Crocodile agrees to higher Luxor bid, shares gain

Crocodile Gold, the Toronto-based owner of Australian mines, said on Monday it agreed to an 11% higher bid from Luxor Capital Group, sending its shares 7% higher in heavy Toronto trading. The company also said it met its output guidance for 2011,...

Crocodile Gold not expecting further dilution

Toronto-based Crocodile Gold is well funded and does not expect any further share dilution will be necessary this year, chairperson Stan Bharti said on Tuesday. Crocodile Gold, which has mines and projects in the Northern Territory of Australia,...

Black Iron could rival Consolidated Thompson - Bharti

Black Iron, which listed on the TSX last week, could become as big as Consolidated Thompson, the company’s backer, Forbes & Manhattan CEO Stan Bharti said on Monday. Black Iron owns the Shymanivske project in the Ukraine, located next to the...

Iron-ore junior Alderon sees interest in Canadian project

Iron-ore junior Alderon Resources, which has a project on the Labrador-Quebec border, has already been seeing interest from Asian steelmakers which want to buy a stake in the company, CEO Mark Morabito said on Thursday. Alderon’s Kami project...

Crowflight issues C$10m debenture to shareholder King Place

TSX-listed Crowflight Minerals will issue a C$10-million secured convertible debenture in a private placement to biggest shareholder King Place Enterprises and has also agreed to changes to its board of directors, the company said on Monday....

Jinchuan offers C$150m for nickel miner Crowflight

China's Jinchuan Group has made a C$150-million cash offer for Toronto-based Crowflight Minerals, which operates the Bucko Lake nickel mine in Canada's Manitoba province. Shares in the Canadian company jumped 41,18% on Tuesday morning, to C$0,24...

Crowflight halts Bucko Lake to complete development

TSX-listed Crowflight Minerals has announced it will immediately suspend all production and lay off employees at its Bucko Lake nickel mine, in Canada's Manitoba province. The company, which posted a C$2,9-million loss for the third quarter, said...

Mark Trevisiol new Crowflight CEO

TSX-listed Crowflight Minerals, which owns the Bucko Lake nickel mine, in Manitoba, Canada, has appointed Mark Trevisiol as president and CEO. He replaces Mike Kelly, who has resigned, Crowflight said on Friday, without saying why.

Avion wants to be consolidator in W Africa, targets 500 000 oz/y

Toronto-based Avion Resources, which started producing its first gold this year from operations in Mali, sees itself as a potential consolidator of gold assets in West Africa, and is aiming to reach annual production of half a million gold ounces...

B2Gold throws its hat in the ring for Central Sun

Vancouver-based explorer B2Gold Corp has announced a rival takeover offer for Central Sun Mining, which it said offered better value than a friendly tie-up proposed by Central Sun and fellow Canadian Linear Gold. B2Gold, which is exploring on...

Linear Gold, Central Sun plan 'aggressive growth' after merger

Canadian juniors Linear Gold and Central Sun Mining, which plan to merge to create a new mid-tier gold-miner, will use the financial muscle of the combined entity to seek further growth, Linear president and CEO Wade Dawe said on Tuesday....

Avion Resources upbeat loss-making Mali mine can be turned around

Toronto based Avion Resources hopes to be producing gold in Mali by the end of next year, after agreeing this week to buy the mothballed Tabakoto gold mine from fellow Canadian Nevsun Resources. Nevsun began production at Tabakoto in June 2006,...