Detour Gold raising $48.4 million
Detour Gold (DGC-T) is raising $48.4 million in a bought-deal financing to advance its Detour Lake gold project 180…
Canada
Underworld Hits Longest Gold Intercepts Yet
VANCOUVER — A trio of strong drill results from the White Gold property in the Yukon propelled Underworld Resources’ (UW-V, UNDWF-O) share price up 34% or 36¢ to $1.41.
Athabasca Potash Ups Burr Resource
Athabasca Potash (API-T, ABHPF-O) has reported a significant boost to resources at its Burr project in Saskatchewan.
Creston And Tenajon Join Forces
VANCOUVER — A proposed merger of Creston Moly (CMS-V) and Tenajon Resources (TJS-V, TJSAF-O) is set to create a molybdenum development company with a strong pipeline of projects.
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…
Sage Gold Scooping Up Puma
An all-share merger between Geraldton-Beardmore explorer Sage Gold (SGX-V, SGGDF-O) and Consolidated Puma Minerals (CPW-V, CPMAF-O) will leave Sage with an extra $3.5 million in its coffers and the fl…
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 …
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…
Iamgold’s Niobec to see US$47M expansion
Iamgold’s (IMG-T, IAG-N) board has given the green light to a major expansion of the company’s wholly owned Niobe…