Mining Top News

Pacific Energy Development and Blast Energy Services Sign Merger Agreement

Mining News — Sun, 22 Jan 2012 07:32:05 +0000

Pacific Energy Development Corp. (“PEDCO”), a privately-held oil and gas company engaged in the acquisition and development of energy projects in the U.S. and Pacific Rim countries, and Blast Energy Services, Inc. (“Blast”), a U.S. publicly-traded operating oil and gas company engaged in the exploration and production of petroleum resources in the U.S. and the [...]

Silvore Fox Updates Progress on Winston Lake and Coxheath

Mining News — Sun, 22 Jan 2012 07:27:13 +0000

Silvore Fox is pleased to announce that they have received the results of the Geotech Ltd VTEM survey over their 9600 ha claim holdings in the Winston – Pick Lake area north of Schreiber in Northern Ontario. The 1,061 line kilometer helicopter survey covered the area for the most part at 100 meter line spacing [...]

Goldcorp Supports Acquisition Of Primero Mining Corp By Northgate Minerals Corporation

Mining News — Wed, 13 Jul 2011 15:13:59 +0000

GOLDCORP INC. today agreed to support the proposed transaction by which Northgate Minerals Corporation will acquire all of the issued and outstanding shares of Primero Mining Corp. The transaction will be effected through a plan of arrangement under the British Columbia Business Corporations Act. Goldcorp controls 35.5% of the outstanding shares of Primero, and has [...]

Spanish Mountain Announces Closing of $20 Million Financing

Mining News — Wed, 13 Jul 2011 14:53:21 +0000

Spanish Mountain Gold Ltd. announce that it has closed its private placement offering (the “Offering”), previously announced on June 30, 2011. Pursuant to the Offering, 33,333,328 units (the “Units”) have been placed at a price of $0.60 per unit for total gross proceeds of approximately CAD$20,000,000. Due to stronger than expected investor demand, the size [...]

Sandstorm Gold Acquires a Gold Stream on the Xstrata Operated Bracemac-McLeod Property

Mining News — Wed, 13 Jul 2011 14:49:03 +0000

Sandstorm Gold Ltd. announce the completion of a gold purchase agreement (the “Agreement”) with Donner Metals Ltd. (“Donner”) (TSX-V:DON – News) (via a back-to-back agreement with Sandstorm Metals & Energy Ltd. (“Sandstorm Metals & Energy”) to acquire an amount of gold and gold equivalent based on production at the Bracemac-McLeod development property located in Matagami, [...]

Mammoth Energy Group to Create Non Executive Advisory Board

Mining News — Wed, 13 Jul 2011 14:40:44 +0000

Mammoth Energy Group Inc., a lithium and alternative energy mining company announced today that it is creating a non executive advisory board for strategic consulting to the company. The board will be comprised of an international mix of advisors focused on the strategic development of the company and potential joint partners. Mammoth Energy Group’s wholly [...]

Strike Minerals Amends Terms of Non-Brokered Private Placement of Up to $1,000,000

Mining News — Wed, 13 Jul 2011 14:37:59 +0000

Strike Minerals Inc. wishes to announce that further to its press release dated June 20, 2011, the terms of the private placement have been revised to amend the Offering. Subject to regulatory approval, Strike proposes to complete, a non-brokered private placement of up to $1,000,000 consisting of up to $700,000 in Flow-Through Units (“FT Units”) [...]

Condor Discovers New Epithermal Gold-Silver Occurrence in Peru

Mining News — Tue, 12 Jul 2011 16:37:09 +0000

Condor Resources Inc. announce that its ongoing generative regional exploration program in South America has resulted in the discovery and staking of a new precious metals occurrence in northern Peru in the same prolific volcanic belt that is host to Barrick Gold Corporation’s Pierina and Alto Chicama gold mines. Located 45 km south of the [...]

Texas Business Prospers Off Unique Approach to Gold & Silver Buying

Mining News — Tue, 12 Jul 2011 16:32:50 +0000

As analysts predict gold prices will continue to climb, customers of Gold & Silver Buyers, the largest purchaser of gold and silver in the state of Texas, are taking advantage of the company’s larger than usual payouts. Gold & Silver Buyers credits the fact that because it owns its own gold and silver refinery, there [...]

Aura Minerals Awards Feasibility Study on Serrote Deposit to SNC-Lavalin Inc.

Mining News — Tue, 12 Jul 2011 16:26:24 +0000

Aura Minerals Inc. announce that SNC-Lavalin Inc. and its Brazilian subsidiary, SNC-Lavalin Minerconsult Engenharia Ltda., have been awarded the definitive feasibility study on the advanced-stage Serrote da Laje deposit (“Serrote Deposit”) at its wholly-owned copper-gold-iron ore Arapiraca Project in Alagoas State, Brazil. The feasibility study is underway and is scheduled for completion late in the [...]

Boise Entrepreneur Launches BX Drilling Supply

Mining News — Mon, 11 Jul 2011 17:14:27 +0000

Daniel Brockett, a drilling and mining supply executive, has launched BX Drilling Supply in Boise. BX Drilling Supply offers a diverse range of products and supplies as well as logistics support, supply chain management and inventory management to the drilling and mining industry. “After spending nearly a decade in the drilling and mining industry, it [...]

Exit Only, Inc. Acquires Bayport Corporation and Begins Gold Production

Mining News — Mon, 11 Jul 2011 17:11:01 +0000

Exit Only, Inc. announced that it has acquired Bayport Corporation, a Nevada corporation. With this acquisition, Bayport Corporation has obtained the controlling interest in the company. James L. Porter will serve as the President while Louis Porter will serve as the CEO of the surviving company. The new name of the company will be filed [...]

Pritchard Capital Partners, LLC Completes Sale of Ownership Interest

Mining News — Mon, 11 Jul 2011 17:06:01 +0000

Pritchard Capital Partners, LLC , an independent securities firm focused on the energy sector, today announced that it had completed the sale of a minority ownership interest to selected institutional investors. The investment will assist in the growth of Pritchard Capital as it continues to expand its significant presence as a trusted advisor in the [...]

Pele Mountain Commences Trading in the United States on OTCQX International

Mining News — Tue, 03 May 2011 14:22:41 +0000

Pele Mountain Resources Inc. (TSX Venture: GEM; OTCQX:GOLDF) announced today that its shares have commenced trading in the United States on the OTC market’s prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com. Pele’s U.S. trading symbol is “GOLDF”. Pele’s shares are [...]

Red Metal Completes Acquisition of Two Mining Claims in Chile Region III

Mining News — Tue, 03 May 2011 14:17:40 +0000

Red Metal Resources Ltd., a mineral exploration company with copper-gold assets in Chile, today announced that it has completed the purchase of the Che I & Che II mining claims for approximately USD$20,000. These claims cover 76 hectares within Red Metal’s existing Mateo copper-silver-gold project in the Candelaria Iron Oxide Copper-Gold (IOCG) belt in Chile [...]

Terra Firma Deploys Indonesian Field Team to Begin Work Program on Gold and Copper Property in South Sulawesi, Indonesia

Mining News — Tue, 03 May 2011 14:12:32 +0000

Terra Firma Resources Inc. announce that it has deployed its Indonesian field team to commence the initial exploration program at its Gold and Copper Property in South Sulawesi, Indonesia. The initial field exploration program will be completed in two phases. The first phase will consist of geological mapping including structural, lithology and alteration mapping. The [...]

World Wide Comments on Kazakhstan Arbitration

Mining News — Tue, 03 May 2011 14:07:20 +0000

World Wide Minerals Ltd. today commented on current developments in its long-running arbitration with Kazakhstan involving its investments in that country in 1996 – 1997. The issues in the arbitration relate to default by Kazakhstan in repaying loans made to Kazakhstan in 1996-1997 as well as losses suffered by World Wide in Kazakhstan and the [...]

Ranger Gold Receiving Bids for Drill Rigs on Its Nevada Properties

Mining News — Tue, 03 May 2011 14:02:57 +0000

Ranger Gold Corp. announce that it has engaged drilling contractors in preparation for drilling on its Nevada holdings. “We are in the process of receiving and evaluating bids from several drilling contractors,” said Gary Basrai, President of Ranger. “We are exploring all options that best suit the company and that enable us to effectively start [...]

BioteQ Announces Succession Plan for CEO

Mining News — Sun, 10 Apr 2011 13:58:47 +0000

BioteQ Environmental Technologies Inc., a leader in the treatment of industrial waste water, announced today that Brad Marchant, Chief Executive Officer, will be retiring from the Company as of June 30, 2011. Following his retirement, Mr. Marchant will continue with the Company as a consultant to ensure a smooth transition to a new CEO and [...]

Gold Fields Limited: Q1 2011 Production in Line With Guidance

Mining News — Sun, 10 Apr 2011 13:49:21 +0000

Gold Fields Limited (Gold Fields) today announced that attributable Group production for the March quarter (Q1 2011) is expected to be approximately 830,000oz, which is 5% higher than for the corresponding quarter a year ago (793,000oz). As expected production is lower than that achieved in the previous quarter (900,000 ounces), almost entirely due to the [...]