These are not the best of days for exploration companies. As funds to finance exploration programmes dwindle, most of them have shelved their development plans and have shifted gears to cash preservation mode. For full story, click here
Monday, April 6, 2009
By Kishori Krishnan Exclusive To Gold Investing News Gold which lost nearly 4 per cent in last two trading sessions, seems to be moving towards a key support level of $875 an ounce which is the 100 DMA (Day Moving Average). Gold price closed at $893 on Friday, losing nearly $35 since Wednesday after the [...]
Continue reading "Gold Price Swings After G20 Meet"
Friday, March 13, 2009
Mining costs, which constituted the industry’s biggest headache up until a year ago, are now a bright spot for a sector more concerned with volatile demand and tight financing markets. The shift in costs follows several years of rampant inflation in the mining sector, which had kept gold miners from realizing the benefits of soaring [...]
Continue reading "Mining costs see a bright future"
Tuesday, March 10, 2009
Colossus Minerals Inc. announced today the closing of its bought deal offering saying that a total of $24.7 million has been raised including 1.5 units of the over-allotment. The deal brought in money at $2.15 per unit, a significant premium over yesterday’s closing price of $1.77. Proceeds of the financing will mainly be used to [...]
Continue reading "Colossus Closes $24.7 Million Financing"
Friday, February 20, 2009
Colossus Minerals announced today a $21 million bought deal at $2.15/share with a half warrant at $2.75. The underwiting is being led by Macquarie Capital Markets and also includes Canaccord Capital, GMP, Dundee, Haywood, and Blackmont. An over allotment option could take the total up to $24.725 million. The deal is expected to close March [...]
Continue reading "Colossus Announces $20M+ Financing"
Monday, January 19, 2009
By Kishori Krishnan Exclusive to Gold Investing News Investment demand for physical gold remains strong as turmoil in the financial markets and fears over the outlook for the global economy boost the yellow metal’s appeal. Weakness in the banking sector, which saw Bank of America and Citigroup report large fourth quarter losses earlier on Friday, [...]
Continue reading "Gold Primes Itself For A Win-Win Situation"
Wednesday, November 12, 2008
New Gold Inc. informed about the financial and operational results for the quarter ending September 30, 2008 and the revised New Afton project development schedule. For fill story, click here For company’s website, click here
Continue reading "Financial and operational results of New Gold"
Wednesday, October 15, 2008
Kootenay Gold Inc. is an exploration and mining Company focused on the exploration and development of its top priority Promontorio Silver Project situated within the mineral rich Sierra Madre trend of Mexico.
Continue reading "Kootenay Gold Inc: Discovery, Growth And Vast Opportunity"
Monday, May 19, 2008
Overview At Buffalo we believe that this will be achieved by drawing on our strengths: A team with strength in all aspects of exploration, mining and finance Properties with strength in fundamental and potential value Strength in commitment to the environment and the communities in which we work Buffalo has a portfolio of projects ranging [...]
Continue reading "Buffalo Gold: Strength in Mining"
Saturday, May 17, 2008
Overview Sage Gold Inc. is a mineral exploration company managed by an experienced team of financial and geological specialists with extensive experience in all aspects of exploration, development, and financing of both senior and junior resource companies. The company is focused on exploring, developing and acquiring economic properties in the Americas. Sage has an aggressive [...]
Continue reading "Sage Gold Inc.: Aggressive 2008 Drill Program"
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Friday, June 19, 2009