Month: April 2014

Virgin Metals Inc. is pleased to announce that further to its press release of March 27, 2014, the shareholders of the Company approved all resolutions brought before them at the special meeting of Shareholders held on April 16, 2014, including: the approval and ratification of a shareholder rights plan; the approval and ratification of an advance notice by-law; and the approval of a share consolidation and name change, all as set out in the Company’s management information circular dated as of March 17, 2014.

Argentum Silver Corp. announces the appointment of Barry Lee as Chief Financial Officer of the Company. Mr. Lee replaces Simon Anderson, who resigned to focus on other business interests. The board of directors of the Company wishes to thank Mr. Anderson for his many years of service to the Company.

Santacruz Silver Mining Ltd. is pleased to announce first quarter 2014 production of 159,729 silver equivalent ounces from the Company’s Rosario Mine in San Luis Potosi, Mexico. This production represents a 260% quarter over quarter increase as compared with Q4 2013 and demonstrates the Company is on schedule to meet its production target of between 850,000 to 1,100,000 silver equivalent ounces by the year-end 2014.

Avino Silver and Gold Mines Ltd. is pleased to report its financial results for the year ended December 31, 2013. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in Canadian dollars unless otherwise specified. The information in this news release should be read in conjunction with the Company’s audited consolidated financial statements for the year ended December 31, 2013 and associated management discussion and analysis which are available on the Company’s website at www.avino.com and under the Company’s profile on SEDAR at www.sedar.com.

Almaden Minerals Ltd. is pleased to report positive results from the maiden National Instrument 43-101 compliant Preliminary Economic Assessment on its 100% owned Ixtaca Gold-Silver deposit, Mexico. This deposit is a blind discovery made by the Company in 2010 on claims staked by the Company. The PEA was prepared by Moose Mountain Technical Services and Knight Piésold Ltd. The conclusions and recommendations of the PEA are that the Ixtaca deposit may be economically viable and the Company should proceed to a Pre-Feasibility study. Highlights of the PEA are summarised below (all values shown are in $US).

Oremex Silver Inc. announced today that further to its news release on April 1, 2014, the British Colombia Securities Commission issued a management cease trade order on April 1, 2014 for failure to its annual financial statements, CEO and CFO certifications and management discussion and analysis for the year ended November 30, 2013 by the deadline of March 30, 2013. The MCTO prohibits all trading by certain insiders of Oremex in securities of the Company until the order is revoked. The Company is required to provide bi-weekly status updates in accordance with National Policy 12-203 – Cease Trade Orders for Continuous Disclosure Defaults until the MCTO has been revoked of a full cease trade order issued.

Goldcorp Inc. announced Wednesday that it intends to nominate eleven directors to board of Osisko Mining Corp.

Osisko Mining Corporation, Yamana Gold Inc. and Agnico Eagle Mines Limited are pleased to announce that they have entered into an agreement pursuant to which Yamana and Agnico Eagle will jointly acquire 100% of Osisko’s issued and outstanding common shares for total consideration of C$3.9 billion or C$8.15 per share. The total offer consists of approximately C$1.0 billion in cash, C$2.3 billion in Yamana and Agnico Eagle shares, and creation of a new company with an implied value of approximately C$575 million.