ALL NEWS RELEASES

  • Freeport-McMoRan Reports Q2 and H1 2016 Results

    PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Inc. (NYSE: FCX) reported net losses attributable to common stock of $479 million, $0.38 per share, for second-quarter 2016 and $4.7 billion, $3.70 per share, for the first six months of 2016, compared with $1.85 billion, $1.78 per share, for second-quarter 2015 and $4.3 billion, $4.16 per share, for the first six months of 2015. FCX’s net losses attributable to common stock include net charges Read More

  • Continental Gold Granted Environmental License to Connect Buritica Project to Electrical Power Grid

    TORONTO, ON--(Marketwired - July 26, 2016) - Continental Gold Inc. (TSX: CNL) (OTCQX: CGOOF) ("Continental" or the "Company") is pleased to announce that it has been granted an environmental license approving the construction of a transmission line to provide electrical power for its proposed large-scale underground mine at the Buriticá Project, Antioquia, Colombia. The environmental license was issued by CORPOURABA, a regional autonomous environmental authority in Antioquia. The Read More

  • Eastmain Resources Initiates 63,300 Metre Drill Exploration Program at the Clearwater Project

    TORONTO, ONTARIO--(Marketwired - July 26, 2016) - Eastmain Resources Inc. ("Eastmain" or the "Company") (TSX:ER) is pleased to announce a $7.7 million (63,300 metres) drilling program at the Clearwater Property, in Quebec's James Bay gold district. Drilling is set to begin mid-August with a primary focus in and around the Eau Claire deposit (SEE FIGURE 1). "Within the past quarter, we have been executing on our strategic plan Read More

  • Osisko Mining Intersects 16.6 g/t Au Over 6.7 Metres at Windfall

    MONTREAL, QUEBEC--(Marketwired - July 26, 2016) - Osisko Mining Inc. (TSX:OSK) ("Osisko" or the "Corporation") is pleased to announce new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in the Urban Township, Québec. The expanded 100,000 metre drill program combines definition drilling above the Red Dog intrusion ('Red Dog'), expansion drilling above and below Red Dog and exploration drilling on the Read More

  • Riverside Resources Options Glor Gold Project to Centerra Gold

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 26, 2016) - Riverside Resources Inc. ("Riverside" or the "Company") (TSX VENTURE:RRI) (OTC PINK:RVSDF) (FRANKFURT:R99), is pleased to announce that it has signed an option agreement (the "Option") with Centerra Gold Inc. ("Centerra") for the Glor Gold Project (the "Project"), located approximately 8 km west of Alamos' El Chanate Gold Mine in Sonora, Mexico. Centerra will have the opportunity to earn a 70% Read More

  • Klondex Mines Announces Increase to Bought Deal Financing to C$114.4 Million

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 26, 2016) - Klondex Mines Ltd. (TSX:KDX)(NYSE MKT:KLDX) ("Klondex" or the "Company") is pleased to announce today that, due to strong demand, it has agreed with a syndicate of underwriters (collectively, the "Underwriters"), to increase the size of its previously announced $100,000,000 "bought deal" private placement. Pursuant to the upsized deal terms, the Underwriters have agreed to purchase, on a bought deal private Read More

  • Calibre Mining Drilling Further Expands Gold-Silver Vein Systems at Eastern Borosi Project, Nicaragua

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 26, 2016) - Calibre Mining Corp. (TSX VENTURE:CXB) (the "Company" or "Calibre") is pleased to announce the second set of results from the 2016 drilling program on the Eastern Borosi Project, Nicaragua which is being funded by Calibre's partner IAMGOLD Corporation ("IAMGOLD"). Highlights Drilling to date in 2016 consists of 23 diamond drill holes for a total of 4,545.9 metres, with results for Read More

  • CanAlaska Partners to Resume Drilling at West McArthur and Patterson

    Vancouver, British Columbia--(Newsfile Corp. - July 26, 2016) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N), ("CanAlaska" or the "Company") is pleased to report that Cameco's exploration team will resume drilling shortly at CanAlaska's West McArthur project along trend from Cameco's high-grade Fox Lake uranium discovery. Makena Resources will also be drilling at the Company's West Patterson property to followup the first drill hole that encountered radioactivity along the Read More

  • BonTerra Resources Advances Larder Lake Gold Property and Completes Initial 3D Geological Model

    Vancouver, BC / TheNewswire / July 26, 2016 - BonTerra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the "Company" or "BonTerra") is pleased to provide a review its 100% controlled Larder Lake Property, located in the McVittie and McGarry Townships of Ontario, Canada. "The Larder Lake Property is another key strategic asset, with millions of exploration and development dollars spent over many years, most recently in 2012/13, when Read More

  • Golden Star Announces Pricing of US$30 Million Offering of Common Shares

    TORONTO, July 26, 2016 /CNW/ - Golden Star Resources Ltd. (NYSE MKT: GSS; TSX: GSC; GSE: GSR) ("Golden Star" or the "Company") announces the pricing of US$30.0 million, or 40,000,000, of its common shares in an underwritten public offering, at a price of US$0.75 per share (the "Equity Offering"). The Company has granted the underwriters of the Equity Offering a 30-day option to purchase up to US$4.5 Read More

  • Golden Predator Closes C$16.36 Million Financing; Includes C$7.3 Million Investment by Eric Sprott

    Vancouver, British Columbia (FSCwire) - Golden Predator Mining Corp. (TSX.V: GPY) (the “Company”) is pleased to announce the completion of its previously announced brokered private placement for gross proceeds of C$16,361,280.  Pursuant to the private placement the company sold a total of 11,036,000 Non-Flow Through Units (“Non-Flow Through Unit”) at a price of C$0.73 per unit, and 8,305,000 Flow-Through Units (the “Flow Through Units” and collectively with Read More

  • Bear Creek Mining Closes $30 million Bought Deal Financing

    /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ VANCOUVER, July 26, 2016 /CNW/ - Bear Creek Mining Corporation ("Bear Creek" or the "Company") is very pleased to announce that it has closed its bought deal short form prospectus financing (the "Offering") through a syndicate of underwriters led by Paradigm Capital Inc. and BMO Capital Markets and including Raymond James Ltd., Canaccord Read More

  • Noram Confirms Large Area of Lithium-Rich Mineralization on Zeus Portion of its Clayton Valley Project

    Vancouver, British Columbia (FSCwire) - Noram Ventures Inc. (TSX-V: NRM and Frankfurt: N7R) ("Noram" or the "Company") is pleased to report the final assay results from the Phase II surface and sub-surface sampling continue to indicate a lithium rich evaprorite rock sequence on the Zeus claim group of its Clayton Valley Lithium Project (see Figure 1). The Zeus claim group is located within two kilometers of Albemarle’s Read More

  • Horizonte awarded three new concession areas at Araguaia Nickel Project, Brazil

    LONDON, July 26, 2016 /CNW/ - Horizonte Minerals Plc, (AIM: HZM, TSX: HZM) ('Horizonte' or 'the Company') the nickel development company focused in Brazil, is pleased to announce the award of three new concession areas adjacent to its recently acquired Glencore Araguaia Project ('GAP') which forms part of the Company's 100% owned Araguaia nickel project ('Araguaia') which is being developed as the next major nickel project in Brazil. Read More

  • Excellon Resources Completes $15.2 Million Bought Deal Financing

    TORONTO, ON--(Marketwired - July 26, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. Excellon Resources Inc. (TSX: EXN) (OTC: EXLLF) ("Excellon" or the "Company") is pleased to announce that it has closed its previously announced bought deal public offering of 13,250,000 units (collectively, the "Units"), including Read More

  • Zadar Receives Drill Permits for WSP Lithium Brine Project, Clayton Valley, NV

    VANCOUVER, BC--(Marketwired - July 26, 2016) - Zadar Ventures Ltd. (the "Company") (TSX VENTURE: ZAD) (FRANKFURT: ZAV) (OTCQB: ZADDF) announces it has received the required work permits from the Federal Bureau of Land Management ("BLM") to complete 2 drill holes on its WSP Lithium Project (the "Project") in Nevada. The work approved in the recently received permits allows for a Phase 1 exploration program at WSP consisting of Read More

  • Teuton Resources Set to Begin Drilling on Golden Triangle Properties

    VANCOUVER, B.C., July 26, 2016 (GLOBE NEWSWIRE) -- Teuton Resources Corp. (“Teuton”) (TSX-V:TUO) (Frankfurt:TFE) (OTCBB:TEUTF) is pleased to announce that diamond drilling is set to begin August 5, 2016 on its properties in the Golden Triangle region of northwestern British Columbia.  Up to four properties are slated for drilling during the field season. Teuton currently owns interests in fifteen properties in the area located south of the Brucejack property Read More

  • Ultra Lithium Samples Up to 2.73% Lithium Oxide at the Georgia Lake Hard Rock Lithium Project in Thunder Bay, Northwestern Ontario, Canada

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 26, 2016) - THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES Ultra Lithium Inc. (TSX VENTURE:ULI) ("Ultra Lithium" or "the Company") is pleased to announce assay results from recently concluded prospecting and sampling program at its 100% owned Georgia Lake Lithium Project located in the Thunder Bay Mining District, Northwestern Ontario, Canada. The results Read More

  • Pangolin Begins Drilling Kimberlite Targets at Motloutse Diamond Project, Botswana

    TORONTO, ONTARIO--(Marketwired - July 26, 2016) - Pangolin Diamonds Corp. (TSX VENTURE:PAN) (the "Company" or "Pangolin") is pleased to provide an update for the Company's wholly-owned Motloutse Diamond Project ("Motloutse"), located 150 km east of the Orapa Diamond Mine in Botswana. A percussion drill programme will commence on July 27th and is anticipated to be completed within the next two weeks. Results from the drill programme will be Read More

  • Mandalay Resources Announces Closing of C$39 Million Treasury Offering of Common Shares

    TORONTO, July 26, 2016 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation (TSX:MND) (“Mandalay”) announced today that it has closed its previously announced treasury offering (the “Offering”) of 33,915,000 common shares of Mandalay (the “Common Shares”) (including 3,475,000 Common Shares issued and sold pursuant to the over-allotment option granted by the Company to the underwriter) at a price of C$1.15 per Common Share (the “Offering Price”) for aggregate gross Read More

  • Mirasol Reports Encouraging Drill Results from Cerro Vanguardia Mines JV at the Claudia Gold-Silver Project, Santa Cruz Province Argentina

    VANCOUVER, July 26, 2016 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ, OTCPK: MRZLF "Mirasol") is pleased to announce encouraging intersections of Au+Ag mineralization in shallow reverse-circulation (RC) drilling at the 100% owned Claudia project in Santa Cruz Province Argentina.  These preliminary results are from the drilling campaign just completed by Joint Venture partner Cerro Vanguardia S.A. (CVSA - 92.5 % owned by AngloGold Ashanti, the controlling shareholder, and 7.5 Read More

  • Comstock Mining Announces Strategic Land Acquisition

    VIRGINIA CITY, NV--(Marketwired - July 26, 2016) - Comstock Mining Inc. (the "Company") (NYSE MKT: LODE), announced today that it has exercised a purchase commitment to acquire 98 acres of land and over 257 acre-feet of senior-priority water rights in Silver Springs, Nevada. The property was acquired through a wholly-owned subsidiary called Comstock Industrial LLC. The acquisition and the first six months of interest was funded from a Read More

  • Antioquia Announces New Director and Cisneros Project Update

    CALGARY, ALBERTA--(Marketwired - July 26, 2016) - Antioquia Gold Inc. ("Antioquia" or the "Company") (TSX VENTURE:AGD) is pleased to announce that Eduardo de la Piedra has been appointed to the Board of Directors, subject to the approval of the TSX-V. The Company also wishes to report on progress at its Cisneros Project in Colombia. Felipe Ferraro, President and CEO of Antioquia wishes to welcome Eduardo de la Piedra Read More

  • Golden Star Announces Pricing of Private Offering of US$65 Million of 7.0% Convertible Senior Notes due 2021

    TORONTO, July 26, 2016 /CNW/ - Golden Star Resources Ltd. (NYSE MKT: GSS; TSX: GSC; GSE: GSR) ("Golden Star" or the "Company") announces the pricing of US$65.0 million aggregate principal amount of 7.0% convertible senior notes due 2021 (the "Notes") pursuant to applicable U.S. and Canadian private placement exemptions. As part of the offering, the Company has entered into exchange and purchase agreements with two holders of Read More

  • Terraco Gold Incorporates Terraco Royalties USA and Provides Update

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 26, 2016) - Terraco Gold Corp. (TSX VENTURE:TEN) ("Terraco" or the "Company") is pleased to announce that it has incorporated Terraco Royalties USA Inc. ("Terraco Royalties"). The formalization of this subsidiary was a necessary structural step for Terraco's growth under its royalty business plan and follows its recent transaction whereby Terraco exercised its suite of royalty options for up to 3% net smelter Read More

  • International Lithium and Pioneer Resources Discover Lost Pegmatite, Increase Claim Area and Execute Option Agreement at Raleigh Lithium Pegmatite Project

    Vancouver, British Columbia--(Newsfile Corp. - July 26, 2016) - International Lithium Corp. (TSXV: ILC) (the "Company" or "ILC") is pleased to announce that strategic partner Pioneer Resources Limited ("Pioneer") (ASX: PIO) has completed their due diligence and formally entered into an Option Agreement to advance through exploration the Company's Raleigh lithium pegmatite project in Ontario, Canada ("Project"). In addition, the companies have increased the size of the project Read More

  • Hudson Commences Construction at the White Mountain Anorthosite Project in Greenland

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 26, 2016) - HUDSON RESOURCES INC. (the "Company") - (TSX VENTURE:HUD) (OTCQX:HUDRF) is pleased to announce the commencement of field activities at its wholly-owned White Mountain anorthosite (calcium feldspar) project in Western Greenland. The Company recently commenced construction activities at the White Mountain project. Construction is focused on civil works in preparation of equipment delivery and process plant construction in the spring of 2017. Read More

  • Mariana Resources Commences Trading on the TSXV Today

    NORTH SYDNEY, Australia, July 26, 2016 (GLOBE NEWSWIRE) -- Mariana Resources Ltd ('Mariana' or 'the Company'), the AIM listed exploration and development company with projects in Turkey and South America, is pleased to announce that trading commences today on the TSX Venture Exchange (TSXV) at the open of market today. The company will trade on the TSXV under the symbol: MRA The company continues to trade on Read More

  • 92 Resources Acquires Pontax Property, Quebec

    Vancouver, BC (FSCwire) - 92 Resources Corp. (the “Company”) (TSXV: NTY) (FSE: R9G2) is pleased to announce that it has entered into a Purchase Agreement (the “Agreement”) to acquire a 100% interest in the Pontax Lithium Property (the “Property”) near Eastmain, Quebec. The Property consists of 104 mineral claims covering four blocks, totalling approximately 5,536 hectares (13,681 acres). The Property encompasses the southwestern portions of an approximately Read More

  • Montan Mining Initiates Cerro Dorado Option, Mobilizes Technical Due Diligence Team and Provides Corporate Update

    Vancouver, BC / TheNewswire / July 26th, 2016 - Montan Mining Corp. (TSXv: MNY | FSE: S5GM | SSE: MNYC) ("Montan" or the "Company") is pleased to provide a corporate update further to its agreement to acquire Cerro Dorado S.A.C. from Chazel Capital, as announced on July 14th, 2016. As per terms of the Agreement, Montan agreed to assume all costs to maintain the Rey Salomon mine option and all expenses Read More

  • Noka Mobilizes Prospecting Crew Onto Duxbury Lithium Property James Bay Area, Quebec and Surface Sampling Program in Nevada

    Vancouver, British Columbia / TheNewswire / July 26, 2016 - Noka Resources Inc. (NX: TSX-V) (2NKN: FSE) (NOKAF: US) (the "Company" or "Noka") is pleased to update shareholders that, pursuant to the June 29, 2016 press release regarding the Duxbury Lithium Property, Quebec (the "Property"), a prospecting crew has been mobilized onto the Property. The Property is located in the James Bay Region, 2 km south of the Eastmain Read More

  • Texas Mineral Resources and K-Technologies Complete Rare Earth Strategic Materials Research Contract for U.S. Defense Logistics Agency

    SIERRA BLANCA, TX--(Marketwired - July 26, 2016) - TMRC and K-Tech have produced specified rare earth elements to 99.999% purity, using continuous ion exchange and continuous ion chromatography Demonstration grant was awarded under BAA-DLASM-2105-01: National Defense Stockpile Research Texas Mineral Resources Corp. (OTCQX: TMRC), an exploration company targeting the heavy rare earths and a variety of other high-value elements and industrial minerals, is pleased to announce that it Read More

  • Mkango Secures Exclusive Option Over Hydrochloric Acid Regeneration Technology from McGill University, Canada

    CALGARY, ALBERTA--(Marketwired - July 26, 2016) - Mkango Resources Ltd. (TSX VENTURE:MKA)(AIM:MKA) (the "Corporation" or "Mkango"), is pleased to announce that it has secured a two-year exclusive option and right to acquire, on commercially standard terms, the worldwide licence for a technology to produce high strength (up to 30%) hydrochloric acid ("HCL") from calcium chloride feed streams (the "Technology") using sulphuric acid, applicable in rare earths processing and Read More

  • Scientific Metals Signs Letter Agreement to Acquire the Iron Creek Cobalt Property in the Idaho Cobalt Belt

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 26, 2016) - Scientific Metals Corp. ("STM" or the "Company") (TSX VENTURE:STM)(FRANKFURT:26X)(OTCQB:SCTFF) is pleased to announce that it has entered into an arm's length letter agreement with a private company providing STM with exclusive rights to enter into a lease agreement with an option to acquire a 100% interest in the Iron Creek Cobalt Property in Lemhi County, Idaho, USA (the "Property"). The Read More

  • Bayhorse Silver Receives High Grade Silver Assays From Underground Clean Up Material at Bayhorse Mine

    VANCOUVER, BC--(Marketwired - July 26, 2016) - Bayhorse Silver Inc. (TSX VENTURE: BHS)(the "Company" or "Bayhorse") CEO Graeme O'Neill is pleased to report that the Company has received select sample assay results from the "run of mine" mineralization extracted from the Bayhorse Silver Mine as tabulated below: Sample   Weight   g/t Ag   oz/t Ag   Cu%   Zn% 1   0.34kg   24,738   795.35   Read More

  • Caledonia Mining Announces Board and Management Appointments

    TORONTO, ONTARIO--(Marketwired - July 26, 2016) - Caledonia Mining Corporation Plc ("Caledonia" or the "Company") (TSX:CAL)(OTCQX:CALVF)(AIM:CMCL) announces that John McGloin has joined the Board as an independent non-executive director, with immediate effect. Caledonia has also appointed Maurice Mason as Vice President, Investor Relations and Corporate Development. Mr McGloin (aged 51) holds an MSc in Mining and Exploration Geology from the Camborne School of Mines and a BSc in Read More

  • Explor Resources Adds 4 Mining Claims to Ogden Property

    ROUYN-NORANDA, QUEBEC--(Marketwired - July 26, 2016) - Explor Resources Inc. ("Explor" or "the Corporation") (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the acquisition of 4 mining claims (24 mineral claim units) situated in the Porcupine mining division, district of Cochrane, in the Ogden and Prince Township, Ontario. These claims are continuous to the Ogden Property. With this acquisition, the Ogden property will now consist of 13 mining claims (96 Read More

  • Drilling to Commence on the High-Grade Kietyonmaki Lithium Prospect, Tammela Project, Finland

    Vancouver, BC / TheNewswire / July 26, 2016 - NORTEC MINERALS CORP. (the "Company" or "Nortec") (TSXV: NVT) is pleased to announce that Joint Venture earn-in partner, Avalon Minerals ("Avalon") of Milton, QLD, Australia, is initiating a 3000 metre diamond drilling program on the Kietyonmaki Lithium Prospect, Tammela Project, located in Southern Finland. Avalon's press release can be referred to on http://www.asx.com.au/asxpdf/20160726/pdf/438sz2k1rn14mx.pdf, http://avalonminerals.com.au/ The highlights are as follows: -Drilling Read More

  • Chilean Metals receives conditional approval of acquisitions from Cogonov Inc.

    Toronto, ON / TheNewswire / July 26 2016. Chilean Metals Inc. ("Chilean Metals," "CMX" or the "Company") (TSX.V:CMX, OTCQB: CMETF, SSE:CMX ). Chilean Metals has received conditional approval from the TSXV to complete the acquisition of three Copper Gold projects from Cogonov Inc. ("Cogonov"). The Projects, referred to as Lynn, Parrsboro and Bass River, will be acquired through the issuance of 20,500,000 common shares to Cogonov. who in turn Read More

  • Minnova Provides Corporate Update on Core Re-Logging and Structural Lineament Analysis Targeting Gold Mineralization

    Toronto, Ontario--(Newsfile Corp. - July 26, 2016) - Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) ("Minnova" or "the Company") is pleased to provide a corporate update on its ongoing 2016 technical programs which include detailed core re-logging at the PL Deposit and regional geologic structural lineament analysis targeting gold mineralization. A detailed review of drill core from the initial 2011 Minnova drill program has identified that several holes Read More

  • SLAM Completes Private Placement

    MIRAMICHI, NB, July 26, 2016 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (the "Company") announces that it has closed the first tranche of the private placement announced June 29, 2016 (the "Private Placement").  The Company raised $305,680 by placement of 3,894,000 Units at a price of $0.06 per Unit and 1,220,667 FT Units at a price of $0.06 per FT Unit.  Each Unit is comprised of one common Read More

  • Klondex Mines Signs Agreement to Acquire the Hollister Mine; Announces C$100 Million Subscription Receipt Offering

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 25, 2016) - Klondex Mines Ltd. (TSX:KDX)(NYSE MKT:KLDX) ("Klondex" or the "Company") is pleased to announce that it has entered into a definitive membership interest purchase agreement (the "Purchase Agreement") with Klondex Holdings (USA) Inc., an indirect wholly-owned subsidiary of the Company ("Klondex USA"), Waterton Nevada Splitter, LLC ("Waterton Splitter") and Waterton Precious Metals Fund II Cayman, LP (together with Waterton Splitter, "Waterton") Read More

  • Golden Queen Mining Completes C$16.1 Million Bought Deal Financing

    VANCOUVER, July 25, 2016 /CNW/ - Golden Queen Mining Co. Ltd. (TSX:GQM; OTCQX:GQMNF) (the "Company" or "Golden Queen") announces that it has closed its previously announced bought deal offering of units of the Company.  Pursuant to the offering a total of 11,120,000 units of Golden Queen were sold at a price of C$1.45 per unit, for aggregate gross proceeds of C$16,124,000.  The offering was made through a Read More

  • McEwen Mining Announces Q2 2016 Production Results, Increases Cash and Bullion to $57 Million

    TORONTO, July 25, 2016 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce that total production for the second quarter (“Q2”) was 39,555 gold equivalent ounces(1) using a gold to silver ratio of 75:1, or 27,888 gold ounces and 875,006 silver ounces. Production is on target to achieve our 2016 guidance of 144,000 gold equivalent ounces, or 99,500 gold ounces and 3,337,000 silver ounces. Read More

  • Mariana Resources Reports Increased High Grade Gold-Copper Resource and Maiden Zinc Resource at Hot Maden Project

    GUERNSEY, UK, July 25, 2016 (GLOBE NEWSWIRE) -- Mariana Resources Ltd ('Mariana' or 'the Company'), the AIM listed exploration and development company with projects in Turkey and South America, is pleased to announce the results of an Updated Mineral Resource estimate for the high grade gold-copper ('Au-Cu') Hot Maden Project ("HM"), eastern Turkey (Figure 1). The Updated Mineral Resource estimate has been prepared by independent mining consultants Read More

  • Agnico Eagle Announces Additional Investment in Belo Sun

    TORONTO, July 25, 2016 /CNW/ - Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) ("Agnico Eagle") announced today that, on July 22, 2016, Agnico Eagle agreed to purchase 14,922,760 common shares (the "Subject Shares") of Belo Sun Mining Corp. (TSX:BSX) ("Belo Sun") pursuant to Belo Sun's previously announced underwritten public offering of 77,320,000 common shares (the "Offering").  Agnico Eagle will pay Cdn.$0.85 per Subject Share, for total Read More

  • North Arrow Reports Microdiamond Results and Completion of Till Sampling Program at Pikoo, Saskatchewan

    VANCOUVER, BC--(Marketwired - July 25, 2016) - North Arrow Minerals Inc. (TSX VENTURE: NAR) is pleased to announce additional microdiamond results from the 2016 drilling program at the Pikoo Diamond Project. The Company has also concluded a summer till sampling program at the project, which is located in central eastern Saskatchewan, approximately 10 km north of the road accessible community of Deschambault Lake. The microdiamond results confirm that Read More

  • Alacer Gold Announces Second Quarter 2016 Operating & Financial Results

    TORONTO, July 24, 2016 (GLOBE NEWSWIRE) -- Alacer Gold Corp. (“Alacer” or the “Corporation”) (TSX:ASR) (ASX:AQG) announced today that it has filed its 2016 second quarter operating, financial results and related management’s discussion and analysis (“MD&A”). The corresponding financial statements and MD&A are available on www.AlacerGold.com and on www.sedar.com. All currencies referenced herein are denominated in USD unless otherwise stated. Rod Antal, Alacer’s President and Chief Executive Officer, stated, “Çöpler’s Read More

  • Golden Star Reports Second Quarter 2016 Results

    TORONTO, July 25, 2016 /CNW/ - Golden Star Resources Ltd. (NYSE MKT: GSS; TSX: GSC; GSE: GSR) ("Golden Star" or the "Company") reports its financial and operational results for the second quarter ended June 30, 2016. Highlights: Gold production of 42,461 ounces during the second quarter of 2016, in line with expectations Consolidated cash operating costs1 of $959 per ounce, in line with expectations, a decrease of Read More

  • Kennady Diamonds Announces Faraday 2 Mini Bulk Sample Diamond Recovery Result

    TORONTO, July 25, 2016 /CNW/ - Kennady Diamonds Inc. ("Kennady Diamonds", the "Company") (TSX-V: KDI) is pleased to announce the diamond recovery results from the 2016 Faraday 2 mini-bulk sample.  The 21.1 tonne sample was recovered from two large diameter reverse-circulation drillholes and was processed by dense media separation ('DMS') at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council ('SRC'), which is accredited to the Read More

  • Armor Minerals Closes $1,000,000 Private Placement

    VANCOUVER, July 25, 2016 /CNW/ - Armor Minerals Inc. (TSX-V: A) ("Armor" or the "Company") is pleased to announce it has closed the previously announced non-brokered private placement of 5,000,000 units at a price of $0.20 per unit for gross proceeds of $1,000,000 (the "Private Placement"). Each unit consists of one common share and one half of one common share purchase warrant. Each whole common share purchase Read More

  • Solitario Exploration & Royalty Reports Results of Annual Meeting of Shareholders

    DENVER--(BUSINESS WIRE)--Solitario Exploration & Royalty Corp. (“Solitario;” NYSE MKT: XPL; TSX: SLR) is pleased to announce the results of its annual meeting of shareholders held on June 14, 2016 in Solitario’s corporate headquarters in Wheat Ridge, Colorado. A total of 31,366,975 common shares, representing approximately 80.0% of common shares, were represented in person or by proxy at the meeting. The five director nominees proposed by management Read More

  • Otis Initiates 2016 Drill Program at Kilgore Gold Project, Idaho

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 25, 2016) - Otis Gold Corp. ("Otis" or the "Company") (TSX VENTURE:OOO)(OTC PINK:OGLDF) is pleased to announce that it has commenced a first phase 5,500-meter, 20-hole drill program at its flagship Kilgore Gold Project, Clark County, Idaho. This program will be funded from existing capital on hand and funds generated from the recently announced private placement (see News Release dated June 30, 2016 Read More

  • Sherritt International Announces Q2 2016 Results

    TORONTO, ON--(Marketwired - July 25, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Sherritt International Corporation ("Sherritt" or the "Corporation") (TSX: S), the 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, 2016. "Our Moa JV operations performed well in the quarter Read More

  • Osisko Mining Decreases Equity Interest in ValGold Resources

    TORONTO, ONTARIO--(Marketwired - July 25, 2016) - Osisko Mining Inc. (TSX:OSK) (the "Corporation") announces that, through a series of trades on July 25, 2016, it disposed of an aggregate of 1,000,000 common shares of ValGold Resources Ltd. ("ValGold") through the facilities of the TSX Venture Exchange at an average price of approximately $0.0366 per share for total consideration of $36,000 (the "Transactions"). Immediately prior to the Transactions, the Read More

  • Perseus Mining Provides Activity Report for June 2016 Quarter

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  • 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. 

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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