Allied Gold picks $80M raising after nixing UAE funds
Allied Gold (TSX: AAUC; US-OTC: AAUCF) is raising $80 million through a public offering to fund further engineering and growth initiatives at the Sadiola mine in Mali and its Côte…
Gold
Gold stock analyst hails ‘once-in-a-lifetime’ trade opportunity in miners
Gold equities are being “mispriced unbelievably” in today’s market given the prospective rise in the metal’s price, says stocks expert and author Don Durrett, who is projecting gold at $4,000…
Northern Star nears final hurdle in De Grey takeover
Shareholders of De Grey Mining voted overwhelmingly in favour of a buy-out by Australia’s largest gold producer Northern Star Resources.
Soaring gold price sees Newmont vye for No. 4 ranking
Soaring gold prices have helped Newmont (NYSE: NEM, TSX: NGT) vie for fourth place among the world’s most valuable mining companies. Newmont briefly surpassed China’s Zijin Mining (HK: 2899) this…
Robex files prospectus for $77M Australia IPO
Canadian miner Robex Resources (TSX: RBX) filed a prospectus with Australian securities regulators for an estimated A$120 million (US$77 million) initial public offering that will help pay for a new…
Awalé logs strong results at Newmont-backed project
Drilling at Awalé Resources’ (TSXV: ARIC) Odienné copper-gold project in Côte d’Ivoire has returned results as high as 26 metres grading 12 grams gold per tonne, the company reported Thursday….
Greatland Gold’s Telfer forecast eases output
Greatland Gold (LSE: GGP) is envisioning annual gold production of 280,000-320,000 oz. over the next two fiscal years from the Western Australia Telfer mine, which it bought from Newmont (TSX:…
Sitka Gold nets $11.8M for Yukon exploration
Sitka Gold (TSXV: SIG) has closed an $11.8-million financing that it plans to spend on exploration at its RC project in west-central Yukon. Shares rose. The bought deal financing was led…
Gold price at ‘multiples of $3,000’ possible, Sprott says
As gold prices continue to rise, having hit a new record of $3,245.42 per oz. Monday, geopolitics and other factors could push yellow metal prices even higher, said Toronto-based asset…
Ascot targets August restart at Premier in BC
Ascot Resources (TSX: AOT; US-OTC: AOTVF) is targeting an August return to production for its Premier gold project in northwestern British Columbia following the completion of a $61.1-million financing to…
PDAC video: American Pacific aims to ride U.S. home-grown copper wave
Two American Pacific Mining (CSE: USGD; OTCQX: USGDF) projects in the U.S. may help meet Washington’s need for metal supply security, CEO Warwick Smith says. “Having this domestic supply is…
Fire shuts Kinross’ Tasiast mill in Mauritania
Kinross Gold (TSX: K; NYSE: KGC) has temporarily suspended mill operations at its Tasiast project in western Mauritania after a fire in the mill on Monday which has been extinguished,…