Latest News Releases

Premier Gold identifies prospective open pit targets near Hardrock

Premier Gold identifies prospective open pit targets near Hardrock

Shares Issued: 151,496,475 THUNDER BAY, ON, April 23, 2014 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) is pleased to announce that it will begin exploration to test the Bankfield West and Viper target areas, two highly prospective open pit target areas along strike from the Company's 100%-owned Hardrock Project that is host to the multi-million ounce Hardrock ope... Read more

Red Eagle Mining Continues to Advance the San Ramon Gold Deposit During 2013

Red Eagle Mining Continues to Advance the San Ramon Gold Deposit During 2013

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 23, 2014) - Red Eagle Mining Corporation (TSX VENTURE:RD)(OTCQX:RDEMF) is pleased to announce financial results for the year ending December 31, 2013 and business highlights to date, including advancements at Red Eagle Mining's San Ramon Gold Deposit in Antioquia, Colombia. 2014 work pro... Read more

Troy Secures A$100 Million Facility From Investec to Complete Funding Requirements for the Karouni Gold Project in Guyana

Troy Secures A$100 Million Facility From Investec to Complete Funding Requirements for the Karouni Gold Project in Guyana

PERTH, WESTERN AUSTRALIA--(Marketwired - April 23, 2014) - NOT FOR RELEASE TO UNITED STATES NEWSWIRE SERVICES Gold producer Troy Resources Limited (TSX:TRY)(ASX:TRY) (Troy or Company) is pleased to announce that it has signed a Mandate Letter and Term Sheet with Investec Bank (Investec) for the provision of a Revolving Corporate... Read more

Newcrest Mining Limited - Quarterly Report for the three months ending 31 March 2014

Newcrest Mining Limited - Quarterly Report for the three months ending 31 March 2014

MELBOURNE, Australia, April 23, 2014 /CNW/ - Newcrest Mining Limited (ASX: NCM) - Quarterly Report for the three months ending 31 March 2014 (these figures are unaudited) Key Points Quarterly gold production of 551,590 ounces Quarterly copper production of 21,012  tonnes Average realised gold price for the quarter of A$1,450/oz Group All-In Sustaining Cos... Read more

Newcrest Mining Limited - Managing Director and Chief Executive Officer's Transition Timing

Newcrest Mining Limited - Managing Director and Chief Executive Officer's Transition Timing

MELBOURNE, Australia, April 23, 2014 /CNW/ - Newcrest Mining Limited (ASX: NCM) ("Newcrest") today announced the appointment of Sandeep Biswas as Managing Director and Chief Executive Officer, which will take effect on 4 July 2014. As previously announced, Mr Biswas commenced with Newcrest on 1 January 2014 as Chief Operating Officer and as an Executive Director... Read more

Madison Minerals Receives TSX Venture Exchange Conditional Approval for Reverse Takeover Acquisition of Battle Mountain Gold Inc.

Madison Minerals Receives TSX Venture Exchange Conditional Approval for Reverse Takeover Acquisition of Battle Mountain Gold Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 22, 2014) - Madison Minerals Inc. ("Madison" or the "Company") (TSX VENTURE:MMR)(OTCQB:MMRSF) is pleased to announce that the TSX Venture Exchange (the "Exchange") has granted conditional acceptance ("Exchange Conditional Approval") to Madison for the proposed reverse takeover transaction with Ba... Read more

Cangold Re-Prices Non-Brokered Financing

Cangold Re-Prices Non-Brokered Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 22, 2014) - CANGOLD LIMITED (TSX VENTURE:CLD) (the "Company") announces that it is amending the pricing of the non-brokered private placement announced on February 24, 2014. Due to softening market conditions, the financing will now consist of up to 7,500,000 units at a price of $0.10 per unit wi... Read more

Catalyst Copper Appoints New Director

Catalyst Copper Appoints New Director

Trading Symbol: CCY VANCOUVER, April 22, 2014 /CNW/ - Catalyst Copper Corp. ("Catalyst" or the "Company") (TSX VENTURE:CCY) announces that Matthew Lawson, CA has been appointed as a director of the Company. About Catalyst Copper: Catalyst Copper Corp. is a copper and base metal company with a focus on copper mining projects in Mexico. Our current focus is th... Read more

Marengo Appoints New Chief Executive Officer

Marengo Appoints New Chief Executive Officer

PERTH, WESTERN AUSTRALIA--(Marketwired - April 22, 2014) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Marengo Mining Limited ("Marengo" or the "Company") (TSX:MRN)(ASX:MMC)(POMSoX:MMC) is pleased to announce the appointment of current Director, Mr. Pieter Britz, as Chief E... Read more

Manado Closes Tranche 1 of Private Placement

Vancouver, BC /T NW-ACCESSWIRE / April 22, 2014 / Manado Gold Corp. ("Manado") (TSX-V: MDO) is pleased to announce that it has closed the first tranche of its previously announced private placement financing (see news release dated March 27, 2014) by issuing 1,500,000 units at a price of $0.05 per unit for gross proceeds of $75,000. Each... Read more

Lundin Mining to Release First Quarter 2014 Results Tuesday, April 29, 2014

Lundin Mining to Release First Quarter 2014 Results Tuesday, April 29, 2014

TORONTO, ONTARIO--(Marketwired - April 22, 2014) - Lundin Mining Corporation ("Lundin Mining" or the "Company") (TSX:LUN)(OMX:LUMI) announces that the report for the first quarter period ended March 31, 2014 will be published after the close of the trading day in Toronto on Tuesday, April 29, 2014. The Company will hold a telephone conf... Read more

Veris Gold Corp. (TSX: VG) and Klondex Mines Ltd. (TSX: KDX) jointly announced on Tuesday that both parties have entered into a mutually beneficial toll milling agreement.

Terms of the agreement call for Veris Gold to take delivery of non-refractory gold ore that will be direct shipped from Klondex Mine’s Fire Creek Gold Mine beginning in Q3 2013.

The Fire Creek Gold mine, which is 100% owned by Klondex Mines and located in Lander County, Nevada in the Battle Mountain gold trend, contains a National Instrument (NI) 43-101 mineral resource estimate of 1.6 million ounces of gold in the indicated category as well as 460,000 ounces in the inferred category.

Veris Gold, which operates the Jerritt Canyon Mine and Mill in Elko County, Nevada, has agreed to take delivery of ore from Klondex in exchange for a toll milling fee of $148.50 per short ton. Klondex has also agreed to provide an upfront payment, which will be credited against future fees, to assist Veris in refurbishing the wet mill circuit at Jerritt Canyon.

"The Nevada team delivers another important milestone for Klondex; the group has a reputation of consistently delivering and this is another great example, said Klondex President and CEO Paul Huet. “2013 is a pivotal year for us as we continue to de-risk the Fire Creek asset. The excavation of the secondary egress, necessary to begin our bulk sampling, is now 20% complete and is on-track to be commissioned mid-June, 2013. Now, through this milling agreement with Veris Gold, we have a place to process mineralized material from Fire Creek.”

Veris Gold COO Randy Reichert added: “This second toll milling agreement adds to our third party ore processing revenue stream and provides an excellent additional source of ore as the Klondex team ramps up their mining operations into 2014. This agreement will further reduce our costs by making use of the excess capacity at the Jerritt Canyon Mill when we begin processing the Fire Creek ore in the third quarter of 2013. We look forward to working with yet another gold producing neighbour in Nevada.”

The mineral processing operations at Jerritt Canyon are unique in that it is one of only three mills in Nevada that can effectively process high refractory ores, such as those that will be shipped from the Fire Creek mine.

Refractory material represents un-oxidized ores hat are not amenable to conventional cyanide extraction techniques. The mills at Jerritt Canyon utilize a roasting circuit process that effectively treats refractory ores so that the precious metals can be recovered.

Shares of Veris Gold gained 3% during Tuesday’s session to close at $1.71 per share while Klondex Mines slipped -8.7% to close at $1.05 per share.

Veris Gold is traded on the TSX under the ticker symbol VG. Veris has 107 million shares outstanding and a market cap of $184 million.

Klondex Mines is also traded on the TSX under the ticker symbol KDX. Klondex has 55 million shares outstanding and a market cap of $58 million.

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