New Gold Inc. today announces first quarter 2014 operational and financial results. The company produced 91,317 ounces of gold at record-low all-in sustaining costs of $674 per ounce, resulting in strong free cash flow generation.
Maxim Finskiy, 22 Tverskaya, Ulitsa, Moscow 125009, Russia, announces that, pursuant to a private placement financing he acquired, through MMC Holding, 6, rue Eugene de Ruppert L-2453, Luxembourg, Grand Duchy of Luxembourg, a company controlled by him, beneficial ownership of and/or control or direction over 10,928,181 common shares of Red Tiger Mining Inc., representing approximately 9.7% of the issued and outstanding common shares of Red Tiger. Finskiy paid CDN$0.055 per Red Tiger common share pursuant to the Private Placement.
Gold Resource Corp has released a reserve study for its La Arista underground mine on its El Aguila project in Mexico, showing proven and probable reserves of 381,400 ounces of gold equivalent at an average grade of 8.76 grams per tonne.
Soltoro Ltd. has provided Gold Reserve Inc. a six month work extension to complete required expenditures due in the second year of the three year option at Soltoro’s 100% owned La Tortuga project. Gold Reserve has provided Soltoro with a promissory note for US$150,000 payable on June 10, 2014 as consideration for the anniversary payment due on April 26, 2014.
Gold Resource Corporation has completed a reserve study and issued a report demonstrating proven and probable reserves consistent with Industry Guide 7 promulgated by the U.S. Securities and Exchange Commission for its La Arista Underground Mine on the El Aguila Project with 381,400 ounces of precious metal gold equivalent (AuEq) at an average grade of 8.76 grams per tonne AuEq.Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico.The Company has returned over $96 million to shareholders in monthly dividends since declaring commercial production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
Levon Resources Ltd. is pleased to report final drill hole assays from the Phase 4 drilling completed February 13, 2014 on the recently acquired Aida claim at the Company’s wholly owned Cordero project near Hidalgo Del Parral, Chihuahua, Mexico. Twenty four core holes 13,072 metres were drilled on a 100 to 150 m line spacing drill grid, testing the Aida claim which is located in the center of the Cordero resource.
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