Gold – Richmont Mines Inc. (TSX:RIC,NYSEMKT:RIC) has achieved access to the upper portion of the Island Gold Deep resource with approximately 130 metres of development into the C Zone at a vertical depth of 560 metres. The claims are wholly owned by Richmont, and the company continues to delineate the resource through its 2014 definition drilling program while compiling results from 2013 exploration drilling.
Articles Tagged "Gold Company News"
Gold – Castle Mountain Mining Company Limited (TSXV:CMM) has received a positive Preliminary Economic Assessment for its 100% controlled Castle Mountain Mine in San Bernardino County, California. The study was completed by RPA Inc. with the collaboration David Penswick, P. Eng., and the Castle Mountain technical team.
Gold – Scorpio Gold Corporation (TSXV:SGN) reported that production in Q1 of 2014 at Mineral Ridge in Nevada totalled 10,294 ounces of gold and 5,113 ounces of silver. Compared to Q1 of 2013, Scorpio Gold’s production of gold increased by 38.90%, and silver by 86.60%.
Gold – Klondex Mines Ltd. (TSX:KDX,OTCQX:KLNDF) subsidiary, Klondex Midas Operations, announced a toll milling agreement beginning April 17, 2014, with French Gulch Nevada Mining Corp. for the processing of gravity concentrates produced from the Washington Mine at Klondex's Midas mill.
Gold – Bralorne Gold Mines Ltd. (TSXV:BPM, OTCQX: BPMSF) has announced its production results from February 2014 from its Bralorne gold project located near Gold Bridge, British Columbia.
Gold – Richmont Mines Inc. (TSX:RIC,NYSEMKT:RIC) has closed its bought deal financing previously announced on April 3, 2014. Proceeds from the offering of common shares will be used for general corporate purposes and for working capital.
Gold – Malbex Resources Inc. (TSXV:MBG) has entered into an agreement with Barrick Gold Corp. (TSX:ABX) regarding Malbex's Del Carmen project in San Juan Province, Argentina. Under the agreement, Barrick will have the option to earn a 51-percent interest, and later a 75-percent interest, in the Del Carmen project based on the meeting of certain expenditure requirements.
Gold – The Globe and Mail reported that Vancouver-based Goldcorp Inc. (TSX:G,NYSE:GG) has called an end to its hostile pursuit of Osisko Mining (TSX:OSK). Goldcorp refuses to top the competing bid of $3.9 billion by Yamana Gold Inc. (TSX:YRI,NYSE:AUY) and Agnico Eagle Mines Ltd. (TSX:AEM,NYSE:AEM).
Gold – Eagle Hill Exploration Corporation (TSXV:EAG,OTCQX: EHECF) is both re-pricing and increasing its non-brokered private placement announced last month. Under the revised terms of the private placement Eagle Hill plans to raise up to $3.5 million by issuing approximately 70 million units of the company at $0.05 per unit.
Gold – Roxgold Inc. (TSXV:ROG) announced the results of its feasibility study prepared pursuant to National Instrument 43-101 for the 55 Zone on its Yaramoko exploration permit in Burkina Faso. The study suggests an initial life of mine of over seven years and envisions an underground mining scenario. Highlights from the study also include a mining plan based on 4.9 grams of gold per tonne, and an Internal rate of return of 48.4% after taxes with a payback period of 1.6 years.