Bear Creek to raise $113M for Santa Ana
On the back of a positive feasibility study for its proposed 63-millionoz. Santa Ana silver mine project in Peru, Bear Creek Mining (BCM-V) is raising $113 million in a bought deal financing.
News
Peregrine’s exceptional diamond find at Chidliak
One of the new kimberlites Peregrine Diamonds (PGD-T) discovered this summer at the Chidliak project in Canada’s Nunavut territory has coughed up a gem-quality 1.15-carat diamond from initial sampling…
Glencore to buy US$30m in PolyMet stock
Vancouver – PolyMet Mining (POM-T, PLM-X) has agreed to sell US$30 million worth of shares to Glencore International as it works towards securing final permitting of its NorthMet open pit project in northeastern Minnesota.
Avala pulls shallow gold in Serbia
Vancouver – Recently restructured Avala Resources (AVZ-T) has released a significant shallow gold hit from its Korkan-Bigar target in eastern Serbia as it works to advance several prospects in the area.
OSC levels new allegations against Agoracom’s Kondakos
In an amended statement of allegations, the Ontario Securities Commission has added new allegations to its list of charges against Agoracom Investor Relations Corp. and its two founders, Apostolis (Paul) Kondakos and George Tsiolis.
The Strait goods on Peruvian grassroots copper exploration
Peru’s Apurimac Belt already boasts eight significant mines and advanced-development projects, but Strait Gold (SRD-V) is offering investors a chance to get in on a grassroots project in the area.
Endeavour arranges $50 million financing and ups bid for Cream
Endeavour Silver (edr-t, exk-a) is topping up its treasury with a bought deal financing worth $50 million. Led by CIBC, a group of underwriters agreed to purchase 8.2 million shares priced at $6.15 apiece, with an overallotment option for up to…
Alturas looks to Peru for revival of its fortunes
When Miguel Cardozo, Paul Pearson and Augusto Baerti got together to form Alturas Minerals (ALT-V) their collective vision was to enhance Peru’s mining reputation with some big finds.
Allied Gold plans growth in Papua New Guinea
Vancouver – Allied Gold (ALG-T, ALD-A) has big plans for its Simberi gold mine in Papua New Guinea: the company has embarked on an expansion of the mine’s oxide processing unit and now a prefeasibility study has shown that the mine could…
Granada gets interesting for Gold Bullion (November 10, 2010)
Vancouver – Gold Bullion Development (GBB-V) is hitting the best grades to date at its Granada gold project in Quebec as it explores the Eastern Extension of its Long Bars zone.
Agnico-Eagle invests $1 million in Western Troy
Western Troy Capital Resources (wry-v) is looking to raise $3.5 million on the back of a new copper-gold discovery at Deborah Lake, near Schefferville in northeastern Quebec. The junior announced a series of brokered and non-brokered private…
Alaskan rock sample returns 50.80 grams gold for Rhyolite
Rock and soil samples from highly altered metasediments at the Paxson project in eastern Alaska have yielded s…