Alain Lambert, Chairman of the Company stated: “With the financing announced today we have now completed CDN $1,500,000 of financings in the last five days. The small equity financing we closed today is in addition to the US $1 million first tranche financing disbursed on Friday April 17. Friday’s disbursement is part of a larger US $4.5 million which we announced in early March…
La Mina Aquila, en Michoacán, propiedad de Ternium, suspendió sus operaciones temporalmente debido a los bloqueos carreteros por parte de la comunidad indígena de San Miguel de Aquila.
Alamos Gold Inc. today announced the closing of its previously announced non-brokered private placement pursuant to which Alamos subscribed for approximately 27.9 million common shares of AuRico Gold Inc., representing approximately 9.9% of AuRico’s outstanding common shares after giving effect to the private placement. The common shares were acquired at a price of US$2.99 per share, equal to AuRico’s closing price on the New York Stock Exchange on April 10, 2015, for total gross proceeds to AuRico of approximately US$83.3 million.
AuRico Gold Inc. today announced the closing of its previously announced non-brokered private placement pursuant to which Alamos Gold Inc. subscribed for approximately 27.9 million common shares of AuRico, representing approximately 9.9% of AuRico’s outstanding common shares after giving effect to the private placement. The common shares were acquired at a price of US$2.99 per share, equal to AuRico’s closing price on the New York Stock Exchange onApril 10, 2015, for total gross proceeds to AuRico of approximately US$83.3 million.
Mexus Gold US announced an update on its placer operation and ongoing negotiations for underground mining at the Julio. On April 8th, a $10,000 payment was received from its Mexican corporation. The placer is not yet running at full capacity but is starting to pay the bills. Vice President Julio Baltazar added, “We are working hard to get the mine to full production and each day we are moving closer to accomplishing that goal.”
Golden Minerals Company announces the results of Canadian National Instrument 43-101 compliant mineral resource estimates for deposits at the Santa Maria Mine and the Los Azules Mine properties. Both properties are located in southern Chihuahua State,Mexico within 30 kilometers of the town of Hidalgo del Parral near the Parral mining district.
Despite the integration and some difficult restructuring in Mexico, we had a very solid operational quarter as both mines performed at or above budget, said Scorpio Mining President & CEO Darren Blasutti. For the remainder of the year, we will stay focused on further reducing costs and improving productivity across the organization while continuing to ramp up silver-lead production at the Galena Complex.
When gunmen in Mexico carried out one of the worlds biggest ever gold heists this month, Canadian pit operator McEwen Mining was left looking at $8.5 million in lost metal.
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