BMO Capital Markets will buy 4.15 million common shares of Lundin Gold (TSX: LUG) at $12.05 per share in a bought deal financing that will raise $50 million for the Vancouver-based gold miner. The deal includes an overallotment option for up to 15% of the offering.Newcrest Mining (ASX: NCM), which owns 32% of the company, and Orion Mine Finance, which has an 11% stake, have exercised their rights...Read More
A judge in the Brazilian state of Minas Gerais has partially granted an injunction sought by prosecutors by ordering Vale (NYSE: VALE) to set aside 7.9 billion reais (US$1.5 billion) to pay potential fines related to the tailings dam collapse that killed 270 people last year.The figure adds to the 1 billion reais (US$260 million at the time) in frozen funds a federal court ordered Vale to pay affe...Read More
Palladium One (TSXV: PDM; US-OTC: NKORF) has traced a new drill target within its wholly owned Lantinen Koillismaa (LK) project in Finland, 190 km northeast of Oulu.The latest target is within the Haukiaho East induced polarization (IP) survey grid, which covers 1.6 km within the 17-km long prospective Haukiaho trend. According to the company, the anomaly covers the entirety of the geophysical gri...Read More
A global copper surplus currently in the making is expected to get worse in the next 18 months as market disruptions have created greater uncertainty in the factors affecting supply and demand for the metal, a market's insider report shows.According to the International Wrought Copper Council (IWCC), which represents copper and copper alloy producers, supply is expected to surpass demand by 285,00...Read More
Talon Metals (TSX: TLO; US-OTC: TLOFF ) has raised $4 million in a non-brokered private placement of more than 40 million common shares at a price of 10 ? a share.The funds will be used to advance its Tamarack nickel-copper-cobalt project in north-central Minnesota, about 89 km west of Duluth and 210 km north of Minneapolis.Resource Capital Funds participated in the offering, purchasing 21.13 mill...Read More
Drilling at Silver One Resources' (TSXV: SVE; US-OTC: SLVRF) Candelaria project in Nevada has expanded higher-grade mineralization between the past-producing Mount Diablo and Northern Belle pits at depth and confirmed near-surface lower-grade mineralization around the two pits.The company has recently drilled nine holes at the project. Highlights include 8 metres of 237 grams silver per tonne; 19...Read More
A preliminary economic assessment (PEA) of the Samapleu nickel-copper project in Cote d'Ivoire estimates production of 14,100 tonnes copper concentrate per year over a 20-year mine life from three open pits, Sama Resources (TSXV: SME; US-OTC: SAMMF) says.The early-stage study envisions a plant that would process 2.4 million tonnes per year of run-of-mine mineralized material to produce 39,000 tonn...Read More
My friends are now asking me about gold stocks. "I saw a video of you talking about Franco Nevada (NYSE: FNV) from February," the text read this week. "Do you still feel that way?"All Franco has done is double from its March lows. And I believe it - and gold prices - are going higher for many reasons that existed before the virus. Reasons that have now been both compounded and exacerbated. I've...Read More
Gold Springs Resource Corp's Geologists, Randy Moore and Henry Black, discusses the new Juniper Target at the Gold Springs ...Read More
Zambia is moving to amend gold-mining rules so that they treat the metal as strategic.Read full newsRead More
Singapore's National Environment Agency (NEA) has signed a US$1.5bn contract for the delivery of the Tuas Nexus Integrated Waste Management Facility (IWMF), which includes a 400 tonnes per day (tpd) anaerobic digester.Read full newsRead More
Otso Gold Corp. is pleased to announce the appointment of CoffeyRead full newsRead More
NV Gold Corporation is pleased to announce that it has closed itsRead full newsRead More
Noble Mineral Exploration Inc. announces closing of a non-brokereRead full newsRead More
Great Bear Resources Ltd. is pleased to announce that it has enteRead full newsRead More
Talisker Resources Ltd. is pleased to announce that drilling hasRead full newsRead More
Montr?(C)al, Qu?(C)bec - May 26 , 2020 - Siyata Mobile Inc. (TSX-V:SIM / OTCQX:SYATF/ FRA: WK3D) will be releasing 2019 year end results on Wednesday, June 3rd, 2020 and will be hosting an investor conference call on Thursday, June 4th, 2020 at 9:00 AM EDT (6:00 AM PDT) to discuss these results, followed by a Q&A for investors.The call will be hosted by CEO Marc Seelenfreund and VP Sales Glenn Ken...Read More
VANCOUVER, BC / ACCESSWIRE / May 26, 2020 / LEAF Mobile Inc. (TSX.V:LEAF), a leading creator and publisher of counter culture mobile games, had record setting results for the month ending April 2020, including total game gross revenue, installs and daily active users (DAU) across its portfolio of counter culture mobile games.LEAF Mobile April 2020 HighlightsRecord monthly revenue for total Bud Fa...Read More
Each May, we Americans give tribute to those in the military who have paid the ultimate price serving their country. This Memorial Day is all the more poignant as we also remember family, friends and colleagues who have fallen to the coronavirus, a deadly, invisible enemy.The pandemic has slammed the U.S. economy, triggering bankruptcies and putting millions out of work. Goldman Sachs warned earli...Read More