Category: Investor’s Corner

VANCOUVER, Feb. 16, 2012 /CNW/ – Victory Resources Corporation (the “Company”) is pleased to announce that it has established a geological Advisory Board and that it has appointed Tim Hawthorne, P. Eng. as the first member.

President/CEO Tim Barry tells ResourceClips.com, �Sierra Mojada has been a historical mining district for the last 100 years. Silver Bull emerged from a merger between Metalline Mining and Dome Ventures. When Metalline had the property, they had it for over 16 years and focused almost exclusively on the zinc resource there. When the merger was done, and we got to the project, we noted there was significant at-surface silver mineralization kicking around that had never been tested. Zinc at the time was living in the 50-cent range, so we changed direction for the company and started focusing on the silver mineralization. To date, we�ve put out two resource updates. The resource right now is sitting at 47.8 million ounces indicated and 13.8 million ounces inferred, and that�s out of a global resource of 84 million ounces.

The United Steelworkers is again criticizing Excellon Resources management for refusing to engage in constructive dialogue to end a host of problems plaguing their only operating mine in Mexico. The latest example is breaking off discussions with a group of small landowners from whom Excellon had leased land for exploration, the USW says.

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.