The project will connect remote First Nations in Northwestern Ontario to Ontario’s power grid and provide for savings associated with avoided diesel costs.
Lundin Gold announces approval and registration of Swedish Prospectus for US $400m private placement
The Swedish Prospectus has been prepared for the admission to trading of up to 93,497,140 common shares on Nasdaq Stockholm.
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.