Nordgold boosts stake in Columbus Gold
Russian billionaire Alexey Mordashov’s mining company, Nordgold, has increased its stake in Canadian junior Columbus Gold (TSX: CGT; US-OTC: CGTTF) to 9.96% on a non-diluted basis, and 11.18% if it…
Northquest Ltd
Nordgold raises its offer for Northquest
VANCOUVER — After increasing its stake in Northquest (TSXV: NQ) to 52.3% late last year, Russian gold miner Nordgold is making a move to acquire the rest of the junior and…
Nordgold raises stake in Northquest
As Canadian mining companies look inward, licking their wounds from the prolonged rout in commodity markets, a Russian gold producer with nine operating mines and heaps of cash has exercised warrants above market price to take a majority stake…
Termites lead explorers in Mali to gold
Nicknamed “geozoology,” or “termite geochemistry,” mineral exploration companies in Mali are still turning to termites as an important tool in the search for gold deposits. By sampling termite mounds, which often tower more than two metres high…