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% [...]
Canadian-based mineral exploration and development company Premier Gold Mines (TSX: PG) has teamed up with Jones, Gable & Company Limited and placed its shares at $3.65. Premier plans to use the gross proceeds from the sale of the shares for exploration programs to be conducted on the Hardrock project, Red Lake projects and PQ North [...]
Copper Fox Metals Inc (TSX-V: CUU) intends to privately raise C$2,000,000 in funds in a bid to to complete the feasibility study of the Schaft Creek deposit. The Offering is expected to consist of 23,188,406 units at a purchase price of $0.08625 per unit, for aggregate gross proceeds of $2,000,000. Each unit consists of one [...]
Pan American Silver Corp. declared a steep growth in silver and gold output for the second quarter ended June 2009 although net income of $10.2 million or $0.12 per share in the second quarter of 2009 was half of the net income of $21.4 million or $0.26 per share generated in the second quarter of [...]
Barrick Gold Corp. declared a stronger-than-expected quarterly net profit on Thursday, giving its shares a boost, while the company’s chief executive forecast lower mining costs in the quarters ahead. For full story, click here
The share price of China Gold Mines has shot up Monday after the gold miner said the grade of its gold mined in the three months to end-June improved by 88% over the previous quarter to an average milling grade of 10 grams per tonne. For full story, click here
Local junior mining firm Everton Resources Inc. declared that its intention to purchase another Ontario mining company in an all-share deal worth about $3.5 million. For full story, click here
Local junior mining firm Everton Resources Inc. declared its intention to purchase another Ontario mining company in an all-share deal worth about $3.5 million. For full story, click here
Less than three years ago Bendigo Mining Ltd. was being feted as the new darling of Victorian gold mining only to be hit by an embarrassing under-performance that saw wholesale management changes and jobs cuts and a share price that went for a Stuka dive. For full story, click here
Apollo Gold Corporation declared private placement financings pursuant to which Apollo proposes to sell 13,888,889 flow-through common shares for purposes of the Income Tax Act at CDN$0.54 per Flow Through Share and 5,555,556 common shares at a price of CDN$0.45 per Common Share on a bought deal basis, to raise gross proceeds of CDN$10,000,000. For [...]
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