Lake Shore Gold improves production, mill expansion progressing

TSX-listed Lake Shore Gold on Thursday said it was pressing ahead to complete an expansion at its Timmins West mine, in Ontario, which would see the mine increase gold production from 2013 onwards. The miner reported cash earnings from mine...

Impairments lead to $105.4m Q4 loss for Franco-Nevada

Franco-Nevada Corporation, the biggest gold royalty and streaming company, swung $105.4-million into the red for the fourth quarter, after the Toronto-based firm suffered $169.9-million in impairment charges. Stripping out the one-time charges,...

Company Announcement: Rubicon Purchases Pre-existing Royalty Covering ‘Land Claims’

Rubicon Minerals Corporation is pleased to announce that, by exercising a right of first refusal, it has acquired, and thereby extinguished, the 3% net smelter returns royalty payable on the mining properties covering the land portion of...

Company Announcement: Franco-Nevada Reports First Quarter Results

Attached please find a press release on: Franco-Nevada Corporation (TSX: FNV) today reported its financial results for the three months ended March 31, 2011. Effective January 1, 2011, Franco-Nevada adopted International Financial Reporting...

Royal Gold says 34% of IRC shareholders agree to back offer

Royalty firm Royal Gold has entered into more voting agreements with shareholders of acquisition target International Royalty Corporation, the company said on Wednesday. Altogether, holders of 34% of IRC shares, including the company's directors...

Royal Gold agrees to buy International Royalty

Nasdaq-listed royalty firm Royal Gold has agreed to buy International Royalty Corporation (IRC) in a friendly deal worth C$749-million, the companies announced on Friday. Royal Gold will offer either C$7.451 in cash or 0.1385 in shares, or a...

Franco-Nevada targets International Royalty

Resources royalty group Franco-Nevada Corporation plans to make a cash offer for smaller rival International Royalty, the firm announced at the weekend. The news sent International Royalty's shares surging when trading opened on Monday. The stock...

Franco-Nevada hikes outlook for Gold Quarry royalty

TSX-listed Franco-Nevada Corporation now expects a royalty on Newmont Mining's Gold Quarry mine, in Nevada, to yield about 14 400 gold royalty ounces this year, compared with a December 2008 estimate of 11 200 oz, US operations chief Steve Aaker...

Gold to bring in 75% of Franco-Nevada revenue by Q3

Resources royalty firm Franco-Nevada Corporation expects gold royalties to account for a much bigger slice of overall revenue this year, thanks to higher expected bullion prices and weaker prices and output levels for its other commodities. The...

Franco-Nevada buys 7,29% NSR royalty on Newmont property

Resources royalty firm Franco-Nevada Corporation has entered into agreements to buy a 7,29% net smelter return royalty on the Gold Quarry Royalty property, which is part of Newmont Mining's Gold Quarry openpit mine, in the Carlin district of...