Day: December 17, 2014

NWM Announces Further Debt Extension to December 31, 2014; Provides Financing and Financial Update

NWM Mining Corporation announces that it has extended the due date of the current debt outstanding from September 30, 2014 to December 31, 2014. The extension provides further time for the company to continue its refinancing efforts. As previously announced, Global Resource Fund has agreed to continue to temporarily defer and accrue monthly interest payments. Additionally, Global Resource Fund has provided an additional $1,950,000 demand loan to cover several one-time payments required which will be repaid once delayed tax receivables from the Mexican tax authorities have been received. The demand loan carries an interest rate of 15%. While the Company is undertaking all efforts to successfully conclude a refinancing, there is no certainty that this will occur, and, if the Company fails to secure additional capital or otherwise restructure its business, in order to address its cash requirements, it may not have adequate liquidity to fund its operations and meet its obligations.

Coeur Mining to Acquire Paramount Gold and Silver

Paramount’s High-Grade Don Ese Deposit Expected to Provide Low-Capital, High-Margin, Near-Term Source of Future Production to Supplement Production from Coeur’s Palmarejo Mine

Substantial Development and Operating Synergies with Coeur’s Palmarejo Operation Anticipated to Create Significant Long-Term Value

Don Ese and Guadalupe Combined Expected to Produce an Average of Approximately Six Million Ounces of Silver and 110,000 Ounces of Gold Annually over the Next Eight Years

Tamino Minerals Provides a Corporate Update

Tamino Minerals, Inc. is pleased to announce to its shareholders and followers that it is making its final arrangements to close on a financing deal that will allow the company to become fully reporting in the very near future. In addition, this will allow Tamino Minerals, Inc. to fund its exploration, acquisition and operational activities at a more rapid pace and larger scale than previously anticipated.

REM (Rare Earth MInerals Plc) Completes £7m Funding.

Rare Earth Minerals Plc announces a funding of £7 million by way of a Placing and an Equity Swap Agreement with YA Global Master SPV, Ltd. at 0.9 pence per share. YAGM have contractually agreed that the effective date of the Swap Agreement commences on 1 February 2015.

Fortuna announces expansion of its San Jose Mine from 2,000 to 3,000 tpd

Fortuna Silver Mines Inc. is pleased to announce Board approval of two major capital projects for 2015 at the San Jose Mine in Mexico: mill expansion from 2,000 to 3,000 tonnes per day and construction of a dry stack tailings deposit and filter facility. The company is in a strong financial position to meet its capital budgets from operating cash flows and available liquidity.

All News