Good morning, news out from mining junior Pure Gold Mining and newly producing Guyana Goldfields merits a closer look. Pure Gold Mining (PGM:TSXV) and Premier Gold (PG:TSX) – Pure Gold Mining has agreed to sell 513 hectares of land to Premier Gold for $5 million in cash and shares and a 1% NSR, which looks… Continue Reading
A look at a couple of the mining headlines that caught my eye this morning with some additional comments on each. Ivanhoe Mines – (IVN:TSX) – Ivanhoe and Zijin have extended the date of extend the date for completion of Zijin’s planned investment in Ivanhoe’s Kamoa copper project in the Democratic Republic of Congo. The original… Continue Reading
A look at some news releases this morning that caught my eye. Guyana Goldfields – (GUY:TSX) – Guyana Goldfields will be one of the next gold producers worldwide. This mornings press release has announced that mill testing has started at the Aurora gold project in Guyana. Initial production is expected in mid 2015. Project construction… Continue Reading
Guyana Goldfields (GUY.T) is on track to become the next gold mine in Guyana. A 5000 tonne per day SAG mill has been successfully delivered to the site and construction is ramping up. Production is expected to begin in mid-2015. Construction is fully funded through the October closing of a $185 million project finance facility. Over… Continue Reading
