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GOLD

Silver Lake to take full ownership of Mt Monger

0 COMMENTS
Gold miner Silver Lake Resources would acquire the outstanding 15% in the Mount Monger joint venture (JV) from partner Newcrest Operations for A$1.57-million. The Mount Monger JV, in Western Australia, included the Majestic and Imperial projects,...
28th July 2014
 
 
GOLD

Azumah awarded mining leases in Ghana

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Junior gold developer Azumah Resources has been granted two mining leases for its Wa project by the Ghanaian Minister of Lands and Natural Resources. The mining leases were for a term of 15 years and included the Kunche and Bepkong deposits,...
28th July 2014
 
 
CAPITAL RAISING

MacPhersons raises cash for Nimbus BFS

0 COMMENTS
Metals miner MacPhersons Resources on Monday announced that it would raise up to A$10.4-million in a share placement to fund the bankable feasibility study (BFS) of its Nimbus silver-gold-zinc project, in Western Australia. The ASX-listed miner...
28th July 2014
 
 
GOLD

Orinoco teams up with Cleveland to speed up Brazil gold project

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ASX-listed miner Orinoco Gold and Cleveland Mining have teamed up to fast-track the development of Orinoco’s Cascavel gold project, in Brazil. Under the terms of the agreement, Cleveland would assist Orinoco in mining, extracting, processing...
28th July 2014
 
 
PROJECT FINANCING

Osisko Gold Royalties buys into NioGold for C$4.9m

0 COMMENTS
The TSX-V-listed stock of junior exploration firm NioGold Mining on Friday soared by as much as two-thirds after announcing a C$4.9-million private-placement financing with Osisko Gold Royalties. Vancouver-based NioGold said Osisko would buy...
25th July 2014
 
 
COMPANY REORGANISATION

Veris Gold granted provisional relief in the US

0 COMMENTS
Gold producer Veris Gold was this week granted provisional relief under Section 1519 of the US Bankruptcy Code. As of  Wednesday, the ruling recognised the Canadian proceeding of the Companies' Creditors Arrangement Act (CCAA) and, as a result,...
25th July 2014
 
 
SILVER

Fortune Minerals reports attractive metrics for Colorado silver mine

0 COMMENTS
TSX-listed Fortune Minerals this week reported attractive financial indicators resulting from a preliminary economic assessment (PEA) undertaken on its recently acquired Revenue silver mine, in south-west Colorado. The London, Ontario-based...
25th July 2014
 
 
TRADING UPDATE

Mali, Ghana mines weigh on AngloGold Q2 results

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Gold producer AngloGold Ashanti’s closure of its Yatela mine, in Mali, and the ongoing restructuring at its Obuasi mine, in Ghana, would likely drag down earnings for the second quarter. AngloGold embarked on the implementation of a range of...
25th July 2014
 
 
 
 
 
 
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