Investing News Network

IDM Mining Announces $4.1 Million Non-Brokered Private Placement

By Ashley Cowell IDM Mining (TSXV:IDM, OTCQB:IDMMF) (“IDM” or the “Company”) announces a non-brokered private placement financing (the “Offering”) to sell flow-through shares (“Flow-Through Shares”) at a price of $0.07 per Flow-Through Share and non-flow-through units (“Common Units”) at a price of $0.06 per Common Unit, for aggregate gross proceeds of up to $4.1 million. […]

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Gold Has Been Slammed — for the Rest of 2018 it’s a Call on the Dollar

By Charlotte McLeod  The gold price is down year-to-date in 2018, and for Chris Mancini, an analyst at the Gabelli Gold Fund, what happens for the rest of the year depends on the dollar. “What we’ve seen over the past couple of months, when gold went from around $1,320 down to $1,160 at its

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Fortune Announces NICO Community Education Programs

By Hailey Wahlberg Fortune Minerals Limited (TSX:FT) (OTCQX:FTMDF) (“Fortune” or the “Company”) (www.fortuneminerals.com) announces two community sponsorship initiatives to support education in the Northwest Territories (“NWT”) as it advances its NICO Cobalt-Gold-Bismuth-Copper project toward construction. Fortune is pleased to be a co-sponsor, together with the NWT government, and other industry, community and education partners, in

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Asante Gold Now Soliciting Bids for JV or Buyout of Kubi Gold Project, Ghana

By Anwesha Sengupta Asante Gold Corporation (CSE:ASE Frankfurt:1A9) (“Asante” or the “Company”) announces that in addition to our previous disclosure re sourcing a 50:50 joint venture partner for the exploration and development of our Kubi Gold project in Ghana, that the Company will now consider cash bids for a 100% buy-out. Asante is continuously evaluating

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Colorado State University Reports Major Advances in Cadmium-Telluride Photovoltaics

By Ashley Cowell Deer Horn Capital (CSE:DHC) (the “Company” or “Deer Horn”), reports that, according to researchers at Colorado State University, generating electricity from cadmium-telluride photovoltaics (CdTe PV) has now become less expensive than electricity from fossil fuels in many utility-scale applications. “The levelized cost of energy (LCOE) from CdTe PV is ~$0.04/kWh,” says the

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Pacton Gold Enters Into Definitive Agreement to Acquire Mining Leases in Western Australia’s Pilbara Mining Region

By Anwesha Sengupta Pacton Gold (TSXV:PAC; US:PACXF) (the “Company” or “Pacton”) is pleased to announce that further to its news release of August 7, 2018, it has entered into a sale agreement (the “Agreement”) to acquire 100% of both the Yandicoogina and Boodalyerrie exploration licenses and mining leases from Gardner Mining Pty Ltd (“Gardner Mining”).

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Searchlight Resources Options 4 Claims in Saskatchewan from Diamond Projects

By Anwesha Sengupta 4 claims optioned covering 654 hectares adjoining Bootleg Lake claims Gold and VMS exploration targets on new claims Phantom Ledge Lake Gold target with past drill results including 0.655 oz/t (20.37 g/t) Au over 0.5 metres and 0.401 oz/t (12.47 g/t) Au over 0.5 metres Curve Lake VMS target with assays of

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Is it Time to Stop Investing in Major Gold Miners?

By Charlotte McLeod  With production growth falling and few new projects in the pipeline, what’s the investment appeal of major gold miners right now? Charles Cooper, head of mine economics at Metals Focus, addressed that issue at last week’s Denver Gold Forum, commenting, “the question I suppose you would want to ask is, ‘why

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White Gold Jumps Over 20 Percent on Drill Results

By Nicole Rashotte Shares of junior miner White Gold (TSXV:WGO, OTCMKTS:WHGOF, FWB:29W) surged 21 percent after the company uncovered multiple high-grade gold intercepts at its Vertigo target on the JP Ross property in the Yukon. On Tuesday (October 2), the company said it had intersected 23.44 grams per tonne gold over 24.38 meters from surface,

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