ALL NEWS RELEASES

  • Cameco Reports First Quarter Financial Results

    SASKATOON, SASKATCHEWAN--(Marketwired - April 29, 2016) - ALL AMOUNTS ARE STATED IN CDN $ (UNLESS NOTED) Results reflective of quiet market during the first quarter Maintaining annual delivery and cost of sales guidance Undertook restructuring activities to support the long-term health and sustainability of the company Continued success ramping up Cigar Lake Lower uranium production guidance due to operational changes at Rabbit Lake, US ISR and McArthur River/Key Lake Read More

  • Buenaventura Announces First Quarter 2016 Results

    LIMA, Peru--(BUSINESS WIRE)--Compañia de Minas Buenaventura S.A.A. (“Buenaventura” or “the Company”) (NYSE:BVN; Lima Stock Exchange:BUE.LM), Peru’s largest publicly-traded precious metals mining company, announced today results for the first quarter (“1Q16”) period ended March 31, 2016. All figures have been prepared in accordance with IFRS (International Financial Reporting Standards) on a non GAAP basis and are stated in U.S. dollars (US$). First Quarter 2016 Highlights: In 1Q16, Read More

  • Newmarket Gold Reports Strong First Quarter 2016 Financial Results; Essentially Debt-Free; Fosterville Delivers Record Production and Low AISC of US$723

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2016) - Newmarket Gold Inc. ("Newmarket" or the "Company") (TSX:NMI)(OTCQX:NMKTF) is pleased to announce financial results for the three months ended March 31, 2016. All figures are in United States ("U.S.") dollars, unless otherwise stated. Full Financial Statements and Management Discussion & Analysis documents can be found at www.sedar.com and the Company's website, www.newmarketgoldinc.com. First Quarter 2016 Highlights Strong Financial Position: Cash Read More

  • Columbus Gold Drills 35.1 Meters of 4.1 g/t Gold, Including 19.8 Meters of 6.91 g/t Gold and 97.3 g/t Silver, at Eastside, Nevada

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2016) - Columbus Gold Corp. (TSX:CGT)(OTCQX:CBGDF) ("Columbus") is pleased to report results of the first ten 2016 drill holes and of new geological work completed at its 100% owned Eastside gold project in Nevada. Highlights of the 2016 drilling include: ES-96 with 35.1 m of 4.1 g/t gold (including 19.8 m of 6.91 g/t gold and 97.3 g/t silver) ES-90 with 13.4 Read More

  • Seabridge Gold Announces Closing of C$8.7 Million Cross-Border Public Offering of Common Shares

    TORONTO, April 29, 2016 (GLOBE NEWSWIRE) -- Seabridge Gold Inc. (TSX:SEA)(NYSE:SA) (the “Company” or “Seabridge”) announced today that it has closed its previously announced cross-border public offering (the “Public Offering”) of common shares of the Company (the “Common Shares”). The Public Offering was completed by a syndicate of underwriters led by Canaccord Genuity Corp. and including National Bank Financial Inc. and Paradigm Capital Inc. (together, the “Underwriters”) Read More

  • Golden Minerals Reports First Quarter 2016 Results

    GOLDEN, Colo., April 29, 2016 /PRNewswire/ -- Golden Minerals Company ("Golden Minerals" or the "Company") (NYSE MKT: AUMN and TSX: AUM) announces results for the first quarter ended March 31, 2016. First Quarter Summary Revenue of (US)$1.5 million in the first quarter 2016 compared to $2.3 million in the first quarter 2015 Loss from operations of $2.3 million compared to a loss of $5.0 million in the Read More

  • Cascabel Exploration Update - Hole 16 Results Extend Alpala Central High Grade Mineralization

    OTTAWA, ONTARIO--(Marketwired - April 29, 2016) - Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSX VENTURE:CGP)(FRANKFURT:GWN)(BERLIN:GWN)(OTCBB:CTNXF) announces the following project update for the Cascabel copper-gold porphyry joint venture exploration project in northern Ecuador, in which the Company has a 15% interest financed through to completion of a feasibility study. SolGold Plc is funding 100% of the exploration at Cascabel and is the operator of the project. HIGHLIGHTS: Read More

  • Boliden’s Acquisition of Kevitsa Mine Approved by Competition Authorities

    BOLIDEN, Sweden--(BUSINESS WIRE)--Relevant competition authorities have approved Boliden’s acquisition of the nickel- and copper mine Kevitsa in Finland. With the approval from the competition authorities in Sweden, Finland and Germany, all external approvals required for closing the deal have been received. Boliden continues to work on the remaining details and the plan is to close the deal around 1 June 2016. “This acquisition is in line Read More

  • Avnel Gold Receives Approval of ESIA for the Kalana Main Project

    ST. PETER PORT, GUERNSEY--(Marketwired - April 29, 2016) - Avnel Gold Mining Limited ("Avnel" or the "Company") (TSX:AVK) is pleased to announce that the Environmental and Social Impact Assessment ("ESIA") and the associated Environmental and Social Management Plan ("ESMP") for the development of the Kalana Main Project has been approved by the Malian authorities. Approval of the ESIA was the key government approval required to advance the Kalana Read More

  • Canadian Metals Announces Positive Preliminary Economic Assessment of Langis Project

    MONTRÉAL, QUÉBEC--(Marketwired - April 28, 2016) - Canadian Metals Inc. (The "Corporation") (CSE:CME) is pleased to announce the results of a positive PEA study that was completed by Viridis.iQ GmbH in collaboration with GeoLogic, GeoForbes and Biofilia, respectively responsible for metallurgy and mineral processing, resource estimate and environmental. The PEA study demonstrates that the Project has robust economics and potential to become a profitable producer of silicon metal. Read More

  • Eloro Resources Announces $350,000 Financing

    TORONTO, ONTARIO--(Marketwired - April 29, 2016) - Eloro Resources Ltd. (TSX VENTURE:ELO)(FRANKFURT:P2Q) ("Eloro" or the "Corporation") is pleased to announce that it is proceeding with a non-brokered private placement (the "Private Placement") of up to 2,058,824 units of Eloro at a price of $0.17 per unit ("Units") for proceeds of up to $350,000. Each Unit will consist of one Common Share and one half of one Common Share Read More

  • Lago Dourado Minerals Ltd. Announces Private Placement Financing

    TORONTO, ONTARIO--(Marketwired - April 29, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Lago Dourado Minerals Ltd. ("Lago" or the "Company") (TSX VENTURE:LDM) is pleased to announce that it proposes to complete a non-brokered private placement (the "Offering") pursuant to which it will issue up to 12,000,000 subscription receipts ("Subscription Receipts") at a price of $0.10 per Subscription Receipt to Read More

  • Agnico Eagle Announces Election of Directors

    TORONTO, April 29, 2016 /CNW/ - Agnico Eagle Mines Limited (NYSE: AEM, TSX:AEM) ("Agnico Eagle" or the "Company") today announced that, at the annual and special meeting of shareholders held earlier today (the "Meeting"), each of the twelve nominees listed in the management information circular dated March 11, 2016 were elected as directors of Agnico Eagle. Detailed results of the vote are set out below: Nominee Votes Read More

  • Euromax Announces Non-Brokered Private Placement to the European Bank of Reconstruction and Development and Finalisation of Funding Package With Consolidated Contractors Company

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2016) - Euromax Resources Ltd. - (TSX VENTURE:EOX): ("Euromax" or the "Company"), is pleased to announce that it has entered into a convertible loan agreement (the "Convertible Loan Agreement") with the European Bank for Reconstruction and Development (the "EBRD") for an investment of US$5 million in respect of funding of the ongoing pre-development of the Ilovica project in the FYR Macedonia. Euromax is Read More

  • Monarques Considering Various Ore Processing Scenarios for Croinor

    QUEBEC CITY, QUEBEC--(Marketwired - April 29, 2016) - MONARQUES GOLD CORP. ("Monarques" or the "Corporation") (TSX VENTURE:MQR)(FRANKFURT:MR7) is pleased to announce that given the improvement in the gold price in recent months, it is considering various options for putting the Croinor mine project into production. In view of this, Monarques is continuing to assess various processing scenarios for the ore from the future Croinor mine, including custom milling Read More

  • Harte Gold Announces Final Closing Under Private Placement

    TORONTO, ONTARIO--(Marketwired - April 29, 2016) - HARTE GOLD CORP. ("Harte Gold") (TSX:HRT)(OTC:HRTFF)(FRANKFURT:H4O) has raised gross proceeds of $2,000,000 including $200,000 pursuant to the closing today (previous closing March 31, 2016 & April 20, 2016), of a non-brokered private placement of 10,000,000 Flow-Through Units ("FT Units") priced at $0.20 for gross proceeds of $2,000,000. Harte Gold issued 1,000,000 FT Units at $0.20 per FT Unit. Each FT Unit Read More

  • GPM Metals Inc. Announces Amended Private Placement

    TORONTO, ON--(Marketwired - April 29, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. GPM Metals Inc. ("GPM" or the "Company") (TSX VENTURE: GPM) announces today that it has amended the terms of its proposed non-brokered private placement (the "Offering") that was previously announced on April 18, 2016, which will now consist of up to 25,000,000 special warrants ("Special Warrants") at Read More

  • Colibri Announces Closing of Non-Brokered Private Placement

    VANCOUVER, April 29, 2016 /CNW/ - Colibri Resource Corporation ("Colibri" or the "Company") (TSX.V-CBI) is pleased to announce that it has closed its previously announced non-brokered private placement (the "Private Placement") of 1,600,000 units (each, an "Unit") for total proceeds of up to $80,000 at $0.05 per Unit. Each Unit comprises of one common share of the Company (a "Share") and one whole warrant to purchase an Read More

  • Gold and copper discoveries on Finlay's Pil Property in the Toodoggone Region, BC

    VANCOUVER, April 29, 2016 /CNW/ - Finlay Minerals Ltd. (TSXV:FYL) ("The Company") is pleased to report exploration results at its Pil Property in the Toodoggone Region of northern British Columbia. In late 2015 the Company conducted a short program of prospecting along with soil and rock sampling in the Pillar East Zone of the Company's 100% owned Pil property. Access to the property was via helicopter from Read More

  • Tsodilo Resources Limited Closes Private Placement Financing

    Toronto, Ontario (FSCwire) - Tsodilo Resources Limited (TSX Venture Exchange: TSD) (the "Tsodilo" or the "Company") is pleased to announce that it has closed the Private Placement Financing (the "Financing') previously announced on April 26, 2016, for gross proceeds to the Company of CDN $605,369. The Financing is for 1,008,948 units of the Company (the "Units"). Each Unit is comprised of one common share priced at CDN Read More

  • Platinum Group Metals Files Waterberg Project Technical Report

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2016) - Platinum Group Metals Ltd. (TSX:PTM)(NYSE MKT:PLG) ("Platinum Group Metals" or the "Company") reports that further to its news release dated April 19, 2016 announcing an updated independent resource estimate on the Company's 58.62% interest in the Waterberg Project located in the Bushveld Igneous Complex, South Africa, it has today filed the associated National Instrument 43-101 technical report. The report is Read More

  • Redstar Gold Closes Non-Brokered Private Placement

    TheNewswire / April 29, 2016 - Redstar Gold Corp. (TSX.V: RGC, US: RGCTF, FRA: RGG) ("Redstar" or the "Company") is pleased to announce that, further to its news release dated April 21, 2016, the Company has closed a non-brokered private placement of 19,085,200 units at a price of $0.06 per unit to raise gross proceeds of $1,145,112. Each unit consisted of one common share and one common share Read More

  • Southern Silver Announces Equity Financing for Oro Gold Project Drill Program, New Mexico

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2016) - Southern Silver Exploration Corp. ("Southern Silver") (TSX VENTURE:SSV)(FRANKFURT:SEG1)(SSE:SSVCL) plans to issue up to 10,000,000 units ("Units") in a non-brokered private placement at a price of $0.10 per Unit to raise $1,000,000. Each Unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of five years Read More

  • Northquest Ltd. Announces Postponement of Special Meeting of Shareholders Until June 22, 2016

    TORONTO, ONTARIO--(Marketwired - April 29, 2016) - Northquest Ltd. (TSX VENTURE:NQ)(FRANKFURT:N3Q) ("Northquest" or "the Company") announced on January 8, 2016 that the Company had called a special meeting of shareholders of the Company (the "Meeting") to be held on May 2, 2016. The Meeting was called as a result of a requisition by Nord Gold N.V. ("Nordgold") received by the Company on December 18, 2015 whereby Nordgold requested Read More

  • Yorbeau Closes Final Tranches of Private Placements

    MONTREAL, QUEBEC--(Marketwired - April 29, 2016) - Yorbeau Resources Inc. (the "Company") (TSX:YRB.A) is pleased to announce that it has completed an additional and final tranche of its previously announced private placement (see press release dated March 11, 2016) by issuing an additional 1,428,572 units at a price of $0.07 per unit for gross proceeds of $100,000. The Company has raised total gross proceeds of $850,000 under this Read More

  • Samco Gold Releases Its Financial Statements and Management's Discussion & Analysis for the Year Ended December 31, 2015

    TORONTO, ONTARIO--(Marketwired - April 29, 2016) - Samco Gold Limited (TSX VENTURE:SGA) ("Samco Gold" or the "Company") today released its Audited Consolidated Financial Statements and related Management's Discussion & Analysis ("MD&A") for the year ended December 31, 2015. These Financial Statements and MD&A are available at the Company's website and at its profile on the SEDAR website at www.sedar.com. About Samco Gold Limited Samco Gold's principal business has Read More

  • Belvedere Resources: Default Announcement Pursuant to National Policy 12-203

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2016) - Belvedere Resources Ltd. (TSX VENTURE:BEL) (the "Company") announces that it does not anticipate being in a position to file its audited annual financial statements (the "Statements"), management's discussion and analysis and related certifications for the fiscal year ended December 31, 2015 (the "Required Records") on or before April 30, 2016, as required, due to difficulties under recent prevailing market conditions Read More

  • Darnley Bay Announces Increase in Size of Private Placement and Entering Into Definitive Option Agreement

    TORONTO, ONTARIO--(Marketwired - April 29, 2016) - Darnley Bay Resources Limited (TSX VENTURE:DBL) ("Darnley" or the "Company") announces an increase to the size of its previously announced non-brokered private placement in an amount of $25,000 for aggregate gross proceeds of up to $325,000 (the "Offering"). The Offering will now be up to 13,000,000 units at a price of $0.025 per unit ("Unit"). Each Unit will consist of one Read More

  • Uravan Announces Private Placement

    CALGARY, April 29, 2016 /CNW/ - Uravan Minerals Inc. ("Uravan" or the "Corporation") is pleased to announce that, subject to regulatory approvals, it intends to issue pursuant to a non-brokered private placement up to 2,000,000 units ("Units") at a price of $0.10 per Unit and up to 670,000 common shares of the Corporation issued on a "CEE flow-through" basis pursuant to the Income Tax Act (Canada) ("Flow-Through Read More

  • Tartisan Resources Corp. Seeks to Raise Additional Capital via Private Placement

    Toronto, Ontario (FSCwire) - Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”) is pleased to announce a proposed Private Placement. Private Placement Tartisan Resources Corp. is seeking to raise up to $CDN 200,000 via non-brokered private-placement. The Company intends to issue 4 million units at CDN $0.05 cents per unit with a full warrant at CDN $0.10 cents, expiring 24 months from date of closing of Read More

  • Royal Road Minerals Announces Resignation of Director

    Toronto, Ontario--(Newsfile Corp. - April 29, 2016) - Royal Road Minerals Limited (TSXV: RYR) ("Royal Road Minerals" or the "Company"), a gold focused mineral exploration and development company, announces with regret, that Mr Hugh Devlin has resigned from the Board of Directors due to ill-health. "Hugh Devlin was a co-founder of Royal Road Minerals and of Lydian International" stated Tim Coughlin, Royal Road Minerals' President and CEO. "Hugh Read More

  • Wallbridge Announces Private Placement and Signing a Cooperation Agreement

    TORONTO, April 29, 2016 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wallbridge") is pleased to announce that it completed a non-brokered private placement of an aggregate of 11,700,000 units in the capital of Wallbridge (the "Units") at $0.05 (Canadian) per Unit raising aggregate proceeds of $585,000 (collectively, the "Offering"). The gross proceeds of the Units sold under the Offering will be used for general working Read More

  • Teck Reports Voting Results From Annual General Meeting

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2016) - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") announced today, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual General Meeting held Wednesday April 27, 2016 in Vancouver, British Columbia. A total of 7,906,959 Class A common shares and 392,780,107 Class B subordinate voting shares were voted at the meeting, representing 78.8% of the Read More

  • UPDATED Q1 2016 Financial and Operational Results Release Date and Conference Call

    VANCOUVER, April 29, 2016 /CNW/ - Eldorado Gold Corporation will now release its Q1 2016 Financial Results after the market closes on Wednesday, May 11, 2016. Paul Wright, President and Chief Executive Officer of the Company, will host a conference call on Thursday, May 12, 2016 at 8:30 am PT (11:30 AM ET). The call will be webcast and can be accessed at Eldorado Gold's website: www.eldoradogold.com Read More

  • Wesdome closes C$17 million bought deal financing

    TORONTO, April 29, 2016 /CNW/ - Wesdome Gold Mines Ltd. (TSX:WDO)("Wesdome" or the "Company") is pleased to announce that it has closed its previously announced public offering (the "Offering") of 10,465,000 common shares ("Common Shares") at a price of C$1.65 per Common Share, for total gross proceeds of C$17,267,250, including the exercise in full of the over-allotment option by the underwriters. The Common Shares were sold pursuant Read More

  • Probe Metals Acquires Ivanhoe Property, Ontario

    TORONTO, ONTARIO--(Marketwired - April 29, 2016) - Probe Metals Inc. (TSX VENTURE:PRB) ("Probe" or the "Company") is pleased to announce that the Company has acquired 100% of the Ivanhoe property (the "Property") held by Larry Gervais and Glen Shalton (the "Vendors") and optioned by GTA Resources and Mining Inc. ("GTA") in April 2014. The Property represents a land package of approximately 130 square kilometres and is located proximal Read More

  • GTA Vends Ivanhoe Property to Probe Metals

    BURLINGTON, ONTARIO--(Marketwired - April 29, 2016) - THIS PRESS RELEASE IS NOT, AND IS NOT TO BE CONSTRUED IN ANY WAY AS, AN OFFER TO BUY OR SELL SECURITIES IN THE UNITED STATES. GTA Resources and Mining Inc. (TSX VENTURE:GTA) announces the sale of its entire interest in the Ivanhoe property in northern Ontario to Probe Metals Inc (TSX: "PRB"). GTA had held the property under option from Read More

  • Western Uranium Corporation Announces the Initial Closing of Non-Brokered Private Placement of Up to Cdn$500,000 With 50% Overallotment

    TORONTO, ONTARIO and NUCLA, COLORADO--(Marketwired - April 29, 2016) - Western Uranium Corporation (CSE:WUC)(OTC PINK:WSTRF) ('Western' or the 'Company') is pleased to announce that further to its news release dated April 4, 2016, it has completed an initial Closing of Cdn.$680,760 of its non-brokered private placement (the "Offering") of 400,447 units (the "Units"), subject to final approval from the Canadian Securities Exchange. The Company issued 400,447 Units at Read More

  • Eastmain Resources Announces Management Changes

    TORONTO, ONTARIO--(Marketwired - April 29, 2016) - Eastmain Resources Inc. ("Eastmain" or the "Company") (TSX:ER) announced today that further to its previously announced succession process, Mr. Claude Lemasson has been appointed as President and Chief Executive Officer (Interim) effective April 28, 2016. Mr. Lemasson, a highly skilled mining professional with nearly 30 years of mine development and operational experience, is the former General Manager Projects, Canada and U.S., Read More

  • Castle Resources Announces Closing of Debt Restructuring

    TORONTO, ONTARIO--(Marketwired - April 29, 2016) - Castle Resources Inc. (CSE:CRI) ("Castle" or the "Company") is pleased to announce that it has closed the comprehensive debt restructuring proposal regarding certain outstanding indebtedness of the Company on the terms as announced on March 16, 2016. The transaction was closed with Drake Private Investments, LLC ("Drake"), a "control person" of the Company, as such term is defined in the Securities Read More

  • Purepoint Uranium Group Inc. Closes Second Tranche of Private Placement

    Toronto, Ontario--(Newsfile Corp. - April 29, 2016) - Purepoint Uranium Group Inc. (TSXV: PTU) (the "Company") is pleased to announced the closing of the second tranche of the previously announced non-brokered private placement for gross proceeds of $1,139,800. The Company issued 10,984,000 common share units at a price of $0.075 per unit and 3,717,650 flow-through units at a price of $0.085 per unit. Each common share unit consists Read More

  • Cyprium Mining Corporation announces closing of private placement and other corporate transactions

    MONTREAL, April 28, 2016 /CNW/ - Cyprium Mining Corporation (TSXV: CUG) ("Cyprium" or the "Company") is pleased to announce that it has completed a second closing of its previously announced private placement of up to 8,000,000 units (the "Units") at a price of $0.065 per Unit for gross proceeds of up to $520,000 (the "Offering"). In this closing, Cyprium issued 2,300,000 Units for gross proceeds of $149,500 Read More

  • Silver Range Resources Ltd. Announces the Granting Of an Incentive Stock Option and the Surrender for Cancellation of Certain Previously Granted Incentive Stock Options

    Vancouver, British Columbia (FSCwire) - Silver Range Resources Ltd. (TSX-V:SNG) (“Silver Range”) announces that it has granted an incentive stock option to its new President and Chief Executive Officer Michael Power, P. Geo., entitling him to purchase up to a total of 450,000 common shares at a price of $0.13 for a period of five years, which option will vest on a quarterly basis commencing three months Read More

  • Meadow Bay Gold Closes Private Placement And Announces Increase In Size Of Private Placement Subject To Shareholder Approval

    Vancouver, BC / TheNewswire / April 29, 2016 Meadow Bay Gold Corporation ("Meadow Bay Gold" or the "Company") (TSX: MAY) (OTCQB: MAYGF) (Frankfurt: 20M, WKN A1C3DN) is pleased to announce the closing of a non-brokered private placement financing (the "Private Placement") consisting of the sale of 4,076,668 units ("Units") at a price of $0.06 per Unit, raising gross proceeds of $244,600.08. Each Unit consists of one common share Read More

  • King’s Bay Gold Corporation Announces Closing of Private Placement

    Vancouver, British Columbia (FSCwire) - Kings Bay Gold Corporation (TSXv: KBG) (“King’s Bay” or the “Company”) announces that it has closed a private placement of 153,834,320 shares at a price of $0.005 per share for proceeds of $771,671.60. The shares issued pursuant to the private placement are subject to a statutory hold period expiring four months and one day after August 27, 2016. Insiders of the Company Read More

  • Northern Graphite Grants Stock Options

    OTAWA, ONTARIO--(Marketwired - April 29, 2016) - Northern Graphite Corporation (TSX VENTURE:NGC) ("Northern" or the "Corporation") announces that subsequent to the recent expiration (on April 18, 2016) of stock options to purchase 2,025,000 common shares of the Corporation at a price of $0.50 per share held by certain senior officers and non-executive directors of the Corporation, it has granted stock options to purchase 3,050,000 common shares of the Read More

  • Komet Resources Inc.: Closing of the First Tranche of a Private Placement

    QUEBEC CITY, QUEBEC--(Marketwired - April 29, 2016) - Komet Resources Inc. (TSX VENTURE:KMT) ("Komet" or the "Corporation") is pleased to announce that it has closed the first tranche of a non-brokered private placement with accredited investors as well as with directors of Komet (the "Insiders") by issuing 1,820,846 units (the "Units") at a price of $0.33 per Unit, for total gross proceeds to Komet of $600,879.13. Each Unit Read More

  • Duran Announces Share Consolidation

    TORONTO, ONTARIO--(Marketwired - April 29, 2016) - Duran Ventures Inc. (TSX VENTURE:DRV)(LMA:DRV) ("Duran" or the "Company"), further to its press releases of March 17, 2016 and April 8, 2016, announces that the TSX Venture Exchange (TSXVE") has approved a share consolidation of the Company's issued and outstanding common shares (the "Consolidation"). The Board of Directors of the Company has determined, in accordance with the special resolution approved by Read More

  • Hudbay Announces First Quarter 2016 Results

    TORONTO, ON--(Marketwired - April 28, 2016) - HudBay Minerals Inc. ("Hudbay" or the "company") (TSX: HBM) (NYSE: HBM) today released its first quarter 2016 financial results. All amounts are in US dollars, unless otherwise noted. Summary: Over 150% growth in copper production compared to the first quarter of 2015 Continued ongoing cost reduction efforts and economies of scale resulting in consolidated cash cost, net of by-product credits, of Read More

  • First Quantum Minerals Reports First Quarter 2016 Results

    TORONTO, ONTARIO--(Marketwired - April 28, 2016) - (In United States dollars, except where noted otherwise) First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM)(LSE:FQM) today announced comparative earnings1 of $63 million ($0.09 per share) and cash flows from continuing operating activities2 of $254 million ($0.37 per share1) for the three months ended March 31, 2016. FIRST QUARTER 2016 HIGHLIGHTS2 Achieved the highest quarterly copper production and sales Read More

  • Agnico Eagle Reports First Quarter 2016 Operating and Financial Results - Continued Strong Operational Performance - Amaruq, El Barqueno and Barsele Drill Programs Yield Positive Results

    TORONTO, April 28, 2016 /CNW/ - Agnico Eagle Mines Limited (NYSE: AEM, TSX:AEM) ("Agnico Eagle" or the "Company") today reported quarterly net income of $27.8 million, or $0.13 per share, for the first quarter of 2016. This result includes unrealized gains on financial instruments of $9.6 million ($0.04 per share), non-cash foreign currency translation gains on deferred tax liabilities of $8.0 million ($0.04 per share), non-cash foreign Read More

  • B2Gold Corp. Reports Quarterly Gold Production for First Quarter 2016

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 27, 2016) - B2Gold Corp. (TSX:BTO)(NYSE MKT:BTG)(NAMIBIAN:B2G) ("B2Gold" or the "Company") is pleased to announce its gold production and revenue for the first quarter of 2016. All dollar figures are in United States dollars unless otherwise indicated. 2016 First Quarter Highlights Consolidated gold production of 127,844 ounces; 10% greater than in the same period in 2015 and 8,966 ounces better than budget Gold Read More

  • OceanaGold achieves record quarterly gold production in the first quarter 2016

    MELBOURNE, April 28, 2016 /CNW/ - OceanaGold Corporation (TSX/ASX/NZX: OGC) (the "Company") is pleased to release its first quarter 2016 financial and operational results for the quarter ended 31 March 2016. Details of the consolidated financial statements and the Management Discussion and Analysis ("MD&A") are available on the Company's website at www.oceanagold.com Key Highlights Reduced the Total Recordable Injury Frequency Rate to 2.57 per million man hours Read More

  • Golden Star Resources Announces US$15 Million Bought Deal Financing

    TORONTO, ONTARIO--(Marketwired - April 28, 2016) - Golden Star Resources Ltd. (NYSE MKT:GSS)(TSX:GSC)(GHANA:GSR) ("Golden Star" or the "Company") has announced today that it has entered into an agreement with BMO Capital Markets (the "Underwriter"), under which BMO Capital Markets has agreed to buy on bought deal basis 22,750,000 common shares (the "Common Shares"), at a price of US$0.66 per Common Share for gross proceeds of approximately US$15 million Read More

  • NOVAGOLD Reports on Permitting Process at Donlin Gold

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 28, 2016) - NOVAGOLD RESOURCES INC. (TSX:NG)(NYSE MKT:NG) is pleased to provide an update on its permitting activities regarding the Donlin Gold project. Permitting of the Donlin Gold project and associated key infrastructure commenced in 2012, a process well advanced into the expected time frame of approximately five years under the National Environmental Policy Act (NEPA). Donlin Gold continues to work closely with Read More

  • SilverCrest Announces Additional High Grade Underground Results At Las Chispas; Commencement of Surface Drilling Program

    VANCOUVER, April 28, 2016 /CNW/ - SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce additional results from the underground channel sampling program and the commencement of a surface drilling program at its Las Chispas Project ("Las Chispas") located in Sonora, Mexico, as previously announced on March 2, 2016. Las Chispas is in a prolific mining area with nearby precious metal producers. Historical reports indicate Read More

  • UEX Announces $4.0 Million "Flow-Through" Private Placement

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  • 1

VANCOUVER, Aug. 11, 2015 /CNW/ - Kootenay Silver Inc. ("Kootenay" or the "Company") (TSX Venture: KTN.V) is pleased to announce that, further to its press release dated July 16, 2015, it has closed the initial tranche of its non-brokered private placement (the "Private Placement") and issued an aggregate of 3,586,500 units (each a "Unit") at a purchase price of $0.30 per Unit raising gross proceeds to the Company of $1,075,950. The Company anticipates closing the balance of the Private Placement shortly and will provide an update in due course. 

Each Unit consists of one common share ("Common Share") and one transferable share purchase warrant ("Warrant") of Kootenay. Each Warrant entitles the holder to acquire one Common Share at an exercise price of $0.55 until August 10, 2017.   Upon approval by the TSX Venture Exchange, cash finder's fees to arm's length parties totaling $7,110 and the issuance of 96,000 finders units (the "Finders Units"), have been paid on this portion of the Private Placement.  The Finders Units consist of one Common Share and one non-transferable common share purchase Warrant. All securities issued in connection with the Private Placement are subject to a hold period which expires on December 11, 2015.

The net proceeds from the Private Placement will be used to finance additional work on Kootenay's Promontorio property, which includes the new La Negra Breccia discovery, its other properties and for general working capital.

The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

La Negra Silver Discovery

The La Negra Breccia prospect is situated approx. 6.5 kms north of Kootenay's Promontorio silver mineral resource property in Sonora, Mexico and is contained within a 25 x 15 km mineralized corridor, the 'Promontorio Mineral Belt.' Initial exploration on La Negra included a successful trenching and surface sampling program that confirmed extensive silver mineralization over a large 100 to 200 meters by 500 meters area on surface. (See news releases from May 28th and June 5th, 2014 for more details). A follow up Phase I drill program on La Negra returned significant and consistent intervals of high grade, widespread silver mineralization extending from surface to depth, confirming a substantial new silver discovery.

Results from a recent Phase II drilling program on La Negra have further confirmed the continuity of silver grades and the consistency of silver mineralization to depth within the core of the diatreme breccia. (See news releases from March 31st, April 30th and May 20th, 2015 for more details). This has set the stage for the advanced future development of La Negra and reinforces its future potential as a low-cost, open pittable silver resource. At present, drill results from the program are being compiled and collated in a 3D model showing the geologic controls and assay results. This compilation will be used to design the next drill phase, which is expected to be announced in the near future.

To view full results of the sampling and drill program on the La Negra property, visit: www.kootenaysilver.com

The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay.

ABOUT KOOTENAY

Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. Kootenay's objective is to develop near term discoveries and long-term sustainable growth. Its management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries while maintaining minimal share dilution.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: The information in this news release has been prepared as at August 10, 2015.  Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" under the provisions of Canadian provincial securities laws.  These statements can be identified by the use of words such as "expected", "may", "will" or similar terms.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Kootenay as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies.  Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements.  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made.  Except as otherwise required by law, Kootenay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Kootenay's expectations or any change in events, conditions or circumstances on which any such statement is based. More particularly, this release contains statements concerning the closing of the balance of the Private Placement and the commencement of the next phase of a drilling program on the La Negra property. Accordingly, there is a risk that the Private Placement will not be completely sold, completed within the anticipated time or at all, and that the drilling program will not be commenced or completed as currently contemplated.. 

Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, the completion of the Private Placement, the proposed use of the proceeds of the Private Placement, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

This press release uses the terms "Measured", "Indicated", and "Inferred" resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of a Mineral Resource is economically or legally mineable.

SOURCE Kootenay Silver Inc.

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FEATURED JUNIOR

Goldrich Mining Company

Exchange/Ticker: OTCQB: GRMC
Main Asset: Chandalar Gold District
Stage:
 Production/Exploration
Operating Region: U.S./Alaska
Profile: Goldrich Mining is a U.S. based resource company focused on developing the historic Chandalar gold district in the Ambler Schist belt of central Alaska. Goldrich controls a land package that covers over 22,000 acres of prospective targets and historic mines. The Company is building shareholder value by monetizing placer assets, generating non-dilutive funds, and conducting district-scale exploration... VIEW FULL PROFILE