ALL NEWS RELEASES

  • SouthGobi Resources Announces Further 30 Day Extension of Delisting Review by TSX

    HONG KONG, CHINA--(Marketwired - July 29, 2015) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) ("SouthGobi" or the "Company") today announces confirmation of a further 30 day extension to the Toronto Stock Exchange (the "TSX") delisting review. TSX DELISTING REVIEW As announced by the Company on July 23, 2015, a meeting of the Continued Listing Committee of TSX was scheduled to be held on July 27, 2015 and their decision was Read More

  • Freeport-McMoRan Announces Cost Reduction Plans

    PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Inc. (NYSE: FCX) today announced it has undertaken a comprehensive review of its operating plans in its mining and oil and gas businesses to target significant additional reductions in capital spending and operating and administrative costs in response to weak market conditions for its major products. These plans will also incorporate potential adjustments to mine plans and future copper and molybdenum production volumes to Read More

  • New Gold Announces Second Quarter Results; Rainy River Construction on Schedule and on Budget

    TORONTO, July 28, 2015 /CNW/ - New Gold Inc. ("New Gold") (TSX:NGD) (NYSE MKT:NGD) today announces its 2015 second quarter operational and financial results. 2015 SECOND QUARTER HIGHLIGHTS Gold production of 86,442 ounces relative to 89,460 ounces in the prior-year quarter Copper production of 23.6 million pounds relative to 25.5 million pounds in the prior-year quarter Silver production of 0.4 million ounces consistent with prior-year quarter All-in Read More

  • Capstone Mining Second Quarter 2015 Financial Results

    VANCOUVER, July 28, 2015 /CNW/ - Capstone Mining Corp. ("Capstone") (TSX: CS) today announced its financial results for the three and six months ended June 30, 2015. Operating cash flow before changes in working capital1 for the quarter was $21.8 million or $0.06 per share, with net income and adjusted net income of $1.3 million. Copper production for the quarter totalled 21,100 tonnes (20,367 tonnes of payable Read More

  • Banks Island Gold Ltd. Provides Further Update and Comments on Media Reports

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 28, 2015) - Banks Island Gold Ltd. (TSX VENTURE:BOZ) (the "Company") reports a further update on operations at the Company's 100% owned Yellow Giant Gold Project ("Yellow Giant"), located on Banks Island, British Columbia. Further to the press release issued by the Company on July 24, 2015, the Company provides further information on permitted activities on-site. The Company is authorized to operate under Read More

  • Gentor Resources Completes Phase 1 Drilling at Its Karaburun Project

    TORONTO, ONTARIO--(Marketwired - July 28, 2015) - Gentor Resources Inc. ("Gentor" or the "Company") (TSX VENTURE:GNT) reports that it has received the assay results for its Phase 1 drilling at its Karaburun Project. The necessary forestry drill permit from the Ministry of Forestry and Water Resources in Turkey enabling it to undertake its diamond drilling program in the southern part of the Karaburun Project was received in December Read More

  • Energizer Resources Announces Appointment of New Chief Executive Officer

    TORONTO, ONTARIO--(Marketwired - July 28, 2015) - Energizer Resources Inc. (TSX:EGZ)(OTCQX:ENZR)(WKN:A1CXW3) ("Energizer" or the "Company") wishes to advise that Richard Schler has decided to step down as Chief Executive Officer ("CEO") of the Company, effective September 1, 2015. Mr. Schler will also resign from the board of directors on the effective date however will continue to provide ongoing consulting services to the Company. The timing of Mr. Schler's Read More

  • Centerra Gold 2015 Second Quarter Results

    TORONTO, ON--(Marketwired - July 28, 2015) - Centerra Gold Inc. (TSX: CG)This news release contains forward-looking information that is subject to the risk factors and assumptions set out on page 26 and in the Cautionary Note Regarding Forward-looking Information on page 32. It should be read in conjunction with the Company's unaudited interim condensed consolidated financial statements and notes for the three and months ended June 30, 2015 Read More

  • Centerra Gold Announces Positive Feasibility Study on the Oksut Project

    TORONTO, ON--(Marketwired - July 28, 2015) - All figures are in United States dollars. This news release contains forward-looking information that is subject to risk factors and assumptions, please refer to the Cautionary Note Regarding Forward-looking Information.Centerra Gold Inc. (TSX: CG) announces positive feasibility study results for the 100% owned Öksüt Project located in south-central Turkey with first gold production targeted in early second quarter of 2017.Highlights of Read More

  • Pelangio Exploration Announces Closing of Final Tranche of Private Placement for Proceeds of $89,190

    TORONTO, ONTARIO--(Marketwired - July 28, 2015) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Pelangio Exploration Inc. (TSX VENTURE:PX)(OTCQB:PGXPF) ("Pelangio" or the "Company") is pleased to announce that it has closed the final tranche of its previously announced private placement of 2,973,000 units of the Company at a Read More

  • Sherritt Announces Q2 2015 Results

    TORONTO, ON--(Marketwired - July 28, 2015) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESSherritt International Corporation ("Sherritt" or the "Corporation") (TSX: S), a world leader in the mining and refining of nickel from lateritic ores, today reported its financial results for the three and six months ended June 30, 2015."Our metals business continues to provide stable production while we find Read More

  • Primero Reports a Fatal Accident at Its San Dimas Mine

    TORONTO, ON--(Marketwired - July 28, 2015) - Primero Mining Corp. ("Primero" or the "Company") (TSX: P) (NYSE: PPP) regrets to report a fatal accident involving a Primero employee that occurred at its San Dimas mine in Mexico yesterday."We are deeply troubled by the loss of Juan Jesús Torres Jiménez, a young underground miner at our San Dimas mine," said Joseph F. Conway, Chief Executive Officer. "Our thoughts and Read More

  • Gensource Provides Update on Its Vertically Integrated Business Plan and Next Steps

    SASKATOON, SASKATCHEWAN--(Marketwired - July 28, 2015) - Gensource Potash Corporation ("Gensource" or the "Company") (TSX VENTURE:GSP) is pleased to provide an update on its vertically integrated business plan and the development of the Lazlo Project. As announced March 17, 2014, Gensource has been working with a market partner, Arizona Agropecuaria ("Arizona"), to create a vertically integrated business structure to allow the direct manufacture and shipment of potash fertilizer Read More

  • Reunion Gold Announces Filing of Year-End Financial Statements, Project Update and Shareholder Meeting Date

    LONGUEUIL, CANADA--(Marketwired - July 28, 2015) - Reunion Gold Corporation (TSX VENTURE:RGD) (the "Company") announces that it has filed its audited consolidated financial statements and management's discussion and analysis (MD&A) for the year ended March 31, 2015 on SEDAR (www.sedar.com). The Company's Matthews Ridge manganese project is currently on care and maintenance while the Company is evaluating different financing options, including the sale of certain assets, joint venture Read More

  • Metals Creek Resources Corp. Announces TSX Venture Exchange Approval for Share Consolidation

    TORONTO, ONTARIO--(Marketwired - July 28, 2015) - Metals Creek Resources Corp. ("Metals Creek" or the "Company") (TSX VENTURE:MEK) is pleased to announce that further to a press release dated July 20, 2015, the TSX Venture Exchange (the "Exchange") has approved the consolidation of the Company's issued and outstanding common shares on a 1 for 7 basis. The common shares are expected to commence trading on the Exchange on Read More

  • Century Signs Exclusive Distributorship Agreement with Sunny Queen, Australia's Leading Egg Producer, to Debut its Products in Hong Kong

    TORONTO, CANADA--(Marketwired - July 28, 2015) - Century Food Company Ltd ("Century Food"), a Hong Kong registered wholly-owned subsidiary of Century Iron Mines Corporation (together called "Century" or the "Company") (TSX:FER), is pleased to announce the entering into an exclusive distributorship agreement with Sunny Queen Pty Ltd ("Sunny Queen"), one of the largest Australian egg producers, for Sunny Queen's products in Hong Kong and Macau, China, with Century Read More

  • Zenyatta Ventures Announces $2.0 M Non-Brokered Private Placement

    THUNDER BAY, ONTARIO--(Marketwired - July 28, 2015) - Zenyatta Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE:ZEN) is pleased to announce that it intends to complete a non-brokered private placement financing for aggregate gross proceeds of up to $2.0 million (the "Offering") subject to regulatory approval. The Offering will consist of the sale of Units at $1.25 per Unit. Each Unit will consist of one Common Share and one-half Read More

  • Foraco announces 2015 Q2 results and conference call

    TORONTO and MARSEILLES, France, July 28, 2015 /CNW/ - Foraco International SA (TSX: FAR) (the "Company" or "Foraco"), a leading global provider of mineral drilling services, will release its Second Quarter 2015 financial results, prior to TSX market open on Tuesday, August 4, 2015.  Following the release, Management of the Company will host a Conference Call at 10:00 am EDT to review the financial results. The call will Read More

  • Taseko and Soda Creek Indian Band Sign Participation and Cooperation Agreement

    VANCOUVER, July 28, 2015 /CNW/ - Taseko (TSX: TKO; NYSE MKT: TGB) (the "Company") is pleased to announce that a Participation and Cooperation Agreement has been finalized between the Gibraltar Mine and the Soda Creek Indian Band ("Xat'sull"). The agreement reflects a commitment by the Parties to work together productively and harmoniously, in the spirit of good faith and cooperation. Russell Hallbauer, President and CEO of Taseko, Read More

  • Pure Energy Minerals Announces Filing of NI 43-101 Inferred Resource Technical Report for Its Nevada Lithium Brine Project

    VANCOUVER, British Columbia, July 28, 2015 (GLOBE NEWSWIRE) -- Pure Energy Minerals Limited (TSX-V:PE) (Frankfurt:A111EG) (OTCQB:HMGLF) (the "Company" or "Pure Energy") is pleased to announce that it has filed a technical report detailing an Inferred Resource estimate of the Company's Clayton Valley Lithium Brine Project, in accordance with National Instrument 43-101 ("NI 43-101"). The independent technical report, titled "Inferred Resource Estimate For Lithium, Clayton Valley South Project, Read More

  • UPDATE - Randgold Resources - Morila: A Lesson and a Legacy

    JERSEY, CHANNEL ISLANDS--(Marketwired - Jul 28, 2015) - Randgold Resources (LSE: RRS) (NASDAQ: GOLD) RANDGOLD RESOURCES LIMITED Incorporated in Jersey, Channel Islands Reg. No. 62686 LSE Trading Symbol: RRS NASDAQ Trading Symbol: GOLD MORILA: A LESSON AND A LEGACY Morila, Mali, 28 July 2015 - The Morila gold mine in Mali is a shining example of how a world-class mineral resource can be optimally exploited to the benefit of Read More

  • Testing of I-Minerals' HalloPure Halloysite Yields Excellent Results

    VANCOUVER, BC--(Marketwired - July 28, 2015) - I-Minerals Inc. (TSX VENTURE: IMA) (OTCQX: IMAHF) ("the Company" or "I-Minerals") is pleased to announce that it has received a report from a leading academic halloysite researcher that covers the results of comparative testing of I-Minerals' HalloPure halloysite with commercially available halloysite from NZ, China and Turkey as well as another development stage US halloysite. Specific testing addressed the potential applications Read More

  • Northern Empire and Sonoro to Extend Phase 1 Hilltop Exploration Program

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 28, 2015) - Northern Empire Resources Corp. (TSX VENTURE:NM) ("Northern Empire"), along with Sonoro Metals Corp. ("Sonoro"), today announced an extension of the first phase ("Phase 1") exploration program on the Hilltop Gold Project ("Hilltop") located 70 km southeast of Fairbanks, Alaska, USA. The extension to the Phase 1 exploration program is budgeted at CDN$100,000 and will commence within the next 2 weeks. Read More

  • MGX Minerals Initiates Archeological Assessment Studies at Driftwood Creek Magnesium Project

    VANCOUVER, BRITISH COLUMBIA / July 28, 2015 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG) reports the Company has engaged Tipi Mountain Eco-Cultural Services Ltd. (“Tipi Mountain”) to complete an Archeological Overview Assessment (AOA) and Archeological Impact Assessment (AIA) on the Driftwood Creek magnesium project (“Driftwood Creek”) located in the Brisco-Driftwood mining district of southeastern British Columbia. Tipi Mountain has submitted an application to the Read More

  • Randgold Resources - Morila: A Lesson and a Legacy

    JERSEY, CHANNEL ISLANDS--(Marketwired - Jul 28, 2015) - Randgold Resources (LSE: RRS) (NASDAQ: GOLD) RANDGOLD RESOURCES LIMITED Incorporated in Jersey, Channel Islands Reg. No. 62686 LSE Trading Symbol: RRS NASDAQ Trading Symbol: GOLD MORILA: A LESSON AND A LEGACY Morila, Mali, 28 July 2015 - The Morila gold mine in Mali is a shining example of how a world-class mineral resource can be optimally exploited to the benefit of Read More

  • Minsud Announces Director Resignation and New Director Appointment

    TORONTO, ONTARIO--(Marketwired - July 28, 2015) - Minsud Resources Corp. (TSX VENTURE:MSR) ("Minsud" or the "Company") announces that Mr. Eduardo Mendl has resigned as Director of the Company, effective July 21, 2015. The Board of Directors has appointed Mr. Hugo Dragonetti (Jr) as a new independent Director subject to the approval of TSX Venture Exchange. Alberto Orcoyen on behalf of the Board of Directors wishes to thank Eduardo Read More

  • Otterburn Provides Update

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 28, 2015) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Otterburn Resources Corp. ("Otterburn") (TSX VENTURE:OBN) and K92 Holdings International Limited ("K92") announce that they have raised an aggregate $1,348,913 of interim financing pending closing of their previously announced RTO and brokered Read More

  • VMS Ventures Inc. Patrick Evans and Blair Schultz Join VMS Board of Directors

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 28, 2015) - VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS Ventures" or the "Company") is pleased to announce the appointment of Patrick Evans and Blair Schultz to the VMS Ventures Board of Directors as of July 09, 2015 at the Company's annual general meeting (the "Meeting") of shareholders. The shareholders ratified and approved the number of directors at eight (8) and Gary Ostry, John Read More

  • Tinka commences 10,000 metre drill program at Ayawilca zinc project, announces new IP results & targets

    VANCOUVER, July 28, 2015 /CNW/ - Tinka Resources Limited ("Tinka" or the "Company") (TSXV: TK) (OTCPK: TKRFF) is pleased to announce that the Company has mobilized two drill rigs to commence up to 10,000 metres of diamond drilling at the Company's 100%-owned Ayawilca zinc project, Peru. The key objective of the drill program is to expand the existing Inferred Mineral Resource of 13.3 million tonnes grading 7.7% Read More

  • Denison and Fission Execute Definitive Arrangement Agreement

    TORONTO, ONTARIO--(Marketwired - July 28, 2015) - - Denison Mines Corp. (TSX:DML)(NYSE MKT:DNN) ("Denison") and Fission Uranium Corp. (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) ("Fission") are pleased to announce that Denison and Fission have entered into a definitive arrangement agreement (the "Arrangement Agreement") which replaces the binding letter agreement (the "Binding Letter Agreement") previously announced on July 6, 2015. Pursuant to the Arrangement Agreement, Denison has agreed to combine its business with Fission by Read More

  • Seabridge Gold Finds Extension of KSM's Mitchell Deposit at Depth

    TORONTO, July 28, 2015 /CNW/ - Seabridge Gold today announced that initial results from its 2015 core drilling program at its 100% owned KSM Project in northwestern British Columbia points towards a sizeable expansion of the Mitchell Deposit at depth. The size and orientation of the drill intercepts support the potential for an expansion of the cost-effective block cave operation planned for the reserves above these new Read More

  • Premier Provides Initial Guidance for South Arturo

    THUNDER BAY, ON, July 28, 2015 /CNW/ - PREMIER GOLD MINES LIMITED ("Premier" or "The Company") (TSX:PG) is pleased to provide an update of ongoing development activities at the Company's 40%-owned South Arturo Mine in Nevada. The South Arturo Mine is a joint venture between Premier and Barrick Gold Corporation's wholly-owned subsidiary Barrick Gold Exploration Inc. ("Barrick"). As initial guidance for the Phase 2 mining project at Read More

  • Fission Step-Out Drilling Expands R600W and R780E Zones; Seven New High-Grade Holes

    KELOWNA, BRITISH COLUMBIA--(Marketwired - July 28, 2015) - FISSION URANIUM CORP. (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) ("Fission" or "the Company") is pleased to announce results from an additional ten holes of the 20,000m 60-hole summer drill program at its PLS property in Canada's Athabasca Basin region: two holes drilled on the R600W zone, six drilled on the R780E zone and two holes on the R1620E. All ten holes returned mineralization, with seven Read More

  • Columbus Gold Advancing to Feasibility Study Stage at Montagne d'Or Gold Deposit

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 28, 2015) - Columbus Gold Corporation (TSX VENTURE:CGT) (OTCQX:CBGDF) ("Columbus Gold") is pleased to announce that it and its partner Nord Gold N.V. have commenced a tender for the commissioning of a Feasibility Study ("FS") on the Montagne d'Or Gold Deposit, Paul Isnard Project, French Guiana. Based on positive results from the recent completion of a Preliminary Economic Assessment, 6 (six) senior international Read More

  • Constantine Signs Selection Agreement With Dowa on Land Trust Lands Surrounding the Palmer Copper-Zinc-Silver-Gold Project, Southeast Alaska

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 28, 2015) - Constantine Metal Resources Ltd. (TSX VENTURE:CEM) ("Constantine" or the "Company") is pleased to announce signing of a Selection Agreement (the "Agreement") with Dowa Metals & Mining Alaska Ltd. ("Dowa") on the Haines Block mining lease ("Lease") that surrounds the Palmer Property (Figure 1). Under the terms of the Agreement Dowa has selected a small subset of the Haines Block (the Read More

  • Gold Standard Phase 1 2015 Drilling Extends Oxide Gold Zones at the Pinion and Dark Star Deposits, Carlin Trend Nevada

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 28, 2015) - Gold Standard Ventures Corp. (TSX VENTURE:GSV) (NYSE MKT:GSV) ("Gold Standard" or the "Company) today announced assay results of 14 reverse-circulation (RC) holes from the 2015 Phase 1 drilling program at its 100%-owned Railroad-Pinion Project in Nevada's Carlin Trend. Eight of nine Pinion holes and all five Dark Star holes returned significant intercepts with gold values above the cut-off grade of Read More

  • Serabi Gold Second quarter update on gold operations at Palito and Sao Chico

    LONDON, July 28, 2015 (GLOBE NEWSWIRE) -- Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, is pleased to provide an operational update for the second quarter of 2015 on its wholly owned Palito and Sao Chico gold operations in the Tapajos region of Para State, Northern Brazil. HIGHLIGHTS Gold production for the quarter totaled 8,237 ounces(1); 7,141 ounces from the processing of Read More

  • Bravada & Coeur Sign LOI for the Quito Property in Nevada

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 28, 2015) - Bravada Gold Corporation ("Bravada" or the "Company") (TSX VENTURE:BVA)(FRANKFURT:BRT) has signed a Letter of Intent ("LOI") with Coeur Mining, Inc. ("Coeur") for an option to earn into Bravada's interest in the Quito Property ("Quito" or the "Property"). Quito is a past-producing gold property consisting of 342 claims (~2,700 hectares) located in the Austin Gold trend in central Nevada. From 1986 Read More

  • Hydrology Pump Tests Confirm Favourable Conditions for In-Situ Operations

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 28, 2015) - Excelsior Mining Corp. (TSX VENTURE:MIN)(FRANKFURT:3XS) (OTCQX:EXMGF) ("Excelsior" or the "Company") is pleased to announce comprehensive hydrological results for the Gunnison Copper Project in Arizona ("Gunnison Project"). The results generated hydrological conductivities in the range expected for typical fracture controlled deposits and show the deposit is suitable for in-situ recovery ("ISR") operations. These results will be incorporated into a full Feasibility Read More

  • Copper Fox Provides Update of Activities

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 28, 2015) - Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX VENTURE:CUU)(OTC PINK:CPFXF) and its wholly owned subsidiaries Desert Fox Copper Inc. ("Desert Fox") and Northern Fox Copper Inc. ("Northern Fox") are pleased to provide an update on activities. Highlights are as follows: Schaft Creek: The management committee meeting of the Schaft Creek Joint Venture was held in mid-July, Drilling has Read More

  • Proximal Exploration on SEMAFO'S Natougou Returns Promising Results

    MONTREAL, QUEBEC--(Marketwired - July 28, 2015) - SEMAFO (TSX:SMF)(OMX:SMF) today announced results from an ongoing 10,000 meter proximal drilling program at Natougou designed to explore the lateral extensions of the flat-lying Boungou Shear Zone (BSZ) proximal to the current in-pit resources. A new mineralized area, dubbed the Southwest Extension, has returned values of up to 10.29 g/t Au over 10 meters at depths varying from 8 to 131 Read More

  • Macarthur Minerals Closes Tranche 1 of Private Placement

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 28, 2015) - THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Macarthur Minerals Limited (TSX VENTURE:MMS)(OTCQX:MMSDF) (the "Company" or "Macarthur Minerals") is pleased to announce the closing of the first tranche of a non-brokered private placement (the "Offering") as announced on July 15, 2015. The subscriptions for tranche one totalled 12,017,998 units (each, Read More

  • Sherritt Announces Appointment of Senior Vice President and Chief Financial Officer

    TORONTO, ON--(Marketwired - July 28, 2015) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Sherritt International Corporation ("Sherritt") (TSX: S) announced today that it has appointed David Bacon to the position of Senior Vice President. David will join Sherritt on September 9, 2015 and will become Chief Financial Officer on November 2, 2015 following the announcement of the company's third Read More

  • Defiance Commences Drilling at San Acacio Silver Deposit

    Vancouver, British Columbia--(Newsfile Corp. - July 28, 2015) - Defiance Silver Corp (TSXV: DEF) ("Defiance") is pleased to announce the start of a 1,500m drill program on the San Acacio silver deposit in the historic Zacatecas Silver District in Mexico. The drill program is focused on expanding the current resource of 17.9 million oz AgEq contained in 2.902 mt grading 192.5 g/t AgEq (See News Release dated January Read More

  • Canstar Samples Up to 68.0 g/t Gold in Grab Samples and Delineates 1.2 Kilometer Gold Bearing Structural Trend Containing Grab Samples Up to 35.3 g/t

    TORONTO, ONTARIO--(Marketwired - July 28, 2015) - Canstar Resources (Canstar) (TSX VENTURE:ROX) is pleased to announce results from its ongoing 2015 exploration program on its Kenora Gold Project. Rock sampling over various locales on the project is serving to augment the project's exploration potential. Highlights of these results are: 10 of 89 samples returned high gold values ranging from 2.9 to 68.0 g/t 5 samples returned very high Read More

  • Ned Goodman Rejoins Excellon Board of Directors

    TORONTO, ON--(Marketwired - July 28, 2015) - Excellon Resources Inc. (TSX: EXN) (OTC: EXLLF) ("Excellon" or the "Company"), Mexico's highest grade silver producer, is pleased to announce that Mr. Ned Goodman has rejoined the Company's Board of Directors, effective immediately. Mr. Goodman served as a board member of Excellon from April 2013 to February 2014 and Special Advisor to the board until recently. "We are delighted to welcome Read More

  • Nighthawk Initiates Drill Program at Colomac

    TORONTO, ONTARIO--(Marketwired - July 28, 2015) - Nighthawk Gold Corp. ("Nighthawk") (TSX VENTURE:NHK) is pleased to announce the initiation of its 2015 drill program at its 100% owned Colomac Gold Deposit in the Northwest Territories. Drilling will focus on extending the recently discovered high-grade gold mineralization at Zone 1.5 and testing Zone 1.0, which is believed to host mineralization similar to Zone 1.5, for the first time. HIGHLIGHTS: Read More

  • SouthGobi Resources Announces Change in Executive Director, Update on Its Funding Plan, Deferral of Convertible Debenture Interest Payment and TSX Delisting Review Extension Request

    HONG KONG, CHINA--(Marketwired - July 28, 2015) - SouthGobi Resources Ltd. (TSX:SGQ) (HKSE:1878) ("SouthGobi" or the "Company") today announces a change in executive director, an update on its funding plan, a deferral of the May CIC Convertible Debenture interest payment due date until November 19, 2015 and a request for an extension of its TSX delisting review. All figures are in U.S. Dollars unless otherwise stated. MANAGEMENT CHANGES Read More

  • Sierra Metals appoints Gordon Babcock P.Eng. as Chief Operating Officer enhancing its current management team

    TORONTO, July 28, 2015 /CNW/ - Sierra Metals Inc. (TSX: SMT) (BVL: SMT) ("Sierra Metals" or "the Company") is very excited to announce that the Company has appointed Mr. Gordon Babcock as Chief Operating Officer ("COO") effective July 13, 2015. Mr. Babcock is a second generation Professional Mining Engineer with over 34 years of experience in mine production management, project development, engineering, exploration and mine consulting in Read More

  • Mirasol Provides Exploration Update on the Gorbea Belt JV and New IP Geophysical Program at Atlas

    VANCOUVER, July 28, 2015 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R)  Mirasol Resources is pleased to provide an exploration update on its Gorbea Belt projects where the Company has recently announced a joint venture (see news release March 26, 2015). The mild winter conditions have led Mirasol's JV partner to complete a 65 line-km, deep-penetrating IP geophysical survey over a portion of the Atlas high-sulphidation Read More

  • Orocobre Limited (TSX:ORL) Quarterly Activities & Cashflow Report - June 2015

    Brisbane, Australia (FSCwire) - Orocobre Limited (ASX:ORE) (TSX:ORL) are pleased to provide the company's quarterly report of operations and cashflow for the period ended 30 June 2015. Highlights Olaroz Lithium Facility - Samples and sales orders have been supplied to a total of 32 customers, comprising 19 battery market customers and 13 industrial market customers. - 126 tonnes of lithium carbonate product were produced during the quarter. The median Read More

  • Intrepid Mines Limited: Mumbwa Project - Target H Delivers Encouraging Copper and Gold Results

    SYDNEY, AUSTRALIA--(Marketwired - July 28, 2015) - Intrepid Mines Limited (ASX:IAU) ("Intrepid or" the "Company") advises that assay results from the first exploration drill hole at the "Target H" prospect within the Mumbwa Project in west-central Zambia, have returned encouraging results. Copper highlights from HDD_001 include: 7 metres at 1.23% copper from 42 metres including 1 metre at 2.09% copper from 45 metres 2 metres at 1.85% copper Read More

  • California Gold Announces Private Placement

    Toronto, Ontario (FSCwire) - California Gold Mining Inc. (“California Gold” or the “Company”) announces that it intends to carry out a non-brokered private placement of up to 120,000,000 units (“Units”) at a price of $0.05 per Unit for gross proceeds of up to $6,000,000.  Each Unit is comprised of one common share and one common share purchase warrant, with each warrant (“Warrant”) entitling the holder to acquire Read More

  • Indigo Exploration Inc. Arranges Non-brokered Private Placement of Up to $150,000

    Vancouver, British Columbia--(Newsfile Corp. - July 28, 2015) - Indigo Exploration Inc. (TSXV: IXI) (FSE: INE) has arranged a non-brokered private placement of up to 15,000,000 shares priced at $0.01 per share for total gross proceeds of up to $150,000. A finder's fee may be payable, subject to Exchange policy. All securities issued pursuant to the private placement will be subject to a four month hold. The private Read More

  • Great Lakes Graphite Terminates Summit-Gaber Option

    TORONTO, ONTARIO--(Marketwired - July 28, 2015) - Great Lakes Graphite Inc. ("Great Lakes", "GLK" or the "Company") (TSX VENTURE:GLK)(OTC PINK:GLKIF)(FRANKFURT:8GL) today announces that in alignment with the current focus on graphite and the Matheson Micronization Facility, the Company is relinquishing the option agreement with Eloro Resources for the Summit-Gaber property. In order to address the obligations under the agreement and to leave the joint venture property in good Read More

  • Pele Mountain Advances Cogent Solution to Rare Earth Industry Dislocations

    TORONTO, ONTARIO--(Marketwired - July 28, 2015) - Pele Mountain Resources Inc. (TSX VENTURE:GEM)(OTCQX:GOLDF) ("Pele" or the "Company") today provided an update regarding the escalating dislocations in the rare earth industry and resulting implications for Pele's monazite processing strategy. In 2014, Pele expanded its business model to include the sustainable development of a low-cost, early-to-market, rare earth processing centre in Elliot Lake, Ontario, at the site of its Eco Read More

  • Golden Arrow Completes Option Payments for Chinchillas Silver Project

    Vancouver, BC / TheNewswire / July 28, 2015 / Golden Arrow Resources Corporation (TSX-V: GRG, FRA: GAC (WKN: A0B6XQ), "Golden Arrow" or the "Company") is pleased to announce that the Company has completed the option payments required to acquire 100% of the Chinchillas Silver project in Jujuy Province, Argentina. Chinchillas Option Terms Golden Arrow made the final payment of US$900,000 to complete the acquisition of the Chinchillas project from Read More

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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. 

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Gold Royalties LLC

FEATURED JUNIOR

Balmoral Resources

Exchange/Ticker: TSX: BAR
Main Asset: Detour Gold Trend
Stage:
Exploration
Operating Region: Canada/Quebec
Profile: Balmoral Resources has assembled one of the largest portfolios of any junior mining company in the prolific Abitibi greenstone belt, where the Company controls over 700 square kilometers of prospective lands. Balmoral is exploring for high-grade gold deposits in the shadow of the head frame of Canada's largest gold mine... VIEW FULL PROFILE