New 52-week high for New Gold
New Gold (NGT-T, NGD-X) touched a new 52-week high, a day after posting strong drill results from its Blackwater gold project in central British Columbia.
Gold
Higher earnings despite lower production for Quadra FNX
It was a busy quarter for Quadra FNX Mining (QUX-T), but one that paid large profits to the recently merged company despite lower production totals. Quadra, which teamed with FNX in May of last year, reported a 75% increase in earnings, as…
Orezone expands Bombore project area
When the shares of most companies were tanking yesterday in what turned out to be the worst day on the markets since December 2008, shares of Orezone Gold (ORE-T) edged 4.32% higher or 13¢ to close at $3.14 on news it had received…
Glencore ups ante on PolyMet
Glencore International (GLEN-L) is betting that PolyMet Mining’s (POM-T, PLM-X) NorthMet polymetallic project in Minnesota has the stuff that profitable mines are made of.
Agnico-Eagle invests $70M in Rubicon
Agnico-Eagle Mines (AEM-T, AEM-N) is making a $70-million strategic investment in Rubicon Minerals (RMX-T, RBY-X) to secure 9.2% of the company’s outstanding shares.
Brigus ramps up Black Fox
Brigus Gold (BRD-T) says gold production will increase, as it ramps up the Black Fox mine and its exploration efforts in Timmins, Ont.
Augen Gold’s Mason won’t go down without a fight
Augen Gold’s (GLD-V) board has unanimously recommended shareholders reject an all-share offer from neighbour Trelawney Mining and Exploration (TRR-V) valuing the company at $55 million.
South African dealmaker Roach finds US$100M for struggling Axmin
Turning around a penniless junior mineral explorer looking to develop a gold project in the Central African Republic is not a job most people would relish. Taking the job without a salary to save the company money – well, that seems less…
Gran Colombia to raise US$75M through silver-linked notes
Gran Colombia Gold (GCM-T) is looking to issue US$75 million of what executive co-chairman Serafino Iacono calls “a creative and innovative financial instrument.”
Cedar Mountain drills untested Alaskan gold anomalies
While other companies explore emerging Yukon gold belts – such as the White Gold district and the Selwyn Basin – in their hunt for the next big Arctic gold deposit, Cedar Mountain Exploration (CED-V) has its sights set on an even loftier…
Kimber advancing Monterde gold-silver project
Vancouver – After more than a decade of working on the Monterde gold-silver project in Mexico, Kimber Resources (KBR-T) is starting to build momentum.
Construction nearly complete at Yamana’s Mercedes mine
Construction at Yamana Gold’s (YRI-T, AUY-N) Mercedes underground gold-silver mine in northern Mexico is two quarters ahead of schedule, the company reports, with the first gold pour now scheduled before year-end.