Month: September 2016

Silver Bull Resources, Inc. announces the expiry of common share purchase warrants issued by the Company on May 19, 2016, June 3, 2016 and June 29, 2016, and exercise of 3,120,000 Warrants prior to their expiration for gross proceeds of CDN$499,200.

Rare Earth Mineral Plc has agreed to acquire a further 4.5 million existing ordinary shares in Bacanora Minerals Ltd for a consideration of £4.5 million [via an on market transaction]. Completion is due by the end of the month.

“Charlie will be a tremendous addition to our Board of Directors,” said Ian Telfer, Chairman of the Board of Goldcorp. “His technical knowledge and operational experience will be invaluable as we continue to optimize our portfolio and advance our organic pipeline.”

La producción minera de oro en nuestro país reportó un crecimiento de 14.4 por ciento en 2015 con respecto a 2014, alcanzando un total de 4.3 millones de onzas. “Este volumen es cinco veces más del correspondiente a 2001 (756 mil onzas), permitiendo que México se mantenga entre los ocho principales países productores de oro en el mundo”, según informes revelados por la Cámara Minera de México (Camimex).

At the Meeting, the shareholders approved:

the re-election as directors of the Company of all of the nominees listed in the Circular; and
the re-appointment of Smythe Ratcliffe as the Company’s auditors.

Mr. Davila commented: “I have made the decision to resign due to the fact that I have accepted a position as the new Minister of Economic Development for the State of Durango in Mexico. I look forward to continuing my support for the mining industry in this new senior position within the government for the benefit of both Durango and Mexico. I would like to thank the Board of Directors, management and the shareholders of First Majestic for their continuous support.”

The net proceeds from the Offering will be used by Prospero to advance Prospero’s existing project portfolio to drill-ready status, to expand the project portfolio by possible new acquisitions, and for general working capital purposes. Strategic joint ventures will also be sought.

“We continue to report positive cash flow,” said Robert Eadie, President of the Company, “and the improved market for metal prices and our ability to keep costs per ounce low have allowed us to report a profit this quarter despite lower equivalent gold production for the quarter.”