A 1% net smelter return royalty on production from the Atlanta gold mine, which is currently under development, has been purchased by Atlanta Gold Inc (TSX: ATG). Earlier, in 2003, a 2% royalty was granted to Canadian American Mining Company LLC when the company acquired the remaining 20% participating interest in the property from CAMC. [...]
Sheltered Oak Resources Corp has announced that it has purchased the rights to Sage Gold Inc’s interests in the Larder Lake Mining District in Kerrs Township in the Abitibi Greenstone Belt of Ontario. Sage will receive 2 million common shares of Sheltered Oak Resources and $5 million in cash. Sage will also receive a 2% [...]
BUSINESSMAN FELIPE YAP’S MANILA Mining Corp. yesterday led a sharp rally among local mining Stocks on news about Hong Kong-based First Pacific Co. Ltd.’s interest in its dormant gold mining project in Surigao del Norte. For full story, click here
Canadian gold miner Semafo Inc has boosted its stake in a gold mine in Niger to 80 percent after it acquired Etruscan Resources Inc’s minority interest for $3 million. For full story, click here
Caldera Resources Inc. declared that it has signed a Memorandum of Understanding with 1518164 Ontario Inc. to acquire 100% interest in 55 unpatented claims of the Auden Property which is highly prospective for gold. For full story, click here
Gold Aura Limited declared that its Brazilian subsidiary Gold Aura do Brasil Mineração Ltda. has moved to protect its interest in the Sao Chico gold property in Para State, Brazil, by entering into an agreement to acquire an effective 60% interest in the Sao Chico Project via acquiring 100% of the Sao Chico Project and [...]
Grandview Gold Inc. declared that it has signed a letter of intent with a private Peruvian group to acquire an 80 per cent interest in a 400-hectare property in exchange for cash, exploration spending and equity. For full story, click here
Glass Earth Gold Limited declared that it has entered into an option agreement to acquire a 70% equity interest in Golden Fern Resources, which currently holds 70% of the Rise & Shine prospect in Otago. For full story, click here
Manicouagan Minerals Inc. revealed that that it has entered into an agreement with Trillium North Minerals Ltd. pursuant to which it can earn up to a seventy percent interest in three gold exploration properties in the Pickle Lake Area, Ontario. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News U.S gold futures slipped early Thursday as some investors unwound their safe-haven play when the dollar strengthened and equity markets firmed, following positive earnings news and improved economic prospects. Gold for June delivery GCM9 lost $6.50 to $879.40 an ounce on the COMEX division of the New [...]
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