Edgewater secures $120M financing for Corcoesto
VANCOUVER — Edgewater Exploration (EDW-V) has secured in principle a $120 million debt financing for its flagship Corcoesto gold project in Spain as it moves the project towards production.
Gold
Semafo hits new gold zone in Niger
Taking a look at the old data has lead to a new discovery for Semafo (SMF-T).
Banks Island looks at Red Mountain’s short-term potential
VANCOUVER — Banks Island Gold (BOZ-V) has set out the financial potential of the Red Mountain project in northern British Columbia that it recently optioned into.
Kinross grapples with Tasiast
Unpopular mergers are behind some tough news for two of Canada’s largest gold miners.On the same day that Barrick Gold’s (ABX-T, ABX-N) top manager was ousted partly for his role in a share-price-depressing takeover,…
SMI can’t touch the copper-gold pie at Tampakan
On the Philippine island of Mindanao, advancement of the Tampakan project — encompassing one of the planet’s largest undeveloped copper-gold deposits — remains in limbo following months of environmental opposition to a planned…
Lion One’s defining year in Fiji’s gold fields
While many juniors find current market conditions difficult to bear, Lion One Metals (LIO-V) is brimming with optimism and bracing itself for a bountiful year.Such bullishness can be attributed to the company’s enviable position…
Sabina’s PEA paints a rosy picture at Back River
A recent preliminary economic assessment (PEA) for Sabina Gold & Silver’s (SBB-T) Back River has sketched a favourable prospect, highlighting high grades and lower-than-expected start-up costs for the gold project in…
Centamin’s upgrades a ray of sunshine at Sukari
Shareholders of Egypt-focused gold miner Centamin (CEE-T) have gotten a welcome bit of good news with the the company releasing an upgraded open-pit plan for its flagship Sukari gold mine in southeastern Egypt, some 700 km south of Cairo near…
McEwen Mining grows El Gallo
The first phase of production at McEwen Mining’s (MAQ-T, MUX-N) El Gallo deposit in Sinaloa, Mexico, is scheduled to start during the third quarter, but in the meantime the Toronto-headquartered company has grown the measured, indicated…
Alexis promises a turnaround
Alexis Minerals (AMC-T) is looking to redeem itself by restarting the Snow Lake gold mine in Manitoba, with the help of a conditional financing.Credit Suisse has agreed to provide the junior US$45 million to revive the past-producing mine…
Mineral Mountain strikes deal with Holy Terror
Mineral Mountain Resources (MMV-V) is betting that the legendary Homestake gold belt has some life left in it.The company has signed an option agreement to earn up to 75% of a property held by the privately owned and 120-year-old Holy…
Mawson hits 6 metres of 617 grams gold in Finland
Mawson Resources’ (MAW-T) share price has spiked after the company released a bonanza-grade drill intercept from its Rompas gold property in northern Finland.Standout hole 11 returned 6 metres grading 617 grams gold per tonne uncut…