted dividend of 0.01 per common share for March 2014 payable on April 23, 2014 to shareholders of record as of April 11, 2014. Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico.

Endeavour Silver Corp last month shared its latest National Instrument 43-101(NI 43-101) silver and gold reserve and resource estimates for its silver producing mines in Mexico as of 2013 end. The company’s management anticipating metal prices will likely be higher in the medium and longer terms the price tagged were 10% higher at US$1452 per oz gold and $24.20 per oz silver for the resource estimates. During 2013, the company’s Silver Proven and Probable Reserves were 11.6 million ounces witnessing a decrease of 50%. Gold Proven and Probable Reserves saw a dip by 37% reporting at 139,400 ounces. Silver Equivalent Proven and Probable Reserves reduced by 41% to 25.9 million oz. Silver Measured and Indicated Resources increased by 4% at 60.7 million oz. Gold Measured and Indicated Resources went up 6% to 556,300 oz. Silver Inferred Resources decreased by 13% to 40.6 million oz. Gold Inferred Resources also dipped by 15% to 396,320 oz. According to the company’s CEO Bradford Cooke, CEO, due to low precious metal prices, Reserve and resource growth impacted company’s operational and financial results.

Primero Mining Corp. announced today that it has closed the previously announced secondary offering of Primero shares held by Goldcorp Inc. A total of 31,151,200 Primero common shares held by Goldcorp were sold at an offering price of C$7.20 per share. The Offering was completed through a syndicate of underwriters led by Canaccord Genuity Corp. and including CIBC World Markets Inc., GMP Securities L.P., RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc.

Goldcorp Inc. is pleased to announce that it has completed the previously announced secondary offering of 31,151,200 Common Shares of Primero Mining Corp. at a price of C$7.20 per share for gross proceeds to Goldcorp of approximately C$224 million. The underwriting syndicate was led by Canaccord Genuity Corp. and included CIBC World Markets Inc., GMP Securities L.P., RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc. Goldcorp no longer owns any shares of Primero. Primero did not receive any proceeds from the offering.

American Consolidated Minerals Corporation announces that it has arranged a non-brokered private placement of up to 20,000,000 units at a price of $0.05 per Unit for gross proceeds of up to $1,000,000.

Orex Minerals Inc. is pleased to announce that it has closed the final tranche of its private placement announced on February 27, 2014, issuing 10,000,000 units of the Company at a price of $0.25 per Unit for aggregate gross proceeds of $2,500,000. Each Unit consists of one common share and one half of a common share purchase warrant. Each whole warrant will be exercisable for one common share of the Company at $0.30 for a period of 24 months from closing, expiring March 25, 2016. The shares sold in the final tranche of the placement and warrants comprising the Units and any shares issued upon the exercise of the warrants are subject to a hold period which expires on July 26, 2014.

Greg Myers, CEO and President of Caza Gold Corp., announces that the Company has granted approximately 2.8 million stock options to directors, officers, consultants and employees, with an exercise price of $0.15 per share. The options are exercisable for a period of five years and are subject to vesting provisions.