Joe Conway to lead combined Northgate and Primero
Only a year after Joe Conway took the helm at Primero Mining (P-T), the former Iamgold (IMG-T, IAG-N) president and CEO is set for another big change.
Gold
Rainy River rains gold
A spectacular intersect of 1,335 grams gold per tonne and 76.7 grams silver in 2 metres, just 42 metres below the surface, sent shares of Rainy River Resources (RR-V) up 29¢, or 3%, to $10.05 per share.
Silvercorp rebounds on resource updates, share buyback
Bruised by the fallout of the Sino-Forest (TRE-T) debacle, Silvercorp Metals (SVM-T) has regained lost ground after several resource updates, and a proposed share buyback.
Mega Precious Metals working to prove Red Lake theories
Mega Precious Metals (MGP-V) has released another round of gold hits from its North Madsen project, as it works to establish an open-pittable resource near Red Lake, Ont.
Galway hits “best gold intersect yet” at California
Vancouver – Galway Resources (GWY-V) has hit what it describes as the best gold intersect to date at its California project in Colombia.
AngloGold move lifts First Uranium
AngloGold Ashanti (AU-N) clearly likes the discounted price on uranium plays and its confidence in one producer is reverberating through the market. The gold producing senior miner is taking a significant position in Toronto-based First Uranium…
Positive economics for Brazilian Gold’s Sao Jorge
Glass Earth sees clear potential in New Zealand
Vancouver – New Zealand is hardly a major destination for gold exploration, but the low-profile presents possible opportunities for smaller and determined players.
South African dealmaker finds US$100 million for struggling Axmin
Turning around a penniless junior mineral explorer looking to develop a gold project in the Central African Republic, of all places, is not a job most people would relish. Taking the job without a salary in order to save the company money -…
Cedar Mountain drills untested Alaskan gold anomalies
Vancouver – While many of its peers are exploring 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…
Not a sunny day for Lake Shore
Lake Shore Gold’s (LSG-T) shares plunged to a new low, a day after the company reported lower-than-expected gold grades for the second quarter, along with a year-long mill expansion delay and a reduced full-year production target.
Barrick buys 9% stake in Carpathian for $20 million
Carpathian Gold (CPN-T) has received a big credibility boost from Barrick Gold (ABX-T, ABX-N) after the major gold miner agreed to purchase $20-million worth of the junior’s shares for an approximate 9% interest.