ALL NEWS RELEASES

  • Osisko Announces $150 Million Bought Deal Financing

    MONTREAL, QUEBEC--(Marketwired - Feb. 8, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION TO UNITED STATES Osisko Gold Royalties Ltd. (the "Corporation" or "Osisko") (TSX:OR) today announces that it has entered into an agreement with a syndicate of underwriters, co-led by BMO Capital Markets and RBC Capital Markets, pursuant to which the underwriters have agreed to buy on a bought deal basis, Read More

  • Osisko Announces Letter of Intent From Investissement Quebec for $50 Million Financing

    MONTRÉAL, QUÉBEC--(Marketwired - Feb. 8, 2016) - Osisko Gold Royalties Ltd (the "Company" or "Osisko") (TSX:OR) is pleased to announce that it has accepted a letter of intent from Ressources Québec, a wholly-owned subsidiary of Investissement Québec, for a $50 million financing. Under the terms of the letter of intent, it is contemplated that Ressources Québec subscribe to a $50 million convertible debenture, which will mature in five Read More

  • Alabama Graphite Corp. Responds to Unsubstantiated Allegations in News Release

    TORONTO, ONTARIO--(Marketwired - Feb. 8, 2016) - Alabama Graphite Corp. ("AGC" or the "Company") (TSX VENTURE:ALP)(OTCQX:ABGPF)(FRANKFURT:1AG) was disappointed earlier today by a press release that was issued by Northern Graphite Corporation ("NGC"), which made unsubstantiated and speculative allegations against AGC. AGC's management believes the press release was intended to bolster NGC's position within the graphite development industry and distract AGC from its objectives of commercializing its projects and Read More

  • Tahoe Resources and Lake Shore Gold Announce Business Combination

    VANCOUVER, British Columbia, Feb. 8, 2016 /CNW/ -- Tahoe Resources Inc. ("Tahoe") (TSX, BVL: THO, NYSE: TAHO) and Lake Shore Gold Corp. ("Lake Shore Gold") (TSX: LSG) are pleased to announce that they have entered into a definitive agreement (the "Arrangement Agreement") whereby Tahoe will acquire all of the issued and outstanding shares of Lake Shore Gold (the "Transaction"). Under the terms of the Arrangement Agreement, all Read More

  • Alacer Gold announces 2015 year-end operating and financial results

    TORONTO, Feb. 8, 2016 /CNW/ - Alacer Gold Corp. ("Alacer" or the "Corporation") [TSX: ASR and ASX: AQG] announced today that it has filed its operating and financial results and related management's discussion and analysis ("MD&A") for the full-year ended December 31, 2015. 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. Read More

  • Fission's New R840W Zone to Receive Expanded Drill Program

    KELOWNA, BRITISH COLUMBIA--(Marketwired - Feb. 8, 2016) - FISSION URANIUM CORP. ("Fission" or "the Company") (TSX:FCU) (OTCQX:FCUUF) (FRANKFURT:2FU) is pleased to announce it will increase the size and budget of the winter drill program to account for additional drilling around the newly discovered R840W zone at its' PLS property, host to the Triple R deposit, in Canada's Athabasca Basin region. An additional $740,000 budgeted for 1,200m in four Read More

  • Randgold Bucks Industry Trend to Deliver Record Production for 2015

    JERSEY, CHANNEL ISLANDS--(Marketwired - Feb 8, 2016) - 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 RANDGOLD BUCKS INDUSTRY TREND TO DELIVER RECORD PRODUCTION FOR 2015 Cape Town, Monday 8 February 2016 - Randgold Resources chief executive Mark Bristow today described 2015 as one of the best years in the company's history Read More

  • Roxgold provides development update for the Yaramoko Gold Project

    TORONTO, Feb. 8, 2016 /CNW/ - Roxgold Inc. (the "Company" or "Roxgold ") (ROG.V) is pleased to provide a development update for the Yaramoko Gold Project (the "Project"). Development Highlights: Approximately US$64 million of the US$110.8 million capital estimate spent to date and the project remains on budget Project commissioning remains on target for Q2 2016 Overall construction program approximately 75% complete and on schedule Bulk earthworks complete Read More

  • Sarama Resources Increases Inferred Mineral Resources to 2.1 Million Ounces Gold at the South Hounde Project in Burkina Faso

    VANCOUVER, BC--(Marketwired - February 08, 2016) - Sarama Resources Ltd. (TSX VENTURE: SWA) ("Sarama" or the "Company") is pleased to announce an 87% increase1 in the oxide component of inferred mineral resources2 to 0.5 Moz3 of contained gold and a 40% increase4 in total inferred mineral resources to 2.1 Moz5 of contained gold at the South Houndé Project (the "Project") in south-west Burkina Faso. The revised mineral resource Read More

  • Cliffs Natural Resources Inc. to Settle Pending Class Action Lawsuit

    CLEVELAND, Feb. 7, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today announced that the Company has reached agreements in principle to settle both the putative federal securities class action pending in the United States District Court for the Northern District of Ohio, and the combined shareholder derivative actions pending in the Court of Common Pleas of Cuyahoga County, Ohio. The lawsuits were brought against the Read More

  • RNC Provides Update on Salt Lake Mining Acquisition

    TORONTO, Feb. 8, 2016 /CNW/ - Royal Nickel Corporation ("RNC") (TSX: RNX) is pleased to announce that Salt Lake Mining Pty Ltd. ("SLM") has sold its non-core 100%-owned Widgiemooltha and Carr Boyd exploration projects for a cash payment of A$1.6 million plus a future contingent payment of A$0.6 million. On February 1, 2016 RNC announced it reached agreement to acquire 67% interest in SLM. The acquisition is Read More

  • OceanaGold Announces Increased Equity Position in Gold Standard Ventures

    MELBOURNE, Feb. 8, 2016 /CNW/ - OceanaGold Corporation (TSX/ASX/NZX: OGC) (the "Company") is pleased to announce that pursuant to its equity participation rights with Gold Standard Ventures ("GSV") (TSXV: GSV), it has elected to purchase 12,565,265 common shares of GSV ("Additional Shares") in order to extend its equity ownership in GSV from 15.2% to 19.9% immediately following the purchase of the Additional Shares. The Additional Shares will Read More

  • Lake Shore Gold Announces Large Initial Resource at 144 Gap Deposit

    TORONTO, ONTARIO--(Marketwired - Feb. 8, 2016) - Resource estimate includes: 301,700 ounces in Indicated category (1,734,000 tonnes at average grade of 5.41 gpt) 319,200 ounces in Inferred category (1,914,000 tonnes at average grade of 5.19 gpt) New drilling confirms existing results and highlights opportunities for resource expansion Significant intersections within defined resource (but not included in resource estimate) include 49.92 gpt/22.7 m, 31.27 gpt/18.5 m, 10.56 gpt/7.8 m, Read More

  • Monument Appoints Senior Geological Adviser Klaus Eckof for DRC

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 8, 2016) - Monument Mining Limited (TSX VENTURE:MMY)(FRANKFURT:D7Q1) "Monument" or the "Company" is pleased to announce the appointment of Mr. Klaus Eckhof as an independent Senior Geological Adviser to the Company to acquire, develop and review potential gold property transactions within the Democratic Republic of Congo ("DRC") to build an inventory of significant gold resources within the country. Mr. Eckhof is a senior Read More

  • Lucara Announces Date for Its First Exceptional Stone Tender in 2016

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 8, 2016) - (TSX:LUC)(BOTSWANA:LUC)(NASDAQ OMX Stockholm:LUC) Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to announce the dates for its first Exceptional Stone Tender ("EST") of 2016. Viewing will take place in Gaborone from April 4 through April 13, 2016 with the tender closing at 1.00 p.m. CAT. The tender will feature ten diamonds with a combined weight of 1,525 carats including Read More

  • Kootenay Silver and Northair Silver Sign Definitive Agreement

    VANCOUVER, Feb. 8, 2016 /CNW/ - Kootenay Silver Inc. (TSX-V: KTN) ("Kootenay") and Northair Silver Corp. (TSX-V: INM) ("Northair") are pleased to announce that the companies have entered into a definitive arrangement agreement (the "Agreement") pursuant to which Kootenay has agreed to acquire all of the issued and outstanding common shares of Northair (the "Transaction"). The Agreement replaces the binding letter agreement previously announced on January 13, Read More

  • Orezone Grants Stock Options

    OTTAWA, ONTARIO--(Marketwired - Feb. 8, 2016) - Orezone Gold Corporation (TSX VENTURE:ORE) announces that in accordance with its Stock Option Plan and its annual compensation review, the Company has granted employees, executives and directors stock options to purchase up to an aggregate of 1,980,000 common shares, exercisable on or before February 8, 2026 at a strike price of $0.30 per share. The Company's Stock Option Plan, must be Read More

  • Khalkos: 12.95 g/t Au Over 0.5 Metre in Drilling on Malartic Project

    MONTREAL, QUEBEC--(Marketwired - Feb. 8, 2016) - KHALKOS EXPLORATION ("Khalkos") (TSX VENTURE:KAS) The management of Khalkos is pleased to announce drill hole MA-15-05 undertaken on the Malartic property, has intersected a high gold grade zone with visible gold of 12.95 g/t Au over 0.5 m at a vertical depth of 250 metres. All other drill holes undertaken on the property have intersected the target shear zone, thus, validating Read More

  • NovaCopper Releases Year End Results and Continues to Focus on Adding Long Term Value

    VANCOUVER, Feb. 8, 2016 /CNW/ - NovaCopper Inc. (TSX, NYSE-MKT: NCQ) ("NovaCopper" or "the Company") announces its financial results for the year and fourth quarter ended November 30, 2015 and provides a review on its activities during 2015. Details of the Company's financial results are contained in the audited consolidated financial statements and Management's Discussion and Analysis which will be available on the Company's website at www.novacopper.com, Read More

  • Brionor Resources Default Status Update

    TORONTO, ONTARIO--(Marketwired - Feb. 8, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Brionor Resources Inc. (the "Company") (TSX VENTURE:BNR) today is pleased to report that it has been notified by the Autorite Des Marches Financiers that the Management Cease Trade Order imposed on December 29, 2015 has now been rescinded, as the company is now up to date Read More

  • Randgold Resources : Notification of Major Interest in Shares

    JERSEY, CHANNEL ISLANDS--(Marketwired - Feb 8, 2016) - (LSE: RRS) (NASDAQ: GOLD) RANDGOLD RESOURCES LIMITED Incorporated in Jersey, Channel Islands Reg. No. 62686 LSE Trading Symbol: RRS NASDAQ Trading Symbol: GOLD ("Randgold Resources" or the "Company") TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:ii Randgold Resources Limited 2. Reason for the Read More

  • Marlin Gold Mining Ltd. Enters Into New Mining Contract to Double Mining Rate

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 8, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES Marlin Gold Mining Ltd. (TSX VENTURE:MLN) ("Marlin") is pleased to announce that it has executed a new mining contract that will nearly double the Company's mining rate at its La Trinidad mine in Sinaloa, Read More

  • Oban and NioGold File Joint Circular Seeking Shareholder Approval of Business Combination

    TORONTO, ONTARIO--(Marketwired - Feb. 8, 2016) - Oban Mining Corporation (TSX:OBM) ("Oban") and NioGold Mining Corp. (TSX VENTURE:NOX) ("NioGold") are pleased to announce that they have filed a joint management information circular (the "Circular") and related proxy materials in advance of their respective special shareholders' meetings seeking approval of, among other things, the Arrangement (as defined herein). The Circular is now being mailed to the shareholders of Oban Read More

  • Honey Badger Exploration Announces Resignation of Director

    TORONTO, ONTARIO--(Marketwired - Feb. 8, 2016) - Honey Badger Exploration Inc. (TSX VENTURE:TUF) announces that Peter Liabotis has resigned from the Board of Directors effective February 5, 2016. About Honey Badger Exploration Inc. Honey Badger Exploration is a diamond exploration company headquartered in Toronto, Ontario, Canada with properties in Québec and British Columbia. The company's common shares trade on the TSX Venture Exchange under the symbol "TUF". Neither Read More

  • A six-month extension of the custom milling agreement was signed by Abcourt and Richmont Mines Inc

    Mont-St-Hilaire, Quebec, Canada / February 8, 2016 / TheNewswire / Mr. Renaud Hinse, President and Chief Executive Officer of Abcourt Mines Inc. (TSX-V: ABI, Berlin: AML-BE and Frankfurt Stock Exchanges: AML-FF) ("Abcourt"") is pleased to announce that an extension of the custom milling of the Elder gold mineralized material at Usine Camflo Inc, a fully-owned subsidiary of Richmont Mines Inc, was signed on the first day of February last. Read More

  • Northern Graphite Advances Purification Technology

    OTTAWA, ONTARIO--(Marketwired - Feb. 8, 2016) - NORTHERN GRAPHITE CORPORATION (TSX VENTURE:NGC) (the "Company" or "Northern") announces that a major international engineering company has completed a fatal flaw analysis and scoping study with respect to the Company's proprietary purification process. It was concluded that Northern's process does not present any major technical challenges, can be carried out using relatively standard processing equipment and will not generate any harmful Read More

  • OceanaGold Exercises Right to Increase Ownership Interest in Gold Standard to 19.9%

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 8, 2016) - Gold Standard Ventures Corp. (TSX VENTURE:GSV) (NYSE MKT:GSV) ("Gold Standard" or the "Company") is pleased to announce that further to its news release of February 1, 2016 a wholly owned subsidiary of OceanaGold Corporation (TSX/ASX/NZX:OGC) ("OceanaGold") has agreed to purchase approximately 12,565,265 common shares (the "Common Shares") of the Company at a price of C$1.00 per Common Share for gross Read More

  • Quaterra Releases Results of Third Drill Hole at Bear Copper Deposit, Yerington, Nevada

    VANCOUVER, BC--(Marketwired - February 08, 2016) - Quaterra Resources Inc. ("Quaterra" or the "Company") (TSX VENTURE: QTA) (OTCQX: QTRRF) and its subsidiary Singatse Peak Services LLC ("SPS") today announced results from Hole B-050, the third core hole of a drill program to explore and further define the Bear deposit, a large porphyry copper system on the Company's 52-square mile property in the historic Yerington Copper District of Nevada. Read More

  • Komet Resources Inc.: First Technical Evaluation Report Recommends the Continuation of the Mine Operation and Exploration Work

    QUEBEC CITY, QUEBEC--(Marketwired - Feb. 8, 2016) - Komet Resources Inc. ("Komet" or the "Company") (TSX VENTURE:KMT) announces the filling of the first technical evaluation report compliant with the 43-101A1 Regulation for its Guiro project located in Burkina Faso. The author of the report, M. Jacques Marchand, an independent geologist engineer, concludes that the Company should continue the underground development at the Guiro mine as well as the Read More

  • Inspiration to Commence Trading on the Canadian Securities Exchange

    TORONTO, ONTARIO--(Marketwired - Feb. 8, 2016) - Inspiration Mining Corporation (the "Corporation") (CSE:ISM)(FRANKFURT:OI8)(OTC PINK:IRMGF) is pleased to announce that its common shares will commence trading through the facilities of the Canadian Securities Exchange on the opening of the market on Friday February 5, 2016 under its current trading symbol of "ISM". The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this Read More

  • Avnel Reports Metallurgical Recovery Results and Process Plant Design Parameters for Definitive Feasibility Study

    ST. PETER PORT, GUERNSEY--(Marketwired - Feb. 8, 2016) - Avnel Gold Mining Limited ("Avnel" or the "Company") (TSX:AVK) is announcing metallurgical test program results completed as part of a Definitive Feasibility Study ("DFS") for the Kalana Main Project in south-western Mali. The Company is also providing details on the processing plant design parameters for the DFS, which remains on track to be completed this quarter. All amounts are Read More

  • Kombat Copper Announces Strategic Management Changes with the Appointment of Paul Bozoki as President and CEO

    TORONTO, ONTARIO--(Marketwired - Feb. 8, 2016) - Kombat Copper Inc. (TSX VENTURE:KBT) ("Kombat Copper" or the "Company"), announces that a number of strategic changes to its management team have been implemented. Paul Bozoki, C.A., former CFO of Kombat Copper, has been appointed President and CEO and has joined the Board of Directors. Mr. Bozoki is a Chartered Accountant and holds an MBA from the Richard Ivey School of Read More

  • Paladin Energy Ltd: December Quarter 2015 Conference Call and Investor Update - 17 February 2016

    PERTH, WESTERN AUSTRALIA--(Marketwired - February 08, 2016) - Paladin Energy Ltd (ASX: PDN) (TSX: PDN) ("Company") announces that the Company will hold a telephone conference in conjunction with an Online Slide Show at 07:30 Perth and 07:30 Hong Kong on 17 February 2016 and 18:30 Toronto and 23:30 London on 16 February 2016, to give an update on the Company's activities. Paladin Update Date: 17 February 2016 Time: Read More

  • Explor Closes a First Tranche of a Private Placement in Common and Flow-Through Shares

    ROUYN-NORANDA, CANADA--(Marketwired - Feb. 8, 2016) - Explor Resources Inc. (TSX-VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) ("Explor" or the "Corporation") is pleased to announce that it has closed a first tranche of a non-brokered private placement of a maximum of 10,000,000 common shares and/or flow-through shares at a price of $0.10 each, for total gross proceeds of up to CDN $1,000,000. Each share is accompanied of one-half of a share purchase warrant, one Read More

  • Peruvian Receives Key Permits to Begin Test Mining Program at Igor

    Vancouver, British Columbia (FSCwire) - Peruvian Precious Metals Corp. (the "Company" or “Peruvian”) is pleased to announce that together with our mining partner Proyectos La Patagonia S.A.C. (“PLP”) we have received approval of the key permit to begin our test mining and underground bulk sampling program at our Igor Project in the Department of La Libertad in northern Peru. The Regional Government Ministry of Energy and Mines Read More

  • Rosita Mining Increases Stockpile Resources at Santa Rita Project In Nicaragua

    Strategic Focus on Near-Term Production Planning Toronto, Ontario / TheNewswire / February 8, 2016: Rosita Mining Corporation (RST: TSX-V) ("Rosita" or the "Company") is pleased to announce the results of an updated National Instrument 43-101 ("NI 43-101") indicated and inferred resource estimate for its 65%-owned Rosita gold-copper project in northeastern Nicaragua. Highlights: -Stockpile resources upgraded to Indicated category -Total gold and copper resources increased from the 2012 estimate Read More

  • Tahoe Resources and Lake Shore Gold Announce Business Combination

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 8, 2016) - Tahoe Resources Inc. ("Tahoe") (TSX:THO) (BVL:THO) (NYSE:TAHO) and Lake Shore Gold Corp. ("Lake Shore Gold") (TSX:LSG) (NYSE MKT:LSG) are pleased to announce that they have entered into a definitive agreement (the "Arrangement Agreement") whereby Tahoe will acquire all of the issued and outstanding shares of Lake Shore Gold (the "Transaction"). Under the terms of the Arrangement Agreement, all of the Read More

  • Jasper Mining Corporation to Raise $20,000 by Way of Private Placement

    CALGARY, Feb. 8, 2016 /CNW/ - Jasper Mining Corporation ("Jasper") (TSX-V:JSP) is pleased to announce a non-brokered private placement of $20,000 through the sale of 400,000 hard dollar units at $0.05 per unit. Each unit will consist of 1 common share and 1 common share purchase warrant with a term of 24 months, and an exercise price of $0.10. The common shares and warrants will have a Read More

  • Randgold Resources: Timetable for payment of dividend

    JERSEY, CHANNEL ISLANDS--(Marketwired - Feb 8, 2016) - 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  ('Randgold Resources' or the 'Company') TIMETABLE FOR PAYMENT OF DIVIDEND Jersey, Channel Islands, 8 February 2016 - Further to the announcement of Randgold Resources' fourth quarter and year end results for the period ended 31 December Read More

  • Tartisan Resources Corp. Announces the Closing of the Private Placement and Increases Offering

    Toronto, Ontario (FSCwire) - Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”) is pleased to announce the closing of its previously announced Private Placement and wishes to announce that the Company has increased the Offering by up to four million units. Private Placement Tartisan Resources Corp. is seeking to raise an additional $CDN 100,000 via non-brokered private-placement. The Company intends to issue an additional 4 million Read More

  • Geodex Announces Effective Date of Share Consolidation

    TORONTO, ONTARIO--(Marketwired - Feb. 8, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. Geodex Minerals Ltd. (TSX VENTURE:GXM) (the "Company") is pleased to announce that the consolidation of the common shares of the Company (the "Common Shares") on the basis of one (1) post-consolidation Common Read More

  • Revelo Announces an Option and Sale Agreement for its San Guillermo Project to Austral Gold

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 8, 2016) - Revelo Resources Corp. ("Revelo" or the "Company") (TSX VENTURE:RVL) is pleased to announce that it has signed an Option and Sale Agreement (the "Agreement") with Guanaco Cia. Minera SpA, a wholly owned Chilean subsidiary of Austral Gold Limited (ASX:AGD) ("Austral"), whereby Austral will have the sole and exclusive option and right to acquire a 100% undivided interest in Revelo's 12,500 Read More

  • Monument Enters Earn-In and JV Agreement on Matala Gold Project in DRC

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 7, 2016) - Monument Mining Limited (TSX VENTURE:MMY)(FRANKFURT:D7Q1) ("Monument" or the "Company") announces that it has entered into an "Earn-In and Shareholders Agreement" (the "JV Agreement" with Afrimines Resources S.A.R.L ("Afrimines") and its wholly owned subsidiary, Regal Sud Kivu S.A.R.L ("Regal") to earn up to 90% joint venture interest in the Matala Gold Project ("Matala Project" or "Matala"). Afrimines and Regal are both Read More

  • Lucara Diamond Press Conference

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 6, 2016) - (TSX:LUC)(BOTSWANA:LUC)(NASDAQ OMX Stockholm:LUC) Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to report that it will be holding a press conference at which William Lamb, President and CEO of Lucara, will be announcing the name of the 1,100+ carat gem quality Type IIa stone recovered at the Karowe Mine in Botswana in November of last year. This beautiful diamond Read More

  • Imperial Reports Huckleberry Mines Ltd. Provides Notice to Suspend Operations

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 5, 2016) - Imperial Metals Corporation ("Imperial" or the "Company") (TSX:III) reports that Huckleberry Mines Ltd. ("HML") has notified employees at the Huckleberry mine ("Mine") that operations will be suspended once the stockpiles have been milled. It is anticipated milling of the stockpiles will be completed by about the end of August 2016, and at that time the Mine will be temporarily placed Read More

  • Timmins Gold Reports 2015 Q4 and Year End Operating Results

    HERMOSILLO, MEXICO--(Marketwired - Feb. 5, 2016) - Timmins Gold Corp. (TSX:TMM)(NYSE MKT:TGD) ("Timmins" or the "Company") reports its preliminary production results for the Company's fourth quarter and year ended December 31, 2015. The Company achieved production of 22,943 gold equivalent ounces for the quarter and 93,353 gold equivalent ounces for the fiscal year and by doing so slightly beating its revised guidance. Three Months Ended December 31, 2015: Read More

  • Cameco Reports Fourth Quarter and 2015 Financial Results

    SASKATOON, SASKATCHEWAN--(Marketwired - Feb. 5, 2016) - delivered on annual guidance amid weak market conditions solid uranium segment results, record annual revenue and average realized price owing to a weaker Canadian dollar record annual uranium production on the back of strong results at Cigar Lake write-down of $210 million in the fourth quarter related to our Rabbit Lake operation Cameco (TSX:CCO) (NYSE:CCJ) today reported its consolidated financial and Read More

  • Silvercorp Reports Q3 Fiscal 2016 Financial and Operating Results and Fiscal 2017 Guidance Issued

    VANCOUVER, Feb. 5, 2016 /CNW/ -Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) reported its financial and operating results for the third quarter ended December 31, 2015 ("Q3 Fiscal 2016"). All amounts are expressed in US Dollars. THIRD QUARTER HIGHLIGHTS Cash flows from operations of $9.6 million, or $0.06 per share; Repurchased 684,700 common shares of the Company; Ended the quarter with $66.8 million in Read More

  • Fission Responds to Limited Technical Disclosure Review by BCSC

    KELOWNA, BRITISH COLUMBIA--(Marketwired - Feb. 5, 2016) - FISSION URANIUM CORP. (the "Company" or "Fission") (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) is issuing this news release to clarify certain of its disclosure. Non-compliant disclosure of Preliminary Economic Assessment ("PEA") (February 5, 2016) - The Company disclosed the results of the PEA of its Patterson Lake South Property ("PLS") in its January 27, 2016 Corporate Presentation ("Presentation") and in its September 17, 2015 CEO Corner Read More

  • Lake Shore Gold Comments on Trading Activity

    TORONTO, ONTARIO--(Marketwired - Feb. 5, 2016) - Lake Shore Gold Corp. (TSX:LSG) (NYSE MKT:LSG) ("Lake Shore Gold" or the "Company") is issuing this press release in response to a request by market regulation services to comment on recent trading activity in its stock. The Company has also become aware of speculation concerning a potential transaction involving the Company. As a general policy, the Company does not publicly comment Read More

  • Marlin Gold Mining Ltd. Announces Grant of Stock Options and Cancellation of Previously Granted Restricted Share Units

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 5, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES Marlin Gold Mining Ltd. (TSX VENTURE:MLN) ("Marlin" or the "Company") announces that it has granted an aggregate of 6,000,000 incentive stock options (the "Options") today to certain directors and/or officers of the Company pursuant Read More

  • Osisko-Barkerville Close Royalty Financing and Private Placement

    MONTREAL, QUEBEC and TORONTO, ONTARIO--(Marketwired - Feb. 5, 2016) - Osisko Gold Royalties Ltd (the "Corporation" or "Osisko") (TSX:OR) and Barkerville Gold Mines Ltd. ("Barkerville") (TSX VENTURE:BGM) (collectively the "Companies") are pleased to announce that they have closed their previously announced royalty financing and private placement. Sean Roosen, Chairman and Chief Executive Officer of Osisko commented on the transaction: "This is an important milestone in respect to our Read More

  • Amerigo Announces Q4-2015 and Full Year Production Results

    VANCOUVER, BC--(Marketwired - February 05, 2016) - Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company") announced today production results for the fourth quarter of 2015 from Minera Valle Central ("MVC"), the Company's operations located near Rancagua, Chile. MVC produced 10.860 million pounds of copper, including copper produced pursuant to MVC's tolling contract with Minera Maricunga during the three months ended December 31, 2015. Production for the full Read More

  • Rapier Gold Inc. Announces Completion of Expenditure Requirement of Rio Tinto Share Purchase Agreement, Extension of Private Placement, Advance Notice Provisions

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 5, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Rapier Gold Inc. (TSX VENTURE:RPR) (the "Company") is pleased to confirm that, with the completion of the recent drill program on the Fox Outcrop of the Talc Mine Area, we have fulfilled the expenditure requirement on Pen Gold North of $1,500,000 under the share Read More

  • Century Announces Filing of Third Quarter Results and Completion of Continuation to the Cayman Islands

    TORONTO, ONTARIO--(Marketwired - Feb. 5, 2016) - Century Global Commodities Corporation (TSX:CNT), formerly Century Iron Mines Corporation (TSX-FER) ("Century" or the "Company"), is pleased to announce that it has filed its condensed consolidated interim financial statements for the third fiscal quarter ended December 31, 2015 and the related management's discussion and analysis ("MD&A") on SEDAR. Copies of these documents will also be posted on Century's website at www.centuryglobal.ca. 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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