Gold

Mine manager strikes it rich with $16.6m lottery win

A northern BC miner has hit the proverbial jackpot.

Lake Shore Gold, Franco-Nevada link up for $50 million royalty/ equity agreement

Lake Shore Gold, an aspiring Canadian mid-tier gold producer, has joined forces with Franco-Nevada Corporation in a $50 million royalty and equity agreement. Both companies are listed on the Toronto and New York exchanges.

Newmont could redirect Conga billions to Ghana if delays continue

Newmont Mining, world number two gold producer, said on Wednesday it has options to spend its capital elsewhere to meet production targets if its $4.8 billion Conga project in Peru does not restart.

Silvercorp reports revenue of $61.9 million and operating cash flow of $31.6 million in the 3rd quarter of fiscal 2012

Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX:SVM)(NYSE:SVM) today reported its unaudited financial and operating results for the third quarter ended December 31, 2011 (“Q3 2012″). The following financial results are expressed in US dollars (US$) unless stated otherwise.

San Gold Announces 84 Vein Drilling Results

San Gold Corporation CA:SGR -2.21%(otcqx:SGRCF) today announced the results of drilling in the 84 Vein of the Rice Lake Mining Complex in Manitoba, Canada.

Great Basin Gold misses production targets: Wednesday Market Roundup

Wednesday market sentiment was jittered by the never-ending Greek debt negotiations story. Main indices recovered some of the ground lost earlier in the morning but some of them were still low in the afternoon session.

Pershimco Resources Inc Announces CAD20,000,000 Bought Deal Financing

Pershimco Resources Inc. (TSX VENTURE:PRO)(FRANKFURT:BIZ) (“Pershimco” or the “Company”) is pleased to announce that it has entered into an agreement with a syndicate co-led by Clarus Securities Inc. and GMP Securities L.P., and including PowerOne Capital Markets Limited and Jennings Capital Inc. (collectively, the “Underwriters”), to purchase, on a bought deal private placement basis, 20,000,000 common shares of the Company at a price of C$1.00 per common share, for aggregate gross proceeds of C$20,000,000.

Dia Bras Exploration Approves its Largest Exploration Budget Programme at the Yauricocha Mine in Peru

Dia Bras Exploration Inc. (TSX VENTURE:DIB) (“Dia Bras”) (the “Company”) is pleased to announce its expanded 2012 exploration programme at the Yauricocha mine in Peru.

TORONTO, ONTARIO–(Marketwire – Feb. 8, 2012) – Dia Bras Exploration Inc. (TSX VENTURE:DIB) (“Dia Bras”) (the “Company”) is pleased to announce its expanded 2012 exploration programme at the Yauricocha mine in Peru. The exploration program…

Over the hedge: Yukon-Nevada signs $20 million deal with Deutsche Bank at $716/oz

Yukon-Nevada Gold Corp. (TSX: YNG) on Wednesday announced a forward gold purchase agreement with Deutsche Bank’s London office for $20 million. Yukon Nevada says it will deliver 27,950 ounces of gold over a 43 month term at a rate of 650 ounces per month starting end of Q1.

Goldcorp chairman denies implication in insider trading scheme

Ian Telfer, one of Canada’s most well-known mining executives and chairman of Goldcorp Inc. (TSE:G), denied yesterday’s Ontario Securities Commission (OSC) allegations that connect him with an alleged illegal insider-trading scheme that yielded profits of $962,000 for eight people involved in buying shares.