Gold debt funding soared in March, April – MEG

While junior and intermediate mining companies raised 17% more capital in March and April compared with the first two months of the year, increasingly tough markets will likely choke off some exploration work, Halifax, Nova Scotia-based Metals...

'When, not if' for $2 000/oz gold – Coxe

The rout in gold stocks in recent weeks has been “truly stunning”, with investors rushing out of them in a near-manic fashion, but BMO Financial Group strategy adviser Don Coxe continues to believe their fortunes will change. “When (not if)...

Mexico gold output seen topping 100 t/y by ’17 on hefty new discoveries

Better known as the world’s biggest silver producer, Mexico may soon deliver the next ‘mega’ gold deposits, with explorers Newstrike Capital and Westridge Resources reporting significant resources at their targets. The North American state...

NovaGold shareholders OK copper spin-out

TSX-listed NovaGold shareholders on Wednesday gave a big thumbs up to the spinout of NovaCopper, with less than 1% of them voting against the deal at a meeting in Vancouver. The deal, first announced in November, is expected to close by the end...

New Gold implements rights plan

New Gold, which mines the yellow metal in the US, Mexico and Australia, has adopted a new plan to protect shareholder interests in the event of a hostile takeover bid, the company said on Monday. The TSX- and Amex-listed company said the...

PDAC fast approaching, promoters will have to fight for funding

Ask a junior mining company about the current hardships of trying to raise big money to build a project, and metaphors involving drawing blood from stones might ensue. It should come as no surprise then that Halifax, Nova Scotia-based Metals...

Lake Shore gets upbeat PEA for Timmins West

Shares in Lake Shore Gold got a lift on Tuesday, after the company divulged the results of an early study into the potential economics of producing the yellow metal at its Timmins West project in Northern Ontario. The preliminary economic...

Pretium supersizes Brucejack project in updated PEA

Gold junior Pretium Resources on Wednesday unveiled the results of an updated scoping study, which outlines a much bigger mine at the Brucejack project in northern British Columbia. The asset will churn out an average 325 000 oz of the yellow...

Goldcorp Q4 adjusted earnings up 23%

Goldcorp, one of the world’s biggest producers of the yellow metal, on Wednesday said net earnings for the December quarter fell 27% to $405-million, as a result of certain noncash items. On an adjusted basis, profit rose 23% to $531-million,...

St Andrews Goldfields takes off on Trapeze valuation comments

Shares in St Andrews Goldfields, which produces the yellow metal from three mines near Timmins, gained over 20% this week, after its biggest shareholder called the company “ridiculously undervalued”, and investors anticipated good news when...

Late 2011 retreat could signal sustained rises for gold price – WGC

Gold-backed exchange-traded funds added 153 t of the yellow metal in 2011, with nearly half of this occurring between September and December, the World Gold Council (WGC) said on Monday in its quarterly commentary. The industry body also sounded...

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,...