Teck Resources will sell stake in Alaska’s Pogo Mine for $245 mln
Debt-strapped mining giant Teck Resources Ltd. declared that it has finalized an anticipated deal to sell its stake in Alaska’s Pogo gold property. For full story, click here
Articles Tagged "stake"
Japan’s Sumitomo Mining will purchase Teck’s Pogo Gold Mine Stake
Japan’s Sumitomo Metal Mining Co Ltd. declared that the company itself and Sumitomo Corp. will purchase Teck Resources Ltd’s 40 percent stake in the Pogo gold mine in Alaska, making the Japanese mining company the operator of an overseas mine for the first time. For full story, click here
Gold Price Under Pressure To Perform
By Kishori Krishnan Exclusive To Gold Investing News The recent rally in American and Canadian equity markets is soon to give way to a gut-wrenching collapse that will push equities to shocking new lows, with gold prices reacting by rallying to new highs. After having correctly anticipated the timing and extent of the March 9th [...]
Sprott Asset management took 5.4% stake in Medusa Mining
North American fund manager, Sprott Asset Management announced that it has held a 5.4% stake in listed Medusa Mining. For full story, click here
Royal Gold agrees to sell 6.5 million shares
Royal Gold Inc. declared that it has agreed to sell 6.5 million shares at $38 per share, and will use the proceeds to finance its acquisition of a stake in the gold produced from the Andacollo mine in Chile. For full story, click here
Moto Goldmines purchase 20% stake in Kilo
Moto Goldmines reported that it has purchased 20 per cent stake in Kilo Goldmines. The acquisition has seen Moto acquire 7,853,353 common shares out of the outstanding total of 39,266,766, as well as ownership of 1,297,400 warrants to buy common shares from Kilo, with each worth Australian $0.60 for two years. For full story, click [...]
MIL Resources Limited To Acquire 50% of Titan Metals Limited
MIL Resources Limited announced that it has reached agreement to acquire 50% of Titan Metals Limited, a private PNG registered company which holds 8 Exploration Licence Applications (ELAs) covering over 10,000 sq km in PNG and hosting potential for significant discoveries of gold, copper, nickel and molybdenum deposits. For full story, click here
Kiernan to lift stake in Redbank to 40%
Mining identity Michael Kiernan says he will double his stake in cash-strapped copper and gold producer Redbank Mines Ltd whose chairman Kim McGrath stood down, citing personal reasons. For full story, click here
