AuRico Gold Reports Continued Strong Performance in the Second Quarter
Operating Cash Flow Increases 247%, Net Free Cash Flow Increases 261% and Record Margins of 75%
Operating Cash Flow Increases 247%, Net Free Cash Flow Increases 261% and Record Margins of 75%
Corex Gold Corp. is pleased to announce it has increased the previously announced (July 14, 2011) private placement up to $1,000,000 (3,333,333 units at $0.30 per unit (the “Financing”), and has closed on 3,931,332 units at a price of $0.30 per unit, (“Unit”) for aggregate gross proceeds of CDN $1,179,400. Each Unit consists of one common share and one half of one share purchase warrant (the “Warrant”), each whole Warrant exercisable by the holder to acquire one additional common share at a price of $0.45 for 12 months from Closing. The Warrants are subject to an accelerated expiry which comes into effect once the shares trade above a weighted average price of $0.50 for any twenty consecutive trading-day period, subsequent to four months from Closing. In the event of an accelerated expiry, the expiry date will be the earlier of the regular two year expiry date and 30 days from the date the Company advises the placees of the accelerated expiry.
VANCOUVER, BRITISH COLUMBIA, Aug 11, 2011 (MARKETWIRE via COMTEX) — Galore Resources Inc. is pleased to announce the appointment of Mr. Terry Brown, B. Sc. Geology as the Company’s Vice President Exploration and NI 43-101 Qualified Person. Mr. Brown has more than 25 years experience in exploration, development and mining in North and South America. Mr. Brown has spent most of his career working in Mexico, is a member of the AIPG and is a Certified Professional Geologist.
Primero Mining Corp. today reported financial and operational results for the second quarter ended June 30, 2011. The Company earned net income of $3.9 million ($0.04 per share) based on production of 27,600 gold equivalent ounces(1) at a total cash cost(2) of $586 per gold equivalent ounce or $190 per gold ounce on a by-product basis.
TORONTO, Aug. 9, 2011 /CNW/ – Zaruma Resources Inc., (TSXV: ZMR), (the “Company” or “Zaruma”) today reported that TSX Venture Exchange had accepted for filing documentation regarding the recently completed US$25 million equity financing resulting in the issue of 488,649,998 common shares of the Company and the same number of warrants permitting the holders to purchase one common share per warrant for C$0.10 for a period of two years. Also accepted for filing was the issue of 21,500,600 shares and warrants in exchange for the cancellation of all agreements between the Company and Glencore International AG and certain of its affiliates.
Vancouver, British Columbia — Silver Bull Resources, Inc. (TSX: SVB, AMEX: SVBL) (“Silver Bull”) is pleased to announce the appointment of Jason Cunliffe to the role of Vice President of Exploration, and Martin King to the role of Chief Geologist.
Generated revenues of $56.9 million from the sale of 37,800 ounces of gold, a 20% increase from revenues of $47.5 million in the second quarter of 2010.
NWM Mining Corporation (NWM.V) announces that it has produced 303 oz. Au in May, 589 oz. Au in June and 1,150 oz. Au in July of this year (2011) from the Lluvia de Oro gold mine. It said production in each of the first three months of operation has exceeded budgeted expectations. Production expectations for the balance of 2011 range from 9,000-13,500 oz. Au and for next year (2012) range from 35,000 to 42,000 oz. Au.
Gold producer Timmins Gold (TSE:TMM) reported Wednesday it has appointed Paula Rogers as a member of board of directors and as chair of the audit committee.
VANCOUVER, BRITISH COLUMBIA, Aug 03, 2011 (MARKETWIRE via COMTEX) — Endeavour Silver Corp. (frankfurt:EJD) announced today its financial and operating results and unaudited financial statements for the Second Quarter, 2011. Endeavour owns and operates two high-grade, underground, silver-gold mines in Mexico, the Guanacevi Mines in Durango State and the Guanajuato Mines in Guanajuato State.
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