Month: February 2015

BACANORA MINERALS LTD. announces that the Directors of Bacanora have received a requisition from Rare Earth Minerals Plc under the Company’s governing corporate statute (the Business Corporations Act (Alberta)), to call a meeting of Bacanora shareholders for the purpose of passing a resolution appointing Mr. David Anthony Lenigas, current Executive Chairman of REM, as a director of Bacanora. In accordance with the ABCA, in the event that the Directors do not call for a special meeting within twenty-one days from receipt of a requisition, the requisitioning shareholder shall be entitled to call such a meeting.

Cyprium Mining Corporation is pleased to announce that it intends to complete a private placement of up to 500 units at a price of US $1,000 per Unit for aggregate gross proceeds of up to US $500,000. Each Unit will be comprised of US $1,000 principal amount of unsecured, non-convertible debentures, which will mature thirteen months from the date of issuance, and 400 common shares in the capital of the Corporation. The Debentures will bear interest at a rate of 14% per annum paid semi-annually in cash.

YAMANA GOLD INC. announces its mineral reserves and mineral resources for the year ended December 31, 2014.

Timmins Gold Corp. has today filed on SEDAR a National Instrument 43-101 technical report titled “Preliminary Economic Assessment Caballo Blanco Gold Heap Leach, Veracruz, Mexico” related to the Caballo Blanco Gold Project. The Technical Report has an effective date of May 7, 2012, was originally prepared for Goldgroup Mining Inc., and was readdressed to Timmins Gold on January 28, 2015. Information from the Technical Report was referred to in the Company’s press release dated December 18, 2014.

Agnico Eagle Mines Limited today reported a quarterly net loss of $21.3 million, or a net loss of $0.10 per share for the fourth quarter of 2014. This result includes a non-cash foreign currency translation loss on deferred tax liabilities of $20.3 million ($0.10 per share), various mark-to-market adjustment losses of $5.0 million ($0.02 per share), unrealized losses on financial instruments of $7.7 million ($0.04 per share), non-cash foreign currency translation losses of $7.0 million ($0.03 per share), non-cash stock option expense of $3.5 million ($0.02 per share) and non-recurring gains of $5.6 million ($0.03). Excluding these items would result in adjusted net income of $16.6 million ($0.08 per share) for the fourth quarter of 2014. In the fourth quarter of 2013, the Company reported a net loss of $780.3 million or a net loss of $4.49 per share, which included a $1.0 billion impairment loss.

YAMANA GOLD INC. declares a first quarter 2015 dividend o f$0.015 per share. Shareholders of record at the close of business on March 31, 2015 will be entitled to receive payment of this dividend on April 14, 2015. The dividend is an “eligible dividend” for Canadian tax purposes.

Almaden Minerals Ltd. is pleased to announce that it has closed a non-brokered private placement involving the issuance of 4,420,000 units at $1.25 per Unit. Each Unit consists of one common share of the Company and one-half of one non-transferable common share purchase warrant. Each Warrant allows the holder to purchase one common share of the Company at a price of $2.00 per share until February 11, 2016. Fees consisting of $212,626 in cash and warrants to purchase up to 49,410 common shares at a price of $1.28 per common share until February 11, 2016 were paid to finders on a portion of the placement.

BACANORA MINERALS LTD. is pleased to announce that it has achieved a ranking in the TSX Venture 50. The TSX Venture 50 are the top 10 companies listed on the TSX Venture Exchange, in each of five major industry sectors – mining, oil & gas, technology & life sciences, diversified industries and clean technology – based on a ranking formula with equal weighting given to return on investment, market cap growth, trading volume and analyst coverage. All data was as of December 31, 2014.