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Articles


Canada Cobalt Works to Present in the Corporate Presentation Forum at PDAC 2019

Canada Cobalt Works Inc. announced that President and CEO Frank J. Basa will make a presentation to investors as part of the Corporate Presentation Forum at PDAC 2019 in Toronto. 

Balmoral Resources and GTA Resources Drill Results Promising for Northshore Property

 Balmoral Resources Ltd has received, from joint venture partner GTA Resources and Mining Inc. (“GTA”), results from three drill holes completed on the Northshore Property located near Schreiber, Ontario late in 2018.

Newmont Mining Responds to Barrick Gold Takeover Proposal

Newmont Mining Corporation confirmed today that it has received an acquisition proposal from Barrick Gold Corporation (Barrick) proposing an all-stock merger with Newmont, at a negative premium based on market prices as of the close of business on February 22, 2019. The transaction proposal is conditional on Newmont not proceeding with its proposed combination with Goldcorp Inc. (Goldcorp) and other conditions, including confirmatory due diligence by Barrick.
 

 

Barrick Gold announces proposal to takeover Newmont Mining

 Barrick Gold today announced  it has made a proposal to the Newmont Mining Corporation Board of Directors to merge with Newmont in an all-share transaction, saying a combination of the two would form the world’s best gold company with unprecedented potential for value creation.

Pan American Silver and Tahoe Resources Complete Takeover Deal

Pan American Silver Corp. and Tahoe Resources Inc. today completed the deal whereby Pan American acquired all of the issued and outstanding shares of Tahoe.

2018 Fourth Quarter and Full Year Financial Results Indicate a Successful Year for Wesdome

 Wesdome Gold Mines Ltd. today announces fourth quarter (“Q4 2018”) and full year 2018 financial results. All figures are stated in Canadian dollars unless otherwise noted.

 
“In 2018, we delivered at the top end of our grade guidance of 11.7 grams per tonne gold (“gpt or g/t”) (11.3 – 11.7 gpt guidance) at Eagle River, and the midpoint of our raised production guidance range of 71,625 ounces," said Duncan Middlemiss, President and CEO of Wesdome Gold Mines Ltd.

Kirkland Lake Gold Reports Record Earnings and Cash Flow in Q4 and Full-Year 2018

 Kirkland Lake Gold Ltd. achieved record levels of earnings and cash flows in Q4 and Full-Year 2018 driven by strong production growth and its best ever quarterly and annual unit-cost performance. 

Wallbridge Intersects 12.70 g/t gold over 2.71 metres near the Fenelon Deposit

Wallbridge Mining Company Limited reported positive drill results that have extended a known gold zone and have identified an entirely new gold zone with many similarities to the main deposit at its 100%-owned Fenelon Gold Property.  Wallbridge's latest drill results show  12.70 g/t gold over 2.71 metres within the newly discovered broad gold mineralization 300 metres Southwest of the Fenelon Deposit.The results are from Wallbridge's 2018 drill program. 

Kirkland Lake Gold Revises its Production and Cost Estimates for 2019

 Kirkland Lake Gold Ltd.today announced it has revised its Mineral Reserve and Resource Estimates for December 31, 2018 to reflect increases in growth in total ounces and average grades at both Fosterville and Macassa gold mines. The company also announced projected increases in its three year production guidance and unit-cost for 2019.  Key Highlights of the Production Guidance and Mineral Reserve Estimates Include:

Alamos Gold Closes 2018 on a Strong Note With Higher Production and Lower Costs

“Alamos closed 2018 on a high note with record production from Island Gold and a stronger performance from Young-Davidson  driving production higher and costs lower in the fourth quarter. This contributed to an 18% increase in full year production to 505,000 ounces, meeting guidance and achieving a new record. We expect similar production in 2019 at lower costs contributing to stronger margins and financial performance,” said John A. McCluskey, President and Chief Executive Officer.