TORONTO, ONTARIO — (Marketwired) — 11/07/13 — HudBay Minerals Inc. ("Hudbay" or the "company") (TSX: HBM)(NYSE: HBM) today announced that it has reached an agreement to sell its 51% interest in the Back Forty Project in Michigan-s Upper Peninsula to its joint venture partner Aquila Resources Inc. (TSX: AQA). Upon completion of the transaction, Hudbay will receive common shares of Aquila, milestone payments tied to the development of the Back Forty Project and a net smelt
– IRR increases to 36.4% pre-tax and is 28.6% after-tax – NPV $317 million pre-tax and $185 million after-tax on an 8% discounted cash flow basis – Operating costs reduced by $367 per ton milled for purification costs to $68 per tonne milled – Operating costs are now $458 per tonne of concentrate – $28 million reduction in working capital associated to purification costs
TORONTO, ONTARIO — (Marketwired) — 11/07/13 — NORTHERN GOLD MINING INC. (TSX VENTURE: NGM) ("Northern Gold" or the "Company") announces that the Company has relinquished its option to acquire up to a 100% interest in the Harker-Holloway Property. No further option payments or exploration expenses will be incurred with respect to this property.The Company is focusing its exploration and development efforts on the remaining properties in its Golden Bear Project portfolio c
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 11/07/13 — Aldrin Resource Corp. ("Aldrin") (TSX VENTURE: ALN) has closed a first tranche of its recently announced private placement financing of 9,720,500 units at a price of $0.10 per unit to raise gross proceeds of $972,500 (the "Financing"). Each unit is comprised of one common share and one warrant which is exercisable into one common share at $0.20 per share for 12 months from closing. Proceeds of the Financing will be
Probe Exploration Team, David Palmer, Prospectors Jack Robert and Mike Tremblay Recognized for the Borden Gold Discovery
– Antofogasta approves next stage of drilling – 3,500 meters of drilling in Q1, 2014 – Three licenses combined and time extended
– Cliffs Natural Resources to fund US$500,000 for exploration. – Program to consist of detailed and reconnaissance geological mapping, geochemical sampling, and Induced Polarization surveying.
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 11/07/13 — Starcore International Mines Ltd. (TSX: SAM) (the "Company") announces production results for the 2014 first quarter ended October 31, 2013, at its San Martin Mine in Queretaro, Mexico.Over the 3 months of production we milled 76,958 tonnes of ore at an average grade of 2.88 g/t gold and 27 g/t silver resulting in the production of 6,920 gold equivalent ounces. This represents an increase in production of 605 equivalent ounc
HALIFAX, NOVA SCOTIA — (Marketwired) — 11/07/13 — Erdene Resource Development Corp. (TSX: ERD) ("" or "Company"), is pleased to announce that it has closed its non-brokered private placement financing with the issuance of 9,797,500 units (the "Units") priced at $0.07 per Unit for gross proceeds of $685,000. The $500,000 private placement previously announced on October 18th, 2013 was oversubscribed and was increased to the maximum to satisfy strong investor dema
TORONTO, ONTARIO — (Marketwired) — 11/07/13 — Pinetree Capital Ltd. ("Pinetree") (TSX: PNP) today announces its unaudited financial results for the three and nine months ended September 30, 2013.During the third quarter of fiscal 2013, Pinetree had a net income of $13 million, as compared to $23 million for the same quarter last year. Net income generated was primarily the result of net investment gains of $9 million in the quarter, comprised of $21 million in unrealized gains on i
