Santa Fe Gold Corp.

Santa Fe Gold today announced its termination of the previously announced definitive merger agreement with Tyhee Gold. The merger agreement provides that in the event that Tyhee fails to consummate a qualified financing of at least $20 million on or before March 15, 2014, then Santa Fe may elect to terminate the merger Agreement. Because Tyhee failed to timely consummate a qualified financing, Santa Fe's Independent [...]

Santa Fe Gold is pleased to announce that it has entered into an amended option agreement with Columbus Exploration whereby Santa Fe can earn a 100% interest in Columbus' Mogollon Project by immediately paying US$50,000 to Columbus, followed by a binding and mandatory US$950,000 payment upon closing of Santa Fe's proposed merger with Tyhee Gold. Pursuant to the terms of the amended agreement, if Santa Fe's proposed merger [...]

Santa Fe Gold today announced that it has received notice that Tony Cavanaugh, an alleged stockholder of the Company, filed in the Second Judicial District Court of the State of New Mexico, County of Bernalillo, a purported class action complaint on behalf of himself and all others similarly situated, against the Company, the five current members of its Board of Directors, and Tyhee Gold Corp. and Tyhee Merger Sub, Inc.

Santa Fe Gold today announced financial results for the three and six months ended December 31, 2013. Revenues were $1.0 million for the three months ended December 31, 2013, representing a 76% decrease over the same period of the prior year. Revenues for the six months ended December 31, 2013 decreased by 78% to $2.2 million. As previously announced, equipment issues and production downtime at the Summit mine continued [...]

Santa Fe Gold is pleased to announce that it has entered into a Bridge Loan Agreement with Tyhee Gold, for up to $3.0 million in bridge financing in conjunction with the previously announced Merger Agreement. As of February 14, 2014, Tyhee has made an initial advance of $1,515,832 in accordance with the terms of the Bridge Loan. The Bridge Loan bears interest at a rate of 2% per month. The outstanding principal amount of [...]

Tyhee Gold is pleased to announce that the previously announced Note Purchase Agreement with RMB Australia Holdings has received regulatory approval from the TSX Venture Exchange, enabling the transaction to be completed. Under the terms of the Agreement, RMB Australia has provided the Company with a US$5 million loan, which has a six-month term and bears interest at 2% per month, all of which was paid on closing. This [...]

Santa Fe Gold today announced the signing of a definitive merger agreement with Tyhee Gold, the entering of a $3.0 million Bridge Loan Agreement with Tyhee and terms of a series of contemplated debt restructurings with Santa Fe's secured lenders in aggregate amount in excess of $23 million. The Tyhee Merger The Merger Agreement provides that each share of Santa Fe common stock will, by virtue of the merger be exchanged [...]

Tyhee Gold is pleased to report that it has entered into an agreement with Santa Fe Gold whereby, subject to certain conditions, Tyhee, acting through a newly-incoporated Delaware subsidiary corporation, will acquire 100% of the issued and outstanding securities, including dilutive securities, of Santa Fe in exchange for securities of Tyhee. Santa Fe currently holds a number of precious metals properties in New Mexico [...]

Santa Fe Gold today announced financial results for the quarter ended September 30, 2013. Santa Fe reported revenues of $1.2 million for the three months ended September 30, 2013 as compared to $5.6 million for the same prior year period, a 79% decrease of $4.4 million. Sales for the September 2013 quarter were adversely affected by various equipment issues related to undercapitalization of the Summit mine, which caused a [...]

Santa Fe Gold today announced financial results for its fiscal year ended June 30, 2013. Santa Fe Gold reported revenues of $14.6 million for the year ended June 30, 2013, which represents an increase of 49% over 2012. The Company's gross profit (or earnings from mining operations) decreased by 32% to $2.4 million in 2013. The full version of the financial statements and management's discussion and analysis can be viewed [...]