Month: July 2014

Formation Metals Pursues EV Battery Sector Cobalt Opportunities

Formation Metals Inc. is providing an update to shareholders on recent corporate and cobalt sector developments. Over the last few months, Formation has been actively pursuing several opportunities resulting from the significant increase in long term demand for cobalt from the rechargeable battery sector required for electric vehicles and hybrid electric vehicles where cobalt is one of the key components.

Avino Closes Previously Announced Acquisition Of Common Shares Of Bralorne Gold Mines Ltd.

Avino Silver and Gold Mines Ltd. is pleased to announce that further to its press release dated June 26, 2014, it has privately acquired 9,500,000 common shares of Bralorne Gold Mines Ltd. for a purchase price of CAD$0.28 per share (CAD$2.66 million in total), representing approximately 33.3% of Bralorne’s total issued and outstanding shares. Other than 179,149 common shares of Bralorne previously held by Avino, neither Avino, nor any other persons acting jointly or in concert with Avino, previously held any other securities of Bralorne. Accordingly, Avino owns upon completion of the transaction, a total of 9,679,149 common shares of Bralorne, representing approximately 34% of the total issued and outstanding shares of Bralorne.

Agave Announces Retirement of Director and Appointment of Two New Directors

Agave Silver Corp. today announced that Dr. Darryl Drummond, P.Eng. has retired from the Board of Directors of the Company effective immediately. Dr. Drummond will remain with the Company in an advisory capacity on an ad hoc basis as required. Additionally, the Company is pleased to announce that Dr. Derek McBride, P.Eng. (Ontario/British Columbia) and Mr. Rob Paul have been appointed to the Board of the Company effective immediately.

Yamana Gold Announces Senior Management Appointment

YAMANA GOLD INC. today announced Barry Murphy has joined the Company’s senior management as Senior Vice President, Technical Services, effective September 3, 2014. In his new role, Mr. Murphy will be responsible for all project development and construction, and help develop Yamana’s strategy for optimizations, expansions and corporate development.

Coeur Reports Second Quarter Production Results

Coeur Mining, Inc. today announced preliminary second quarter production of 4.5 million ounces of silver and 61,025 ounces of gold, or 8.1 million silver equivalent ounces1, an increase of 7% compared to the first quarter.

GoGold Receives $9,131,940 From Early Warrant Exercise Incentive Program

GoGold Resources Inc.is pleased to announce the successful completion of its early warrant exercise incentive program as described in a press release dated June 20, 2014. In connection with the Warrant Incentive Program, 6,046,650 Warrants were exercised, providing gross proceeds of $9,131,940 to the Company and resulting in the Company issuing 6,696,756 Common Shares.

All News