Aurora has ‘no grounds’ to withdraw offer – Eureka

Takeover target Eureka Energy has lashed out at claims that its beau Aurora Oil & Gas planned to withdraw its offer, saying that the company had no grounds to do so. In response to news reports that the company was “exploring the withdrawal of...

Teranga Gold lifts Q1 gold production by 22%

TSX- and ASX-listed Teranga Gold Corp on Monday reported record first-quarter gold production of 41 904 oz at its Sabodala gold mine, in Senegal. CEO Alan Hill said this was achieved on the back of higher-grade ore stockpiled at the end of...

Coal developer ZYL attracts interest from potential buyers

Shares in ASX-listed ZYL jumped nearly 30% on Wednesday, as the South Africa-focused coal developer announced that it had received two unsolicited expressions of interest to either partner or acquire ZYL. ZYL appointed Macquarie Bank as a...

Hillgrove secures financing for Kanmantoo costs

ASX-listed Hillgrove Resources on Friday reported that it was “well advanced” with negotiations to secure additional project and liquidity facilities to cover the 10% cost increase at its Kanmantoo copper project, in South Australia. During...

Las Lagunas gold/silver tailings project, Dominican Republic

PanTerra Gold has reported that permanent power will be connected to the project site in mid-December.

Beadell secures financing for Tucano start

ASX-listed Beadell Resources has locked in $90-million in a project finance facility to complete the construction and start operations at its Tucano gold project, in Brazil. Beadell said on Wednesday that credit approval has now been received...

Conquest secures A$100m financing for Mount Carlton

ASX-listed Conquest Mining has secured a A$100-million financing offer from Macquarie Bank to fund the construction of its Mount Carlton gold-silver-copper project, in Queensland. The financing package consists of a A$50-million project finance...

Coal developer Aston secures A$350m loan

ASX-listed Aston Resources has secured a A$350-million revolving credit facility to repay its outstanding debt and materially reduce the cost of funding. Financial services providers ANZ and Macquarie Bank have co-underwitten a A$175-million...

Regis extends bank facility to fund Garden Well gold project

Gold-focused Regis Resources has signed an agreement with Macquarie Bank to extend its existing financing facility in order to fund the development of the Garden Well gold project, in Western Australia. The debt facility has been provided in two...

Las Lagunas gold/silver tailings project, Dominican Republic

Australia-based EnviroGold has updated the financial forecasts for the planned Las Lagunas project.

A$30m raising for Ghana project complete

ASX-listed Azumah Resources, an exhibitor at the Mining Indaba 2011, reports that it has completed a A$30-million capital raising, with major shareholder Macquarie Bank maintaining its position as the largest shareholder at 12%.

EnviroGold to buy out Las Lagunas minority partner

Minerals developer EnviroGold has reached an agreement on a buyout price for the minority interest in the Las Lagunas gold tailings project, in the Dominican Republic. The miner said on Tuesday that a share sale and purchase agreement was in an...