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Energy Resources of Australia Downgrades 2010 Production

Energy Resources of Australia (ASX:ERA) has downgraded its 2010 production guidance as it said that the uranium ore grade was lower than expected. This is the second time it has downgraded its annual production guidance this year.

From Energy Resources of Australia Ltd 13 Oct 2010

Bonanza Goldfields Files Statement to Enact 1 for 20 Reverse Split

Bonanza Goldfields Corp. (BONZ:OTCBB) will file with the SEC a 14A Statement and any other necessary filings with FINRA to enact a 1 for 20 reverse split of the company's common shares without a corresponding reduction in the number of authorized shares of Bonanza's common stock.

12 Oct 2010

Macdonald Mines Closes $3.4 Million Private Placement with Hudbay Minerals

MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) has announced that it has closed the non-brokered, private placement financing of $3,430,800 with HudBay Minerals Inc. (TSX:HBM) announced on October 6, 2010.

From MacDonald Mines Exploration Ltd. 11 Oct 2010

Gold Fields Announces Closing of US$1 Billion Transaction

Gold Fields Limited (JSE, NYSE, NASDAQ Dubai: GFI), last week announced a 10-year, US$1 billion bond offer to international investors. The transaction was successfully completed yesterday.

From Gold Fields Limited 8 Oct 2010

Encore Renaissance Reports Private Placements for Sale of 13 Units

Encore Renaissance Resources Corp. (TSX VENTURE:EZ), (FRANKFURT:OUH1), (PINK SHEETS:ERRCF) Encore Renaissance Resources Corp. (the "Company" (TSX VENTURE:EZ) reports the private placements for the sale of 13 million units, raising a total of $1.3-million, have been fully subscribed.

6 Oct 2010

Capella Resources Closes Non-Brokered Private Placement

CAPELLA RESOURCES LTD. (TSX VENTURE:KPS)(PINK SHEETS:CPSJF) ("Capella" or the "Company") wishes to announce that it has closed its non-brokered private placement announced on September 16, 2010.
The first tranche of 10,000,000 flow-through shares ("FT Shares") at a price of $0.09 per FT Share closed on September 23, 2010. The FT Shares are subject to a 4 month hold period expiring on January 24, 2011.

6 Oct 2010

Avion Gold Announces 89% Increase in Gold Production in Third Quarter

Avion Gold Corporation (TSX VENTURE:AVR)(OTCQX:AVGCF) ("Avion" or the "Company") announces third quarter 2010 production of approximately 23,609 ounces of gold from its Tabakoto/Segala operations in Mali, West Africa.

6 Oct 2010

Abraxas Petroleum Provides Operational Update

Abraxas Petroleum Corporation (NASDAQ:AXAS) today provided an operational update. Abraxas is a San Antonio based crude oil and natural gas exploration and production company with operations across the Rocky Mountain, Mid-Continent, Permian Basin and Gulf Coast regions of the United States and in the province of Alberta, Canada.

1 Oct 2010

Petra Diamonds Posts Record Profit

Petra Diamonds Ltd, the second largest producer of diamonds in Africa, has posted a record post tax profit of U.S.$70 million for the year ending June 30, 2010.

From Petra Diamonds Limited 22 Sep 2010