African Metals Corporation (TSX VENTURE:AFR)(FRANKFURT:OWW) has provided an exploration update on its on drilling activities at its projects in the Democratic Republic of the Congo.
Prophecy Resource Corp. (TSX VENTURE:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) reports results from extensive underground sampling program from its 100% owned Wellgreen Project located in the Yukon, Canada.
Stratabound Minerals Corp. has reported additional drill results from its 100%-owned Captain copper-cobalt deposit, located within the infrastructure-rich Bathurst mining camp of northern New Brunswick.
AXMIN Inc. (TSX VENTURE:AXM) announces that it has regained control of its Mavita Copper-Nickel-Cobalt Project in Mozambique following the withdrawal of Rio Tinto Minerals Development Limited, a wholly owned subsidiary of Rio Tinto Plc (LSE:RIO) from a joint venture over these permits.
Athabasca Uranium Inc. has announced that it has entered into an agreement with an arm's-length vendor by which the Company has the option to earn a 100% interest in the McGregor Lake Property in northeast Saskatchewan.
Benton Resources Corp. (TSX VENTURE:BTC) has announced the Company has received assay results from the recently completed drill program on the Kingurutik Lake Nickel project located approximately 60 kilometers north of the world class Voisey's Bay nickel-copper-cobalt deposit.
Westgold has completed a scoping study on its maiden JORC compliant 1.0M gold equivalent ounce resource at Rover 1 as a preliminary assessment of its commercial viability and to determine the requirements for detailed feasibility study estimates.
Cudeco (ASX:CDU) has picked up $20 million to ease market volatility via an institutional investor. The company has issued 10 million new shares at the rate of $2 each to the investor. The announcement made Cudeco shares rise by 12 cents, closing the week out at $2.15 per share.
Medusa Mining has reported its full year net profit at a record 131% up at $65.8 million. The Philippines mine operator has seen its revenue increase by 121% to $94.6 million thanks to the increased production and higher sale price for gold. The production boost at its flagship Co-O mine has contributed in a large way to its financial records.
The Labor Party has a new leader and the mining industry is already gaining across the Australian stock market. With Prime Minister Kevin Rudd being ousted by Julia Gillard the proposed Resources Super Profits Tax on the...