New Gold to take Richfield in all-share deal worth $550 million
Vancouver – Richfield Ventures (RVC-V) has capped an impressive rise by being snapped up by New Gold (NGD-T, NGD-X) in an all-share deal that values the junior at $550 million.
Gold
Auriga’s fresh take on an old mine
Auriga Gold (AIA-V) is putting its faith in Manitoba’s Flin Flon greenstone belt, as the company fast-tracks its Maverick gold project into production.
Mediterranean shareholders force management shake-up
Dissident shareholders of Turkey-focused gold explorer Mediterranean Resources (MNR-T) appear to have forced the resignation of the company’s president and CEO, Peter Guest, aged 73. Newly appointed director Christopher Ecclestone of New York…
Sandspring’s high hopes for Toroparu in Guyana
Sandspring Resources (SSP-V) envisions annual production from its Toroparu project in Guyana of 310,000 oz. gold and 29 million lbs. copper in the first four years of operations, provided it can first raise the US$617 million needed for mine…
Junior explorers still flocking to the Yukon (April 04, 2011)
2010 was a big year for the Yukon as exploration companies flooded into the territory in a flurry of staking and deal making, and 2011 is looking no different.
Tirex roars to life on Albanian mining deal (April 04, 2011)
Tirex Resources (TXX-V) has taken a big step towards production at its Mirdita volcanogenic massive sulphide project in Albania after signing a memorandum of understanding with a private Turkish firm to finance development in exchange for a…
Argentex posts Pinguino PEA
Until late 2009, Argentex Mining (ATX-V, AGXM-O) focused on drilling the polymetallic sulphide mineralization at its Pinguino project in Argentina. But then the company decided to shift gears and focus instead on the property’s near-surface…
Buddy Doyle takes on Brazil with Amarillo Gold
Seven years in the malaria-infested rainforests of Papua New Guinea and six years in the frigid Tundra led Buddy Doyle and his exploration teams at Rio Tinto (RTP-N, RIO-L) to the two biggest discoveries of his career: the 30 million ounce…
Torex looks to Mexican government for help securing Morelos
Vancouver – After an armed robbery on March 20 at its Morelos gold project in Mexico, Torex Gold Resources (TXG-T) is turning to the local government and police to help secure the area and enable the company to continue exploration. In the…
Sona finding its gear in southern B.C.
A mistake at the lab turned out to be good news for Sona Resources (SYS-V).
Premier Gold emerges in Nevada (March 30, 2011)
When investors think of gold plays in Nevada they typically don’t think of Premier Gold Mines (PG-T), a company best known for its gold projects in Ontario.
Australian rich-list member invests heavily in New Mexico copper deal
Vancouver – Having spent the last two decades making a A$338-million fortune providing accommodation to mining companies, Australia’s Kevin Maloney has now decided to try his hand at the real thing. In March, he invested $10.2 million in…