Toronto-based Lake Shore Gold (TSX: LSG; NYSE-MKT: LSG) says its strong operating results and growing cash position has helped it make a $10-million prepayment on a standby line of credit with Sprott Resource Lending Partnership, reducing the…
Guyana Goldfields (TSX: GUY) has secured financing to bring its Aurora gold project in Guyana into production by mid-2015. The good news came in the form of approvals by a group of lenders to provide US$185 million in debt financing to cover…
VANCOUVER — From new holes to old cores, and from gold to tungsten, Mega Precious Metals (TSXV: MGP; US-OTC: MPRXF) has been uncovering potential at the Monument Bay project in northeastern Manitoba.
The U.S. Federal Reserve’s latest suggestion that it would keep interest rates low seemed to outweigh concerns about the renewed turmoil in Iraq, sending the Dow Jones Industrial Average and the S&P 500 Index to record highs. The…
COCHRANE, ONTARIO — When you look at the careers of Detour Gold’s (TSX: DGC) chief operating officer Pierre Beaudoin and president and CEO Paul Martin, it’s almost as if both men had been groomed for their task of bringing the…
Canadian diamonds are coming back into fashion, and analysts at Dundee Capital Markets have noticed, initiating coverage of two diamond developers in Canada and three advanced explorers.
The remarkable move upwards of gold prices in mid-June has gold investors catching their collective breath and walking with a little more spring in their step, as June draws to an end and gold prices firm up well north of US$1,300 per oz.
Probe Mines (TSXV: PRB; US-OTC: PROBF) has published the first high-grade underground resource estimate for its Borden gold project, located on the outskirts of Chapleau, west of Timmins, Ont.
First Quantum Minerals (TSX: FM; LSE: FQM) has made a friendly $470-million takeover offer for Lumina Copper (TSXV: LCC; US-OTC: LCPRF), ending a sale process for the junior and its Taca Taca copper–gold–molybdenum project in…
VANCOUVER — It’s a fight over oil, not metals or coal, but mineral explorers and developers across B.C. — indeed, across Canada — will watch closely to see how Enbridge fares in the battle to build the now-approved…
VANCOUVER — The resource at developer Platinum Group Metals’ (TSX: PTM, NYSE-MKT: PLG) Waterberg platinum group metals discovery on the North Limb of the Bushveld igneous complex in South Africa just keeps growing. A new, expanded…
Fresh on the heels of the $470 million sale of Lumina Copper (TSXV: LCC) and its Taca Taca project in Argentina to First Quantum Metals (TSX: FM; LSE: FM) earlier this month, Lumina’s founder and largest shareholder, Ross Beaty, is making…
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