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Western Standard Acquires Freegold’s Almaden Gold Project
Western Standard Metals Ltd. and Freegold Ventures Limited are pleased to announce that further to the news release dated September 8, 2009, Western Standard has completed the acquisition of a 100% interest in Freegold’s Almaden gold project located in Idaho. In consideration, Western Standard has issued:
Gold Fields Terminates Royalty Over St Ives
Gold Fields Limited is pleased to announce that an Agreement has been executed in terms of which the royalty payable by Gold Fields’ wholly owned Australian subsidiary, St Ives Gold Mining Company Pty Ltd (St Ives) to Morgan Stanley Bank’s subsidiaries, (Royalty) has been terminated for a consideration of A$308 million.
Gold Fields Terminates Royalty Over St Ives
Gold Fields Limited is pleased to announce that an Agreement has been executed in terms of which the royalty payable by Gold Fields’ wholly owned Australian subsidiary, St Ives Gold Mining Company Pty Ltd (St Ives) to Morgan Stanley Bank’s subsidiaries, (Royalty) has been terminated for a consideration of A$308 million.
Exploration Gold Mining Company, Eldorado Now Has 100 percent Vila Nova Iron Ore Project, in Brazil
Eldorado has finalized and executed an agreement with Amapari, which results in the acquisition by Unamgen Mineracao – a wholly owned subsidiary of Eldorado in Brazil – of Amapari’s 25% remaining interest in the project in exchange for a Net Profits Interest royalty of 10% plus a sliding scale royalty based on the operating margin [...]
Atlanta Gold Inc. Extended Mining To Purchase Mining at Atlanta Gold Project in Idaho
Atlanta Gold Inc. has renewed its lease and option to purchase a strategically significant 658.9 acre property located at its Atlanta Gold project in Idaho, U.S.A. for a further two years.
Kirk Land Gold Mining Exploration Review Mine Production and Future
Kirkland Lake Gold is an interesting story. In 2001, Quest Capital, a boutique mining finance company in Vancouver headed by Murray Sinclair and Bryan Bailey, had taken a hit on Brimstone Gold, which had unsuccessfully explored the historic Mayflower mine in Montana under the leadership of David Rovig.
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 [...]
Canadian Mining Company, Teck Cominco Plans Asset Sale
Canadian miner Teck Cominco is planning a series of measures including more than $2 billion in asset sales, a debt restructuring and a potential equity issue, the Globe and Mail said, citing sources familiar with the plan.
North Queensland Metals Into an Option Agreement To Buy Dotswood Gold Mine Project
North Queensland Metals Limited has entered into an option agreement to purchase the Dotswood Gold Project, located 60km southwest of Townsville.
