Tag: investing news

The Yukon government has reaffirmed its commitment to address the heap leach pad failure and landslide at the Eagle gold mine, and to resolve the environmental and safety concerns raised by the incident. The Yukon government has mandated that Victoria Gold implement several measures under an inspector’s direction. These include installing groundwater interception lines at...

The Transaction will establish the Company as the dominant landholder in the Reefton Goldfield on New Zealand’s South Island, with approximately 120,000 hectares (“ha“) of tenements. The district produced over two million ounces at gold grades ranging from 9 to 50g/t. The Reefton Goldfield is seeing a resurgence in interest, led by the construction of...

Under the placement, AUG will issue up to 23,821,430 fully paid ordinary shares (Shares) at an issue price of $0.07 per Share. The Placement includes one (1) attaching unlisted option (Options) for every two (2) Placement Shares. The Options will be exercisable at $0.12 each expiring 2 years after the date of issue. Funds raised...

Description Issued by ASX Compliance source

Major mining companies are intensifying their search for new deals and projects. Reuters states that discussions are at an early stage, and there is no guarantee the companies will proceed with a bid. Filo’s market cap stands at US$2.52 billion. A potential merger between Lundin’s Josemaria project and Filo’s Filo del Sol project is under...

The drill pads will allow for drilling to test the prospective stratigraphy below the cover volcanic rock over a wide area, and in particular the large conductive anomaly identified by Prismo’s 2023 ZTEM survey. Ground mapping, prospecting and sampling conducted earlier this year has supported the targeting process and target selection. A bond has been...

Highlights Consolidation of the Reefton Goldfield Siren Gold Limited (ASX: SNG) (“Siren” or the “Company”) is pleased to announce that it has entered into a definitive agreement dated 14 July 2024 (the “Definitive Agreement”) with Reefton Acquisition Corp., a wholly owned subsidiary of Canadian Securities Exchange listed RUA Gold Inc. (“RUA”), whereby RUA will acquire...

The SPP offered eligible shareholders registered on the Record Date the opportunity to subscribe for new fully paid ordinary shares up to a maximum value of $30,000 per eligible shareholder on the same terms as the Placement to sophisticated investors conducted by the Company in June 2024 (New Shares). The Company will issue 2,254,837 New...

John Feneck, portfolio manager and consultant at Feneck Consulting, shared his latest thoughts on the gold price, saying that after the second quarter’s record-setting levels miners should be due to share good results. “What’s different this time around for these three companies, and other gold producers, is that they’ve been able to clip a really...

June’s softer-than-expected US inflation data has bolstered the case for interest rate cuts as early as September, providing welcome relief for investors amid a difficult economic landscape. Meanwhile, this week proved challenging for Elon Musk, and US Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam advocated for expanded regulatory authority over cryptocurrencies. Stay informed on...