Posts by Marketwire - Mining and Metals:

Gold Royalties Corporation agrees to acquire Yukon Royalty interests for $13.8 million

CALGARY, ALBERTA--(Marketwire - Nov. 9, 2011) - Gold Royalties Corporation is pleased to announce that it has signed a binding letter agreement with Strategic Metals Ltd. (TSX-V: SMD) ("Strategic"). Under the terms of the letter agreement, Gold Royalties Corporation will acquire Strategic's net smelter royalty interests (the "Royalty Interests") in the Kink 3 mineral claim and the Northern Dancer tungsten-molybdenum property for $13.8 million, less any royalties earned on the Royalty Interests up to the closing date for the sale. "Having recently announced our expansion into Yukon with the acquisition of a royalty interest on the highly prospective Blende silver-zinc-lead deposit, Gold Royalties Corporation is very pleased to have reached this agreement with Strategic to add further high-quality Yukon mining royalties to our company. Combined with our existing royalty interests in Canada, we remain committed to the execution of our acquisition-focused business model and to our continued growth as an emerging royalty holder on mineral ore bodies in Canada," said Ryan Kalt, President of Gold Royalties Corporation.

First Majestic Silver Corp.: earnings hit $27.8 million in third quarter

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2011) - First Majestic Silver Corp. (TSX:FR)(NYSE:AG)(FRANKFURT:FMV) (the "Company" or "First Majestic") is pleased to announce the unaudited condensed consolidated interim financial results for the Company for the third quarter ending September 30, 2011. The full version of the financial statements and the management discussion and analysis can be viewed on the Company's web site at www.firstmajestic.com or on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

Platinum Group Metals announces a new discovery extending the North Limb of the Bushveld Complex

VANCOUVER, BRITISH COLUMBIA and JOHANNESBURG, SOUTH AFRICA--(Marketwire - Nov. 9, 2011) - Platinum Group Metals Ltd.(TSX:PTM)(NYSE Amex:PLG) ("Platinum Group") is pleased to report drill intercepts grading 3.47 g/t Platinum, Palladium and Gold (2 PGE+Au) over 3.5 meters and 7.00 g/t 2PGE +Au over 5.0 meters at vertical depth of approximately 660 meters. The high grade, thick, layered intercepts are located in an area north of the previously mapped North Limb of the Bushveld Complex. This Northern extension of the Bushveld Complex was first discovered by the Company in early 2011 under cover rocks by drilling based on detailed geophysical and geochemical work. Drilling is continuing and the drill program is being immediately expanded. The intercepts are located on the 137 square kilometer Waterberg Property and the new zone has a projected, potential strike length distance of 7 kilometers.

Timmins Gold Reports Financial Results for its Second Quarter Ended September 30, 2011

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2011) - Timmins Gold Corp. (TSX:TMM)(NYSE Amex:TGD) is pleased to report its second quarter ("Q2") ended September 30, 2011 financial results. All results are presented in United States dollars ("US Dollars" or "USD") unless otherwise stated. The Company is changing its year end from March 31 to December 31, and will report Q3 results as year ended and nine months ended results to December 31, 2011.

Silvercorp increases dividend by 25%; announces second quarter dividend of CAD$0.025

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2011) - Silvercorp Metals Inc. (TSX:SVM)(NYSE:SVM) ("Silvercorp" or the "Company") today announced that its Board of Directors has increased the amount of its quarterly dividend by 25%, from CAD$0.02 per share (CAD$0.08 annualized) to CAD$0.025 per share (CAD$0.10 annualized). The Company first began paying dividends in 2007 with an annual dividend of $0.05.

AngloGold Ashanti Q3 profit at record $457m; raises dividend

AngloGold Ashanti posted record quarterly adjusted headline earnings* of $457m and boosted its dividend to improve cash returns to shareholders. Payouts to shareholders will now be made quarterly, instead of twice yearly. "Our power to generate earnings and strong cash flow is clear in these numbers," Chief Executive Officer Mark Cutifani said. "The upward jump in the dividend demonstrates the fundamental strength of the business and the market, while maintaining the ability to fund our growth pipeline."

First Quantum lowers 2011 production guidance

First Quantum Minerals on Tuesday said production of 265,000 tonnes of copper and 175,000 ounces of gold is forecast for 2011 reflecting lower production to date as well as lower expected sulphide ore grades in the short-term at Kansanshi and lower acid availability in Zambia. The company said its average cash cost is $1.35 per pound of copper and the revised forecast is a result of higher costs to date, lower production and higher input costs. Its Ravensthorpe nickel project in Australia is set for commercial operation before the end of the year.

Kaminak Announces Closing of $15 Million Bought Deal Private Placement

Kaminak Gold Corporation is pleased to announce that it has closed the previously announced bought deal private placement financing. The Company has issued 1,786,000 Class A common shares at a price of C$2.80 per Common Share and 2,985,000 Class A common shares which qualify as "flow-through" shares for purposes of the Income Tax Act (Canada) at a price of C$3.35 per Flow-Through Share for aggregate gross proceeds of C$15,000,550.