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…
Gold
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,…
Calibre rises on record gold output
Calibre Mining (TSX: CXB; US-OTC: CXBMF) increased first-quarter gold production by 16% to a record 71,539 oz. from its three producing mines in Nicaragua and Nevada. Shares rose. The quarter…
Patagonia Gold secures $40M for Argentina project
Patagonia Gold (TSXV: PGDC) said on Monday it has secured an investment of $40 million (C$55.5 million) to support the development of its main Calcatreu project in Rio Negro, central…
Goldman Sachs upgrades gold forecast to $3,700
Goldman Sachs has once again lifted its year-end price target for gold — this time to $3,700 an oz. — amid uncertainty surrounding the state of the global economy. In…
Gold Fields to shut Damang after Ghana denies lease
Gold Fields (JSE, NYSE: GFI) will cease operations at its Damang mine in Ghana after the government rejected the company’s application to extend the site’s lease expiring on Friday. The…