Keegan Cuts More Gold At Esaase
Keegan Resources (KGN-T, KGN-X) has reported more gold intercepts at its Esaase project in Ghana, including 11 metres of 6.6 grams gold per tonne from just 1 metre depth in hole 509.
News
El Nino Falls On Results From New DRC Project
VANCOUVER–The first full set of drill results from El Nino Ventures’ (ELN-V, ELNOF-O) Kasala copper discovery in the Democratic Republic of the Congo (DRC) left investors unimpressed: El Nino’s share…
StrataGold Ups Dublin Gulch Resource
VANCOUVER–A new resource estimate for StrataGold’s (SGV-T, SAGDF-O) Dublin Gulch project in the Yukon has added 700,000 oz. gold to the indicated count.
Augusta Updates Rosemont Feasibility
An updated bankable feasibility study on the Rosemont copper-molybdenum project in Pima Cty., Ariz., has found that the proposed mine would have an after-tax net present value of 5%, or US$1.28 billio…
$250M Loan Puts Katanga In Glencore’s Thrall
Faced with the mounting financial distress of Katanga Mining (KAT-T, KATFF-O), the company’s shareholders have agreed to let the world’s largest commodity trader step in.
BHP Moves To Stanch The Bleeding
VANCOUVER–The world’s biggest mining company has joined the lengthy list of majors to close operations and trim payrolls in the face of sagging metal prices. BHP Billiton( BHP-N, BLT-L, BHP-A) is sus…
Merger Cash To Help Potash One Advance Legacy
As many juniors deliberate over doing financings amidst the market turmoil, Potash One (KCL-T, KCLOF-O) president and CEO Paul Matysek is getting ready to coast through the next year once his company …
OSC Ruling Could Stymie HudBay-Lundin Deal
With one ruling from the Ontario Securities Commission (OSC), the futures of both HudBay Minerals (HBM-T, HBMFF-O) and Lundin Mining (LUN-T, LMC-N) have been drastically altered.
Hana Mining Hits Copper-Silver In Botswana
VANCOUVER–New results from the Ghanzi copper-silver project in Botswana show promising grades for owner Hana Mining (HMG-V).
Bought Deal Brings $51.8M To Anatolia
Anatolia Minerals Development (ANO-T, ALIAF-O) will raise $51.8 million in a financing led by RBC Capital Markets to help fund its Copler gold project in Turkey.
Western Lithium Hopes To Ride The ‘Tidal Wave’
Toyota’s announcement at the North American International Auto Show in Detroit earlier this month that its new plug-in hybrid will be powered by lithium ion batteries was hailed as a triumph for compa…
Red Back Raises $150M For African Gold Operations
VANCOUVER– Red Back Mining (RBI-T, RBIFF-O) is riding the gold tide and raising money again. It was only two months ago that the gold producer had to boost a $40- million financing to $60 million bec…