Pure Gold raises C$23M for ramp-up
[ad_1] The company had declared commercial production last month at PureGold in the province’s Red Lake district. The placement was priced at $1.05 per unit. Pure Gold said it intended to use the net proceeds to fund the continued ramp up of operations at the mine, underground drilling and development of the high-grade 8 Zone […]
Dynasty Gold secures Teck’s Thundercloud
[ad_1] Teck will retain a 2% net smelter returns royalty. Dynasty said yesterday it had signed an amending agreement with Teck, deeming the junior to have exercised its option to acquire 100%, upon completing a cash payment of C$100,000. It must also pay $2 million on a production decision and has granted Teck the right […]
Cameroon launches project to end child labour in gold mining
[ad_1] YAOUNDE, Sept. 28 (Xinhua) — Authorities of Cameroon’s National Mining Corporation (SONAMINES) on Tuesday launched a project to stamp out child labour in small-scale gold mines in the country’s East region that harbours more than 300 mining sites. The project dubbed “zero children in gold mines” will discourage children from working in minefields and […]
Tudor Gold expands Goldstorm system at Treaty Creek
[ad_1] American Creek Resources (TSXV: AMK) has released the third set of results for the 2021 resource expansion and definition drilling program at its flagship Treaty Creek property in British Columbia. The program is operated by 60% JV partner Tudor Gold (TSXV: TUD: OTC: TDRRF). Both American Creek and Teuton Resources (TSXV: TUO; OTC: TEUTF) […]
Zimbabwe Asked to Settle $70 Million Debt After Legal Loss
[ad_1] (Bloomberg) — Zimbabwe has been asked to settle a $70 million debt after it lost an international arbitration case over canceled nickel and platinum ventures between a private company and the state miner more than a decade ago. Companies linked to Amaplat Mauritius Ltd. made the proposal in a Sept. 15 letter to Zimbabwe’s […]
Granada Gold Mine Closes $1,350,000 Flow-Through and Unit Private Placement
[ad_1] TheNewswire – September 29, 2021 – Rouyn Noranda, QC – Granada Gold Mine Inc. (TSXV:GGM) (OTC:GBBFF) (the “Company” or “Granada”) announces that the Company has closed a non-brokered private placement by way of issuing 7,857,143 Quebec flow-through units (“QFT Units”) at a price of $0.14 per QFT Unit raising gross proceeds of $1,100,000. The […]