GOLD – Goldrich Mining Co. May 9 said Goldrich NyacAU Placer LLC, a 50-50 joint-venture between Goldrich and NyacAU LLC, has delivered some US$4 million of equipment and supplies needed for the 2013 drill program and placer gold mining operation at the Chandalar property in northern Alaska. Total investment in equipment and assets mobilized to the site for both exploration and mining activities, including equipment previously purchased, now exceeds US$8 million.

GOLD – Coeur d’Alene Mines Corp. May 9 reported metal sales of US$171.8 million, operating cash flow of US$58.7 million, and capital expenditures of US$12.8 million during the first quarter 2013. The company produced 3.8 million ounces of silver and 56,913 ounces of gold during the first three months of 2013. Companywide cash operating costs were US$8.73 per silver-ounce and were US$1,055 per gold-ounce at the company’s Kensington gold mine during the first quarter. Coeur reaffirmed its 2013 full-year production guidance of 18-19.5 million ounces of silver and 250,000-265,000 ounces of gold. Coeur's full-year cash operating cost guidance is being revised to US$9.50-US$10.50 per silver ounce (compared to previous guidance of US$8.00-US$9.00 per ounce) to reflect an assumed US$1,500 per ounce gold price during the remainder of the year for by-product credits (compared to US$1,650 per ounce used in prior guidance). Kensington's cash operating costs per gold ounce guidance remains unchanged at US$900-US$950 for 2013. During the first quarter, Coeur successfully completed a US$300 million senior unsecured notes financing, redeemed US$43.3 million of the outstanding US$48.7 million of 3.25 percent convertible debentures and closed the approximately US$280 million acquisition of Orko Silver Corp., which adds the La Preciosa silver project in Mexico to the company’s growth profile. “Since completion of the Orko Silver transaction, we have been actively building a project development team and commissioned a preliminary economic assessment of the La Preciosa project by M3 Engineering, the results of which we expect to have by June 30,” explains Coeur President and CEO Mitchell Krebbs. “We believe La Preciosa will become another long-life, cornerstone asset for the company and will generate a return on investment in excess of the company’s cost of capital.” Coeur also announced the relocation of its corporate headquarters to Chicago and that, subject to shareholder approval, the company will reincorporate to Delaware and change its name to Coeur Mining Inc. promptly following the annual meeting of shareholders on May 14. In addition, Coeur repurchased 655,474 shares of its own stock for US$12.6 million during the first quarter 2013. The company has now completed US$32.5 million of its US$100 million share repurchase program authorized by the board of directors in June of 2012. The Kensington gold mine in Southeast Alaska produced 25,206 ounces of gold at cash operating costs of $1,055 per ounce during the first quarter of 2013, compared to 28,717 ounces of gold at cash operating costs of US$1,065 during the fourth quarter of 2012. “The Kensington gold mine in Alaska is now demonstrating its ability to operate more consistently as planned. We expect production from Kensington to increase during the second half of the year due to higher grades,” said Mitchell. Sales and operating cash flow from Kensington totaled US$39.3 million and US$15.2 million, respectively, for the first quarter 2013. Capital expenditures at the Southeast Alaska gold mine were $3.3 million during this quarter.

MANAGEMENT – Coeur d’Alene Mines Corp. May 8 said Peter Mitchell has been appointed senior vice president and chief financial officer of the company, effective June 3. Mitchell has served as CFO of Taseko Mines Ltd. since September 2008. In that capacity he led Taseko’s financial operations, including sourcing capital to fund the company’s strategic growth plan. Previously, Mitchell was involved in leading and managing growth in private equity portfolio companies through acquisitions, integrations and green-field initiatives. “Peter brings to Coeur extensive capital markets experience and exceptional leadership skills,” said Coeur President and CEO Mitchell Krebs. “Peter will lead the company's efforts to effectively deploy the company's cash flow in value-creating ways, collaborate with our strengthened operations and capital projects groups to maintain financial discipline, and provide his broad base of expertise throughout the organization.” Mitchell is a chartered accountant with a bachelor’s degree in economics from the University of Western Ontario and an MBA from the University of British Columbia.

QUARTERLY REPORT – Kinross Gold Corp. May 7 reported that it produced 648,897 gold-equivalent ounces at a cost of US$729 per gold-equivalent ounce during the first quarter of 2013, compared to 588,358 ounces at US$738 per gold-equivalent ounce during the same period last year. The company attributed the 10 percent rise in production to increases at Tasiast in Mauritania and Fort Knox in Alaska. Kinross’ revenues for the first quarter were US$1.058 billion, compared to US$1.005 billion during the first three months of 2012. The company’s adjusted operating cash flow for the first quarter of 2013 was US$411.8 million (US36 cents per share) compared with US$319.3 million (US28 cents per share) during the same period of 2012. Kinross’s adjusted net earnings for the first quarter of this year are US$170.5 million (US15 cents per share) compared with US$196.1 million (17 cents per share) in Q1 2012. Reported net earnings for the first quarter of 2013 are US$160.5 million (US14 cents per share) compared with net earnings of US$99.6 million (US9 cents) for Q1 2012. Kinross Gold CEO J. Paul Rollinson said, “Our continued focus on operational fundamentals contributed to solid results in the first quarter, as production was higher and cost of sales per ounce was lower than the same period last year. We are on target to meet our annual guidance for production and cost of sales at each of our regions, and company-wide.” Kinross expects to produce 2.4-2.6 million gold-equivalent ounces at a production cost of sales US$740-US$790 per gold-equivalent ounce, all-in sustaining cost US$1,100-US$1,200 per gold ounce sold and capital expenditures of US$1.6 billion. Kinross’ Fort Knox operation in Alaska produced 93,252 ounces of gold during the first quarter of 2013, a 51 percent increase over the 61,716 ounces produced during the same period of 2012, but a 22 percent decrease from the 119,582 ounces produced in the fourth quarter of 2012. Kinross said the decrease is attributed to an expected winter slow-down of production from the heap leach, as well as lower mill output due to harder and slightly lower grade ore.

COPPER/GOLD – Millrock Resources Inc. May 7 said it has entered an exploration and option to lease agreement with Bristol Bay Native Corp. on a 680,650-hectare (about 1.682 million acres) tract of Alaska Peninsula land that covers three known porphyry copper-gold occurrences on the Alaska Peninsula – Kawisgag, Mallard Duck Bay and Bee Creek. “This agreement gives Millrock access to a very large, highly prospective land package that has barely been explored. We are proud to engage with BBNC to responsibly explore for and develop mineral resources. We look forward to performing systematic regional-scale exploration and making great discoveries on these lands. We plan to share the risk of this exploration work by partnering with other exploration and mining companies,” said Millrock President and CEO Greg Beischer. At the Kawisgag prospect, targets are immediately ready to drill. There are two main centers of mineralization and alteration which locally contain disseminated and vein chalcopyrite, molybdenite and pyrite at surface. The Mallard Duck Bay prospect is a zone of hydrothermal alteration covering an area greater than eight square kilometers (three square miles). The zone has seen very limited exploration but mineralization appears to be associated with a diorite stock. A strong chargeability anomaly coincident with exposed mineralization in a potassic alteration zone was identified by prior workers, but never drilled. Mineralization at the Bee Creek prospect is hosted in hornfelsed sediments intruded by a multiphase diorite intrusive rock containing mineralized veins and disseminated chalcopyrite, molybdenite and pyrite. A broad, central, potassic alteration zone bordered by a discontinuous halo of phyllic alteration is exposed at surface. The prospect was initially explored by Bear Creek Mining with five holes drilled in 1976. In 2005 and 2006, Metallica Resources Inc. and Full Metal Minerals Ltd. carried out geochemical and geophysical surveys, and drilled two holes. One of the holes intersected 118 meters averaging 0.31 percent copper, 0.009 percent molybdenum and 0.126 parts per million gold. Millrock said mineralization, alteration and anomalous copper values in soils and rocks extend over a broad area at the Bee Creek prospect, indicating the potential for a significant porphyry copper-moly-gold deposit near surface. In addition to porphyry copper-gold-molybdenum systems, the region is prospective for other intrusive-related deposits, base metal veins and epithermal gold deposits. A more detailed description of the lands with maps can be viewed at: http://www.millrockresources.com/projects/alaska_peninsula/. The exploration agreement gives Millrock the right to explore the mineral estate lands and, if terms are met, lease tracts of land for mining operations. Much of the land package is split estate, with Alaska native village corporations owning the surface. Millrock has made access agreements with two of these corporations. In order to fulfill the exploration agreement terms, Millrock must incur exploration expenditures of US$5 million and pay US$725,000 before the end of 2019. The initial payment is US$25,000 and the first-year exploration expenditure requirement is US$200,000. Additionally, Millrock will make a BBNC Scholarship Foundation donation of US$10,000 annually. Lease tracts of up to 7,500 acres will require an annual payment of US$200,000. A sliding-scale net smelter return royalty is payable on gold (1 percent when gold is under US$1,000 (spot price per ounce), 1.5 percent when gold is under US$2,000 and 2 percent when gold is over US$2,000. An NSR royalty of 1 percent is payable to BBNC on all other metals produced.

DELISTING REVIEW – TMX Group May 7 announced that the Toronto Stock Exchange is reviewing the common shares of Pure Nickel Inc. (Symbol: NIC) with respect to meeting the continued listing requirements. Pure Nickel has been granted 120 days in which to regain compliance with these requirements, pursuant to the remedial review process. Responding to the announcement, Pure Nickel said it meets all criteria save for the market capitalization requirement. Pure Nickel, which currently has C$1.6 million in cash and working capital of C$2.6 million, anticipates that it can demonstrate that it can meet the TSX criteria. Drilling is scheduled to begin at the MAN Alaska property in June. The program's budget of US$3.5 million is fully funded by project partner, Itochu Corp. of Japan.