Tag: #MX

Prize Mining re-designs its placement and will now raise C$10.75M

Prize Mining re-designs its placement and will now raise C$10.75M

Prize Mining (PRZ.V) has announced it has appointed a syndicate to distribute C$4M worth of the company’s current financing at C$0.15. To accommodate this demand, the company is cutting the size of its non-brokered financing from C$8M to C$6.75M, which will result in a total raise of C$10.75M by issuing […]

Rich copper mineralization from Ojitos Manto Cuprite (black) Malachite (green)

Prize Mining samples more high-grade copper at Manto Negro

Prize Mining (PRZ.V) has reported more assay results from the ongoing sampling program at the Manto Negro project in Mexico. As we explained in our previous report, this deposit is very similar to the well-known Kupferschiefer zones in Germany/Poland, and the Central African Copper Belt. The new samples emphasize the […]

Prize Mining finds more gold at Toughnut

Prize Mining finds more gold at Toughnut

Prize Mining (PRZ.V) has now received the final assay results from its 10 hole drill program at Toughnut, now a part of the Kena-Daylight gold project in British Columbia. According to the company, ‘significant gold intercepts’ were found in 9 of the 10 holes and newly-appointed CEO Michael McPhie (who […]

MX Gold will acquire 50% of a Mexican smelter

MX Gold will acquire 50% of a Mexican smelter

MX Gold (MXL.V) has announced it has entered into a binding agreement to acquire 50% of a private Mexican operation which owns the IDS project, with a gold smelter as its main asset. The smelter was built in 2014 to process high grade DSO from small-scale gold miners in the […]

Cyprium Mining has raised cash to jump-start its operations

Cyprium Mining has raised cash to jump-start its operations

Cyprium Mining (CUG.V) has signed an agreement with SC Strategy Consult whereby the latter will provide $4.5M in debt financing to Cyprium. The bonds will have an initial 3 year term and will bear an interest rate of 12.5%, payable in quarterly installments and Cyprium will also pay a royalty […]

Agnico Eagle will earn into Orex’ Barsele project

Agnico Eagle will earn into Orex’ Barsele project

Agnico Eagle Mines (AEM.TO, AEM) has announced it will enter in a joint venture with Orex Minerals (REX.V) whereby it can earn up to 70% in Orex’ Barsele gold project in Sweden. Agnico can earn an initial 55% by making cash payments to Orex totalling $10M of which $6M has […]