Dundee Securities Ups Price Target for Dalradian to $1.50

Dundee Securities Ups Price Target for Dalradian to $1.50

Last week, Dalradian Resources received C$8.6 million in proceeds from the exercise of roughly 96.5 percent of 10 million warrants issued last February. The company sees the exercise as "a strong vote of confidence from Dalradian’s warrantholders," and analysts at Dundee Securities seem to agree.

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Videos

Brent Cook: Know the Difference Between a Legitimate Discovery and One That’s ‘Just Not Going to Work’

At VRIC, Resource Investing News spoke with Brent Cook of Exploration Insights about the gold space and a few companies he thinks could be worth a look. An independent exploration analyst and seasoned geologist, Cook participated in the 2015 exploration forecast panel at the conference and also gave a keynote presentation to a packed hall of attendees.

Company News

Bravada Gold Signs LOI with Goldspike Exploration for North Lone Mountain Property in Nevada

Bravada Gold Signs LOI with Goldspike Exploration for North Lone Mountain Property in Nevada

Bravada Gold Corporation (TSXV:BVA,FWB:BRT) signed a Letter of Intent with Goldspike Exploration Inc. for exploration on the North Lone Mountain property in Nevada. The agreement allows Goldspike to earn a 50% interest in the property by funding a work program of US$150,000 over two years, after which the companies will form a joint venture to further explore and develop the property. During the earn-in period, Bravada will be operator.

Corvus Gold Closes CAD$4.5 Million Non-Brokered Private Placement

Corvus Gold Closes CAD$4.5 Million Non-Brokered Private Placement

Corvus Gold Inc. (TSX:KOR,OTCQX:CORVF) has closed a CAD $4,500,000 non-brokered private placement, issuing 4,500,000 common shares at a price of CAD $1.00 per share. Tocqueville Asset Management L.P. and AngloGold Ashanti (USA) Exploration Inc. were insider participants in the private placement.

Richmont Mines COO Resigns

Richmont Mines COO Resigns

Richmont Mines Inc. (TSX:RIC,NYSEMKT:RIC) announced that President and CEO Renaud Adams will be overseeing operations and development currently underway at the Island Gold Mine in Ontario. This is due to the resignation of Chief Operating Officer Rosaire Emond effective March 6, 2015.

Greece Softens Stance on Eldorado Gold’s Mine Operations

Last than a month after the Greek government unequivocally stated its opposition to Eldorado Gold's (TSX:ELD) Skouries mine in the country, Reuters reported that Greece has said that it won't block the mine. However, the government will review permits for a processing plant at the site.

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Company Videos

Radisson Mining’s Mario Bouchard Talks Gold in Quebec

Radisson Mining Resources (TSXV:RDS) President Mario Bouchard spoke to the Investing News Network about the O’Brien property in Quebec, between the towns of Rouyn-Noranda and Val-d’Or.

Precipitate Gold Highlights New Gold Zone in the Juan de Herrera Project

Precipitate Gold Corporation (TSXV:PRG) President & CEO Jeffrey R. Wilson talks about the Juan de Herrera project in the Dominican Republic and the discovery of a new gold zone and a mineralized system in 2014, which will be followed by a next round of drilling in and around the first quarter of 2015.

Market News

Indian Consumers Hold Off on Purchasing Gold

Reuters reported that an expected cut in import duty and a likely drop in local prices has consumers in India holding back on gold purchases, but dealers are hopeful the upcoming wedding season will help them secure purchases.

Gold Drops to $1,199.50 on News of Greek Reform

The spot gold price slipped 0.4 percent, to $1,196.45 per ounce, on news that the European Union has accepted Greece's proposed reform plans in ongoing discussions regarding the country's debt.

IBA Gold Price Benchmark to Replace Fix in March

Reuters reported that starting March 20, 2015, ICE Benchmark Administration (IBA) will run an electronic gold price benchmark that will replace the current London gold fix.

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