Compass Minerals announced today that the Goderich, Ontario, rock salt mine is operating at reduced rates due to geological movements which created a partial ceiling fall on Sept. 18, 2017.
Dominion Diamond Corporation today reported its fourth quarter and full year financial results for the fiscal year ending January 31, 2017, and also provided an update on multiple projects within its robust development pipeline, and exploration priorities.
KHALKOS EXPLORATION ("Khalkos") The management of Khalkos is pleased to announce drill hole MA-15-05 undertaken on the Malartic property, has intersected a high gold grade zone with visible gold of 12.95 g/t Au over 0.5 m at a vertical depth of 250 metres.
Reservoir Minerals Inc. is pleased to announce that its subsidiaries, Tilva (BVI) Inc. ("Reservoir" or the "Company") and Global Reservoir Minerals (BVI) Inc. have entered into an earn-in and joint venture agreement ("Agreement") with Rio Tinto Mining & Exploration Limited ("Rio Tinto") relating to Reservoir's four wholly-owned exploration permits in the Timok Magmatic Complex; Nikolicevo, Kraljevica, Coka Kupjatra and Tilva Njagra in Serbia ("TilvaProject"), whereby Rio Tinto will have the option to earn up to a 75% interest in stages by sole funding project expenditure of up to US$75 million. The Agreement is conditional upon Rio Tinto completing satisfactory due diligence within 60 days of signing of the Agreement.
Quinto Real Capital Corporation is pleased to announce to its shareholders the agreement reached between IAMGOLD Corporation and TomaGold Corporation. Under the terms of the new agreement, IAMGOLD will acquire a 50% interest in the Monster Lake project, which comprises the Monster Lake, Winchester and Lac-à-l'Eau-Jaune properties, in exchange for a $3.22 million cash payment to TomaGold, of which $322,000 will be paid to Quinto Real at the closing of the transaction.
The Company has been unable to achieve profitability at the Velardena Properties due primarily to low silver and gold prices and lower average mill feed grades and gold recoveries than expected.
Trinity Valley Energy Corp. and Anderson County Land Company have received and filed on SEDAR an independent NI 51-101 compliant independent reservoir engineering report effective January 1, 2015 from RJ Naas LLC, an independent petroleum engineer.
AngloGold Ashanti said today all-in sustaining costs in 2013 improved and annual production rose for the first time in almost a decade after it successfully cut spending and commissioned two new mines.
Pele Mountain Resources Inc. ("Pele" or the "Company") today announced the results of an updated economic review of its Eco Ridge Mine Rare Earth and Uranium Project ("Eco Ridge") in Elliot Lake, Ontario, prepared by Roscoe Postle Associates Inc. ("RPA").
The government of Côte d'Ivoire has granted a mining permit for Endeavour Mining’s 85%-owned Agbaou gold project. This property is being constructed and will commence production in the first quarter of 2014.