Richmont goes deep at Island Gold mine
At a time when many companies are putting exploration plans on hold to weather the downturn in metals markets, Richmont Mines (TSX: RIC; NYSE-MKT: RIC) is doing exactly the opposite.
Gold
Wesdome ‘proud’ of its Ontario gold mines
For a company that hasn’t had to raise equity since 2006 and whose last financing was a $7-million convertible debenture in 2012, which isn’t due until 2017, Wesdome Gold Mines (TSX: WDO; US-OTC: WDOFF) has performed fairly well…
Goldstrike strikes again at Plateau South in Yukon
VANCOUVER — Goldstrike Resources (TSXV: GSR) is gaining traction over a new gold district at its Plateau South project, 300 km east of Dawson City, Yukon, as recent drilling has expanded its high-grade gold targets.
Premier’s Downie bullish on Hasaga in Red Lake
VANCOUVER — Premier Gold Mines (TSX: PG; US-OTC: PIRGF) is taking a new approach to exploration at its past-producing Hasaga gold property in the prolific Red Lake mining district of northwestern Ontario, and Ewan Downie, president and…
Sabina gets ‘more realistic’ at Back River in Nunavut
VANCOUVER — Sabina Gold & Silver (TSX: SBB; US-OTC: SGSVF) is working hard to outline a development scenario at its Back River gold project in Nunavut that is viable in light of challenging capital markets. On Sept. 13 the company…
Kirkland Lake benefits from high grades at SMC
VANCOUVER — Kirkland Lake Gold’s (TSX: KGI; LSE: KGI; US-OTC: KGILF) quarterly results reveal that it has two advantages at its Macassa gold complex in northeastern Ontario: higher grades at its South Mine Complex (SMC), and a…
Detour Gold surmounting weak gold prices, CEO says
VANCOUVER — Detour Gold (TSX: DGC; US-OTC: DRGDF) is picking up momentum at its Detour Lake gold mine, 300 km northeast of Timmins, as the company anticipates first-ever positive cash flows since the operation reached commercial…
Treasury Metals upgrades Goliath resource
Ahead of a feasibility study due before year-end, Treasury Metals (TSX: TML; US-OTC: TSRMF) has increased by 44% the measured and indicated resources of its Goliath gold project near Dryden in northern Ontario.
Wenco wins work at Siberian gold mine
Polyus Gold (LSE: POLG) has tapped Wenco International Mining Systems to provide high-precision guidance for shovels and drills at its Blagodatnoye gold mine in eastern Siberia. The technology will be installed by the end of 2015.
Woodjam property reverts to Cons. Woodjam Copper
VANCOUVER — It’s been a journey of discovery and growth for partners Consolidated Woodjam Copper (TSXV: WCC) and Gold Fields (NYSE: GFI) at their Woodjam copper-gold-molybdenum porphyry deposit, 45 km east of Williams Lake, B.C.,…
First Mining pursues Gold Canyon, PC Gold to grow its gold base
First Mining Finance (TSXV: FF; US-OTC: FFMGF) is buying Gold Canyon Resources (TSXV: GCU) and PC Gold (TSX: PKL) in all-share deals totalling $64 million to create a leading gold exploration company.
AuRico CEO: ‘We’re well situated for challenging markets’
VANCOUVER — Newly minted AuRico Metals (TSX: AMI; US-OTC: ARCTF) is poised to hit the ground running with a strong capital position and a portfolio of royalty assets that already make it cash flow positive.