Alta Vista Ventures Ltd. is pleased to report that all resolutions were passed at its Annual General Meeting held on April 11, 2014. The Board of Directors and management would like to thank all shareholders for their continued support and confidence.
Torex Gold Resources Inc. is pleased to announce the signing of a binding commitment letter with Bank of Montreal, BNP Paribas, Commonwealth Bank of Australia, ING Bank N.V., Société Générale, and The Bank of Nova Scotia in connection with a planned US $375 million 8.25-year senior secured project finance facility for the development of the El Limon — Guajes Project (the “Project”), located on the Company’s 100% owned Morelos Gold Property in Mexico. The commitment letter confirms that each bank has committed to provide its designated share of the Loan Facility and sets out the terms and conditions of the Loan Facility in a term sheet attached thereto. The Loan Facility is comprised of two facilities, a project finance facility of US $300 million and a cost overrun facility of US $75 million. Advances under the PFF will bear interest at a rate of LIBOR + 4.25% to 4.75% and advances under the COF will bear interest at the same rate plus an addition of up to a maximum of 3%. The Term Sheet includes standard and customary project finance terms and conditions with respect to fees and conditions precedent to closing and advances thereunder (including satisfaction of remaining customary due diligence and other approvals) and also remains subject to the completion and execution of definitive loan documentation. One of the customary due diligence items that remains outstanding is the acceptance, by the Banks, of the Environment and Social Impact Assessment, which is anticipated to be complete in early May.
Sutter Gold Mining Inc. announces that the Board of Directors has appointed a new Chief Financial Officer in an effort to further reduce ongoing general and administrative costs while maintaining financial and reporting standards.
Energold Drilling Corp. is pleased to announce that it has appointed Marlene Stewart as Corporate Secretary.
Endeavour Silver Corp. announces that exploration drilling at the El Cubo mine in Guanajuato State, Mexico has extended the recently discovered high grade, silver-gold mineralized zone in the Asuncion area of the Villalpando vein system (V-Asuncion) to over 800 metres long, still open at depth and to the southeast for expansion.
Sierra Metals Inc. is pleased to announce its production results for the first quarter of 2014.
Argonaut Gold Inc. announced today that the Company had production of 30,963 gold equivalent ounces during the first quarter ended March 31, 2014. This included 22,171 GEOs at its 100% owned El Castillo Mine located in Durango, Mexico and 8,792 GEOs at its 100% owned La Colorada Mine located near Hermosillo, Mexico.
Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to announce first quarter 2014 production results from the La Platosa Mine in Durango, Mexico.
Candente Gold Corp. is pleased to report that JDS Energy and Mining Inc. has conducted a high level conceptual study for a Tailings Recovery Operation near to Candente Gold’s El Oro site in Mexico. The Company’s strategy is to look for opportunities to develop cash flow in the near term with relatively low capital costs. Study results indicate that the Mexican mine tailings from El Oro have the potential to meet this criteria and justify further study on the economic potential of a TRO.
Marlin Gold Mining Ltd. announces that the Company has approved a non-brokered private placement equity financing with Wexford Spectrum Trading Limited and Wexford Catalyst Trading Limited, existing shareholders of the Company, for gross proceeds to the Company of up to $5,000,000. The Company expects to issue up to 50,000,000 common shares in connection with the Offering at a purchase price per common share of $0.10.
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