ALL NEWS RELEASES

  • Turquoise Hill Announces Financial Results and Review of Operations for the First Quarter of 2016

    VANCOUVER, BC--(Marketwired - May 05, 2016) - Turquoise Hill Resources today announced its financial results for the quarter ended March 31, 2016. All figures are in U.S. dollars unless otherwise stated. HIGHLIGHTS Oyu Tolgoi achieved an excellent safety performance with an All Injury Frequency Rate of 0.21 per 200,000 hours worked for the three months ended March 31, 2016. Oyu Tolgoi recorded revenue of $422.7 million in Q1'16, Read More

  • Sandstorm Gold Announces First Quarter Results

    VANCOUVER, May 5, 2016 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) has released its results for the first quarter ended March 31, 2016 (all figures in U.S. dollars). - FIRST QUARTER HIGHLIGHTS Attributable gold equivalent ounces sold1 of 11,381 ounces (Q1 2015 – 12,460 ounces); Revenue of $13.4 million (Q1 2015 - $15.3 million); Average cash cost per attributable gold equivalent ounce of Read More

  • Peregrine Announces Maiden Inferred Mineral Resource of 4.23 Million Carats in 5 Million Tonnes for the Top 240 Metres of the CH-7 Kimberlite

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2016) - Peregrine Diamonds Ltd. ("Peregrine" or "the Company") (TSX:PGD) is pleased to announce a maiden Inferred Mineral Resource estimate for the CH-7 kimberlite pipe at the Company's 100 percent owned Chidliak Diamond Project, Nunavut, Canada. Key elements of the announcement are: An Inferred Mineral Resource of 4.23 million carats of diamonds in 4.99 million tonnes of CH-7 kimberlite, to a depth Read More

  • NexGen Energy Ltd. - Hole AR-16-76c1 Returns 67.5 m at 11.29% U3O8 including 9.0 m at 51.35% U3O8 and 0.5 m at 79.80% U3O8

    VANCOUVER, May 5, 2016 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSXV:NXE, OTCQX:NXGEF) is pleased to report assay results for thirteen angled holes from our highly successful winter 2016 drilling program on our 100% owned, Rook I property, Athabasca Basin, Saskatchewan. Hole AR-16-76c1 has intersected 67.5 m at 11.29% U3O8 in the higher grade A2 sub-zone (the "Sub-Zone"). The intercept includes 9.0 m at 51.35% Read More

  • Stornoway Intersects Kimberlite at Adamantin Project

    LONGUEUIL, Quebec, May 05, 2016 (GLOBE NEWSWIRE) -- Stornoway Diamond Corporation (TSX:SWY); (the “Corporation” or “Stornoway”) is pleased to announce the discovery of kimberlite at its 100% owned Adamantin Project located approximately 100km south of the Renard Diamond Project and 25km west of the Route 167 Extension in north central Québec. To date 11 distinct kimberlite bodies have been identified, with intersections of up to 13.7 meters Read More

  • Richmont Mines' Exploration Drilling Continues to Intersect Significant Gold Mineralization at Island Gold Both Laterally and at Depth and Intersects 9.71 g/t Over 8.00 Metres at the Kremzar Mine Regional Target

    TORONTO, May 5, 2016 /CNW/ - Richmont Mines Inc. (TSX - NYSE MKT: RIC) ("Richmont" or the "Corporation"), is providing an update on the previously announced Island Gold exploration drilling program (Figure 1), which continues to demonstrate the significant potential of the cornerstone Island Gold Mine. The exploration drilling program commenced in September 2015 and is now focused on three key priorities: 1) Testing the lateral continuity of Read More

  • Results of voting at 2016 annual general meetings of Rio Tinto plc and Rio Tinto Limited

    The annual general meetings of Rio Tinto plc and Rio Tinto Limited were held on 14 April 2016 and 5 May 2016 respectively. All resolutions were passed by poll and the results are set out below. Under Rio Tinto's dual listed companies structure established in 1995, decisions on significant matters affecting shareholders of Rio Tinto plc and Rio Tinto Limited in similar ways are taken through Read More

  • McEwen Mining Q1 2016 Operating & Financial Results

    TORONTO, May 05, 2016 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce consolidated quarterly production of 37,958 gold equivalent ounces(1) and earnings from mining operations of $19.5 million(2)(3) for the three months ended March 31, 2016 (“Q1”). The El Gallo Mine in Mexico had an outstanding quarter, producing at total cash costs and all-in sustaining costs (“AISC”) per gold equivalent ounce of $432 Read More

  • Endeavour Silver Announces At-The-Market Offering of up to US$40 Million

    VANCOUVER, BC--(Marketwired - May 05, 2016) - Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) announces it has entered into a sales agreement dated May 5, 2016 (the "Sales Agreement") with Cowen and Company, LLC ("Cowen"), pursuant to which the Company may, at its discretion and from time-to-time during the term of the Sales Agreement, sell, through Cowen, as agent or principal, such number of common shares of the Read More

  • Kaminak Announces 2016 Coffee Gold Project Budget of $29.0 Million and Cash Proceeds of $14.4 Million from Warrants Exercise

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2016) - Kaminak Gold Corporation (TSX VENTURE:KAM) ("Kaminak" or the "Company") today announced that the Board of Directors has approved a $29.0 million, 2016 budget in support of its development-track Coffee Gold Project located 130 km south of Dawson City in Yukon Territory, Canada. The 2016 program will consist of environmental baseline, permitting and exploration activities designed to de-risk and advance the Read More

  • Claude Generates Adjusted Net Earnings of $9.1 Million in Q1

    SASKATOON, SASKATCHEWAN--(Marketwired - May 5, 2016) - Claude Resources Inc. (TSX:CRJ)(OTCQB:CLGRF) - (All dollar amounts are in Canadian dollars unless stated otherwise) Highlights: Seabee Gold Operation awarded the John T. Ryan safety award for 2015; Gold production of 20,672 ounces, the second highest quarterly production in Company history; All-in sustaining cost per ounce of gold sold (1) of $1,328 (U.S. $967); Adjusted earnings of $9.1 million, or $0.05 per Read More

  • MGX Minerals Closes Oversubscribed Private Placement for Alberta Lithium Project

    VANCOUVER, BRITISH COLUMBIA / TheNewswire / May 5, 2016 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG) is pleased to announce it has closed the previously announced non-brokered private placement (the "Private Placement") (see press release dated April 18, 2016). Due to over-subscribed demand the Company has raised gross proceeds of CA$615,000 through the issuance of 6,150,000 Units (the "Units"). Each Unit is comprised of Read More

  • Arizona Mining Expands Taylor Deposit with Step Out Drilling Including 61.5 Feet Grading 11.7% Zinc, 17.3% Lead And 9.3 Opt Silver in HDS-338 And 57 Feet Grading 22.6% Zinc, 23.0% Lead and 8.8 Opt Silver In HDS-339

    VANCOUVER, May 5, 2016 /CNW/ - Arizona Mining Inc. (TSX: AZ) ("Arizona Mining" or the "Company") is pleased to announce the results for the first two drill holes targeting the expansion of the Taylor Zn-Pb-Ag sulfide deposit located on its Hermosa Project in Santa Cruz County, Arizona USA. The drill holes, HDS-338 and HDS-339, are significant step outs from the resource announced on February 1, 2016 (see Read More

  • Dalradian Announces New Mineral Resource Statement for Curraghinalt, Including a 109% Increase in Measured & Indicated Gold Ounces

    TORONTO, ONTARIO--(Marketwired - May 5, 2016) - Dalradian Resources Inc. (TSX:DNA)(AIM:DALR) ("Dalradian" or the "Company") announces an updated mineral resource statement on the Curraghinalt gold deposit in Northern Ireland, including a 109% increase in gold ounces contained in the Measured and Indicated categories compared with the 2014 resource. As more drilling has been done and the confidence of the resources has increased, the grade has also increased. This Read More

  • Dundee Precious Metals' Shareholders Elect All 10 Nominees to the Board of Directors and 95% Support Executive Compensation Program

    TORONTO, ONTARIO--(Marketwired - May 5, 2016) - Dundee Precious Metals Inc. (TSX:DPM) (the "Company" or "DPM") held its Annual General Meeting of shareholders in Toronto today and is pleased to announce the results of voting. A total of 100,317,264 shares (approximately 71% of the outstanding common shares) were represented, in person or by proxy, demonstrating strong support for the election of its nominees as directors and for the Read More

  • Copper Lake Announces Agreement to Acquire Additional Interest in Marshall Lake Property

    TORONTO, ONTARIO--(Marketwired - May 5, 2016) - Copper Lake Resources Ltd. (TSX VENTURE:CPL)(FRANKFURT:W0I) ("Copper Lake" or the "Company") is pleased to announce that it has reached an agreement to acquire the 31.25% interest in the Marshall Lake property currently held by Marshall Lake Mining Limited ("MLMP"), a privately held UK based company. This acquisition will give Copper Lake a 68.75% interest in the property. In consideration, the Company Read More

  • Quest Announces Election of Directors

    MONTRÉAL, QUÉBEC--(Marketwired - May 5, 2016) - Quest Rare Minerals Ltd. (TSX:QRM) is pleased to announce that all of the nominees listed in its management proxy circular dated March 28, 2016, were re-elected as directors at Quest's annual and special meeting of shareholders held yesterday in Montreal. According to proxies received and ballots cast at the meeting, the following individuals were re-elected as directors of Quest, with the Read More

  • Alloycorp Files First Quarter Financials and Announces Share Issuance

    TORONTO, ON--(Marketwired - May 05, 2016) - Alloycorp Mining Inc. (TSX VENTURE: AVT) ("Alloycorp" or the "Company") announced today that it has filed financial statements and related management's discussion and analysis for the first quarter of 2016. Both are available under the Company's profile on SEDAR at www.sedar.com. The Company also announces further to its news release of April 22, 2016 the consolidation of its common shares on Read More

  • North American Palladium Announces First Quarter 2016 Results

    TORONTO, ONTARIO--(Marketwired - May 5, 2016) - North American Palladium Ltd. ("NAP" or the "Company") (TSX:PDL)(OTC PINK:PALDF) today announced financial and operational results for the three months ended March 31, 2016 from its Lac des Iles palladium mine ("LDI") in northwestern Ontario. Q1 2016 Results Summary Produced 40,216 ounces of payable palladium at an All-Inclusive Sustaining Cost(1) ("AISC") of US$ 643 per ounce compared to 45,129 ounces of Read More

  • Uranium Participation Corporation Reports Financial Results for the Year Ended February 29, 2016

    TORONTO, ONTARIO--(Marketwired - May 5, 2016) - THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Uranium Participation Corporation (TSX:U) ("UPC" of the "Corporation") reports results for the year ended February 29, 2016. All amounts are in Canadian dollars unless otherwise noted. Total equity ("Net Asset Value") decreased by $81.6 million in the year ended February 29, 2016, mainly Read More

  • Contango ORE, Inc. Announces Earnings for the Quarter Ended March 31, 2016

    HOUSTON--(BUSINESS WIRE)--Contango ORE, Inc. (“CORE” or the “Company”) (OTCQB: CTGO) announced today that it filed its Form 10-Q for the quarter ended March 31, 2016 with the Securities and Exchange Commission. The Company reported a net loss of $0.2 million or ($0.05) per basic and diluted share for the three months ended March 31, 2016 compared to a loss of $0.3 million or $(0.09) per basic Read More

  • Platinum Group Metals Announces US$33 Million Bought Deal Financing

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2016) - Platinum Group Metals Ltd., (TSX:PTM)(NYSE MKT:PLG) (the "Company" or "Platinum Group Metals") has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets under which the underwriters have agreed to buy on a bought deal basis 11,000,000 common shares (the "Common Shares"), at a price of US$3.00 per Common Share for Read More

  • Avrupa Minerals Announces Initial Gold Resource at Slivovo, Kosovo

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2016) - Initial NI 43-101 resource model and estimation completed 640,000 mt @ 4.8 g/t gold; 14.68 g/t silver - Indicated Mineral Resource 98,700 ounces gold and 302,000 ounces silver Partner Byrnecut International Ltd. decides to move to PFS stage Avrupa Minerals Ltd. (TSX VENTURE:AVU)(FRANKFURT:8AM) is pleased to announce that Giroux Consultants Ltd. ("Giroux") has completed an initial Indicated Mineral Resource for the main Read More

  • Yamana Gold Announces Voting Results from Annual Meeting of Shareholders

    TORONTO, ONTARIO--(Marketwired - May 5, 2016) - YAMANA GOLD INC. (TSX:YRI) (NYSE:AUY) herein announces the results of the votes held earlier today at the annual meeting of shareholders for the election of directors, the appointment of auditors and the advisory resolution on executive compensation. Detailed results of the votes are presented below. Voting results for the election of directors are as follows: Nominee Outcome of Vote Votes By Read More

  • Antioquia Announces Cisneros Project Update

    CALGARY, ALBERTA--(Marketwired - May 5, 2016) - Antioquia Gold Inc. ("Antioquia" or the "Company") (TSX VENTURE:AGD) is pleased to provide an update on the progress at its Cisneros Project in Colombia as of May 4, 2016. The following is a summary of additional milestones that have been achieved at the Guaico deposit: main tunnel development (cross section 4.5 m wide by 4 m high) continues to progress well. Read More

  • Franco-Nevada Announces Election of Directors

    TORONTO, May 5, 2016 /CNW/ - Franco-Nevada Corporation (TSX: FNV; NYSE: FNV) announced that the nominees listed in the management proxy circular for the 2016 Annual and Special Meeting of Shareholders were elected as directors of the Corporation. Detailed results of the vote for the election of directors held at the Annual Meeting yesterday in Toronto are set out below. Nominee Votes For % For Votes Withheld % Withheld Read More

  • Freegold Ventures Provides Additional Details Regarding Its Proposed Equity Financing

    VANCOUVER, May 5, 2016 /CNW/ - Freegold Ventures Limited ("Freegold" or the "Corporation") (TSX:FVL) is pleased to announce that it will file an amended and restated preliminary short form prospectus to provide additional details concerning its previously announced proposed marketed offering of units (the "Units"). The Corporation will offer a minimum of 16,666,667 (the "Minimum Offering") and a maximum of 55,555,555 Units (the "Maximum Offering") at a Read More

  • Treasury Metals Announces Exercise of Over-Allotment Option and Private Placement Increased to $4,000,000

    TORONTO, May 5, 2016 /CNW/ - Treasury Metals Inc. ("Treasury Metals" or the "Company") is pleased to announce Haywood Securities Inc., the agent for the Company's previously announced brokered private placement financing of up to 4,200,000 units of the Company ("Units") at price of C$0.48 per Unit (the "Brokered Offering"), has elected to exercise their over-allotment option in full to sell up to an additional 2,100,000 Units, Read More

  • Auryn Resources Commences Spring Mobilization and Exploration Programs at the Committee Bay Gold Project

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2016) - Auryn Resources Inc. (TSX VENTURE:AUG)(OTCQX:GGTCF) ("Auryn" or the "Company") is pleased to announce the initiation of the spring mobilization and exploration program at the Committee Bay gold project ("Committee Bay") located in Nunavut, Canada. The spring mobilization is well underway to stage fuel and exploration supplies in support of the upcoming belt wide summer exploration program. Shawn Wallace President and Read More

  • Solitario Announces Strategic 9.97% Equity Investment in Vendetta Mining

    DENVER--(BUSINESS WIRE)--Solitario Exploration & Royalty Corp. (“Solitario;” NYSE MKT: XPL; TSX: SLR) announces that it has made a strategic 9.97% equity investment in Vendetta Mining Corp. (“Vendetta”). Solitario purchased 7,240,000 units of Vendetta for total consideration of Cdn$362,000. Each unit consists of one common share priced at Cdn$0.05 per share and one full warrant with a two-year term and exercisable at Cdn$0.10. The strategic investment was Read More

  • Polaris Announces Q1 2016 Financial Results

    VANCOUVER, May 5, 2016 /CNW/ - Polaris Materials Corporation (TSX:PLS) (the "Company" or "Polaris") today reported the financial results for its first quarter ending March 31, 2016. All currencies are US dollars unless otherwise noted. HIGHLIGHTS Long Beach has trended ahead of our initial sales expectations, with the recent completion of the Oceanwide Plaza foundation pour and ongoing daily deliveries for several large projects contributing to Q1 Read More

  • Vendetta Mining Closes $2.5 Million Private Placement and Strategic 9.9% Equity Investment by Solitario Exploration and Royalty

    Vancouver, British Columbia--(Newsfile Corp. - May 5, 2016) - Vendetta Mining Corp. (TSXV: VTT) ("Vendetta" or the "Company") is pleased to announce that it has closed an oversubscribed private placement announced on March 3, 2016 (and revised April 18th, 2016). The Company issued a total of 50,000,000 units at a price of $0.05 per unit for gross proceeds of $2,500,000, each unit comprising one share and one share Read More

  • Visible Gold Mines provides update on its winter diamond drilling program

    ROUYN-NORANDA, QC, May 5, 2016 /CNW Telbec/ - Visible Gold Mines Inc. (TSXV: VGD) (Frankfurt: 3V4) is pleased to provide an update on the previously-announced winter diamond drilling program on its 167 Project, which was completed at the end of April 2016. During this three-phase diamond drilling program, Visible Gold Mines drilled twelve diamond drill holes totaling approximately 2,493 metres. During the first phase of the program, Read More

  • Osisko Announces the Election of Its Board of Directors

    MONTRÉAL, QUÉBEC--(Marketwired - May 5, 2016) - Osisko Gold Royalties Ltd (the "Corporation" or "Osisko") (TSX:OR) announces that, at the annual meeting of shareholders held on May 4, 2016, each of the 9 nominees listed in the Management Information Circular filed on April 7, 2016 with regulatory authorities were elected as directors of the Corporation. Based on the proxies received and the votes on a show of hands, Read More

  • Kootenay Announces Sampling Results at La Soledad Zone, La Cigarra Project, Mexico

    VANCOUVER, May 5, 2016 /CNW/ - Kootenay Silver Inc. (TSXV: KTN) (the "Company" or "Kootenay") is pleased to announce positive sampling results at the La Soledad Zone ("La Soledad") on its La Cigarra silver project located in Chihuahua State, Mexico. La Soledad, situated approximately 1,000 metres south of the main La Cigarra silver deposit (Las Carolinas Zone) and 500 metres south of the Las Venadas Zone, contains Read More

  • San Marco and GlobeTrotters Sign Alliance Agreement to Generate and Acquire Mineral Targets in Northern Mexico

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2016) - San Marco Resources Inc. (TSX VENTURE:SMN) ("San Marco") and GlobeTrotters Resource Group Inc. ("GlobeTrotters") have signed a formal Alliance Agreement respecting their initiative to generate and acquire new high potential mineral targets primarily in the state of Sonora, Mexico announced on March 7, 2016. Pursuant to the Agreement, GlobeTrotters has acquired imagery and data files for the state of Sonora Read More

  • GoldQuest Granted Additional Exploration License; Geophysical Anomalies Update

    VANCOUVER, BC--(Marketwired - May 05, 2016) - GoldQuest Mining Corp. (TSX VENTURE: GQC) (FRANKFURT: M1W) (BERLIN: M1W) ("GoldQuest" or the "Company") is pleased to announce that the Government of the Dominican Republic has re-granted the Loma de Cachimbo concession, to the south and adjacent to the Company's mining application over their multi-million ounce Romero gold/copper deposit (Click to see Figure 1. GoldQuest's land position). In addition, the 2016 Read More

  • Teras Appoints Mr. Kenneth Cunningham to Its Board of Directors

    Calgary, Alberta--(Newsfile Corp. - May 5, 2016) - Teras Resources Inc. (TSXV: TRA) ("Teras" or the "Company"): is pleased to announce the appointment of Mr. Kenneth Cunningham to the Company's Board of Directors. Peter Leger, President and CEO for Teras, comments "we would like to welcome Mr. Cunningham to Teras' technical team and Board of Directors. Mr. Cunningham is well respected in the mining community with many successes Read More

  • Zephyr Minerals provides update on Dawson Gold Project, Colorado, USA

    HALIFAX, May 5, 2016 /CNW/ - Zephyr Minerals Ltd. ("Zephyr" or the "Company") (TSXV: ZFR) is pleased to announce an update on the development of its Dawson Gold Project in Colorado. The following work programs required to advance the project towards the completion of a Preliminary Economic Assessment ("PEA") and submission of a Mine Permitting Application are currently underway: Drill Program - A diamond drill program comprising 10 Read More

  • American Lithium appoints Dana Brock as Vice-President

    VANCOUVER, May 5, 2016 /CNW/ - American Lithium Corp. ("American Lithium" or the "Company") (TSXV: LI) is pleased to announce the appointment of Dana Brock to the management team as Vice-President of Geosciences and Engineering. Dana Brock is a field oriented Civil Engineer, Geologist and Engineering Geologist. For over 30 years, he has performed and directed investigations, designed facilities and supported construction and remediation. His experience spans Read More

  • Golden Predator Announces $4.32 Million Financing

    Vancouver, British Columbia (FSCwire) - Golden Predator Mining Corp. (TSX.V: GPY) (the “Company”) is pleased to announce a private placement for an aggregate of $4,320,000 comprised of 27,000,000 units (the “Units”) at a price of $0.16 per Unit. Each Unit consists of one common share (the “Shares”) and one share purchase warrant (the “Warrants”). Each Warrant will entitle the holder to purchase one additional Share at a Read More

  • Graphite One Produces Exemplary Spherical Graphite Samples from Purified STAX Graphite

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2016) - Graphite One Resources Inc. (TSX VENTURE:GPH)(OTCQX:GPHOF) ("Graphite One" or the "Company") announced today the successful production of premium grade spheroidized graphite (SPG) from 99.98% Cg purified graphite, with yields in the first-run trial averaging 74.6%. Independent, Toronto-based, industry consultants TRU Group Inc. first identified the characteristics of the Company's STAX graphite - the acronym used to describe Spheroidal, Thin, Aggregate and Read More

  • Eskay Announces Closing of Non-Brokered Private Placement

    TORONTO, ONTARIO--(Marketwired - May 5, 2016) - Eskay Mining Corp. ("Eskay" or the "Company") (TSX VENTURE:ESK) is pleased to announce that further to the press releases issued on April 22, 2016, the Company has closed the non-brokered offering of $200,000 with the sale of 2,000,000 WC Unit. Each WC Unit comprises one (1) common share of the Company priced at $0.10 and one (1) common share purchase warrant Read More

  • Dalradian Reports Q1 2016 Results

    TORONTO, ONTARIO--(Marketwired - May 5, 2016) - Dalradian Resources Inc. (TSX:DNA)(AIM:DALR) ("Dalradian" or the "Company") announces results for the three months ended March 31, 2016, including closing cash and cash equivalents of $31.1 million(1). The Company also provides an update on the work program at its Curraghinalt Gold Project in Northern Ireland, which is proceeding on-schedule toward completion of the Feasibility Study (FS) and Environmental & Social Impact Read More

  • Victoria Receives First Results From the Olive-Shamrock Zone Which Include: 38.1m at 2.1 g/t and 11.8m at 2.7 g/t Gold

    TORONTO, ON --(Marketwired - May 05, 2016) - Victoria Gold Corp. (TSX VENTURE: VIT) ("Victoria" or the "Company") is pleased to announce the results from the 2016 Olive-Shamrock diamond drilling program. Mr. John McConnell, President and CEO of Victoria commented; "The 2016 Olive Program began in late March and is well ahead of schedule. The program has been successful in defining near surface, high-grade gold mineralized intersections within Read More

  • Platinum Group Metals Maseve Update and Amendment to Working Capital Facilities

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2016) - Platinum Group Metals Ltd. (TSX:PTM)(NYSE MKT:PLG) ("Platinum Group Metals" or the "Company") reports that during April 2016 the Maseve Mine, also known as the WBJV Project 1 Platinum Mine, produced approximately 1,700 "4E ounces" of platinum, palladium, rhodium and gold. The mill continues to perform well with recoveries and tonnage throughput capacity meeting or exceeding targets. The Maseve Mine is Read More

  • Melkior Commences Drill Program on the Carscallen Property-Qualifies for JEAP Grant

    OTTAWA, ONTARIO--(Marketwired - May 5, 2016) - Melkior Resources Inc. ("Melkior") (TSX VENTURE:MKR)(OTC PINK:MKRIF)(FRANKFURT:MEK) is pleased to announce the start of a 3,000 metre drill program on the 100% owned Carscallen gold property located in Carscallen Township in the Porcupine Mining Division, west of Timmins Ontario. The Carscallen property shares a common boundary with the Lake Shore Gold-Tahoe, Timmins West property that is currently in production for gold. Read More

  • Kombat Copper Annouces the Appointment of Basil Read (Pty) Ltd. as Mining Sub-Contractor

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2016) - FIRST MAJESTIC SILVER CORP. (NYSE:AG)(TSX:FR)(FRANKFURT:FMV)(BVM:AG) (the "Company" or "First Majestic") has revised the release date of its first quarter 2016 unaudited financial results. The results will now be released after market on Tuesday, May 10, 2016. First Majestic is a mining company focused on silver production in México and is aggressively pursuing the development of its existing mineral property assets Read More

  • Kombat Copper Annouces the Appointment of Basil Read (Pty) Ltd. as Mining Sub-Contractor

    TORONTO, ONTARIO--(Marketwired - May 5, 2016) - Kombat Copper Inc. (TSX VENTURE:KBT) ("Kombat Copper" or the "Company") is pleased to announce that the reputable mining contractor Basil Read (Pty) Ltd., a South African based mining and construction company, has been retained effective May 1, 2016 on a day works contract by EBM Mining Namibia (Pty) Ltd. ("EBM"). The Basil Read contract secures the necessary labour and equipment (including Read More

  • Victory Ventures Targets Lithium Brines in West Central Alberta

    Vancouver, British Columbia--(Newsfile Corp. - May 5, 2016) - Victory Ventures Inc. (TSXV: VVN) (FSE: VV0) ("Victory or the "Company") reports that an agent on behalf of the Company has submitted four metallic and industrial exploration applications to the Province of Alberta to acquire a 100% undivided interest in four contiguous townships northwest of the Fox Creek-Swan hills area in the Peace River Arch. On approval of these Read More

  • Minera Alamos Inc. Closes Second Tranche of Private Placement

    TORONTO, ONTARIO--(Marketwired - May 5, 2016) - Minera Alamos Inc. (TSX VENTURE:MAI) ("Minera Alamos" or the "Company") is pleased to announce closing of the second tranche of its previously announced private placement for aggregate proceeds of $500,000. As previously announced on April 19, concurrent with the closing of the first tranche of the ongoing private placement, the Company has received additional subscriptions of, in aggregate, 5,000,000 common share Read More

  • General Moly Reports First Quarter Results

    LAKEWOOD, Colo., May 5, 2016 /CNW/ -- General Moly, Inc. (the "Company" or "General Moly") (NYSE MKT and TSX: GMO) The Company finished the first quarter with a strong cash balance of approximately $15.8 million and $17.2 million in restricted cash. The Company remains positioned with financial liquidity to fund its current business activities and working capital needs into early 2018. First quarter highlights: The Company continued Read More

  • Tahoe Resources Declares Fifth Monthly Dividend For 2016

    VANCOUVER, British Columbia, May 5, 2016 /CNW/ -- Tahoe Resources Inc. (TSX, THO; NYSE: TAHO) is pleased to declare its fifth monthly dividend for 2016 of USD$0.02 per common share. Shareholders of record at the close of business on Thursday, May 19, 2016 will be entitled to receive payment of this dividend on Thursday, May 26, 2016. This dividend qualifies as an "eligible dividend" for Canadian income Read More

  • Largo Produces 730 Tonnes of Vanadium in April

    TORONTO, May 5, 2016 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") is pleased to report that it has produced 730 tonnes of vanadium pentoxide during the month of April, surpassing its previous record for monthly production of approximately 681 tonnes set in October 2015 by 7%. Largo is also very pleased to announce that it achieved two new daily production records in April with the Read More

  • California Gold Announces Completion of Private Placement

    Toronto, Ontario (FSCwire) - California Gold Mining Inc. (“California Gold” or the “Company”) announced today that it has closed a non-brokered private placement of 7,200,000 units (“Units”) at a price of $0.05 per Unit for gross proceeds of $360,000 (the “Offering”). Each Unit is comprised of one common share and one common share purchase warrant, with each warrant entitling the holder to acquire a further common share Read More

  • Durango Expands Land Position At Nemaska

    Vancouver, BC / TheNewswire / May 5, 2016 - Durango Resources Inc. (TSX.V-DGO), (the "Company" or "Durango") announces that it has applied via GESTIM online staking for additional claims in the Nemaska region, bringing its land holdings close to 3,000 hectares in the region, in addition to the 700-hectare land package under the joint venture arrangement announced by Durango on April 28, 2016. Included in Durango's land holdings are Read More

  • Pacific Booker Minerals Inc. Announces Private Placement

    Vancouver, British Columbia--(Newsfile Corp. - May 5, 2016) - Pacific Booker Minerals Inc. (TSXV: BKM) is pleased to announce the intent to complete a non-brokered private placement consisting of approximately 500,000 units ("Units") for total proceeds of $500,000. Price per share will be $1.00 and for every 2 shares purchased, the placee will receive a warrant for one share. Each Warrant will entitle the holder to purchase one Read More

  • ALX Uranium Corp. Announces Non-brokered Private Placement

    Vancouver, B.C. (FSCwire) - ALX Uranium Corp. (“ALX” or the “Company) (TSXv: AL; FSE: 6LLN; OTCQX: ALXEF) is pleased to announce a non-brokered private placement for gross proceeds of up to $1,000,000. The private placement consisted of up to 4,000,000 Flow-Through Units (“FT Units”) at $0.125 per FT Unit and up to 5,000,000 ordinary Units (“Units”) at $0.10 per Unit. Each FT Unit consists of one flow-through Read More

  • Morien Receives Milestone Payment From Vulcan Materials

    HALIFAX, NOVA SCOTIA--(Marketwired - May 5, 2016) - Morien Resources Corp. (TSX VENTURE:MOX) ("Morien" or the "Company"), today announced that it has received a $400,000 milestone payment from Vulcan Materials Company ("Vulcan") following the receipt of positive provincial and federal environmental approvals for the Black Point Quarry Project ("Black Point") in Guysborough County, Nova Scotia. Morien is due to receive an additional $400,000 milestone payment from Vulcan upon Read More

  • Indigo Exploration Inc. Appoints Lorne Warner to Board of Directors

    Vancouver, British Columbia--(Newsfile Corp. - May 5, 2016) - Indigo Exploration Inc. (TSXV: IXI) (FSE: INE) is pleased to announce the appointment of Lorne Warner, P.Geo. to the Board of Directors. Mr. Warner has acted as an advisor to the Company for several years. Mr. Warner has over 30 years of experience with major and junior mining companies, including Noranda Exploration and Placer Dome. Since 2002 he has Read More

  • Chilean Metals Inc. Moving Forward With Cogonov Property Acquisition

    Toronto, ON. / TheNewswire / May 5, 2016. Chilean Metals Inc. ("Chilean Metals," "CMX" or the "Company") (TSX.V:CMX, OTCQB: CMETF, SSE:CMX ). Chilean Metals is moving forward to sign definitive agreements with Cogonov Inc ("Cogonov") on the previously announced acquisitions of certain projects, referred to as Lynn, Parrsboro and Bass River, that have been the focus of considerable exploration efforts over the last several years by Cogonov and historical Read More

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

    TORONTO, ONTARIO and NUCLA, COLORADO--(Marketwired - May 5, 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 29, 2016, pursuant to which the Company announced the initial Closing of a private placement raising Cdn$680,760, the Company has completed the Closing of a second tranche of Cdn$69,240 of 40,729 units (the "Units") under exercise of Read More

  • Kerr Mines Announces Closing of Sale of Larder Project to BonTerra Resources

    TORONTO, ONTARIO--(Marketwired - May 5, 2016) - Kerr Mines Inc. ("Kerr Mines") (TSX:KER) is pleased to announce that further to a joint press release with BonTerra Resources Inc. (TSXV: BTR, US: BONXF, FSE: 9BR1) ("BonTerra") dated March 17, 2016, the parties have completed the transaction pursuant to which BonTerra can acquire from Kerr Mines a 100% interest in the Larder Lake Property. Pursuant to the terms of the Read More

  • Focus Graphite Closes Second Tranche of Non-Brokered Offering

    OTTAWA, ONTARIO--(Marketwired - May 5, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Focus Graphite Inc. (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) ("Focus" or the "Company") announces the closing of the second tranche of a previously announced (April 4, 2016 and April 14, 2016) non-brokered private placement (the "Offering") for gross proceeds of $337,025.25. The Company has issued 2,246,835 units (the "Units") at Read More

  • Tri Origin Announces up to $240,000 Non-Brokered Private Placement

    Aurora, Ontario / TheNewswire / May 5, 2016 - Tri Origin Exploration Ltd. (TSX-V: TOE) (the "Company") is pleased to announce that it intends to complete a non-brokered private placement financing of a minimum of 2,000,000 units and up to a maximum of 4,000,000 units (the "Units") at a price of $0.06 per Unit for gross proceeds of at least $120,000 and up to $240,000 (the "Offering"). Each Unit Read More

  • Yamana Gold Announces First Quarter 2016 Results

    TORONTO, ONTARIO--(Marketwired - May 4, 2016) - YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY) ("Yamana" or "the Company") is herein reporting its financial and operational results for the first quarter 2016, including net earnings of $38.4 million or $0.04 per share, adjusted earnings(1) of $28.8 million or $0.03 per share, and net free cash flow(1,2) of $56.0 million. Additional highlights are provided as follows: OPERATIONAL HIGHLIGHTS Total gold production of 308,061 Read More

  • Franco-Nevada Reports Strong Q1 2016 Results and Increases Quarterly Dividend

    TORONTO, May 4, 2016 /CNW/ - Franco-Nevada Corporation (TSX: FNV; NYSE: FNV) is pleased to report its financial results for the first quarter of 2016. All figures are in U.S. dollars unless noted and highlights include: Record 106,621 Gold Equivalent Ounces(1) ("GEOs"), a 25% increase over Q1 2015; Record $132.0 million in revenue, a 21% increase; Net Income of $30.0 million, or $0.18 per share; Adjusted Net Read More

  • Osisko Reports First Quarter 2016 Results

    MONTREAL, QUEBEC--(Marketwired - May 4, 2016) - Osisko Gold Royalties Ltd (the "Company" or "Osisko") (TSX:OR) reports today first quarter adjusted earnings of $8.7 million ($0.09 per basic share). First Quarter 2016 Highlights 9,404 gold ounces earned and 9,417 ounces sold (Q1 2015 - 6,985 ounces earned and sold); 8,092 silver ounces earned and 8,100 ounces sold (Q1 2015 - 7,825 ounces earned and sold); Revenues of $15.6 million (Q1 Read More

  • Denison Reports Results From Active Q1 2016, Including Positive Economics for Wheeler River and Sale of African Assets

    TORONTO, ONTARIO--(Marketwired - May 4, 2016) - Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(NYSE MKT:DNN) today filed its Consolidated Financial Statements and Management's Discussion & Analysis ("MD&A") for the period ended March 31, 2016. Both documents can be found on the Company's website at www.denisonmines.com or on SEDAR (at www.sedar.com) and EDGAR (at www.sec.gov/edgar.shtml). The highlights provided below are derived from these documents and should be read Read More

  • Thompson Creek Reports First Quarter 2016 Financial Results

    DENVER, May 4, 2016 /CNW/ - Thompson Creek Metals Company Inc. (TSX: TCM) (OTCQX: TCPTF) (the "Company" or "Thompson Creek"), a North American mining company, announced today financial results for the three months ended March 31, 2016, prepared in accordance with United States generally accepted accounting principles ("US GAAP"). All dollar amounts are in United States ("US") dollars unless otherwise indicated. Jacques Perron, President and Chief Executive Read More

  • 1

DENVER--()--Royal Gold, Inc. (NASDAQ: RGLD; TSX: RGL) (“Royal Gold” or the “Company”) provides an operational update for its streaming and royalty interests at Mount Milligan, Phoenix and Voisey’s Bay, as well as an update on the status of its streaming transaction with Golden Star Resources Ltd. (“Golden Star”) and its Peak Gold Joint Venture (“Peak Gold”).

Mount Milligan Mine

For the quarter ended June 30, 2015, the Company’s wholly owned subsidiary, RGLD Gold AG (“RGLD Gold”), purchased approximately 21,400 ounces of gold from the Mount Milligan mine at a cash price of $435 per ounce as part of its purchase and sale agreement with Thompson Creek Metals Company, Inc. (“Thompson Creek”), and sold approximately 23,000 ounces of gold related to Mount Milligan. In addition, RGLD Gold had approximately 5,300 ounces remaining in inventory as of June 30, 2015.

Phoenix Project

On June 24, 2015, Rubicon Minerals Corporation (“Rubicon”) announced its first gold pour at the Phoenix Gold Project of approximately 741 ounces. RGLD Gold will begin receiving deliveries in the current quarter related to initial commissioning activities and anticipates more substantial gold deliveries as the mine ramps up to design production.

Rubicon will deliver 6.30% of the gold from the Phoenix mine until 135,000 ounces have been delivered, then 3.15% thereafter. RGLD Gold will pay 25% of the spot price at the time of delivery.

Voisey’s Bay Mine

We received the first quarterly royalty payment relating to processing Voisey’s Bay nickel concentrates at Vale’s new Long Harbour hydrometallurgical plant. In response to questions concerning Vale’s determination of the Long Harbour smelter and refining charges deducted from actual proceeds to calculate the net smelter return royalty payable, Vale recently stated that the charges included “the cost of product sold, pre-operating costs, depreciation and cost of capital.” Royal Gold strongly disagrees with Vale’s determination that these charges are permissible deductions pursuant to the royalty agreement and is requesting further clarification of the basis for these charges while aggressively pursuing its legal remedies.

Golden Star Transaction

On May 7, 2015, the Company announced that RGLD Gold entered into a streaming agreement with Golden Star Resources Limited (“Golden Star”). The transaction is expected to close soon, upon satisfaction of remaining closing conditions, with RGLD Gold making an initial upfront payment at closing of $40 million to Golden Star. Royal Gold will simultaneously fund a $20 million dollar term loan as part of the transaction. RGLD Gold expects to make further advance payments totaling $90 million over the next five quarters. Once the initial upfront payment has been made, RGLD Gold expects to receive stream deliveries from Golden Star in the current quarter related to production from and after April 1, 2015.

Golden Star will deliver to RGLD Gold 8.5% of gold produced from Wassa, Bogoso and Prestea until 185,000 ounces have been delivered, 5.0% until an additional 22,500 ounces have been delivered, and 3.0% thereafter. RGLD Gold will pay Golden Star 20% of the spot price at the time of delivery until 207,500 ounces have been delivered, and 30% of the spot price thereafter.

Peak Gold

As described on the Company’s fiscal third quarter conference call, Royal Gold incurred certain costs associated with the summer exploration program at Peak Gold. The Company estimates approximately $2 million in expenditures will be reported in its financial results ended June 30, 2015.

CORPORATE PROFILE

Royal Gold, Inc. is a precious metals royalty and stream company engaged in the acquisition and management of precious metal royalties, streams, and similar production based interests. The Company owns interests on 196 properties on six continents, including interests on 37 producing mines and 24 development stage projects. Royal Gold, Inc. is publicly traded on the NASDAQ Global Select Market under the symbol “RGLD,” and on the Toronto Stock Exchange under the symbol “RGL.” The Company’s website is located at www.royalgold.com.

Cautionary “Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: With the exception of historical matters, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from projections or estimates contained herein. Such forward-looking statements include statements about the Company’s receipt of gold from Thompson Creek, Rubicon, and Golden Star in periods after June 30, 2015, its upfront payment to Golden Star, and the Company’s receipt of royalty payments from Vale in periods after June 30, 2015. Factors that could cause actual results to differ materially from the projections include, among others, the timing of shipments, disagreements on assays, losses in transport, performance of and production at Mount Milligan, the Phoenix Gold Project, Golden Star’s Wassa, Bogoso and Prestea operations and Voisey’s Bay; decisions and activities of Thompson Creek, Rubicon, Golden Star and Vale; changes in project parameters and timelines as plans continue to be refined; economic and market conditions; unanticipated grade, geological, metallurgical, processing, regulatory and legal or other problems that Thompson Creek, Rubicon, Golden Star and Vale may encounter; changes in operators’ mining and processing techniques or royalty or stream calculation methodologies; errors or disputes in calculating royalty payments or stream deliveries, or payments or deliveries not made in accordance with royalty and streaming agreements; resolution of legal proceedings (including with Vale regarding Voisey’s Bay); and other subsequent events, as well as other factors described in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Most of these factors are beyond the Company’s ability to predict or control. The Company disclaims any obligation to update any forward-looking statement made herein. Readers are cautioned not to put undue reliance on forward-looking statements. 

GET DAILY NEWS FLOW

Receive Daily Newsletter With
All Morning Press Releases

FEATURED JUNIOR

Golden Queen Mining Co. Ltd.

Exchange/Ticker: TSX: GQM
Main Asset: Soledad Mountain
Stage:
Production
Operating Region: U.S./California
Profile: Golden Queen Mining is producing gold and silver at the Soledad Mountain Project located just outside the town of Mojave in Kern County, California. The project is utilizing conventional open pit mining methods and cyanide heap leach and Merrill-Crowe processes to recover gold and silver from crushed, agglomerated ore. Production is projected to average 74,000 ounces of gold and 781,000 ounces of silver... VIEW FULL PROFILE