Positive PEA pumps Prodigy (April 11, 2011)
Junior explorer Prodigy Gold (PDG-V) got a warm reception on the market after releasing a positive preliminary economic assessment (PEA) for its Magino gold project in northern Ontario.
Canada
San Gold to nearly double production in 2011
San Gold (SGR-T, SGRCF-O) produced 43,498 oz. of gold last year and plans to nearly double that amount this year to 80,000 oz.
New Gold to buy Richfield for $550M
Richfield Ventures (RVC-V) has capped an impressive rise by agreeing to be snapped up by New Gold (NGT-T, NGD-X) in an all-share deal that values the junior at $550 million.
People (April 11, 2011)
African Aura Mining – Steven Poulton resigned as a director.
Golden Predator hits higher grades at Brewery Creek
Vancouver – Golden Predator’s (GPD-T) winter drill program has continued to expand the Bohemian zone at the Brewery Creek gold project in the Yukon.
Century suffers another setback as Peru mill suspended over tailings
Vancouver – Peru’s Ministry of Mines has told Century Mining (CMM-V) to suspend milling and processing operations at its San Juan gold mine while the ministry completes an evaluation of the mine’s tailings dams. The company provided no timeline…
Western Copper releases updated Casino study
Vancouver – Western Copper (WRN-T, WRN-X) has released an updated prefeasibility study for its sizable but remote polymetallic Casino project in the Yukon, three years and a commodity-price rollercoaster after the first.
Alderon releases initial Kami resource
Vancouver – A first resource for Alderon Resource’s (ADV-V) Kamistiatusset (Kami) iron ore project in western Labrador has established a global resource of 608 million indicated and inferred tonnes.
Premier Gold updates Hardrock resource
After two years of aggressive exploration, measured and indicated resources have jumped by 269% to 2.5 million ounces at Premier Gold Mines’ (PG-T) 70%-owned Hardrock project near Geraldton in northwestern Ontario. Inferred resources have grown…
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.
Venture dips slightly in March 28 – April 1 period
Vancouver – The relatively subdued March 28 to April 1 period had the S&P TSX Venture drop 15.63 points after two days of losses outweighed three days of gains to have the board end at 2,298.40 points. Volume averaged out to a recent low of…
Minmetals Resources to bid for Equinox Minerals
Shares of Equinox Minerals (EQN-T, EQN-A) surged 31.5% or $1.80 per share to $7.51 today on news that Minmetals Resources wants to buy the company for $6.3 billion — the largest proposed minerals takeover bid in China’s history.