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).
Gold
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.
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.
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.
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.
Market shrugs for NovaGold’s Galore Creek PFS
Vancouver – NovaGold Resources (NG-T, NG-N) has released a new prefeasibility study for its 50%-owned Galore Creek copper-gold project in Northern British Columbia, nearly six years after completing it the first time round.
Golden Predator continues Brewery Creek expansion
Vancouver – Golden Predator (GPD-T) continues to increase the size potential at its flagship Brewery Creek project with encouraging gold hits on the new Sleeman discovery.
Gold Mountain rises on Elk, financing
A junior led by Copper Mountain Mining’s (CUM-T) CEO, Jim O’Rourke, saw its shares jump as high as 50%, two days after it completed a qualifying transaction and a concurrent financing.
Batero falls on the drill
Batero Gold’s (BAT-V) impressive market run over the last 12 months has hit a bit of a snag. The company’s shares have fallen 28% since releasing its latest drill results on July 27. In Toronto on July 28 its shares closed at $2.68 on 1.04…
Agnico-Eagle invests $70 million in Rubicon
Agnico-Eagle Mines (AEM-T, AEM-N) is making a $70 million strategic investment in Rubicon Minerals (RMX-T, RBY-X) that will give it 9.2% of the company’s outstanding shares.
Augen Gold’s Mason won’t go down without a fight
Directors of Augen Gold (GLD-V) have unanimously recommended shareholders reject an all-share offer from neighbour Trelawney Mining and Exploration (TRR-V) valuing the company at $55 million.
[Update] Brigus to drive production growth
Brigus Gold (BRD-T) says gold production will increase as it ramps up the Black Fox mine and exploration efforts in Timmins, Ont.