Gold Resource Corporation declares its instituted monthly dividend of $0.05 per common share for February 2012 payable on March 23, 2012 to shareholders of record as of March 12, 2012. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico.
ASX-listed Azure Minerals has started a prefeasibility study (PFS) on its Promontorio copper-gold-silver project, in Mexico.
Paramount Gold and Silver Corp. today reported some of the highest silver grades yet discovered at its 100% owned San Miguel Project in Mexico. Nine new in-fill holes drilled into the fast-growing San Antonio silver deposit returned intercepts of 20.1 meters grading 201.89 g/T of silver and 11.45 meters grading 418.21 g/T of silver. Eight of the nine holes intersected significant values, continuing the high success rate of recent months on the San Miguel Project.
Alamos Gold Inc. reports financial results for the fourth quarter and year-ended December 31, 2011 and provides a review of its operations, exploration and development activities.
HIGHLIGHTS
Considerable growth in underlying EBITDA despite a volatile market environment
· Underlying EBITDA of EUR 265 million, up 26% in 2011 compared to 2010.
· Solid financial position with gearing1 of 35% as at 31 December 2011.
· Proposed distribution of EUR 0.16 per share via a share capital reduction.
Yale Resources Ltd. is pleased to report that a comprehensive work program is now underway at the Urique Project, located in Chihuahua State, Mexico, immediately north of Goldcorp’s El Sauzal gold mine and immediately south of Kimber Resources’ Monterde Property. Work at Urique is being performed on behalf of optionee Mammoth Resources Ltd.
Geologix Explorations Inc. is pleased to announce results from the property-wide airborne geophysical survey completed over the Company’s entire 172 square kilometre Tepal project in Michoacán State, Mexico (see the Company’s news release dated December 2, 2011). Results of the survey have identified multiple new prospective exploration targets warranting immediate follow-up. See the attached geophysical map or visit the Company’s website at www.geologix.ca for more details.
Silver Bull Resources, Inc. is pleased to announce the appointment of Joshua Crumb and John McClintock to the Board of Directors. With the addition of Mr. Crumb and Mr. McClintock, Silver Bull increased the size of the Board from six to eight members. Two current Board members, Dr. Nicole Adshead-Bell and Duncan Hsia will not stand for reelection to the Board at the next annual meeting of shareholders planned for April of this year thereby reducing the Board back to six members after the AGM. In advance of the AGM Silver Bull would like to thank Dr. Adshead-Bell and Mr. Hsia for their very valuable input as directors of Silver Bull and wish them well for their future endeavours.
We are pleased to present a review of Avino’s achievements in 2011 and outlook for 2012. Last year was a mile stone year for Avino despite the turmoil witnessed in the global financial markets. Considerable progress was made towards our goal of becoming a multi-million ounce annual silver producer.
Silver Bull Resources Inc. (TSX:SVB, NYSE AMEX:SVBL) is a Vancouver, British Columbia based mineral exploration and development company. The Companys prime asset is the Sierra Mojada Project located in the State of Coahuila, North Mexico.
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