Conversion of $300,000 of the debt by Radius results in its holding approximately 13% of the currently issued shares of the Company, said President, Lawrence Page Q.C. We welcome Radius as a significant shareholder of our Company due to the depth of experience of its principals in the mineral exploration sector. This transaction, coupled with the recent acquisition by Electrum Global Holdings…
Audra Walsh, President and CEO of Sierra Metals, commented: 2014 was an exceptional year for the Company, as reflected in this years financial and operational results. Revenues and operating cash flows in 2014 increased by 20% and 124%, respectively, despite a 19% and 7% decline in annual realized silver and copper prices, respectively. The increase in revenues in 2014 was driven mainly by higher throughput at our three operating mines…
Two financings in Canadas metals and mining sector were called off on Thursday, a reminder that market conditions remain fragile and volatility can scuttle managements best-laid plans very quickly.
Gold Resource Corporation declares its monthly instituted dividend of $0.01 per common share for March 2015 payable on April 23, 2015 to shareholders of record as of April 13, 2015. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA.
Riverside Resources Inc. is pleased to announce that it has signed an option agreement with Argonaut Gold Inc. to acquire a 100% interest in the Glor Gold Project, located approximately 8 km west of AuRico’s El Chanate Mine in Sonora, Mexico. The Project acquisition and initial mapping and sampling work was completed as part of alliance funded activities through Riverside’s strategic alliance with Hochschild Mining Plc.
Northair Silver Corp. is pleased to announce positive results from its ongoing mapping and sampling program at its flagship La Cigarra silver project located in Chihuahua State, Mexico.
Timmins Gold Corp. is pleased to announce that the Company is scheduled to mail its Management Information Circular dated March 23, 2015 in connection with its previously announced arrangement with Newstrike Capital Inc. on March 30, 2015. The annual and special meeting of Timmins Gold security holders to vote on the Arrangement and other corporate matters is scheduled for April 29, 2015.
Santacruz Silver Mining Ltd. is pleased to announce that the Company has received approval from PROFEPA and SEMARNAT (Mexico’s environmental regulatory authorities) to resume operations at its Rosario Mine, located near Charcas, San Luis Potosi. Accordingly, the Company has recommenced operations at its Rosario Mine. The approval was received following completion of the remediation and cleanup of an approximate amount of 2,000 m3 of tailings pulp discharged outside of the Rosario Mine tailings impoundment system on January 2, 2015.
Radius Gold Inc. announces that as a result of the conversion of $300,000 of a debt owing to Radius by Southern Silver Exploration Corp. Radius has acquired direct ownership of 6,000,000 common shares in Southern Silver. The Shares were issued at a deemed price of $0.05 per Share and represent 13.49% of Southern Silver’s outstanding common shares.
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