PDAC gearing up to launch Exploration Assessment Digital Data Formats guidelines, a practice expected to improve Canadian mine exploration discovery rates.
The Company issued a total of 7,187,500 ordinary shares in the capital of Endeavour ("Shares") at a price of C$20.00 per Share, which includes the exercise of the underwriters’ over-allotment option in full, for aggregate gross proceeds of C$143.75 million (the "Offering").
Guinea hosts second meeting of National Coordinators of the Extractive Industries Transparency Initiative (EITI)
The objective of these meetings is for African countries to find a common position before the next EITI Global Conference, to be held in Lima, Peru in February 2016.
Sprott Resource Corp. announces agreement for $200 million private placement by Long Run Exploration Ltd.
Sprott Resource Corp. ("SRC" or the "Company") (TSX:SCP) announced today that Long Run Exploration Ltd. ("Long Run"), in which SRC holds a 11.9% quity interest, has entered into an agreement for a private placement of Long Run common shares to Maple Marathon Investments Limited ("Maple Marathon") for gross proceeds of approximately $200 million (the "Private Placement").
This represents a 39% increase from the last reported reserve estimate at Wharf by Goldcorp from year-end 2013 of 560,000 ounces. The addition of these new reserves at Wharf results in a 35% increase in Coeur’s total gold reserves to 3.0 million ounces.
The goal of the ETF is to provide exposure to the Sprott Zacks Junior Gold Miners Index (NYSE:ZAXSGDJ), which seeks to outperform a passive, market-capitalization representation of junior gold stocks.
India's Trade Minister Nirmala Sitharaman recently announced that illegal gold seizures had jumped 30% in the previous year to $150 million.
In the last two years, Peru's government has aggressively reigned in and regulated 200,000 small scale miners - establishing environmental controls and creating tax revenue from the massive rogue industry.
The Company reported consolidated net revenues in the third quarter of 2014 of $123.9 million, a 6% increase over the preceding quarter.
Westhaven hunts for bonanza grade gold on its Shovelnose gold property.