Timmins Gold execs under fire from Sentry
VANCOUVER — Gold miner Timmins Gold (TSX: TMM; NYSE-MKT: TGD) is being targeted by dissident shareholder Sentry Investments in a proxy fight that aims to replace six of the firm’s eight board members.
Gold
Pilot hits oxide gold at Kinsley, pursues Cadillac
VANCOUVER — With just a few holes Pilot Gold (TSX: PLG; US-OTC: PLGTF) has defined another gold zone at its Kinsley Mountain gold project in Nevada, just a kilometre away from the high-grade Western Flank zone it discovered less than a…
Another Turkish porphyry for Pilot and Teck
VANCOUVER — With its first hole into a new target, Pilot Gold (TSX: PLG; US-OTC: PLGTF) has found a copper–gold porphyry at its TV Tower project in Turkey, reinforcing the district-scale potential of the large land package.
Banro faces proxy battle
Just as it’s about to bring a second gold mine in the Democratic Republic of Congo (DRC) into commercial production, Banro (TSX: BAA; NYSE-MKT: BAA) is facing a proxy battle from a dissident shareholder that claims the company is…
Hummingbird Resources to acquire Gold Fields’ Yanfolila
Exploration and development company Hummingbird Resources (LSE-AIM: HUM) is banking on becoming a near-term producer with the all-share acquisition of Gold Fields’ (JSE: GFI) Yanfolila project in southwestern Mali, an advanced-stage…
TSX surges, June 2-6
The Toronto stock market had a strong run during the trading week, with the S&P/TSX Composite Index gaining 234.74 points to 14,838.90, as investors digested the positive U.S. employment data while shrugging off the lacklustre Canadian jobs…
Cove makes the grade for Premier
It may have made its name on its Hardrock gold project in Ontario but Premier Gold Mines (TSX: PG; US-OTC: PIRGF) is bolstering its project pipeline in Nevada.
Ressources Appalaches establishes Nova Scotia gold mine
Ressources Appalaches’ (TSXV: APP) president and CEO Alain Hupé is only too happy to follow a hunch.
GoldQuest’s PEA on Romero a ‘good start’
GoldQuest Mining (TSXV: GQC; US-OTC: GDQMF) has tabled a positive preliminary economic assessment (PEA) for its flagship project, consisting of the Romero and Romero South gold–copper deposits, two years after discovering the main deposit…
Temex hits shallow high-grade at Whitney
VANCOUVER — Drills at Temex Resources’ (TSXV: TME) Whitney gold project near Timmins, Ont., are finding high grades while the company upgrades the main deposit for a planned bulk sample and initial economic study.
Mandalay acquiring Elgin for $70M
VANCOUVER — Toronto-based gold miner Mandalay Resources (TSX: MND; US-OTC: MNDJF) had been on the lookout for an acquisition to boost its near-term production profile, and it has apparently found a fit in Elgin Mining (TSX: ELG,…
US stocks finish strong, May 27-30
U.S. equities ended the holiday-shortened trading week in positive territory.