CUT stock price moved further away from its multiyear lows after gaining 15.4% over Wednesday’s sessions and spiking way above the 200 day MA. Concurrently with the price move CUT also recorded the heaviest daily trading volume for the past three years. 3.3 million shares changed hands which is substantially above the 90 day average of 130 thousand.
Vancouver, British Columbia – Parlane Resource Corp. (the “Company”) is pleased to announce that it has arranged a non-brokered private placement of up to 10,000,000 units (the “Units”) at a price of $0.15 per Unit for gross proceeds of up to $1,500,000.
Agnico-Eagle Mines Limited (“Agnico-Eagle” or the “Company”) today reported a quarterly net loss of $601.4 million, or a loss of $3.53 per share for the fourth quarter of 2011. This result includes a $644.9 million partial writedown of the Meadowbank mine ($3.79 per share), a non-cash foreign currency translation loss of $3.6 million ($0.02 per share), stock option expense of $8.1 million ($0.05 per share), non-recurring tax audit expenses of $11.1 million ($0.07 per share), and other non-recurring expense items of $10.0 million ($0.06 per share). Excluding these items would result in normalized net income of $76.2 million ($0.45 per share) in the fourth quarte r of 2011. In the fourth quarter of 2010, the Company reported net income of $88.0 million ($0.53 per share).
Oro Mining Ltd. (“Oro Mining” or the “Company”) (TSX VENTURE:OGR) announces that further to the news release dated February 2, 2012, the Company has increased the brokered private placement of units at $0.11 per unit from up to 52,272,728 units to up to 71,837,000 units for aggregate gross proceeds of up to $7,902,070. As previously disclosed, each unit is comprised of one common share and one-half of one non-transferable common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at an exercise price of $0.20 for two years from the date of closing.
High Desert Gold Corporation (TSX VENTURE:HDG)(OTCQX:HDGCF) (“HDG” or the “Company”) is pleased to report that HDG and Haywood Securities Inc. have agreed to increase the size of HDG’s previously announced private placement (the “Private Placement”) to an aggregate size of up to 21 million units of the Company (each a “Unit”) for total gross proceeds of up to approximately $4.7 million.
GOLDCORP INC. reported fourth quarter gold production of 687,900 ounces at a total cash cost1 of $261 per ounce, leading to record revenues of $1.5 billion and operating cash flows before working capital changes2 of $831 million. Reported net earnings in the quarter were $405 million compared to $560 million in the fourth quarter of 2010. Adjusted net earnings3 were $531 million, or $0.66 per share, compared to $431 million, or $0.59 per share, in the fourth quarter of 2010.
VANCOUVER, BRITISH COLUMBIA, Feb 15, 2012 (MARKETWIRE via COMTEX) — First Mexican Gold Corp. (the “Company” or “FMG”) (frankfurt:21M) is pleased to report that the acquisition of 100% of the Guadalupe project has been completed in Yecora District of Sonora State, Mexico from Minera Internacional Milenio S.A. de C.V. (MIMSA), a wholly owned subsidiary of International Millennium Mining Corp. (IMMC). This project now is comprised of Hilda 30, Hilda 37/38 properties, Hilda 31/32 plus Santa Martha, El Hoyo, San Martin, Panda, Santa Patricia, Vianney and the Kootenay Gold Inc. La Cabana properties.
Silvermex Resources Inc. reports fourth quarter production results from its La Guitarra mine, located in the Temascaltepec mining district in the State of Mexico. Silver production increased from the previous quarter to 134,106 ounces and gold production to 1,010 ounces.
Vancouver, BC: Ross River Minerals Inc. (TSX-V: RRM) (the “Company”) is pleased to announce that effective immediately, Mr. Brian Leeners will be joining the Board of Directors of the Company. Mr. Leeners is the founding partner of Nexvu Capital Corp. and has served as a director and senior officer for multiple public and private companies over the past fifteen years. Mr. Leeners received both his B.Comm. and L.L.B. degrees from the University of British Columbia in 1992.
Vancouver, British Columbia – Kimber Resources Inc. (NYSE Amex:KBX, TSX:KBR) today announced its financial results for the three and six months ended December 31, 2011. All amounts in this news release are in Canadian dollars. The operating results were prepared in accordance with International Financial Reporting Standards (IFRS). Kimbers condensed consolidated interim financial statements and managements discussion & analysis for the three and six months ended December 31, 2011 are now available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar.com.
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