NovaGold Announces US$60 Million Financing With Electrum Strategic Resources

NovaGold Resources Inc. announced that it has entered into a definitive agreement with Electrum Strategic Resources LLC providing for the sale to Electrum on a private placement basis of 46,153,847 Units for a purchase price of US$1.30 per Unit, for aggregate gross proceeds of US$60 million. Each Unit... Read more..

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U.S. Silver Announces Management Changes and Reports a Strategic Review of Operations and a Reduction in the Workforce at the Galena Mine

U.S. Silver Corporation announce that Thomas Parker will become the Company’s interim Chief Executive Officer (”CEO”) effective immediately. Mr. Bruce Reid, the former CEO, will remain as a consultant to the Company. Mr. Reid was instrumental in the creation of U.S. Silver in 2006... Read more..

North American Palladium Announces Temporary Closure of Lac Des Iles Mine Due to Depressed Metal Prices

North American Palladium Ltd. announced that due to declining metal prices it will temporarily place its Lac des Iles Mine (LDI) in Thunder Bay, Ontario on a care and maintenance basis effective October 29, 2008. The closure will result in the layoff of approximately 350 employees. Details for a conference... Read more..

Dutch Gold Resources Announces Strategic Acquisition

Dutch Gold Resources, Inc., a developer and operator of proven gold mines and a regional mill in North America, today announced that it has entered in a Memorandum of Understanding to merge with Aultra Gold Resources, Inc. (OTC BB:AGDI.OB – News), a junior gold mining and exploration company with... Read more..

Gammon Gold Announces Appointment of Senior Vice President of Exploration and Business Development

Gammon Gold Inc. announce the appointment of Mr. Peter Drobeck, as Senior Vice President of Exploration & Business Development. Mr. Peter Drobeck will assume the role of Senior Vice President of Exploration & Business Development effective October 15, 2008. Mr. Drobeck brings with him over... Read more..

Ironworker Management Progressive Action Cooperative Trust Founders, Joseph Hunt and William Brown, Receive AISC Special Achievement Award

Ironworker Management Progressive Action Cooperative Trust (IMPACT) founders, Joseph J. Hunt and William Brown, will be honored on Thursday, September 11, 2008 at the American Institute of Steel Construction’s (AISC) annual meeting, in Colorado Springs, Colorado, for receiving the AISC Special... Read more..

High River Gold Announces Termination of Strategic Investment Transaction With Alfa Group

High River Gold Mines Ltd. announced today that the strategic investment agreement with Veromart Securities Inc., an indirect wholly-owned subsidiary of the Alfa Group Consortium, has been terminated due to market conditions. David Mosher, President and CEO of High River commented: “The recent... Read more..

G & S Minerals and Mayan Gold, Inc Successfully Close Milestone Strategic Cross Investment and Gold Field Development Agreement

G & S Minerals, Inc. dba Gold & Silver Minerals, a mining company focused on developing high-quality and low-risk mineral resource and energy prospects, today announced that the Company and Mayan Gold, Inc have successfully closed their milestone Strategic Cross Investment and Gold Field Development... Read more..

GBS Gold Forms Strategic Alliance With RBS Sempra Commodities

GBS Gold International Inc. announces the formation of a strategic alliance with global commodities marketing and trading company RBS Sempra Commodities. (C$ represents Canadian dollars and A$ represents Australian dollars) Highlights: - RBS Sempra Commodities becomes a strategic investor via the placement... Read more..

High River Gold Announces Strategic Investment Transaction With Alfa Group

High River Gold Mines Ltd. announced that it has entered into an arms-length strategic investment agreement with Veromart Securities Inc., an indirect wholly-owned subsidiary of the Alfa Group Consortium (the “Alfa Group”) which is one of Russia’s largest privately-owned financial/industrial... Read more..