Lincoln Mining Corporation announces that, further to the Company’s news release dated May 2, 2014; it will proceed with a share consolidation of its issued and outstanding common shares. The Company’s name and trading symbol will remain unchanged.
Defiance Silver Corp. announces that it has arranged to settle an aggregate of $281,294 of outstanding debt owing to certain directors, officers and consultants by paying $82,108 in cash and issuing an aggregate of 1,991,920 common shares at a deemed price of $0.10 per common share.
Fred Stanford, President and CEO of Torex stated, “The El Limon-Guajes Project construction is on schedule and on budget, with over 900,000 hours of work without a lost time injury. The recently signed US375 million commitment letter for a debt agreement, once closed and assuming no additional capital requirements by the ESIA, will provide full funding for the Project and was a major de-risking step. Other recent de-risking steps include the receipt of the final required construction permits and the assembly of Torex’s outstanding construction team that will build and operate the project. Our current exploration effort has shifted to the evaluation of the Media Luna resource, and field surveys to identify additional drill targets similar to those that host ore deposits on the property. At the end of March 2014, of the US725 million Capex project budget, over US400 million has been committed and over US152 million has been invoiced. Building on our successful “on time-on budget” start-up, we are well positioned to pour our first ounce of gold in the third quarter of 2015.”
La compañía realizó un contrato con Credit Suisse a un plazo de 5 años para refinanciar sus notas no subordinadas con miras a fortalecer la empresa, darle mayor estabilidad y lograr un mejor perfil de amortizaciones.
SilverCrest Mines Inc. is pleased to announce its financial results for the first quarter ended March 31, 2014. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in U.S. dollars unless otherwise specified. The information in this news release should be read in conjunction with the Company’s unaudited condensed consolidated interim financial statements for the three months ended March 31, 2014 and associated management discussion and analysis are available from the Company’s website at www.silvercrestmines.com and under the Company’s profile on SEDAR at www.sedar.com.
Osisko Mining Corporation today reported net earnings of $24.2 million ($0.06 per share) for the first quarter of 2014 compared to $17.4 million ($0.04 per share) for the corresponding period of 2013. The Company generated cash flows from operating activities of $91.9 million during the first quarter of 2014 compared to $62.5 million in the first quarter of 2013.
Coeur Mining, Inc. today announced the results of its offer to exchange up to $150,000,000 aggregate principal amount of its outstanding 7.875% Senior Notes due 2021 for a like principal amount of its new 7.875% Senior Notes due 2021.
Tosca Mining Corp announces that it has completed an initial drill program on its Carol Copper project located in southern Sonora State, Mexico. The program consisted of six HQ size angled drill holes (-50 degree to -60 degrees) totaling 577 metres, that was designed to investigate the continuity and potential extent of skarn mineralization encountered in trenches and outcrop.
Cayden Resources Inc. is pleased to announce results for 9 additional drill holes from the Pena de Oro target at the Company’s El Barqueno Gold Property in Jalisco State, Mexico. Drilling highlights include 26 meters of 2.35 g/t Au in Hole 50, 30 meters of 1.61 g/t Au in Hole 49, 38 meters of 1.47 g/t Au and 0.67% Cu in hole 52, and 70 meters of 0.80 g/t Au and 0.49% Cu in hole 54.
San Marco Resources Inc. has signed an agreement granting the Company an option to acquire a 100% interest in the Cuatro de Mayo Project in eastern Sonora State, Mexico, subject to regulatory approval including the approval of the TSX Venture Exchange.
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