The company has announced that the Environmental Protection Agency (EPA) of Ghana lifted the temporary suspension on Tarkwa Gold Mine's heap leach facilities.
Boxxer announced its intentions acquire 23 mineral claims covering 6,997.9 acres contiguous to its East Breccia copper-molybdenum-silver property located approximately 60 kilometres north of Sault St Marie, Ontario.
The company took subscriptions amounting to $6.0m before costs and on completion will issue 17,142,857 shares at $0.35 per share, the closing price of the Company's shares on 31 July 2012.
The company has announced that it has received subscription agreements for the first closing of a non-brokered private placement of 3,311,957, priced at $0.56 per Unit.
The company reports year-to-date global iron ore sales volume increases 23% to 19 million tons and revenue of $1.6 billion with net income attributable to Cliffs' shareholders of $258 Million, or $1.81 per diluted share.
The release, which shows mine production results for operations in Turkey and Australia, come ahead of financial statements which are planned for August 14, 2012.
The report highlights a 54.8% increase in quarterly consolidated gold sales for the quarter ended June 30, 2012, as compared to the quarter ended June 30, 2011.
The company highlights its findings of an intersected 30.80 meters at 10.53 g/t gold and TJ-356 intersected 27.60 meters at 8.37 g/t gold at its Nevada-based project.