Brilliant Resources looks to shine in Equatorial Guinea
Vancouver – There are few countries in the world without active mineral exploration, but before Brilliant Resources (BLT-V) showed up Equatorial Guinea was one of them.
Gold
Credit crunch no problem for Quartermain’s Pretium
Robert Quartermain’s Pretium Resources (PVG-T, PVG-N) has started the new year with a bang, announcing plans on Jan. 19 to raise $18.5-million in flow-through funds at $18.50 a share. The bought-deal financing led by Salman Partners represents…
First resource for Northern Freegold’s Revenue deposit at 3.7M gold equivalent ounces
Vancouver – Northern Freegold Resources (NFR-V) has added significantly to the overall resources at its Freegold Mountain project in Yukon thanks to an initial resource on its Revenue deposit.
Ivanhoe drops the poison pill and secures financing
Rio Tinto (RIO-N, RIO-L) is moving ever closer to increasing its stake in Oyu Tolgoi through Ivanhoe Mines’ (IVN-T, IVN-N) equity. After winning a court ruling in late December of last year the sting was removed from Ivanhoe’s shareholders…
Exeter completes Caspiche prefeasibility
The Caspiche project in northern Chile’s Maricunga gold district has a pre-tax net present value at a 5% discount rate of US$2.8 billion and a pre-tax internal rate of return of 11.5%, according to Exeter Resource’s (XRC-T, XRA-X)…
Gold to hit US$2,000 before ending decade-long rally in 2013: GFMS
London, U.K. – A report by Thomson Reuters and metals analyst firm GFMS predicts the price of gold will rally to all-time highs in late 2012 before reaching the closing stages of its decade-long bull run sometime in 2013.
Kinross tumbles as it scrambles to cut costs
Kinross Gold’s shares fell 20% a day after the company said it’s reviewing its three growth projects to improve “capital allocation, project sequencing and investment returns.”
Capex rising for Iamgold
Iamgold (IMG-T, IAG-N) reported production of 253,000 attributable ounces of gold in the fourth quarter of 2011, the company’s best quarter of the year. Full-year production in 2011, including production from discontinued businesses, was…
Unigold’s share price doubles on Dominican gold intercepts
Vancouver – Dominican Republic-focused Unigold (UGD-V) saw its share price double on news of some impressive gold intercepts from its Neita property in the country.
Tigray on the hunt for another Bisha
Recent drilling at Tigray Resources’ (TIG-V) flagship Harvest copper-gold-silver project in northern Ethiopia has returned several new high-grade intercepts, including 21 metres grading 5.7% copper, 1.5 grams gold per tonne, 18 grams silver per…
Panoro explores for riches in Peru’s heartland
It all started with a phone call. On the line was Standard Bank, looking to auction off some Peruvian properties after a joint venture between two majors had gone sour. On the other end of the line was Panoro Minerals (PML-V), which had worked…
New royalties rattle Gabriel investors
Investors in Gabriel Resources (GBU-T) were hit by post-holiday blues after the Romanian government announced that it would be doubling royalties on gold production in the country.