Month: August 2014

Chesser Resources plans to sell its Turkish gold assets

Chesser Resources plans to sell its Turkish gold assets

Chesser Resources (ASX:CHZ) has announced it received an offer of $40M for its Kestanelik gold project in northwest Turkey. This is an interesting fact as it looks like the local Turkish companies are re-discovering the mining sector, as the proposal was made by Nurol Holdings, a Turkish industrial conglomerate. As […]

Eagle Hill has started another 2,800 meter drill program

Eagle Hill has started another 2,800 meter drill program

Eagle Hill Exploration (EAG.V) has announced it is currently conducting a 2,800 meter drill program on its Windfall gold project in Québec, Canada. This program will drill-test the project and the company’s geologists are hoping to find extensions of the mineralization at depth, below the Main Zone of the property. […]

Nevada Copper closes bridge loan

Nevada Copper closes bridge loan

Nevada Copper (NCU.TO) has announced it has signed an agreement with Pala Investments whereby Pala will provide a bridge loan of $20M which will mature in 4 months from now. The interest rate of the facility is 10% and a 2.7% arrangement fee will be due. An interest rate of […]

Revett Mining signs $5M equipment finance agreement

Revett Mining signs $5M equipment finance agreement

Revett Mining (RVM.TO, NYSEMKT:RVM) announced it has signed an agreement with a major equipment financing company which lends Revett $5M with the company’s underground and some of its surface equipment as collateral. We think this is a good agreement as it allows Revett to raise $5M in a non-dilutive way […]

Boring is good: Detour Gold’s Q2 financial results

Boring is good: Detour Gold’s Q2 financial results

Detour Gold (DGC.TO) has announced its financial results for the second quarter of this year and there are no surprises as the production came in at 117,000 ounces of gold. The ramp-up is going a bit slow as the company has revised its production guidance to 450,000-480,000 ounces of gold, […]

We support BC Iron’s offer for Iron Ore Holdings

We support BC Iron’s offer for Iron Ore Holdings

Our long-time favorite Iron Ore Holdings (ASX:IOH) has received buyout offer from competitor BC Iron (ASX:BCI) which is currently producing 4.5M wmt per year from its 75% owned Nullagine project, with Fortescue Metals (ASX:FMG) owning the balance of the project. As the offer is being made in cash and shares […]

Energia updates exploration target at Gorno

Energia updates exploration target at Gorno

Energia Minerals (ASX:EMX) has increased its total exploration target on the Gorno zinc project in Italy to 6-10 million tonnes at an average grade of 7-10% ZnPb as it has discovered a new prospect on the land package. Even though a grade of 7-10% ZnPb is very respectable, keep in […]

Atlas Iron has lowered its production cost

Atlas Iron has lowered its production cost

Atlas Iron (ASX:AGO) will break with the past and is entering a period of low(er) sustaining capital expenditures which will have an important impact on the company’s all-in sustaining cost per tonne of ore and thus its bottom line. Additionally, the company expects its moisture content to drop from 6.3% […]

Osisko Gold Royalties is investing in NioGold

Osisko Gold Royalties is investing in NioGold

NioGold (NOX.V) has announced what might be a pivotal financing deal as it has secured Osisko Gold Royalties (OR.TO) as a new shareholder. Osisko is buying 14 million flow-through shares at a price of C$0.35 which is a big premium over the share price right before the deal was announced. […]

Dunav increases resources and merges with Avala Resources

Dunav increases resources and merges with Avala Resources

Dunav Resources (DNV.V) has announced a resource update on its Kiseljak and Yellow Creek deposits in Serbia. The total resource estimate now stands at 2.8 billion pounds of copper and 2.2 million ounces of gold. The grade is relatively low (even for a copper-gold porphyry target) at 0.23% Cu and […]

Syndicated Metals has upgraded the resource estimate at Barbara

Syndicated Metals has upgraded the resource estimate at Barbara

Syndicated Metals (ASX:SMD) has released its anticipated updated resource estimate at its Barbara copper project in North Queensland, Australia. The total resource estimate (in the indicated and inferred categories) now stands at 166 million pounds of copper, almost 23,000 ounces of gold and 400,000 ounces of silver, as well as […]