West Melville Metals Inc. announces today that the directors have approved a consolidation of the Company’s issued and outstanding common shares at a ratio of one new share for ten old shares. The Company currently has 52,605,451 common shares outstanding and after the consolidation of its share capital will have 5,260,545 outstanding.
Kootenay Silver Inc. is pleased to announce results from the final three holes of its Phase II drill program on the La Negra Diatreme Silver discovery on its Promontorio property in Sonora, Mexico. The final three holes of the program were designed to test variously La Negra’s northeastern extension, the western end, and another deep test of the diatreme breccia. High-grade intercepts were encountered in two of the three final holes expanding the extent of the mineralized breccia to the northeast and to depth…
Grupo México ha insistido en la “solvencia técnica y económica” de la empresa y de su proyecto minero para Aznalcóllar, de forma que han apuntado que muestra de la capacidad financiera de la entidad, la sociedad creada para la ejecución de dicho proyecto, llamada ‘Minera Los Frailes’, cuenta ya a día de hoy con fondos propios libres por un importe de más de 93 millones de euros.
BACANORA MINERALS LTD. is very pleased to announce the appointment of Mr. Peter Secker as the new Chief Executive Officer of the Company. Mr. Secker has over 30 years’ experience in developing, constructing and operating mines, and most recently, has direct experience of working with lithium projects. His appointment as CEO is in line with the Company’s strategy to continue to advance its pre-feasibility studies and to continue to evaluate and progress its path towards production for both the Sonora Lithium Project and the Magdalena Borate Project in Mexico…
El proyecto minero de Grupo México en Arequipa, Perú, ha convertido a esa comunidad en una zona de disturbios que se han extendido a otras regiones del país. Las autoridades peruanas investigan el intento de soborno de líderes disidentes por parte de la filial del mexicano Germán Larrea, mientras que miles de ciudadanos han iniciado movilizaciones para llamar a la paz.
Australia miners will explore opportunities in Latin America during the ‘Latin America Down Under’ conference, on May 20 and 21 in Sydney, organizers said Monday.
United States Antimony Corporation reported that its Mexican subsidiary, USAMSA, has received IMMEX certification. This allows the Company to import raw materials without paying a 16% value added tax as long as it exports 60% of the value of the raw materials in a twelve month period.
As previously announced, AuRico Gold Inc. has entered into a definitive agreement with Alamos Gold Inc. to combine their respective companies by way of arrangement. Under the terms of the Merger, and subject to adjustment as provided in the Arrangement Agreement between the Company and Alamos, holders of Alamos shares will receive, for each share held, 1 share in the combined company and US$0.0001 in cash, and holders of AuRico shares will receive, for each share held, 0.5046 MergeCo shares. Currently, the parties expect the effective date of the Merger to occur in July, 2015.
Almaden Minerals Ltd. announces that, further to its news releases dated October 21, 2014, December 15, 2014 and March 2, 2015, the Company has filed its Notice of Annual General and Special Meeting of Shareholders and the related Management Information Circular which describes, amongst other things, the proposed spin-out of Almaden’s early stage exploration projects, royalty interests and certain other assets, into a new public company to be called Almadex Minerals Limited.
Fred Stanford, President and CEO of Torex said: “With construction at 60% complete at the end of April and with mining ahead of schedule with 700,000 tonnes in stock pile, we are well on track for our first gold pour by the end of this year. A total of 1,200 direct construction workers are currently at the main processing plant site and approximately 3,000 workers are involved in the project site as a whole…
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