Perseus Mining (TSX: PRU; ASX: PRU) is acquiring Exore Resources (ASX: ERX) in an all-share deal worth A$58.9 million (US$41million). Exore Resources’ flagship Bagoe project is within 50 km of Perseus Mining’s Sissingue gold mine in northern Cote d’Ivo…
Perseus Mining to acquire Exore Resources Read More »
YUKON – Victoria Gold has provided an operational and financial update; the company’s Eagle gold mine has produced 25,068 oz. of gold from the start of this year until the end of May and is expected to achieve commercial production…
The post GOLD…
GOLD: Victoria continues to ramp up Eagle Read More »
Marathon Gold (TSX: MOZ; US-OTC: MGDPF) has completed a bought deal financing raising $34.5 million that will be spent on permitting, development and exploration at its wholly owned Valentine gold project in Newfoundland. The company issued 23 million …
Marathon Gold a ‘takeover target’ says National Bank Financial Read More »
TURKEY – Centerra Gold has announced that its Oksut gold mine in south-central Turkey achieved commercial production as of May 31. The heap leach operation poured first gold at the end of January and has been ramping up mining, crushing,…
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GOLD: Centerra’s Oksut in Turkey reaches commercial production Read More »
TORONTO – Troilus Gold has announced an upsized bought deal of $22 million (up from $15 million originally) as equity raises in the mining space continue. The company entered into an agreement where Cormark Securities, Laurentian Bank Securities and St…
GOLD: Troilus raises $22M in upsized offering Read More »
Canada’s prolific geological terrain and adherence to the rule of law position the country as a go-to destination for companies looking to establish and operate mineral projects. A fall in the value of the Canadian dollar over the past few…
The p…
Exploration Snapshot: Eight gold companies mining in Canada Read More »
TIMMINS – The spring drilling program at Gowest Gold’s 109-sq.-km North Timmins gold project has intersected extensions of the Bradshaw gold deposit. Drill highlights include 2.2 metres of 12.24 g/t gold and 2.5 metres of 1.89 g/t gold; both of…
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GOLD: Gowest expands Bradshaw footprint Read More »
Wesdome Gold Mines (TSX: WDO) has released a preliminary economic assessment (PEA) for its wholly owned Kiena mine complex, 15 km northwest of Val-d’Or and 100 km east of Rouyn-Noranda in Quebec. The PEA estimates a mine life of eight years…
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Wesdome Gold plans low-cost mine at Kiena Read More »
QUEBEC – Canada’s Monarch Gold is selling its Fayolle property in western Quebec to fellow miner Iamgold in a cash and share deal valued at $11.5 million. The Montreal-based company said the transaction will see Iamgold issuing $9.7 million in sh…
GOLD: Iamgold buys Monarch’s Fayolle deposit for $11.5M Read More »
BRITISH COLUMBIA – Ascot Resources has announced a $25 million bought deal, led by Desjardins Capital Markets and Stifel GMP. The underwriters have agreed to purchase 29.4 million shares of the company at $0.85 per share for gross proceeds of…
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GOLD: Ascot raises $25M for Premier project Read More »
