Category: Investor’s Corner

Tara Minerals: Nearly Worthless Stock Being Promoted

Tara Minerals (TARM.OB) is a company worth at most $20M (likely much less), but boasts a market capitalization higher than $100M. How did a company that has only raised $6.7M from the sale of common stock since its inception (see the first line under cash flows from financing activities in the most recent 10-Q) turn that into more than $100M in market capitalization? The company has paid millions of dollars in stock for expenses, most notably “IR services,” in an effort to artificially bolster the stock price.

Aurcana Reports Record 2nd Quarter Silver Production

VANCOUVER, BRITISH COLUMBIA–(Marketwire – July 21, 2011) – Aurcana Corporation (TSX VENTURE:AUN)(OTCQX:AUNFF) (“Aurcana” or the “Company”) is pleased to report record silver production for Q2 of 2011 of 257,508 contained silver ounces. This is a 7% increase over the 240,275 silver ounces produced in Q1 of 2011, and a 41% increase over Q2 of 2010.

Total mill feed of 133,700 tonnes increased 31% compared to 94,201 tonnes for Q2 of 2010. Daily throughput averaged 1,504 tonnes per day for 89 mill days, an increase of 7 operating days over Q2 of 2010.

This is the third consecutive quarter that the mill average daily throughput has exceeded the 1,500 tonnes per day design capacity of the plant, confirming the success of the 2010 expansion.

Of 133,700 mill feed tonnes, 14% (19,196 tonnes) were from NI 43-101 Measured and Indicated Resources and 86% (115,504 tonnes) were from new discoveries or non-compliant resources. La Negra is now applying 43-101 standards in developing new mineralized zones to make more resources compliant. New ore zone development is initially focusing on the Northwest Trend.

La Negra

Tara Gold Provides Update on Registration

On July 18, 2011, the Securities and Exchange Commission (SEC) revoked the registration of Tara Gold’s securities pursuant to Section 12(j) of the Securities Exchange Act of 1934. Contrary to SEC’s statement, the Company does not agree that the revocation is ‘necessary and appropriate in the public interest.’ The Company intends to appeal the decision and seek the reinstatement of the trading of Tara Gold securities.

ECU Silver Mining Obtains Interim Order for Plan of Arrangement

On June 24, 2011, ECU Silver Mining Inc. and Golden Minerals Company announced that they had entered into an agreement to effect a “merger of equals” transaction structured as a plan of arrangement pursuant to the Quebec Business Corporations Act. ECU is pleased to report that the Quebec Superior Court has issued an interim order authorizing ECU to, among other things, call a special meeting of its securityholders to obtain their approval of the Plan of Arrangement.

Excellon Announces Appointments of New CEO & CFO

The Board of Directors of Excellon Resources Inc. is pleased to announce the appointment of a new President and Chief Executive Officer Jeremy Wyeth as well as the appointment of a new Chief Financial Officer Steve Poad.

Cangold Closes First Tranche of Private Placement

CANGOLD LIMITED (TSX-V: CLD, the “Company”) reports that it has closed the first tranche of its non-brokered private placement financing announced on April 26, 2011. On closing, the Company issued 5,192,000 units at $0.50 per unit for gross proceeds of $2,596,000. Each unit comprises one common share and one-half of one non-transferable Series Q share purchase warrant.

Colibri Appoints Dr. Paul Bartos to Board of Directors and Grants Incentive Stock Options

Vancouver, British Columbia – July18, 2011. Colibri Resource Corporation (“Colibri” or the “Company”) (TSX.V-CBI) is pleased to announce the appointment of Dr. Paul J. Bartos as Director. Dr. Bartos is a noted authority on epithermal deposits and currently is the Vice President/ Chief Geologist of Esperanza Resources Corp. where he was instrumental in the discovery of the San Luis bonanza vein deposit. This deposit, which was recently sold to Silver Standard Resources, has proven and probable reserves of 503,313 tonnes averaging 17.95 g/t Au, 446.14 g/t Ag (290,484 ounces gold, 7,219,435 ounces silver). San Luis represents one of the highest grade precious metal deposits found in recent years. Prior to this, Dr. Bartos was with ASARCO Inc., with his most recent position as Latin American Exploration and Business Development Manager. Among other accomplishments, he was responsible for the discovery and development of the San Bartolome silver deposit in Bolivia. This deposit, containing an estimated 107 million ounces of proven and probable silver reserves, is currently in production by Coeur d’Alene Mines Corp., and is now one of the world’s largest pure silver mines.

Guerrero Closes Financing

Guerrero Exploration Inc. announces that it has closed its previously announced financing by issuing 1,560,000 units (“Units”) at $0.20 each.

Coeur Names Mitchell J. Krebs as President and Chief Executive Officer

Coeur d’Alene Mines Corporation announced today that Mitchell J. Krebs has been appointed as President and Chief Executive Officer of the Company. In addition, the Board of Directors also elected Mr. Krebs as a director and Robert E. Mellor as non-executive Chairman of the Board.

Argonaut Gold Announces Q2 Gold Production of 17,453 0unces; El Castillo Production of 35,467 ounces in the first half of 2011

Argonaut Gold Inc. announced today that the Company produced 17,453 ounces of gold during the 2nd quarter ended June 30, 2011, at its 100% owned El Castillo Mine (“El Castillo”), located 100 km north of the city of Durango, Mexico. Gold produced in the first half of 2011 was 35,467 ounces, which is in line with the Company’s guidance of 70-75,000 ounces for full year production.

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