Semafo Raising $40.5M
West-Africa focused Semafo (SMF-T, SEMFF-O) plans to raise $40.5 million through a bought-deal financing, the company reports.
Gold
Mongolian Government Suspends Centerra Mining Licence
VANCOUVER– As Centerra Gold’s (CG-T, CAGDF-O) headache in Kyrgyzstan dissipates, a fresh one is building in Mongolia.
Mercury Issue Closes Yukon-Nevada Roaster Again
Yukon-Nevada Gold (YNG-T, YNGFF-O) has shut down a portion of its Jerritt Canyon mine operation in Nevada yet again.
SilverCrest Secures US$12.5M Loan
VANCOUVER — With a US$12.5-million loan lined up, SilverCrest Mines (SVL-V, STVZF-O) says it now has the necessary funds to bring its Santa Elena project in Mexico to production.
Great Basin Advances Hollister And Burnstone
VANCOUVER– Trial mining and underground drilling at Great Basin Gold’s (GBG-T, GBG-X) Hollister project in Nevada have increased the gold resource there while the company works to finalize a US$129-m…
Emba Derho Scoping Study Lifts Sunridge
VANCOUVER — As Sunridge Gold (SGC-V, SGCNF-O) announces a positive scoping study for its Emba Derho copper-zinc project near Asmara, the capital of Eritrea, the company’s executive vice-president Don…
Pebble Creek Gets Key Permit In India
It’s been 13 long years in the making, but Pebble Creek Mining (PEB-V, PBLEF-O) is now just one step away from getting a mining lease for its Askot project, in the scenic foothills of the Himalayas in…
Nautilus Hones Undersea Plans
VANCOUVER — Construction of its novel deep-sea mining equipment has been on hold since December, but Nautilus Minerals is seeing opportunity rather than disappointment in its delay: the company has s…
Xstrata’s Overture
Mega-merger talk kicked up again at the end of the 24th trading week of the year, as Xstrata unveiled its desire for a “merger of equals” with Anglo American.
Exeter Set To Update Caspiche Resource
VANCOUVER — The drills have stopped turning for a winter break, but lengthy gold-copper intercepts keep rolling in from Exeter Resource’s (XRC-V, XRA-X) Caspiche project in Chile.
More High Grade For San Gold Near Rice Lake
VANCOUVER — Drills keep hitting high-grade gold in new zones near San Gold’s (SGR-V, SGRCF-O) producing Rice Lake mine in Manitoba — and the company’s share price keeps climbing in response.
Appleton Gains 200% On Malian Gold Hit
VANCOUVER — A high-grade gold hit from the Manalo gold project in Mali propelled Appleton Exploration’s (AEX-V, APPPF-O) share price to new heights recently.