Month: March 2014

Monetization From Record-Setting Silver Recovery Drives Record Quarterly Revenue of $17.2 Million and Record Quarterly Net Profit of $10.8 Million or $0.13 Per Share.

Fresh from the Letter Writer Presentations track at the Prospectors and Developers Association of Canada (PDAC) conference, The Gold Report asked thought leaders to share their impressions from the annual minefest. Adrian Day Asset Management Founder Adrian Day,Exploration Insights Publisher Brent Cook, House Mountain Partners Founder Chris Berry and The Daily Gold Premium Publisher Jordan Roy-Byrne used terms such as “realistic” and “muted.” Eric Coffin, editor of Hard Rock Analyst, posited that the lack of excitement might actually benefit the few companies that rose on good conference-timed news because it removed the chance of a “PDAC curse” dropping stock prices after the event. Let’s see if all the voices agree.

Goldgroup Mining Inc. advises that the lawsuit filed against it and others in Dallas County District Court by DynaResource, Inc. and DynaResource de Mexico, S.A. de C.V. has been retracted by the plaintiffs effective March 7, 2014 with all parties bearing their own costs and attorneys’ fees incurred.

Santacruz Silver Mining Ltd. is pleased to announce the closing of its prospectus offering announced on February 12, 2014 through a syndicate of underwriters led by Canaccord Genuity Corp. and including Raymond James Ltd. The Company issued 10,750,000 common shares at a price of $1.00 per Common Share for gross proceeds of $10,750,000. The Underwriters received a cash fee equal to 6% of the gross proceeds of the Offering, as well as 645,000 warrants, each of which is exercisable to purchase one Common Share for a price of $1.00 for a period of 24 months. Canaccord was also issued an additional 100,000 Common Shares as a corporate finance fee.

“Northair is extremely pleased to have a geologist with the experience and abilities of Mr. Birak join its Advisory Board” said Fred Hewett, President & CEO of Northair. “Don will be an excellent source of advice as the Company advances its La Cigarra silver project. We welcome Mr. Birak and look forward to his valued input as the newest member of our team.”

San Marco Resources Inc. announces that it proposes to carry out a non-brokered private placement of 8,000,000 units at $0.05 per unit for gross proceeds of up to $400,000.

Tarsis Resources Ltd. is pleased to announce that Mr. Jason Weber, P.Geo., has been appointed to its Board of Directors. Mr. Weber is a geologist with over 20 years of experience in the minerals exploration industry.

Endeavour Silver Corp. announced today its financial results for the year ended December 31, 2013, based on the Company’s ninth consecutive year of growing silver and gold production. Endeavour owns and operates three underground silver-gold mines in Mexico: the Guanaceví mine in Durango state, and the Bolañitos and El Cubo mines in Guanajuato state.

Great Panther Silver Limited today reported financial results for the Company’s year ended December 31, 2013. The full version of the Company’s financial statements, Management’s Discussion and Analysis, and Annual Information Form can be viewed on the Company’s website at www.greatpanther.com , or SEDAR at www.sedar.com . All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in Canadian dollars unless otherwise indicated.

Q4 Production 37,167 Gold Eq. Oz – Cash Cost $751/oz – All-In Sustaining Cost $1,102/oz. 2013 Full Production 139,445 Gold Eq. Oz.