Lincoln Mining Corporation reports it proposes to consolidate the Company’s common shares on the basis of one post-consolidation common share for every ten pre-consolidation common shares. In accordance with current TSXV policies, shareholder approval will not be required for the proposed consolidation. The proposed consolidation has been approved by the Company’s board of directors.
GOLDCORP INC. is pleased to announce the election of Mr. Clement A. Pelletier to its Board of Directors. Mr. Pelletier, 68, currently serves as Chief Executive Officer of Rescan Group Ltd., a Canada-based environmental consulting firm to the resource industry. The Company also announced that A. Dan Rovig has retired from the Goldcorp Board of Directors, leaving the number of directors at ten.
Virgin Metals Inc. announces that further to its press release of April 17, 2014, management of the Company has decided to implement the consolidation of the fully paid and issued common shares of the Company on the basis of one (1) post-consolidation common share for each ten pre-consolidation common shares issued and outstanding as approved by the shareholders of the Company at the special meeting of Shareholders held on April 16, 2014.
Fortuna Silver Mines Inc. announces that Mr. Tomas Guerrero has tendered his resignation from the board of directors of Fortuna. After over forty years of leadership in the mining industry, including joining the Fortuna board in 2005, Mr. Guerrero’s decision to resign stands from his desire to dedicate his time to family and personal business.
Golden Minerals Company announces results for the quarter ending March 31, 2014.
First Quantum Minerals Ltd. today announced comparative net earnings1 for the three months ended March 31, 2014 of $126.8 million or $0.22 per share inclusive of $26.7 million or $0.05 per share of unfavorable, recurring acquisition-related adjustments.
Candente Copper Corp. is pleased to announce, subject to regulatory approval, that it has agreed to carry out a non-brokered private placement to raise gross proceeds of approximately Cdn$1,000,000.
Agnico Eagle Mines Limited today reported quarterly net income of $108.9 million, or $0.63 per share for the first quarter of 2014. This result includes a non-cash foreign currency translation gain of $8.3 million ($0.05 per share), non-cash stock option expense of $9.5 million ($0.05 per share) and other non-recurring gains of $3.3 million ($0.02 per share). Excluding these items would result in adjusted net income of $106.8 million, or $0.61 per share. In the first quarter of 2013, the Company reported net income of $23.9 million, or $0.14 per share.
Paramount Gold and Silver Corp. reported today that a new set of structures has been discovered to the south of the richly endowed Guazapares Megastructure on its 100%-owned San Miguel Project and preliminary drilling has intersected sizeable widths of high-grade precious metals.
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