Tahoe Resources (tho-t) has taken advantage of buoyant precious metal prices to raise $352 million in a bought-deal financing with a syndicate of underwriters led by GMP Securities.The private placement financing is just shy of 25 million…
Land issues in Tanzania have become a more common theme as of late.
After 12 years of profitable operation, Northgate Minerals’ (NGX-T, NXG-X) Kemess South gold-copper mine in north-central British Columbia is shutting down. The large-scale open-pit mine will cease operating in February after ore reserves have…
Marc Johnson, a mining analyst at M Partners in Toronto, initiated coverage of Spanish Mountain Gold (SPA-V) in the middle of December, less than a month after the junior released a preliminary economic assessment of its Spanish Mountain gold…
Golden Dawn Minerals (GOM-V) wants to breath mining life back into Greenwood B.C. for the third time. The small town of some 600 souls in south central B.C. saw its fortunes swell at the turn of the last century and again in the 1950s, both…
With more than $21 million in cash, Kaminak Gold (KAM-V) has all the money it needs for an aggressive exploration program this year at its Coffee gold project in the White Gold district of the Yukon.
The final assays results from the remaining 28 holes completed during the 2010 drilling program on Paramount Gold and Silver’s (PZG-T, PZG-X) San Miguel project continue to confirm the potential for near-surface, bulk-tonnage mineralization at…
On the back of its flagship 5-million-oz. Rainy River project in northwestern Ontario, Rainy River Resources (RR-V) has closed a $75-million bought deal financing just as gold is starting to lose a little of its lustre. The private placement,…
If you ask Marc Blythe, president and chief executive of Tarsis Resources (TCC-V), there aren’t many companies like his that are looking for new projects in the Yukon.
Investors snapped to attention when drilling at the Tiger Zone in the middle of Atac Resources’ (ATC-V) Rau gold property in the Yukon started yielding intercepts of 38.8 metres of 17.1 grams gold per tonne from 33 metres depth,…
More significant results from the drill at the Ogden gold project in Timmins, Ont., had Metals Creek Resources (mek-v) climbing higher. The results came out of the company’s ongoing 2,500-metre drill program and included a highlight intercept…
Loncor Resources (ln-v) is $6.8 million richer after Newmont Mining (nmc-t, nem-n) exercised some 2 million in-the-money warrants worth $2.9 million and took down a non-brokered $3.9-million private placement.Newmont Mining boosted its…
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