back to homepage

Mining & Metals

QMX Produces 4,141 Ounces of Gold in the First Quarter of 2013 0

TORONTO, ONTARIO — (Marketwired) — 04/29/13 — QMX GOLD CORPORATION (TSX: QMX) ("QMX Gold" or the "Company") has produced 4,141 ounces of gold from the Lac Herbin mine located in Val-d-Or, Quebec. The Aurbel Mill processed 33,866 tonnes of ore with a head grade of 4.09 g/t Au and achieved an average recovery rate of 93%. Cash cost information will be released as part of the first quarter financial results expected in May.Q1 Production UpdateProduction in the first quarter

Read More

Elgin Mining Announces Cost Cutting Measures and Revised Capital Allocation Plan 0

VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 04/29/13 — Elgin Mining Inc. ("Elgin Mining" or the "Company") (TSX: ELG)(TSX: ELG.WT) announces that the Company has taken and will continue to undertake the following steps in order to effectively manage the Company-s treasury in light of the current market turbulence and weakening of the price of gold:The Company will continue to focus on the ongoing operational improvements at the Bjorkdal Gold Mine in Sweden. Delivery of

Read More

Teranga Gold: ASX First Quarter Report for the Three Months Ended March 31, 2013 0

TORONTO, ONTARIO — (Marketwired) — 04/29/13 — Teranga Gold Corporation (TSX: TGZ)(ASX: TGZ) -KEY POINTSOPERATIONAL OVERVIEWSabodala Gold Operation(All amounts are in US$ unless otherwise stated)PRODUCTION STATISTICSOUTLOOK 2013First quarter results benefited from continuation of mining a high grade zone in phase two, as a result, the Company remains on track to produce between 190,000 – 210,000 ounces of gold in 2013. Total cash costs guidance for 2013 remains unchanged at $650 to $700 per

Read More

First Quantum to Release First Quarter 2013 Financial and Operating Results on May 6, 2013 0

VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 04/29/13 — First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX: FM)(LSE: FQM) will publish its first quarter 2013 financial and operating results on Monday, May 6, 2013 after the close of the TSX. The Company-s President, Clive Newall, will host a conference call and webcast to discuss the results on Tuesday, May 7, 2013.Conference call and webcast details are as follows:The conference call replay will be avai

Read More

Verona Completes Sale of Gainsborough Leases / Settles Lawsuit 0

VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 04/29/13 — Verona Development Corp. (TSX VENTURE: VDC.H) ("Verona" or "the Company") has completed the sale of its 60% working interest in two oil and natural gas leases in the Gainsborough South area of Saskatchewan to Canadian Natural Resources ("CNR") for total consideration of $671,953.The Company received a $75,000 cash payment on Closing. The balance of the purchase price was satisfied by way of set-off of $59

Read More

Teranga Appoints Jeff Williams as a New Non-Executive Director 0

TORONTO, ONTARIO — (Marketwired) — 04/29/13 — Teranga Gold Corporation ("Teranga" or the "Company") (TSX: TGZ)(ASX: TGZ) is pleased to announce the appointment of Jeff Williams to the Board of Directors of the Company.Mr. Williams played an integral role in building our Sabodala Gold Mine and has more than 40 years of experience in the mining industry including over 10 years of experience in the resource industry in Senegal.With a Mining Engineering and Business Administ

Read More

Benz Capital Corp. Announces Director Appointment and Additions to Technical Team 0

VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 04/29/13 — Benz Capital Corp. (TSX VENTURE: BZ) ("Benz" or the "Company") is pleased to announce the appointment of Ronald Hall to the Company-s board of directors.Mr. Hall is President of Global Mineral Research Ltd., a Vancouver based metallurgical testwork laboratory; a graduate from Cardiff University in Wales; and has over 35 years of professional experience in the management, operation, evaluation and design of global m

Read More

Soltera Mining Announces Exploration Funding and Filing of 2010 Annual Report 0

JUJUY, ARGENTINA — (Marketwired) — 04/29/13 — Soltera Mining Corp. (PINKSHEETS: SLTA) () announces further funding from Goldlake Group of Italy.On April 16, 2013, Soltera Mining issued 999,670 restricted shares of common stock to Goldlake Italia S.p.A. ("Goldlake"). Soltera received from Goldlake a completed and signed Subscription Form and funds in the amount of US$149,950 representing the full payment for the exercise of 999,670 restricted non-transferable share purchase warrant

Read More

Fission Uranium Corp. Commences Trading on Tuesday April 30, 2013 0

KELOWNA, BRITISH COLUMBIA — (Marketwired) — 04/29/13 — FISSION URANIUM CORP. ("Fission" or the "Company") is pleased to announce that its common shares will commence trading on the TSX Venture Exchange (the "TSXV") on Tuesday, April 30, 2013, under the symbol "FCU".The Company previously announced that its common shares were expected to commence trading on Wednesday, May 1, 2013. We have now been advised by the TSX-V that the Company-s common shares w

Read More

Fission Energy Corp. to Cease Trading Upon Close of Business April 29, 2013 0

KELOWNA, BRITISH COLUMBIA — (Marketwired) — 04/29/13 — FISSION ENERGY CORP. ("Fission" or the "Company") (TSX VENTURE: FIS)(OTCQX: FSSIF)(FRANKFURT: 6FS) advises that Fission-s common shares ("Fission Shares") will cease trading on the TSX-V upon close of business on Monday, April 29, 2013 and are expected to be de-listed shortly after that.Pursuant to the Arrangement between Fission and Denison Mines Corp. ("Denison"), each Fission Share held at the

Read More