Tag: Gold Mining

Canadian Stocks

Canadian Stock Picks for Monday, September 12, 2016

Venture Exchange Stocks with News:   V.TGV Tango Mining Limited: BK11 Diamond Mine, Botswana, Acquisition Not Completed Sep 12, 2016 9:01 AM   V.CMJ Colombian Mines Mercedes Project Returns Highly Favorable Metallurgical Results Sep 12, 2016 9:00 AM   V.RBX Robex Recovers the Kamasso Exploration Permit Sep 12, 2016 8:50 AM   V.AOT Ascot Resources Intersects 76.30 g/t Gold Over 1.00 Metre at Premier Sep 12, 2016 8:38 AM   V.BTL BTL Group Agrees to Partner With Fantasy 6 to Bring Blockchain Technology to Fantasy Sports Industry Sep 12, 2016 8:32 AM   V.REX Orex Continues to Hit Silver on the

WGE Holdings Corp. Announces Agreement to Acquire Controlling Interest in Philippines Gold Mining Operation

LOS ANGELES, Aug. 29, 2016 (GLOBE NEWSWIRE) — WGE Holdings Corp. (OTC:WGEE), to be renamed Consolidated Gold Holdings, today announced it has signed a preliminary purchase agreement to acquire a 65 percent interest in an established deep shaft gold mining operation located in Luzon, the largest island in the Philippines, with an option to acquire the remaining interest over a five-year period.  The transaction is expected to be completed by year end. The facility, one of the most successful gold mines in the Luzon region, includes a 300-meter vertical shaft with lift, horizontal shafts, crushers, high-capacity ball mill, floatation tanks,

WGE Holdings Acquires Additional Indonesian Mining Site

LOS ANGELES, Aug. 26, 2016 (GLOBE NEWSWIRE) — WGE Holdings Corp. (OTC:WGEE) today announced it has acquired an additional site to be operated in conjunction with its existing gold mining properties in Northern Indonesia. The newly acquired mining operation, based in West Sulawesi, a province of Indonesia, has a reserve area of 10 hectares and utilizes heap leach technology through a series of smaller leach pads, which have a comparatively lower operating cost per ounce of production than the company’s existing leaching facilities. Production of up to 2.5kg/month from this new operation is scheduled to commence in October. As recently

Nevada Zinc Reports on Yukon Gold Project Developments Including New Property Acquisition

TORONTO, Aug. 08, 2016 (GLOBE NEWSWIRE) — Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V:NZN) is pleased to report significant developments that impact its Yukon based VIP Project located west of Kaminak Gold Corporation’s previously owned Coffee Gold Project (Kaminak Gold was purchased by Goldcorp Inc. on July 19, 2016 in a share exchange valued at approximately $521 million). The Company acquired its large unexplored VIP Project land package before the Kaminak Gold announcement of its Coffee Gold discoveries in 2010 and has recently added significantly to its VIP Project land package by acquiring the 16 square kilometre Wolf

Alacer Gold Comments on Recent Events in Turkey

TORONTO, July 17, 2016 (GLOBE NEWSWIRE) — Alacer Gold Corp. (“Alacer” or the “Company”) (TSX:ASR) and (ASX:AQG) reports that after initiating our contingency plans, the Company is able to confirm that all personnel have been accounted for and are safe. All activities at the Çöpler Mine are operating as normal and there were no local disruptions. Alacer will continue to closely monitor the situation over the coming days. The Çöpler Mine is located in east-central Turkey in the Erzincan Province, approximately 700 miles southeast from Istanbul, Turkey and 340 miles east from Ankara, Turkey’s capital city. About Alacer  Alacer is a leading

Alacer Gold Continues to De-Risk Sulfide Project With Execution of Hedging Program

TORONTO, June 24, 2016 (GLOBE NEWSWIRE) — Alacer Gold Corp. (“Alacer” or the “Corporation”) (TSX:ASR) and (ASX:AQG) as previously announced the Corporation has been pursuing a hedging program for a portion of its oxide gold production as part of it’s de-risking efforts. The Corporation has sold 160,000 ounces of forward gold contracts at $1,273 per ounce for the period from July 2016 to September 2018. Hedging a portion of the oxide production is a prudent strategy that secures gold price during the construction of the Sulfide Project. Revenue from gold production during this period will be used to fund the sulfide plant construction costs.

Alacer Gold Signs $350 Million Project Finance Facility

TORONTO, June 17, 2016 (GLOBE NEWSWIRE) — Alacer Gold Corp. (“Alacer” or the “Corporation”) (TSX:ASR) and (ASX:AQG) is pleased to announce the signing of the previously announced $350 million senior secured project finance facility (“the Facility”) with BNP Paribas (Suisse) SA, ING Bank A.S., Societe Generale Corporate & Investment Banking and UniCredit Bank Austria AG. The Facility has an 8-year term, interest rates of LIBOR plus 3.5% to 3.95%, no mandatory hedging requirements and no early repayment penalties. Advances under the Facility are subject to customary conditions precedent including execution of security documentation. The agreement will be posted on SEDAR. As part of the

Xtra-Gold Resources Corp.: Cobra Creek Gold Corridor Channel Sampling Continues to Yield High Grade Gold

TORONTO, June 16, 2016 (GLOBE NEWSWIRE) — Xtra-Gold Resources Corp. (“Xtra-Gold” or the “Company”)  (TSX: XTG) (OTCBB:XTGRF),  is  very  pleased  to  announce  latest  channel sampling results from the Cobra Creek Gold Corridor prospect, on the   Company’s wholly- owned Kibi Gold Project, located in the Kibi – Winneba greenstone belt (the “Kibi Gold Belt”), in Ghana,  West  Africa. Highlights of the recently implemented outcrop stripping / channel sampling program include: saw-cut channel sample composites grading 23.62 grams per tonne (“g/t”) gold over 5 m, including 67.9 g/t gold over 0.9 m (#KBCS023-46); and 20.48 g/t gold over 4.58 m, including 35.47

Alacer Gold Announces First Quarter 2016 Operating & Financial Results

TORONTO, May 12, 2016 (GLOBE NEWSWIRE) — Alacer Gold Corp. (“Alacer” or the “Corporation”) (TSX:ASR) and (ASX:AQG) announced today that it has filed its 2016 first 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 continued to deliver as expected in the first quarter.  Production will increase in the second half of the year as guided.  We are also continuing to make encouraging progress at the Yakuplu North

Alacer Gold Announces First Quarter 2016 Operating & Financial Results

TORONTO, May 12, 2016 (GLOBE NEWSWIRE) — Alacer Gold Corp. (“Alacer” or the “Corporation”) (TSX:ASR) and (ASX:AQG) announced today that it has filed its 2016 first 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 continued to deliver as expected in the first quarter.  Production will increase in the second half of the year as guided.  We are also continuing to make encouraging progress at the Yakuplu North

Alacer Gold Announces First Quarter 2016 Operating & Financial Results

TORONTO, May 12, 2016 (GLOBE NEWSWIRE) — Alacer Gold Corp. (“Alacer” or the “Corporation”) (TSX:ASR) and (ASX:AQG) announced today that it has filed its 2016 first 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 continued to deliver as expected in the first quarter.  Production will increase in the second half of the year as guided.  We are also continuing to make encouraging progress at the Yakuplu North

Alacer Gold Announces Copler Sulfide Project Approval

TORONTO, May 12, 2016 (GLOBE NEWSWIRE) — Alacer Gold Corp. (“Alacer” or the “Company”) (TSX:ASR) (ASX:AQG) is pleased to announce the Board of Directors has approved full construction of the Çöpler Sulfide Project (the “Project”). In addition, the Company is providing today a comprehensive update for the Project. Rod Antal, Alacer’s President & Chief Executive Officer, stated, “The positive decision to proceed with the full construction of the Çöpler Sulfide Project represents a major milestone. The substantial amount of work completed provides the detailed support on which to base our investment decision and further validates our confidence in delivering long-term growth at

Alacer Gold Receives Approval of Numerous Land Use Permits for the Copler Mine

TORONTO, April 20, 2016 (GLOBE NEWSWIRE) — Alacer Gold Corp. (“Alacer” or the “Corporation”) (TSX:ASR) (ASX:AQG) is very pleased to announce that it has received approval for a number of permits from the Turkish authorities for Çöpler. These permits include the Forestry Permits required to fully construct the sulfide plant, the supporting infrastructure, and the tailings storage facility. These permits also allow for the completion of the remaining 30% of the Heap Leach Pad Phase 4 (“HLP4”) expansion. In addition, the Corporation received a number of exploration permits to continue drilling in and around the Çöpler District. Rod Antal, Alacer’s President and

Xtra-Gold Responds to Erroneous Public Disclosure Made by Buccaneer Gold and Clarifies the Status of the Banso and Muoso Option

TORONTO, Feb. 22, 2016 (GLOBE NEWSWIRE) — Xtra-Gold Resources Corp. (“Xtra-Gold”) (TSX:XTG) (OTCQB:XTGRF):  The management of Xtra-Gold wishes to clarify certain erroneous public disclosures made by Buccaneer Gold Corp. (“Buccaneer”) about its business affairs with Xtra-Gold in Buccaneer’s filings made on Sedar. As has been previously disclosed by Xtra-Gold, on July 24, 2015, Buccaneer filed an action in the Ontario Superior Court of Justice against Xtra-Gold and another individual (the “Action”). In the Action, Buccaneer alleges that in July, 2010, Buccaneer and Xtra-Gold entered into a letter of intent (the “LOI”) to option (the “Option”) Xtra-Gold’s Banso and Muoso prospecting

SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Primero Mining Corp. and Certain Officers – PPP

NEW YORK, Feb. 17, 2016 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against Primero Mining Corp. (“Primero” or the “Company”) (NYSE:PPP) and certain of its officers.   The class action, filed in United States District Court, Central District of California, and docketed under 16-cv-01095, is on behalf of a class consisting of all persons or entities who purchased Primero securities between October 5, 2012 and February 3, 2016 inclusive (the “Class Period”).  This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act

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Beginners Guide to Investing in Gold and GoldStocks

[nextpage title=”gold” ] With our beginners guide to gold investing, we are going to make a couple of assumptions up-front. You want to invest in gold bars, gold coins, gold stocks or gold futures because you think gold is undervalued and has a very significant upside. If that’s your assumption, we agree and will move on to discuss the different ways to invest in gold.      [/nextpage][nextpage title=”gold” ]   Defining Terms: Let’s define a few terms here that describe the different categories of gold investing. Like I mentioned above, there are several ways to invest in gold.   

News: $CDE – Coeur Files Technical Report for Palmarejo Complex

Seven-Year Mine Life with Average Annual Production of Nearly 12 million AgEq Ounces Unit Costs 13% Lower than Last Filed Technical Report CHICAGO, Nov. 02, 2015 (GLOBE NEWSWIRE) — Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE:CDE) announced that it has filed a National Instrument 43-101 technical report for its Palmarejo silver-gold mining complex in Mexico. The report dated November 2, 2015 may be obtained on www.sedar.com. Mitchell J. Krebs, Coeur’s President and Chief Executive Officer, said, “The technical report reflects a robust, high-margin mine plan at current metal prices showing substantial improvements in production, mine life, grades, recoveries, costs,

Mexus Gold US Julio/Santa Elena Update

CARSON CITY, Nev., Sept. 14, 2015 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB:MXSG) (“Mexus” or the “Company”), Mexus president Paul Thompson recently returned from Caborca, Sonora State, Mexico where he met with Julio Baltazar, Vice President of Mexus Gold Mining SA de CV.  Mr. Thompson and Mr. Baltazar discussed the Santa Elena/Julio project and reviewed the equipment currently sitting idle on the property.  Both are extremely happy with the progress at the Julio/Santa Elena property.  A general valuation was made and the equipment was determined to be worth approximately $500,000.  The recent agreement with Argonaut Gold (TSE:AR) has eliminated the

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News: Tango Mining Limited #TSX #Venture $TGV

Tango Gold Mines Incorporated Changes Its Name to Tango Mining Limited Tango Mining Limited (“Tango” or the “Company”) (TSX VENTURE:TGV) is pleased to announce that the TSX Venture Exchange (the “Exchange”) has approved the Company’s change of name from Tango Gold Mines Incorporated to Tango Mining Limited. The name was chosen to reflect Tangos new operational ethos and corporate growth strategy that is focused on diversification from an exploration focused company to that of a mining concern, with its existing operations that generate free cash flow, and Tangos ambition to acquire and develop additional assets, with a focus on coal,

Canadian Stocks

Diamond Drill Results From Camino Minerals Corporation’s El Secreto Gold and Silver Project

Camino Minerals Corporation (TSX VENTURE: COR) (“Camino” or the “Company”) has received final assay results from the recently completed diamond drill campaign at the El Secreto Gold and Silver Project (“El Secreto”), located in Sinaloa State, Mexico. Camino drilled a total of 2,984 metres in 13 holes between the months of April and July. Seven different targets, including epithermal and mesothermal vein systems and porphyry targets, were tested within a 54 square kilometre area. The objective of the diamond drill program was twofold: 1) to test for significant gold and silver mineralization in stockwork zones and ore shoots below the