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FINANCING

Allied Nevada Gold closes $150m financing

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US miner Allied Nevada Gold on Friday said it had closed a bought deal equity financing with a syndicate of underwriters for $150.5-million. Allied Nevada issued 14-million shares at a price of $10.75 apiece. The syndicate of underwriters was led...

By: Henry Lazenby

17th May 2013

GOLD

Gold falls further in longest losing streak in four years

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Gold fell on Friday for a seventh straight session, in its longest losing streak since March 2009, as the dollar strengthened and investors cut exposure to the precious metal, fearing further drops and choosing equities instead. Gold has lost...

By: Reuters

17th May 2013

COPPER-MOLY-GOLD

Marengo delays FS results, looks for new power partner

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ASX- and TSX-listed Marengo Mining has been forced to consider alternate sources of power for its proposed Yandera copper/molybdenum/gold project, in Papua New Guinea, after the preferred third-party supplier decided to withdraw from the supply...

By: Esmarie Swanepoel

17th May 2013

GOLD

Didipio reaches commercial production

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Dual listed miner OceanaGold has declared commercial production at its Didipio mine, in the Philippines, from April 1. “We are extremely pleased to formally announce the declaration of commercial production at Didipio with an effective date of...

By: Esmarie Swanepoel

17th May 2013

GOLD

Apex moves ahead with project sales

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ASX-listed Apex Minerals has extended the due diligence period on its Wiluna gold mine by 60 days, reporting that the mine’s performance during April and May had improved substantially. The Wiluna project was on track to produce some 4 000 oz...

By: Esmarie Swanepoel

17th May 2013

GOLD

Reed's Comet sale falls through

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Gold miner Reed Resources on Friday told shareholders that the sale of its Comet Vale project would no longer be sold to fellow-listed Crest Minerals, after that company failed to secure funding. In March this year, Crest signed a purchase...

By: Esmarie Swanepoel

17th May 2013

LEGISLATIVE ENVIRONMENT

Ecuador pushing ahead with reforms to lure mining investors

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Ecuador's government on Thursday presented a mining bill to Congress that should pave the way for the signing of contracts with several investors, including Canada's Kinross Gold. Ecuador does not have a large-scale mining industry, but the...

By: Reuters

17th May 2013

FINANCING

St Augustine Gold and Copper announces $11m private placement

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Toronto-listed St Augustine Gold and Copper, which is developing the King-King copper/gold project, in the Philippines, on Thursday announced a private placement with Queensberry Mining and Development for $11-million. The private placement saw...

By: Henry Lazenby

17th May 2013

Topics in these articles

City	Company	Country	Currency
Toronto Perth QUITO	Allied Nevada Gold Cormark Securities Dundee Securities GoldSilver Central Pte Ltd SPDR Gold Trust OceanaGold Reed Resources Sand Queen Gold Mines Ecuacorriente Kinross Gold Reuters St Augustine Gold And Copper	United States China India Singapore Papua New Guinea Philippines Canada Ecuador	USD AUD
Facility	Province Or State	Region	Continent
Hycroft Mine Didipio Mine	Nevada Maryland	West Nevada	Asia
Industry Term	Person	Natural Feature	Product
Bank Consignments Bank Curbs Metal Precious Metal Gold Producer Listed Miner Large-scale Mining Industry Oil Exports	Brian Lan Les Emery Mick Wilkes Luke Tonkin Rafael Correa Andrew Russell	Golden Age Reef	$11-million