Silver Verde May Mining Company announce that it has signed a letter of intent to acquire all of the issued and outstanding shares of Golden Eagle Mining Co., Inc.. Upon completion of due diligence and further director approvals, Verde May will issue 14,287,680 of its common shares to acquire all of the shares of Golden [...]

Atlas Consolidated Mining and Development Corp. said Monday its consolidated net income in 2006 declined to P47 million from P85.4 million a year earlier.
Income at parent level, however, was higher at P272 million on the back of retiring liabilities and market-to-market gain on restructured debt.
Alfredo Ramos, president and chairman of Atlas, said the company’s total [...]