The transaction will encompass certain exploitation concessions by CMCA on the Carmen de Andacollo copper-gold mine, any mining concessions acquired within a 1.5 kilometer area of interest, and certain other mining concessions that CMCA may acquire.
The Agreement terminates Royal Gold’s royalty equivalent to 75% of the gold produced from the sulfide portion of the Carmen de Andacollo mine until 910,000 payable ounces have been produced, and 50% of the gold produced thereafter.
The firm announced it is successfully commissioning its Coalview Centralia fine coal recovery (FCR) plant.
The company is in various stages of development of recovery projects in Canada, Alabama, Illinois, Pennsylvania and West Virginia.
Results from the Canadian owned Black Fox Complex continue to return high-grade gold assays.
Based on initial ranges, Graystone is estimating that the amount of gold on their site could be in excess of $100,000,000.
Significant findings of high grade diamonds found in Kimberlite Dykes less than 2 miles east of Oraco Resources’ Nimini Hills site
Expansions are planned for Stellar Diamonds and Koidu Holdings, after evaluations found that "the Lion-5 Kimberlite prove that the body is of both high grade and high diamond quality."
"Let’s be clear – by choosing to offer Shell a $1.7 billion dollar tax break while proposing to cut nearly $900 million to public education, the governor is choosing winners and losers," says George Jugovic Jr., president and CEO of PennFuture.
U.S. Silver announces results of ongoing diamond drill activities at the Galena Mine and expanded geological team
U.S. Silver Corporation announced results from the previously announced exploration diamond drill program carried out to date in 2012.
Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE Amex: BRD; TSX: BRD) reports that power has been restored at its Black Fox Mill and operations have resumed.
Brigus Gold reports temporary suspension of milling operations due to power outage caused by local forest fires
Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE Amex: BRD; TSX: BRD) Brigus announces that severe forest fires have caused a power outage at the Company’s Black Fox Mill, located approximately 30 kilometres east of Timmins.
Sunridge Gold Corp. (SGC:TSX.V/SGCNF:OTCQX) has today filed a National Instrument 43-101 compliant technical report regarding the new resource estimate for the Gupo Gold deposit, the fourth deposit that forms the basis of the Asmara North Pre-feasibility Study.
Coeur d’Alene Mines Corporation (NYSE:CDE)(TSX:CDM) announced today that full production has resumed at its Palmarejo Mine after the small group of employees who had been blocking access to the mine agreed to return to work.
Diamond's extensive mining experience of Diamond V Associates, could make the company a strong ally in GTSO's mission to bring new sources of tungsten online.
Ormet announces a $1.1 million net loss for the first quarter of 2012. This compares to a net income of $5.5 million for the same period of 2011.
According to a new report from Pike Research, worldwide investment by the mining industry on renewable energy and energy conservation will reach approximately $8.4 billion by 2016 and nearly $20 billion by 2020.
“We’re glad the Obama campaign finally included clean coal in its ‘all of the above’ energy strategy, but the President’s commitment to coal needs to be more than just a talking point."
Tanzanian Royalty approves $4.1 million budget for deep drilling program to test high grade gold potential at advanced stage buckreef project in Tanzania
“Based on what we’ve seen from recent drilling, expectations are high that this major expansion in drilling activity at Buckreef will not only significantly boost our resource base but the overall grade tenor in the Buckreef deposit as well.”
The latest assay results from the ongoing drill program at Tanzanian Royalty’s Buckreef Gold Project in northern Tanzania lend additional support to the emergence of a high grade gold discovery at depth across above-average widths.
Mountain Lake Completes Initial NI 43-101 Resource Estimate for its 100% Owned Glover Island Gold Project in Newfoundland
Mountain Lake Resources Inc. (TSX-V: MOA.V - News)(Pink Sheets: MLKRF)(“Mountain Lake” or the “Company”) is pleased to report the completion of the initial National Instrument (NI) 43-101 resource estimate by P&E Mining Consultants Inc. (“P&E”) of Brampton, Ontario for the Lunch Pond (“LP” or the “Lunch Pond Deposit”) area of its 100% owned Glover Island Gold Property (the “Property”) in western Newfoundland.
Alcoa (NYSE: AA) announced today that the Company will reduce its annual alumina production capacity by approximately 390,000 metric tons to align production with smelter curtailments Alcoa announced earlier this year and to reflect prevailing market conditions.
Santa Fe Gold Corporation SFEG +5.70% is pleased to report it has declared the beginning of commercial production at its Summit silver-gold mine in southwest New Mexico.
BayFront Capital Partners and its wholly-owned subsidiary Roman Copper Corp. today released further details of their plan for Cupru Min and its world-class Rosia Poieni copper mine, acquired as part of the Romanian government’s privatization program.
The Graystone Company (OTC Bulletin Board: GYST) announced that its 100% owned subsidiary Grupo Minero Inca (a Peruvian Corporation) has claimed an additional mining concession in Peru. The new concession has been named Graystone III and is 700 hectares (or 1,729.7 acres) or approximately 7,000,000 square meters (or 2.7 square miles)
Following dismissal of all misdemeanor charges and a mutual settlement between Goldline International and the Santa Monica City Attorney, the City Attorney issued a press release replete with serious misstatements and inaccuracies concerning Goldline’s business practices.