Scorpio Mining announced today that its board of Directors has adopted a shareholder rights plan. The Rights Plan is designed to ensure, to the extent possible, that all holders of common shares of the Company and the Board have adequate time to consider and evaluate any unsolicited bid for the common shares of the Company, provide the Board with adequate time to identify, solicit, develop and negotiate value-enhancing [...]
Scorpio Mining today announced its development plans for the Cosalá District projects with NI 43-101 compliant resources, namely the El Cajón and San Rafael deposits, both located within trucking distance from its Nuestra Señora processing plant. Underground development work is proceeding as scheduled. As of the end of May, the portal had been secured; 167 m of ramp had been driven, along with 42 m of lateral cross-cut [...]
Scorpio Mining is pleased to announce that each of the seven nominees proposed as directors and listed in its management information circular dated May 2, 2014 was elected as a director of the Company at the Company's Annual & Special Meeting of shareholders held on June 12, 2014. The detailed results of the vote are set out below.
Scorpio Mining today provided information concerning its ongoing review of certain previously disclosed discrepancies concerning the concession boundaries of the Company's El Cajón mineral deposit, located in the Cosalá Norte District near Cosalá, Sinaloa in Mexico, and efforts by Tocqueville Asset Management, L.P. and The Tocqueville Trust on behalf of The Tocqueville Gold Fund to take control of the Company's board of [...]
Scorpio Mining today announced that Tocqueville Asset Management, L.P. and The Tocqueville Trust have agreed that they will not pursue the nomination of their own candidates for election to the Company's board of directors at Scorpio's 2014 annual meeting of shareholders, to be held on June 12, 2014. As a result, the Company has agreed to discontinue its recently commenced legal proceeding against Tocqueville concerning [...]
Scorpio Mining announced today that Institutional Shareholder Services has recommended that its clients vote FOR all of Scorpio's director nominees using only Scorpio's WHITE proxy. ISS has also recommended that shareholders do NOT vote using the blue dissident proxy of Tocqueville Asset Management, ISS is a leading independent international corporate governance analysis and proxy voting firm. ISS recommendations are [...]
Dear Fellow Shareholders, Our 2014 annual meeting of shareholders is scheduled for Thursday, June 12, 2014. This year your vote is of even more importance as a U.S. investment firm, Tocqueville Asset Management, is seeking to take control of a majority of the board of directors and disrupt the recent progress we have made at our mining operations. Your vote is crucial to show your support for the management director [...]
Scorpio Mining announced today that on Friday, May 23, 2014, Tocqueville Asset Management, L.P. and The Tocqueville Gold Fund filed a dissident proxy circular with respect to the Company's upcoming annual meeting of shareholders, currently scheduled for June 12, 2014. On May 12, 2014, Tocqueville delivered to the Company a notice of The Tocqueville Gold Fund's intention to nominate three new individuals for election to [...]
Scorpio Mining reports its financial and operating results for the first quarter ended March 31, 2014. This press release should be read in conjunction with the Company's unaudited Financial Statements and Management's Discussion and Analysis for the first quarter ended March 31, 2014, available on the Company's website and on SEDAR at. All monetary figures are expressed in Canadian dollars unless otherwise specified.
Scorpio Mining reports that production from the Nuestra Señora Operations totalled 556,911 silver equivalent ounces in the first quarter ended March 31, 2014. Q1 2014 silver production was higher than Q4 2013; while silver equivalent production was lower because of a decline in lead, copper and zinc production in Q1 2014, compared to Q4 2013. Q1 2014 experienced the highest quarterly plant throughput recorded by the [...]
Scorpio Mining today announced updates with respect to its El Cajón and San Rafael Development Projects, located 14 km and 15.5 km, respectively, by road from its Nuestra Señora plant. Highlights include: El Cajón mine development – The mine portal was collared on March 29, 2014 and a letter of intent ("LOI") has been signed with a Mexican mining contractor for establishing said portal and the sinking of the ramp and [...]
Scorpio Mining today reported its financial and operating results for the fourth quarter and year ended December 31, 2013. This press release should be read in conjunction with the Company's audited Financial Statements, Management's Discussion and Analysis and Annual Information Form for the year ended December 31, 2013, as available on the Company's website. All monetary figures are expressed in Canadian dollars unless [...]
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