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Erdene Secures $2.5 Million Financing to Advance Development Programs for Gold Projects in Mongolia
April 12, 2016
Erdene Resource Development Corp. has signed financing agreements with Sandstorm Gold Ltd. that provide total consideration of C$2.5 million to Erdene to advance exploration and development programs on the company’s gold projects in southwest Mongolia. The transaction provides funding to
MNG Acquires Golden Rim Resources’ Balogo Project for $4 Million, Burkina Faso
April 12, 2016
Golden Rim Resources Ltd’s cash balance received a fillip of A$4 million after completing the sale of the Balogo Project in Burkina Faso to the MNG Group of companies (MNG). Golden Rim’s cash balance is now A$7.5 million, and the
True Gold Begins Gold Production at Karma Gold Mine, West Africa
April 12, 2016
True Gold Mining Inc. has achieved first production at the Karma gold mine on April 11, 2016, a few weeks following the start of leaching of ore. “Today is a great achievement for everyone that has been involved in building
Endeavour Mining Starts Construction of Its Hounde Gold Project, Burkina Faso
April 12, 2016
Endeavour Mining has entered the construction phase of development at its 90 percent-owned Houndé Project in Burkina Faso. The Houndé Project is expected to deliver average production of 190,000 ounces per year over a 10-year mine life at an AISC
Hastings Raises $9.6 Million After Promising PFS for Its Yangibana Rare Earths Project, Australia
April 12, 2016
Hastings Technology Metals Ltd’s share price surged 21.79 percent today after the company receiving firm commitments to raise $9.6 million from a primary share placement struck at a 28 percent premium to last sale price. The raising found heavy demand
Dundee Precious Metals Acquires Serbia-based Avala Resources
April 11, 2016
Avala Resources Ltd. and Dundee Precious Metals Inc. have successfully completed the plan of arrangement under the Business Corporations Act (British Columbia) pursuant to which DPM, through a wholly-owned subsidiary (Acquisitionco), acquired all of the issued and outstanding common shares
Euromax Secures $30 Million for Construction of Its Ilovica Copper-Gold Project, Macedonia
April 11, 2016
Euromax Resources Ltd. has entered into a term sheet for an investment of up to US$30 million and a strategic alliance with CC Mining S.A. (CCM) which is related to Consolidated Contractors Company Group (CCC Group), in respect of certain
Production to Start 2Q 2016 at Ariana Resources’ Red Rabbit Gold Mine, Turkey
April 8, 2016
Ariana Resources PLC’s partner in the Red Rabbit gold project, Proccea, now owns 42 percent of the joint venture having spent a further US$2.4mln over the past twelve months. Proccea has also committed to another US$2.1mln to take its final
Highfield Resources Confident of Environmental Clearance, Mining Concession for Muga Potash Project
April 8, 2016
Highfield Resources Ltd is hopeful of soon receiving an environmental impact declaration (DIA) followed by a mining concession from the Spanish government to begin construction at its Muga Potash Project in northern Spain. The Spanish central government’s Department of Agriculture,
Kibo Mining Completes Feasibility Study for Mbeya Coal to Power Project, Tanzania
April 8, 2016
Kibo Mining, the Tanzania focused mineral exploration and development company, has announced that the Mbeya Coal to Power Project, Definitive Power Feasibility Study work has been completed on schedule. The DPFS report is now subject to a review process. The
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