A gold mine being developed in Northern Manitoba, Canada, has some more elbow room thanks to a deal with an Australian resources fund.
Gold Company News Directory
Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) has identified its next steps towards securing funding for its 75% owned Serra Pelada gold-platinum-palladium Mine. The Colossus board of directors have decided to review the Company’s strategy, and will be ceasing underground development for the time being as they focus on de-risking the project as well as decrease overall cost.
Klondex Mines Ltd. (TSX:KDX) reported that financing is expected to include a gold financing package from Franco-Nevada Corporation in the amount of $35 million, a private placement of subscription receipts for gross proceeds of approximately $35 million and a private placement of secured notes for approximately $25 million.
Corvus Gold Inc. (TSX:KOR,OTCQX:CORVF) reported that complete assay results from the Yellowjacket vein system demonstrate that the combined near surface, higher-grade, bulk tonnage, vein and stockwork zones are consistently 20-50 metres wide with average grades ranging from 1 to 7 g/t gold and 14 - 32 g/t silver.
Klondex Mines Ltd. (TSX:KDX) is set to acquire the Midas mine and related ore milling facility located in the State of Nevada for approximately US$83 million from a subsidiary of Newmont Mining Corporation.
Homestake Resource Corporation (TSXV:HSR,FWB:B6IH) addressed and clarified Technical Disclosure issues as identified by the British Columbia Securities Commission (BCSC) as being non-compliant to NI43-101.
Canada-based gold producer Yamana Gold (TSX:YRI,NYSE:AUY) is investing $450 million to bring a gold mine in the Patagonia region of Argentina into production by 2015, Reuters reported.
Calico Resources (TSXV:CKB), which owns the Grassy Mountain gold play in southeast Oregon, on Tuesday announced it has agreed to sell the project to private company Rockstar Resources for a consideration of $35 million.
Cosigo Resources Ltd. (TSXV:CSG) appointed Raymond M. Ashley as its Technical Advisor. Mr. Ashley has worked in the exploration industry for over 25 years both in Canada and around the world.
Toronto-based Carlisle Goldfields (TSX:CGJ) on Monday published the results of a preliminary economic assessment on its Lynn Lake gold camp in Manitoba.