Lake Victoria Mining sells gold forward
When it comes to finding ways to raise money in today’s beaten down junior financing market, Lake Victoria Mining (US-OTC: LVCA) seems to have taken the task to a whole new level.
News
Wallbridge to put Broken Hammer into production
Wallbridge Mining (TSX: WM; US-OTC: WLBMF) is building an open-pit mine in April at its Broken Hammer copper–platinum group metal project in Sudbury, Ont., and says production should start in June. Total capex is $1 million.
Uranium Energy gets US$10M cash injection
Texas-based Uranium Energy (NYSE-MKT: UEC) has drawn down another US$10 million from its previously announced US$20-million credit facility, after its lenders agreed to defer the required principal payments by two years, providing the company…
Why building a mine on budget is so rare
There is an established history of capital-cost overruns in the mining industry stretching back at least 50 years, mining analyst Christopher Haubrich told the Prospectors & Developers Association of Canada (PDAC) conference in Toronto in…
Victoria Gold’s mission: Build Yukon’s first major gold mine
MAYO, YUKON — To prospectors, Yukon and gold are almost synonymous, an equivalence the territory earned by churning out 20 million oz. placer gold. It is odd to think, then, that Yukon has never been home to a significant hard-rock gold…
PE firm Denham Capital takes people-first approach
Private equity firm Denham Capital has invested in four mining ventures in South America and Africa since 2008, and is close to signing a fifth deal, this one with a team in Australia.
Fortuna Silver keeps the faith with future growth
While some analysts remain bullish on Fortuna Silver Mines (TSX: FVI; NYSE: FSM), the overall market doesn’t seem to agree.
Activist shareholder criticizes Sherritt International
A Halifax-based investment company that owns shares in Sherritt International (TSX: S) is calling for a change at the Toronto-based company, which it accuses of making “ill-considered acquisitions” and dishing out…
Dow Jones rises and S&P 500 falls, March 24-28
Comments from Chinese Premier Li Keqiang that China would likely invest in infrastructure to bolster economic growth while the U.S. shows a strengthening economy — with consumer spending rising 0.3% in February after a 0.2% gain in…
Yamana to partner up with Osisko, outbids Goldcorp
Osisko Mining (TSX: OSK; US-OTC: OSKFF) has worked out a deal with Yamana Gold (TSX: YRI; NYSE: AUY) to retain control of its Quebec-based Canadian Malartic gold mine while trumping Goldcorp’s (TSX: G; NYSE: GG) hostile bid.
Avnel’s new path for Kalana mine in Mali
VANCOUVER — When Avnel Gold Mining (TSX: AVK) bought the Kalana gold project in southwest Mali in 2002, its priority was getting the historic mine back into production, as required by the terms of the property deal. As a result Avnel has…
Ivanhoe unveils Platreef PEA as drills hit Ga-Madiba
VANCOUVER — Robert Friedland’s Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) is sitting on an impressive platinum group metals (PGM) resource at its Platreef property, situated 280 km northeast of Johannesburg, South Africa,. And the…