Gold Company News Directory

Alpha Exploration Announces Drilling at Donna Gold

Alpha Exploration (TSXV:AEX) has been notified byits optionee on the Donna Gold property, Interconnect Ventures (IVC) that a drill program will take place at its Donna Gold property. The property is located in the Monashee Mountains of British Columbia.

Goldcorp Signs Resource Development Agreement with Ontario First Nations

Goldcorp (TSX:G,NYSE:GG) announced that Porcupine Gold Mines has signed a resource development agreement with four First Nation communities in Timmins, Ontario. The agreement outlines long term benefits for the First Nation communities, and sets up a framework for continued consultation on existing and future operations in the area

Nevada Sunrise Announces Earn-In Agreement for Golden Arrow Property

Nevada Sunrise Gold (TSXV:NEV) announced that it has signed a letter of agreement for its Golden Arrow property allowing Atherton Resources a chance to earn a 65 percent interest in the project. To earn that interest, Atherton will have to complete eligible expenditures of USD $4.5 million during a four-year period with a minimum yearly expenditure of $750,000.

Klondex Mines Receives $10.3 Million from Exercise of Warrants

Klondex Mines (TSX:KDX) announced that it had received $10.3 million from 5,859,177 common share purchase warrants being exercised during October and November. In aggregate, of 7,525,560 common shares were issued in connection with the exercise of the Warrants for total proceeds of $13.2 million, inclusive of the $10.3 million noted above.

True Gold Posts $2.88 Million Loss in Third Quarter, $13.9 Million for the Year

True Gold (TSXV:TGM) released its third quarter results announcing that it had fully financed the Karma gold project -with investment from Sandstorm Gold and Franco-Nevada Corporation - and begun construction on the project. However, the company posted a loss of $2,888,103 and a year-to-date loss of $13.9 million. The company says the losses are less than this time last year due to declining exploration and evaluation costs.