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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 [...]
Teck Cominco Interest Andacollo Gold Mine Production Agree To Pay $300 Million Royalti Transaction
Teck Cominco Limited announced today that Compania Minera Carmen de Andacollo has agreed with Royal Gold Inc. to sell an interest in the gold production from the Andacollo mine for US$300 million.
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., [...]
Global Gold Uranium Commences Airborne Survey on Cochrane Pond
Global Gold Corporation (OTCBB: GBGD) is pleased to announce that its wholly owned subsidiary, Global Gold Uranium, LLC, has commenced an airborne radiometric and magnetic survey over the Cochrane Pond uranium property located in southern Newfoundland. The survey is expected to take approximately four weeks to complete and will be followed by a prospecting program.
Global [...]
Newmont Mining eliminates gold hedges
Newmont Mining Corp., one of the world’s largest gold producers, said Thursday it eliminated all of its forward-sales gold contracts and is working to discontinue its merchant banking division.
The company said it will record a $531 million pre-tax loss as a result of the eliminated hedge position and a $1.7 billion non-cash charge in the [...]
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 [...]
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. [...]
