Trelawney bids for Augen Gold
Trelawney Mining and Exploration (TRR-V) is looking to consolidate its position in the Swayze gold belt in northern Ontario, by acquiring one of its largest neighbours: Augen Gold (GLD-V).
News
Barrick buys 9% of Carpathian Gold for $20M
Carpathian Gold (CPN-T) has received a big credibility boost from Barrick Gold (ABX-T, ABX-N), after the miner agreed to purchase $20-million worth of the junior’s shares for an approximate 9% interest.
Prophecy Platinum up on Wellgreen resource
Recently restructured Prophecy Platinum (NKL-V) has been on a share-price roller coaster ride since releasing a resource update on its polymetallic Wellgreen project in the Yukon.
Storm clouds for Lake Shore
Lake Shore Gold’s (LSG-T) shares plunged to a new 52-week low in mid-July, after the company reported lower-than-expected gold grades for the second quarter, a delay in mill expansion and a reduced full-year production target.
Anfield gets hard numbers for Mayaniquel project
Two years after making a bet on Guatemalan nickel laterite, Anfield Nickel (ANF-V) has some hard numbers regarding the wisdom of the venture with its first preliminary economic assessment on the Mayaniquel project.
Shore says Saskatchewan diamond project feasible
After years of anticipation Shore Gold (SGF-T) has set out the details of its ambitious diamond project in Saskatchewan in a full feasibility study.
Greece approves European Goldfields’ EIS
It has taken five years, but Greece has finally approved European Goldfields’ (EGU-T, EGU-L) environmental impact study on its Greek assets.
Peabody Energy among those picked to develop Tavan Tolgoi
Shares of Peabody Energy (BTU-N) jumped US$1.30, or 2.2%, to US$60.69 following reports on July 5 that Mongolia had chosen it as part of a global energy consortium including China Shenhua Energy and a Russian-Mongolian group to develop its…
Former Idaho governor encourages mining in the state
When Democrat Cecil Andrus, the only governor in Idaho’s history to have served four terms, retired from the board of Coeur d’Alene Mines (CDM-T, CDM-N) after more than ten years of service, the mining company gave him a Beretta shotgun instead…
Xstrata snaps up First Coal for $147 million
Vancouver – Global coal giant Xstrata (XTA-L) has offered $147 million in cash for privately-held First Coal and its northeastern British Columbia coking coal assets.
Barrick stung by higher costs
Higher costs are pushing capex estimates higher at Pueblo Viejo, Pascua-Lama and Cerro Casale, Barrick Gold’s (ABX-T, ABX-N) major growth projects, the company reports.
More cash for Iron Mountain lifts Palladon
More money has come in and Palladon Ventures’ (PLL-V) shares are rising as a result. The company’s partner at the Iron Mountain project near Cedar City, Utah has secured the second US$20 million tranche of a US$45 million loan which should…