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Gold Mining Company, Alamos Gold’s Reported Gold Mine Exploration Increase 21 Percent From Sonora Mine, Mexico
In March of this year, Alamos Gold announced an increase of 21 percent in proven and probable reserves at its 100% owned Mulatos gold mine in Sonora Mexico. Coincident with the reserve increase was a decrease in measured and indicated resources of 14 percent (as those moved up into the reserve category), but an increase [...]
Mines Exploration Contract : Ecuador Moratorium on Mining and Cancellation of Concessions
All mining activity has been put on hold while stakeholders determine how they are affected. Markets reacted swiftly to the news with share prices of foreign companies operating in Ecuador dropping dramatically.
Ecuador’s constituent assembly has released a mandate in which over 3,000 mining concessions are either cancelled or suspended without compensation or legal recourse for [...]
Canadian gold and energy royalty company offering aiming to raise more than $1-billion
Franco-Nevada, the Canadian gold and energy royalty company sold to Newmont Mining Corp. in 2002, is set to rise again with an initial public offering aiming to raise more than $1-billion – by far the largest debut on the Toronto Stock Exchange this year.
Hoping to attract the millions of mining investment dollars that have come [...]
Canada Energy Stocks May Fall a 2nd Day on Oil Royalty Proposal
Canadian energy stocks may fall for a second day on concern that a proposal to raise royalties on oil and gas producers may hurt energy companies’ growth and profits.
EnCana Corp., which is spending billions of dollars to develop two oil-sands projects in Alberta, may pace declines. Raw-materials producers may gain, led by Barrick Gold Corp., [...]
Exeter Engages Chief Operating Officer and Appoints Two Directors
Exeter Resource Corporation (”Exeter” or the “Company”) is pleased to announce three important appointments:
- Mr. Paul Cholakos has been appointed as Exeter’s Chief Operating Officer, initially based in Argentina;
- Mr. Robert Reynolds has been appointed as an independent director of the Company; and
- Mr. Patrick Esnouf has accepted a position as a director of the [...]
Arianne and Azimut Sign a Letter of Intent for The North Havre Uranium Property, North Shore Region, Quebec and Starts a Helicopter Geophysical Survey
The Company is pleased to announce the start of a helicopter geophysical survey on its Natashquan and North Havre uranium properties on Quebec’s North Shore region as well as the signing of a letter of intent with Azimut Exploration (”Azimut”) for the North Havre property.
Natashquan project: The original claims were chosen in 2006 following a [...]
Global Gold Holds Annual Meeting
Global Gold Corporation (OTCBB: GBGD), an international gold mining, development and exploration company with mining properties in Armenia, Chile and Canada, held its annual shareholders meeting as noticed last Friday. With almost 80% of all outstanding shares represented in the voting process, shareholders re-elected the current Board of Directors by an over 99% favorable vote. [...]
Globex’s Updates Financial Prospects for Next 12 Months
GLOBEX MINING ENTERPRISES INC. At the request of several shareholders, Globex is providing a financial projection of expected near term revenue streams.
First of all, business is going extremely well, with the cash and shares held by Globex providing Globex with sufficient capital to advance our projects and grow. As to development and exploration expenditures [...]
Six Projects Totaling 25,000 Meters of Drilling Slated for 2007
Solitario Resources Corporation announces that drilling has commenced on three of its exploration properties as part of the most aggressive drilling campaign in its corporate history. A total of 25,000 meters of drilling is currently anticipated on six separate projects located in Mexico, Brazil, Peru and Bolivia. Over 80% of this drilling will be 100% [...]
