Timberline Signs Definitive Purchase Agreement to Acquire Small Mine Development, LLC -
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Metallica Resources, New Gold and Peak Gold Announce Signing of Definitive Agreement for US$1.6 Billion Business Combination
"Metallica Resources Inc. ("Metallica Resources") (TSX - MR and AMEX - MRB), New Gold Inc. ("New Gold") (TSX and AMEX - NGD) and Peak Gold Ltd. ("Peak Gold") (TSXV - PIK) are pleased to announce that they have signed a definitive agreement in connection with the previously announced business combination (the "Transaction")." More
Metallica Resources Announces Record Cash Flow and First Quarter 2008 Financial Results -
"Metallica generated record pre-tax cash flow from mine operations of $8.2 million in the first quarter, resulting in net income after taxes of $3.3 million or $0.04 per basic share. Gold sales of 15,922 ounces at an average realized price per ounce of $932.87 and 203,973 ounces of silver at an average realized price per ounce of $17.62 resulted in total sales of $18.5 million." More
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Vista Gold Corp. Announces First Quarter Financial Results -
"Vista Gold Corp. (Amex: VGZ; TSX) announced today its financial results for the three months ended March 31, 2008, as filed on May 12, 2008 with the US Securities and Exchange Commission and with the relevant securities commissions in Canada in the Corporation's Quarterly Report on Form 10-Q. Vista reported a consolidated net loss for the three-month period ended March 31, 2008, of US$1,851,000 or US$0.05 per share compared to a consolidated net loss of US$776,000 or US$0.02 per share for the same period in 2007." More
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Hecla Reports Increased Income and Gross Profit, Improved Cash Costs Compared to First Quarter Last Year -
"Hecla Mining Company (NYSE:HL) today reported net income applicable to common shareholders of $12.1 million, or 10 cents per common share, on revenue of $46 million in the first quarter of 2008, compared to $8 million, or 7 cents per common share, on revenue of $54.6 million in the first quarter of 2007. Net income before dividend payments was $15.5 million, compared to $8.1 million in the first quarter of 2007." More
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Fitch raises Freeport McMoRan rating on debt plans -
"Fitch Ratings on Friday raised its ratings for Freeport McMoRan Copper & Gold Inc (FCX.N: Quote, Profile, Research), citing the copper producer's expected debt reduction efforts." More
- October 26 | Item | E-mail
Citigroup raises Barrick, Freeport price targets -
"Citigroup analyst John Hill said he now pegged the share target of the world's largest gold producer Barrick at $48 per share, up from his previous estimate of $43 a share. Hill also raised Freeport's price target to $122 per share from $120 a share." More
- October 08 | Item | E-mail
Prudential downgrades AngloGold Ashanti -
"The brokerage has a $50 price target on the company's stock." More
- May 09 | Item | E-mail
ITH Outlines Large Geophysical Anomalies Associated With High Copper-Gold-Silver Mineralization on BMP Project, Alaska -
"International Tower Hill Mines Ltd. ("ITH" or the "Company") (CDNX:ITH.V - News)(AMEX:THM - News)(Frankfurt:IW9.F - News) is pleased to announce the results from a recent high resolution airborne magnetic and EM survey completed over key mineralized areas of the Company's BMP project, Alaska. In the spring of 2008, Fugro, the Company's contractor, completed an airborne magnetic and electromagnetic survey of the core target area covering an area of 30 square kilometres in two blocks with a nominal line spacing of 50 metres." More
- May 13 | Item | E-mail
Great Basin Gold's Two Development Projects Move Closer to Production -
"Great Basin Gold Ltd. ("Great Basin Gold" or the "Company") (Toronto:GBG.TO - News)(AMEX:GBN - News)(JSE: GBG) today announced that it was making good progress on its two advanced stage projects: Hollister Development Block ("Hollister") Project, on the Carlin Trend in Nevada, USA and the Burnstone Gold Project in the Witwatersrand Goldfield in South Africa." More
- May 13 | Item | E-mail
Metallica Resources Announces Record Cash Flow and First Quarter 2008 Financial Results -
"Metallica generated record pre-tax cash flow from mine operations of $8.2 million in the first quarter, resulting in net income after taxes of $3.3 million or $0.04 per basic share. Gold sales of 15,922 ounces at an average realized price per ounce of $932.87 and 203,973 ounces of silver at an average realized price per ounce of $17.62 resulted in total sales of $18.5 million." More
- May 13 | Item | E-mail
Kirkland Lake Gold Inc.: Drilling on New South Zone Returns 3.86 Ounces of Gold (132.3 Grams) Over 16.0 Feet True Width and 3.24 Ounces of Gold Per Ton -
"Kirkland Lake Gold Inc. (the "Company") (TSX:KGI - News; AIM:KGI) is pleased to announce an update on diamond drilling in the South Mine Complex (SMC). The SMC consists of 15 or more mineralized zones, one of which is the New South Zone, located 800 feet to 2,000 feet south of the historical mine workings on the Company's Macassa Mine property." More
- May 13 | Item | E-mail
Vista Gold Corp. Announces First Quarter Financial Results -
"Vista Gold Corp. (Amex: VGZ; TSX) announced today its financial results for the three months ended March 31, 2008, as filed on May 12, 2008 with the US Securities and Exchange Commission and with the relevant securities commissions in Canada in the Corporation's Quarterly Report on Form 10-Q. Vista reported a consolidated net loss for the three-month period ended March 31, 2008, of US$1,851,000 or US$0.05 per share compared to a consolidated net loss of US$776,000 or US$0.02 per share for the same period in 2007." More
- May 13 | Item | E-mail
Metallica Resources, New Gold and Peak Gold Announce Signing of Definitive Agreement for US$1.6 Billion Business Combination -
"Metallica Resources Inc. ("Metallica Resources") (TSX - MR and AMEX - MRB), New Gold Inc. ("New Gold") (TSX and AMEX - NGD) and Peak Gold Ltd. ("Peak Gold") (TSXV - PIK) are pleased to announce that they have signed a definitive agreement in connection with the previously announced business combination (the "Transaction")." More
- May 12 | Item | E-mail
Frontier Pacific Responds to Unsolicited Takeover Bid and Recommends to Shareholders NO ACTION BE TAKEN: Financial News - Yahoo! Finance -
"The board of directors will issue a response in which the board will provide its recommendation to shareholders regarding the Eldorado bid. Frontier Pacific shareholders are urged NOT TO TAKE ANY ACTION in relation to the Eldorado offer until the board has had the opportunity to fully evaluate the offer." More
- May 09 | Item | E-mail
Eldorado Mails Offer to Frontier Pacific Shareholders -
"Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation ("Eldorado", the "Company" or "we") (Toronto:ELD.TO - News)(AMEX:EGO - News) announced today that Eldorado has filed its formal offer to acquire all of the outstanding shares of Frontier Pacific Mining Corporation (CDNX:FRP.V - News) ("Frontier Pacific") with Canadian securities regulators and a registration statement with the U.S. Securities and Exchange Commission and has commenced the mailing of its offer and related documents to Frontier Pacific shareholders." More
- May 09 | Item | E-mail
Silver Wheaton Acquires 75% of Life of Mine Silver Production From Farallon Resources' Campo Morado Project in Mexico -
"Silver Wheaton Corp. ("Silver Wheaton") (Toronto:SLW.TO - News)(NYSE:SLW - News) is pleased to announce that it has agreed to purchase 75% of the life of mine silver produced by Farallon Resources Ltd. ("Farallon") (Toronto:FAN.TO - News), at its Campo Morado property in Guerrero State, Mexico. The first deposit on the Campo Morado property to be developed will be the high-grade G-9 polymetallic deposit, which Farallon is targeting for production during the third quarter of 2008." More
- May 13 | Item | E-mail
Sterling Mining Company Announces Positive Drill Results -
"Sterling Mining (Toronto:SMQ.TO - News)(OTC BB:SRLM.OB - News)(Frankfurt:SMX.F - News) today announced results from its ongoing underground exploration activities accessed from the 2700 ft level at the Sunshine Mine. In three holes drilled in the West Chance vein system, Sterling has intersected significant silver grades of 32.37 opt (1109.85 g/tonne), 19.40 opt (665.06 g/tonne) and 5.38 opt (184.55 g/tonne)." More
- May 12 | Item | E-mail
San Bartolome in Final Stages of Startup, Fueling Nearly 40% Growth to 16 Million Ounces in 2008: Coeur Reports First Quarter Results -
"Coeur d’Alene Mines Corporation (NYSE:CDE - News) (TSX:CDM - News) (ASX:CXC - News) today announced first quarter revenues of $57.3 million and net income of $4.7 million, or $0.01 per share, which includes $5.8 million of pre-development costs at its Palmarejo project in Mexico. These costs will begin to be capitalized in the second quarter once the Company completes its final feasibility study." More
- May 12 | Item | E-mail
Chinese critical of foreign investment in mining -
"The state-run China Central Television network has broadcast a program that sharply criticized foreign investors in Chinese mining and suggested that the country might tighten restrictions on investment in the sector." More
- May 12 | Item | E-mail
New Kyrgyz mining code ready by July-govt official -
"A new, investor-friendly mining code for Kyrgyzstan will be enacted by the country's parliament by July, a government official said on Wednesday.
The Central Asian republic, with deposits of gold and coal as well as exotic metals antimony and mercury, wants to take advantage of high metal prices on world markets, and strong demand from neighbouring China." More
- May 07 | Item | E-mail
Peru unions say ready for nationwide mining strike -
"Unions at mines throughout Peru are ready to strike next week to demand better labor benefits, the head of the country's biggest federation of mining unions and local union bosses said on Tuesday." More
- May 06 | Item | E-mail
Peak Gold announces first quarter earnings of $9.8 million and operating cash flow of $18.4 million: Financial News - Yahoo! Finance -
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- May 09 | Item | E-mail
Yale Completes Drill Program and Starts Phase II Work at El Rosario, Urique Project -
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- May 09 | Item | E-mail
Merit Mining Receives Mine and Mill Operating Permits -
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- May 09 | Item | E-mail
Gold Eagle Mines Ltd. - 2008 first quarter financial results -
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- May 09 | Item | E-mail
Chapleau Resources Intersects 11.0 m of 0.62 % Copper and 0.10 g/t Gold in Hole #7 on the La Yegua Copper-Gold Porphyry Project in Peru -
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- May 09 | Item | E-mail
Douglas Lake Minerals acquires massive 430 sq km alluvial gold deposit -
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- May 09 | Item | E-mail
Taranis Resources Inc. Increases Land Position at Thor 370% &Selects Atlas Drilling Limited to Conduct 10,000 m of Core Drilling -
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- May 09 | Item | E-mail
Coro Mining Corp. Announces Release of Its First Quarter Results for 2008 -
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- May 09 | Item | E-mail
Resignations and Appointments of Directors and Officers of Pan American Gold Corporation -
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- May 09 | Item | E-mail
Saturn Announces Financing With MineralFields Group -
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- May 09 | Item | E-mail
Aeroquest International Limited (TSX-V: AQL) Issues a Clarification of a Recent Press Release -
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- May 09 | Item | E-mail
Farallon Announces Additional G-9 Drill Results -
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- May 09 | Item | E-mail
Colombia Goldfields Provides Q1 2008 Exploration and Corporate Updates -
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- May 09 | Item | E-mail
Noront Receives Analytical Results Eagle One Deposit -
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- May 09 | Item | E-mail
Louvem Mines Reports its 2008 First Quarter Results -
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- May 09 | Item | E-mail
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