Announce today Altius has signed a memorandum of understanding with Virginia mines, the two companies will cooperate on the base-precious metals project in Quebec and southern Labrador .
The company highlights its gold production for second quarter 2012 of 24,426 ounces with 183,215 tonnes milled at average grade of 4.3 grams per tonne.
The company has provided an exhaustive list of its 2012 activities: the Ularring projected expansion and environmental assessment as well as the likely additions to the Port of Esperance.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 3, 2012) -
Under the arrangement, First Majestic has acquired all of the issued and outstanding common shares of Silvermex. Shareholders of Silvermex will receive 0.0355 First Majestic shares and CDN$0.0001 for each held share of Silvermex.
Beijing Donia has acquired 16,111,111 units of Silvore Fox Minerals at a price of $0.09 per unit. Donia now holds a total of 65,178,772 shares, roughly 40% of Silvore Fox.
The company has closed itsbought deal offering of 1,950,000 common shares at $1.30 and 8,481,000 flow-through shares at $1.47 per share for gross proceeds of approximately $15 million.
