Month: October 2015

Aurcana Corporation Announces Commencement of CBCA Proceedings to Implement Restructuring Transaction

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http://www.aurcana.com/news/2015/index.php?&content_id=384

Vancouver, BC, October 30, 2015 – Aurcana Corporation (TSX VENTURE:AUN) (the “Company” or “Aurcana”) announces that it is today commencing proceedings under the Canada Business Corporations Act (the “CBCA Proceedings”) to implement the restructuring transaction announced by the Company on October 16, 2015 (the “Restructuring Transaction”) under which all of the Company’s debt obligations to Orion Mine Finance (Master) Fund I L.P. (the “Lender”), as lender under the Company’s amended and restated senior secured credit facility dated April 29, 2014 (the “Facility”), will be extinguished.

Marlin Gold Mining Ltd. Completes Sale of Non-Core El Compas Gold-Silver Mining Project to Canarc Resource Corp. and Acquires Securities of Canarc Resource Corp.

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Click to access article_10302015145001.pdf

October 30, 2015 – Vancouver, British Columbia — Marlin Gold Mining Ltd. (TSX-V: MLN) (“Marlin”) announces that it has today completed the sale of all of the shares of Oro Silver Resources Ltd. (“Oro Silver”) to Canarc Resource Corp. (“Canarc”) pursuant to a share purchase agreement entered into with Canarc on October 8, 2015 (the “Transaction”).  Oro Silver indirectly holds the El Compas Gold-Silver Mining Project in Zacatecas, Mexico (“El Compas”).

Canarc Closes Acquisition of Oro Silver and its El Compas Gold-Silver Mining Project in Zacatecas, Mexico and Last Tranche of Private Placement

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http://www.fscwire.com/newsrelease/canarc-closes-acquisition-oro-silver-and-its-el-compas-gold-silver-mining-project

Vancouver, British Columbia (FSCwire) – Canarc Resource Corp. (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) announces that it has closed the definitive agreement (“Agreement”) with Marlin Gold Mining Ltd. whereby Canarc acquired 100% of the shares in Marlin’s wholly owned subsidiary company, Oro Silver Resources Ltd. (“Oro Silver”), which owns the fully permitted El Compas Gold-Silver Mine Project (“El Compas”) in Zacatecas, Mexico.

Orex Grants Stock Options and Applies to Extend Warrants

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Click to access article_10302015171305.pdf

Vancouver, B.C. — Orex Minerals Inc. — (REX: TSX-V) (“Orex” ) announces that it has granted 250,000 incentive stock options to a consultant to purchase 250,000 shares in the capital of Orex at an exercise price of $0.20 per share and with a two year term. The options will vest immediately.

Orex Minerals Inc. (TSX-V: REX) is a Canadian-based junior exploration company comprised of highly qualified mining professionals. The Company has several current projects: the Los Crestones Gold-Silver-Copper Project in Sinaloa, Mexico, the Sandra Escobar Project in Durango, Mexico, and the Jumping Josephine Gold-Silver Project in British Columbia, plus the Coneto Gold-Silver Project in Durango, Mexico, which is currently under option to Fresnillo plc.

 

Golden Minerals Provides Update

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/975-tsx/aum/13086-golden-minerals-provides-update.html#.VjN9bOSFPIU

GOLDEN, Colo., Oct. 29, 2015 /CNW/ — Golden Minerals Company (NYSE MKT: AUMN; TSX: AUM) (“Golden Minerals” or “the Company”) announces:

  • In the first half of November 2015, Golden Minerals will suspend mining and processing activities at the Velardena mine and sulfide mill due to continued low precious metals prices and lower than planned mill feed grades at the sulfide plant
  • On October 27, 2015, the Company received $5.0 million in a one-year secured convertible loan from its largest shareholder, The Sentient Group

 

Yamana Gold Announces Third Quarter 2015 Results

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http://www.marketwired.com/press-release/yamana-gold-announces-third-quarter-2015-results-tsx-yri-2068640.htm

TORONTO, ONTARIO–(Marketwired – Oct. 29, 2015) – YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY) (“Yamana” or “the Company”) is herein reporting its financial and operating results for the third quarter 2015, with some highlights provided as follows.

  • Total gold production of 325,897 ounces representing a 9% increase in gold production from continuing operations compared to the second quarter of 2015, including 281,915 ounces of gold from core assets(1).
    • Total gold production of 929,128 ounces in the first nine months of 2015.
  • Notable increases in gold production at our core assets compared to the second quarter of 2015 include:
    • 32% at Jacobina, 17% at Gualcamayo, 12% at Canadian Malartic, 10% at Minera Florida 6% at Chapada and 4% at Mercedes.
  • Cash costs(2) of $594 per ounce of gold including the following notable decreases compared to the second quarter of 2015:
    • 27% at Jacobina, 15% at Mercedes and 11% at Canadian Malartic.

Arian Silver Corporation – Trading To Resume on TSX-V

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http://www.baystreet.ca/articles/news-article.aspx

Arian Silver Corporation (the “Company”) advises that in accordance with the respective rules of the Toronto Venture Stock Exchange (“TSXV”) and AIM, trading on TSXV will resume approximately 30 minutes after the time of this announcement; the trading suspension on AIM remains in effect pending a further announcement regarding the Company’s financial position.

Arian Silver Corporation – Temporary Suspension and Trading Halt

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http://www.baystreet.ca/articles/news-article.aspx

Arian Silver Corporation (the “Company”), a silver mining company focussed on silver projects in the silver belt of Zacatecas, Mexico, announces that further to its announcement on 22 September 2015 of the signing of a letter of intent and non-binding term sheet with Quintana AGQ Holding Co. LLC (“Quintana”), discussions with Quintana and its affiliates are on-going, but that notice has been received from Quintana to terminate the letter of intent in accordance with its terms.

Cyprium Mining Closes Acquisition of Controlling Joint Venture Interest in Historic Potosi Silver Mine and Private Placement Financing

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1004-tsx-venture/cug/13071-cyprium-mining-closes-acquisition-of-controlling-joint-venture-interest-in-historic-potosi-silver-mine-and-private-placement-financing.html#.VjJohuSFPIU

MONTREAL, QUEBEC–(Marketwired – Oct. 29, 2015) – Cyprium Mining Corporation (“Cyprium” or the “Company“) (TSX VENTURE:CUG)(TSX VENTURE:CUG.DB) is pleased to announce that it has closed the acquisition of a 53% controlling interest in a joint venture (the “Joint Venture“) which owns: (i) the exclusive exploitation and exploration rights of the Potosi silver mine located in the historic silver rich mining district of Santa Eulalia in Mexico; (ii) the exclusive rights of possession, usage and operations to the San Guillermo processing facility which is located seven kilometers from the Potosi silver mine; as well as (iii) all of the exclusive exploration and exploitation rights to a property adjacent to the south of the Potosi silver mine known as La Chinche (collectively the “Joint Venture Assets“).