CGA Mining To Raise $17M
VANCOUVER — As CGA Mining (CGA-T, CGAFF-O) ships its first gold from the Masbate project 350 km south of Manila in the Philippines, it is raising $17 million through a private placement.
Gold
Ventana Gains On La Bodega Results
VANCOUVER — Another long, high-grade gold hit from the La Bodega project in northeastern Colombia propelled Ventana Gold’s (VEN-T, VENGF-O) share price to a new all-time high, gaining $1.22 to hit $3…
AngloGold Ashanti Posts Strong Earnings
Higher spot gold prices, a lower hedge discount and weaker local operating currencies all contributed to strong first-quarter results for AngloGold Ashanti (AU-N, AGD-L).
Eldorado Scoops Up 20% Stake In Sino Gold
Eldorado Gold (ELD-T, EGO-X) plans to buy a 19.9% stake in China-focused Sino Gold Mining (SIOGF-O, SGX-A) in an all-share transaction with Gold Fields (GFI-J, GFI-N) valued at US$282 million.
Big Iron’s Gamesmanship
The tectonic shift in the iron ore business dominated headlines during the 22nd trading week of the year, as Rio Tinto ripped up its US$19.5-billion proposed financing with Chinalco and struck a new d…
Mexican Businessman Buying As Much As 55% Of Copper Fox
VANCOUVER — A Mexican tomato tycoon, Ernesto Echavarria, who calls himself a risk-taker, is coming to the rescue of Copper Fox Metals (CUU-V, CPFXF-O) with a much-needed $6-million financing that cou…
Study Finds Smaller Is Better For Alamos Gold
When Alamos Gold (AGI-T, AGIGF-O) first pondered building a 1,000-tonne-per-day mill that would process high-grade material from both the main Estrella pit at its Mulatos gold mine in Mexico, and mate…
Cozamin Reserves And Mine Life Grow For Capstone
VANCOUVER — May was a busy month for Capstone Mining (CS-T, CSFFF-O) and on the first of June investors took note, lifting the company’s share price almost 10% on news of a new reserve estimate and m…
More high grade for San Gold
Vancouver – Drills keep hitting high-grade gold in new zones near San Gold’s (SGR-V) producing Rice Lake mine in …
Mongolian government suspends Centerra mining license
Vancouver – As Centerra Gold’s (CG-T, CAGDF-O) headache in the Kyrgyz Republic dissipates a fresh one is build…
Grey Fox drilling gets off to a good start
The first drill program at Apollo Gold’s (APG-T) Grey Fox property near Timmins, Ont. returned some high-grade go…
Underworld gains on deep silver-gold
Vancouver – A gold-silver intercept over 400 metres down-hole propelled Underworld Resources’ (UW-V) share price up…