African Gold Group, Inc. Northern Step Out Hole Intercepts 75 Meters of 1.92 g/t Au & 68 Meters of 0.96 g/t Au-Ends in Mineralization-Kobada, Mali

African Gold Group, Inc., (TSX VENTURE:AGG) ("AGG" or the "Company") is pleased to report the analytical results for 20 near surface (oxide), reverse circulation (RC) step out drill holes, from the Company's Kobada, Mali gold project.

Near Surface (Oxide) Drill Highlights From Northern Step Out RC Holes Include:

Inmet Board Reiterates Its Rejection of First Quantum Offer

Inmet Mining Corporation (TSX:IMN) ("Inmet") today provided the following update with respect to the First Quantum offer:

1. As of February 17, 2013, Inmet provided First Quantum with full due diligence access, including a Cobre Panama project site tour and access to key personnel. Despite its communication to Inmet shareholders stressing the link between due diligence and its ability to increase the offer, First Quantum has not increased its offer to date.
    
2. The implied value of the First Quantum offer has deteriorated from the initial offer price of $72 (assuming consideration comprising 50 percent cash and 50 percent First Quantum stock) to $66.35 per share at yesterday's closing price.

   Published: 27 February 2013

   Written by Editor

   TSX   Mining   M & A   Up on News   Interesting News  

   Read more: Inmet Mining Corporation ( IMN )

First Majestic Announces Financial Results for Q4 and Year End 2012

FIRST MAJESTIC SILVER CORP. (TSX:FR)(NYSE:AG)(FRANKFURT:FMV) (the "Company" or "First Majestic") is pleased to announce the audited consolidated financial results for the Company's fourth quarter and year ending December 31, 2012. 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, on SEDAR at www.sedar.com and EDGAR at www.sec.gov.

2012 HIGHLIGHTS

• Cash Flow of $1.35 per share (non-GAAP)
• Adjusted Earnings per Share (non-GAAP) of $0.26 for the fourth quarter and $1.05 for the full year

  Published: 26 February 2013

  Written by Editor

  TSX   Mining   Financial Results   Down on News   Interesting News  

  Read more: First Majestic Silver Corp ( FR )

Esperanza Enters into Agreement with Pan American Silver to Acquire Three Advanced Gold Projects, Pan American Invests $35 Million and Provides a $15 Million Standby Credit Facility to Esperanza

Esperanza Resources Corp. (TSX VENTURE:EPZ)(OTCQX:ESPZF) ("Esperanza" or the "Company") today announced that the Company has entered into a binding letter agreement (the "Agreement") with Pan American Silver ("Pan American") whereby:

• Esperanza will acquire a portfolio of advanced stage gold projects including the La Bolsa project in Mexico, the Pico Machay project in Peru, the Calcatreu project in Argentina and related exploration properties from Pan American for consideration of 50,900,000 common shares and 10,000,000 warrants of Esperanza (the "Acquisition");

  Published: 25 February 2013

  Written by Editor

  TSX Venture   Mining   Project Updates   Interesting News  

  Read more: Esperanza Resources Corp ( EPZ )