Scorpio Gold Corporation (TSXV:SGN) announced its financial results for the fourth quarter and for the year ended December 31, 2013. Highlights for the year end included a 22% increase in gold production from 2012, an 18% reduction in cash cost per ounce of gold sold compared to the previous year and the receipt of approval for new operations plans allowing expansion of the Mary pit at the Mineral Ridge mine.
Gold Company News Directory
Avrupa Minerals Ltd. (TSXV:AVU) has completed Phase four of its drilling program for the Alvalade Joint Venture project in the Iberian Pyrite Belt of Portugal. The Alvalade project is funded by a 100% owned subsidiary of Antofagasta plc and operated by Avrupa. Avrupa and Antofagasta expect to be able to announce drill results and comment on details of summer exploration plans following joint venture meetings held over the next few weeks.
Ressources Appalaches (TSXV:APP,FWB:OU3) announced that mining operations have commenced at its Dufferin Gold Mine in Nova Scotia. Initial ore extraction and surface stockpiling is expected to provide several weeks of supply for the start-up of the processing plant.
Avrupa Minerals Ltd. (TSXV:AVU) has signed an earn-in and shareholders agreement that will option out the Slivovo Gold Project in Kosovo to Byrnecut International Limited. Under the agreement Avrupa will be the operator while BIL will have several participation options.
Canamex Resources Corp. (TSXV:CSQ,OTCQX:CNMXF,FWB:CX6) appointed Jason Reid to its Board of Directors. Mr. Reid is currently Gold Resource Corporation’s CEO, President and Director.
Homestake Resource Corporation (TSXV:HSR,FWB:B6IH) has entered into a loan agreement with an arm's length individual for $100,000. Proceeds from the loan will be used to pay acquisition expenses for Homestake's 625 square kilometre Kinskuch property located in northwestern British Columbia, where two additional exploration targets have been identified as high-priority.
Colombian Mines Corporation (TSXV:CMJ,FWB:X6C) announced that MPX Drilling Colombia has moved its drill on-site and is positioning it at El Dovio. In addition, Columbian Mines' joint venture partner Overland Resources (ASX:OVR) has made its first payment under the Rio Negro joint venture option agreement. Overland has also provided results from 386 soil geochemical samples from its work at Rio Negro.
Western Copper and Gold Corporation (TSX:WRN,NYSEMKT:WRN) responded to the petition filed by Little Salmon Carmacks First Nation in the Supreme Court of Yukon on April 10, 2014 naming the Yukon Environmental and Socio-Economic Assessment Board, and Western's wholly-owned subsidiary, Casino Mining Corp. as respondents.
Scorpio Gold Corporation (TSXV:SGN) announced initial results from its 2014 drilling program at the at the Solberry Satellite Deposit in the Mineral Ridge project in Nevada.