Crocodile uses debt to fund growth in Oz
Australia-focused Crocodile Gold (CRK-T) is looking to fund development through debt. The company is issuing $30 million in convertible debt that would pay interest at a 5% rate.
Gold
Rubicon cheers Ontario decision
Rubicon Minerals (RMX-T, RBY-X) is applauding the Ontario Court of Appeal’s move to reverse a lower court’s 2011 decision in the Keewatin case that said the provincial government could not approve resource development in the…
Hope Bay springs eternal for TMAC
VANCOUVER — In a few short months, privately held TMAC Resources has acquired a large gold project in northernmost Canada, signed a memorandum of understanding (MOU) with the Inuit association that owns the project lands, added $35…
Argonaut’s commitment to cost control drives success
VANCOUVER — As many gold producers are plagued by rising operating costs and shrinking profit margins, Reno-based producer Argonaut Gold (AR-T) has proven to be an exception to the norm. Though the company boosted year-on-year gold…
Aurizon gets Casa Berardi back up and running
Operations at Aurizon Mines’ (ARZ-T, AZK-N) flagship Casa Berardi mine in Quebec are back to normal.
Nevsun Resources and its heaps of cash
Last year marked the second year of production at Nevsun Resources (NSU-T, NSU-N) 60%-owned Bisha mine in Eritrea and already its balance sheet is the envy of many companies in the industry.
Positive initial economics for Gold Canyon’s Springpole
VANCOUVER – For US$438 million Gold Canyon Resources (GCU-V) could transform its Springpole project in northern Ontario into a profitable gold-silver mine, according to a new preliminary economic assessment (PEA).
One man’s talc is another man’s treasure
With large companies shedding assets to trim costs and juniors struggling to pay the bills—not to mention raise money—it’s probably safe to say that listing a new exploration company these days is not for the faint of…
Production keeps climbing for Fortuna
VANCOUVER – Record silver and gold production that beat its own guidance enabled Fortuna Silver Mines (FVI-T) to achieve record revenues in 2012, a feat that leaves the company well positioned to complete a planned expansion at its…
Aureus looks to put Liberia on the production map
Liberia is getting close to getting its first modern commercial gold mine.
Delving deeper into Colombia’s mining issues
Colombia is one of the world’s most enigmatic mining jurisdictions. There is no denying that the country’s lost “cocaine” years have left behind lots of unrivalled, prospective ground that is ripe for modern exploration….
TrueGold makes a good first impression
Riverstone Resources’ name change seems to be doing the trick.