back to homepage

Mining & Metals

First Point Grants Stock Options 0

VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/15/12 — First Point Minerals Corp. (TSX VENTURE: FPX) -First Point Minerals- Board of Directors has approved the granting of stock options to directors, officers and employees for a total of 2,390,000 shares. The grants are being made pursuant to the Company-s incentive stock option plan which provides for the granting of options to directors, officers, employees and consultants to the Company. The options are effective February 14, 2012, have

Read More

Golden Reign Intersects 2.0 Metres Grading 85.86 g/t Gold and 35.1 g/t Silver at San Albino 0

VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/15/12 — Golden Reign Resources Ltd. (the "Company" or "Golden Reign")(TSX VENTURE: GRR) is pleased to report additional assay results from the 2011/2012 definition drill program underway at the San Albino Mine area of its flagship San Albino-Murra Gold Property (the "Property"), Nueva Segovia, Nicaragua.Drill holes SA 11-41, SA 11-42 and SA 11-43 have proven the northeast extension of the San Albino and Arras mine

Read More

Desert Gold Updates Corporate Website and Provides Results of AGM 0

TORONTO, ONTARIO — (Marketwire) — 02/15/12 — Desert Gold Ventures Inc. (TSX VENTURE: DAU) (the "Company" or "Desert Gold") is pleased to announce that the Company-s updated corporate website is now live. The newly updated website can be accessed at and includes detailed information about the Company-s African projects in Mali, Rwanda, and Senegal; executive management and board member bios; and an overview of the Company-s most recent technical reports and news releases

Read More

Maritime Welcomes Rambler Metals as Strategic Investor 0

VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/15/12 — Maritime Resources Corp. (TSX VENTURE: MAE) ("Maritime") reports that Rambler Metals & Mining Canada Ltd. ("Rambler") of Baie Verte, Newfoundland has entered into an agreement to acquire 4,500,000 shares of Maritime, representing 17% of the company, from Commander Resources Ltd. ("Commander"). The private transaction, priced at $0.23 per share, is scheduled to close February 15, 2012. In recognition of

Read More

Commander Receives $1,035,000 from Sale of Shares of Maritime Resources 0

VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/15/12 — Commander Resources Ltd. (TSX VENTURE: CMD) ("Commander") reports that it has entered into an agreement to sell 4,500,000 shares of Maritime Resources Corp. ("Maritime") to Rambler Metals Canada ("Rambler") through a private transaction. The shares are being sold to Rambler at a price of $0.23 per share with net cash proceeds to Commander of $1,035,000. Following completion of this transaction, which is ex

Read More

AngloGold Ashanti Profit Increases to Record $1.3bn; Doubles Dividend 0

JOHANNESBURG, SOUTH AFRICA — (Marketwire) — 02/15/12 — AngloGold Ashanti (NYSE: AU)Record full-year adjusted headline earnings* of $1.3bn, 336 US cents a
shareRecord annual operating cash flow of $2.66bnNet Debt more than halved in 2011 to $610m, despite increased capital
expenditureDividend of 200 SA cents a share for fourth quarter; full-year dividend
380 SA centsStrong growth in reserves and resources; reserves now 75.6Moz,
resources 230.9MozMponeng, Moab Khotsong life extension projects

Read More

Geovic Mining Corp. Provides Corporate Update 0

DENVER, COLORADO — (Marketwire) — 02/14/12 — Geovic Mining Corp. ("Geovic" or "Company") (TSX: GMC)(OTCBB: GVCM) provides the following information on changes to its Board of Directors.Over the past year, Geovic has been focused on reviewing methods to finance the Company-s Nkamouna cobalt-nickel-manganese project in Cameroon, of which it owns 60.5%. The Company-s efforts have increasingly focused on opportunities to introduce additional partners or strategic investors t

Read More

Noranda Income Fund Announces a Cash Distribution for the Month of February 2012 and Updates on Determination of Distributions 0

SALABERRY-DE-VALLEYFIELD, QUEBEC — (Marketwire) — 02/14/12 — Noranda Income Fund (the "Fund") (TSX: NIF.UN) announced today that the Board of Trustees of Noranda Operating Trust ("the Board") has approved a distribution for the month of February 2012 of $0.04167 per priority unit (each, a "Priority Unit") payable on March 26, 2012 to holders of Priority Units of record as at the close of business on February 29, 2012.As announced in the Press Release dated Nove

Read More

Noranda Income Fund Reports Fourth Quarter Cash Provided by Operating Activities of $18 Million 0

SALABERRY-DE-VALLEYFIELD, QUEBEC — (Marketwire) — 02/14/12 — Noranda Income Fund (the "Fund") (TSX: NIF.UN)Q4 2011 and Subsequent Highlights:In a separate press release also issued today, the Fund declared a cash distribution for February 2012, and provided an update on the determination of distributions.Noranda Income Fund (the "Fund") (TSX: NIF.UN) reported earnings before finance costs and income taxes of $2.4 million in the fourth quarter of 2011, compared to $11.1 m

Read More

Lions Gate Metals Closes First Tranche of Non-Brokered Private Placement 0

VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/14/12 — Lions Gate Metals Inc. (TSX VENTURE: LGM) ("Lions Gate" or the "Company") is pleased to announce that it has closed the first tranche of a non-brokered private placement previously announced on January 31, 2012. The Company has raised gross proceeds of $460,000 in this first tranche closing through the sale of a total of 1,000,000 flow-through units at a price of $0.46 per flow-through unit.Each flow-through unit con

Read More