Category: Investor’s Corner

Higher metals prices have prompted greater interest in mining operations, and the Mexico exchange traded fund (ETF) could benefit from the influx of cash in merger and acquisitions in Mexico’s mining sector.

FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the “Company” or “First Majestic”) is pleased to announce the audited consolidated financial results for the Company for the year ending and fourth quarter ending December 31, 2010. The full version of the financial statements and the management discussion and analysis can be viewed on the Company’s web site at www.firstmajestic.com, on SEDAR at www.sedar.com and EDGAR at www.sec.gov.

2010 HIGHLIGHTS

Valley High Ventures Ltd. is pleased to announce that on February 18, 2011 it obtained an interim order of the Supreme Court of British Columbia authorizing, among other things, the holding of an annual and special meeting of holders of its common shares and options on March 22, 2011 in Vancouver, British Columbia. Meeting materials have been mailed to Valley High’s shareholders of record as at February 16, 2011. Notice of the meeting and record dates have been filed with the appropriate regulatory authorities and are available on SEDAR at www.sedar.com.

OTTAWA – Goldcorp Inc. (TSX:G) hopes to grow its production by 60 per cent to four million ounces a year over the next five years as it brings several projects on stream.

Goldcorp Inc. (GG) reported solid fourth-quarter 2010 results. Reported net earnings in the quarter were $331.8 million compared with $66.7 million in the fourth quarter of 2009. Adjusted net earnings were $417.1 million, or 57 cents per share compared with $182.7 million, or 25 cents per share in the fourth quarter of 2009. Results exceeded the Zacks Consensus Estimate of 49 cents.

Yesterday, the stock of Excellon Resources Inc. (TSE:EXN, EXN message board), (PINK:EXLLF) fell below the psychological barrier of $1 again. It seems that presently EXN is not very attractive for those who bet on the long position. In case you are investor, it would be probably wise to wait for a better time before taking the firm decision to go for buying.

NEW YORK, Feb. 25, 2011 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that provides the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks, today announced that Musgrove Minerals Corp. (TSX.V: MGS; OTCQX: MGSGF), a Canadian-based mining and exploration company, is now trading on the OTC market’s highest tier, OTCQX®.

Hecla Mining Company (“Hecla”) (NYSE:HL) today announced record operating cash flow of $197.8 million, net income applicable to common shareholders of $35.4 million, or $0.14 per basic share, and adjusted net income applicable to common shareholders of $82.6 million1 or $0.33 per basic share for the year. Full year silver production was 10.6 million ounces at a total cash cost of negative $1.46 per ounce, net of by-products.2

COEUR D’ALENE, Idaho–(BUSINESS WIRE)–Hecla Mining Company (“Hecla”)(NYSE:HL) today reported silver reserves and resources as at December 31, 2010 of 142 million ounces and 248 million ounces respectively, the highest in the company’s history. Hecla is also pleased to provide an exploration update on its four large silver districts.

TORONTO (miningweekly.com) – Junior Primero Mining posted a profit in the fourth quarter, after revenues increased significantly, and plans to list in the US in the coming months, CEO Joseph Conway said on Thursday.