Pan African Mining Corp. (TSX-V: PAF) has announced that its Phoenix project has an increased resource of 15.8 percent for its palladium, platinum, rhodium and gold. CEO Jan Nelson is quoted saying: “The increase in the total resources, assuming a 50% recovery, extends the life of the Phoenix project from 13 years to approximately 16 [...]
Continue reading "Pan African Increases 15.8% Resource at Phoenix"
Wednesday, May 12, 2010
North American Palladium Ltd (PDL.TO), a Canadian precious metals company, has reported its Q1 net loss of C$14,6-million ($14,27 million). This is converted to 11 Canadian cents per share. 2009′s operating expenses of the company was only at C$738,000 but rose to C$18.2 million for the first quarter of 2010 due to production costs from [...]
Continue reading "North American Palladium Expenses Went High in q1 2010"
Tuesday, June 16, 2009
Duluth Metals Limited declared the successful acquisition of 3,353 acres by way of nine prospective mineral leases from the State of Minnesota. For full story, click here
Continue reading "Duluth Metals has expanded exploration land holdings"
Tuesday, March 10, 2009
Colossus Minerals Inc. announced today the closing of its bought deal offering saying that a total of $24.7 million has been raised including 1.5 units of the over-allotment. Proceeds of the financing will mainly be used to advance the Serra Pelada gold and platinum group metal project in Brazil.
Continue reading "Colossus Closes $24.7 Million Financing"
Friday, February 20, 2009
Colossus Minerals announced today a $21 million bought deal at $2.15/share with a half warrant at $2.75. The underwiting is being led by Macquarie Capital Markets and also includes Canaccord Capital, GMP, Dundee, Haywood, and Blackmont. An over allotment option could take the total up to $24.725 million.
Continue reading "Colossus Announces $20M+ Financing"
Thursday, February 12, 2009
Colossus Minerals Inc. is an exploration and development company focused on gold and platinum group metals in Brazil. Led by a skilled management team, the company is managing and developing its Serra Pelada gold, platinum and palladium project.
Continue reading "Colossus Minerals Inc. – Building Brazil’s Next Gold Mine"
Wednesday, February 11, 2009
Colossus Minerals Inc. announced results including 7.88 metres of 406g/t gold, 98.4g/t platinum, 115.7g/t palladium, 2.74g/t rhodium, and 1.52g/t iridium at a depth of 252 metres. The Serra Pelada project is located in Para State, Brazil. These results are not true width and the release indicates that true width is not known.
Continue reading "Colossus Reports Near Record Gold, PGM Grades"
Tuesday, December 2, 2008
Prices of precious metals platinum, palladium and silver are expected to slump next year as demand sags in line with economic growth. This is tough news, considering how much of a price decline the metals have already witnessed in 2008.
Continue reading "Extended downside expected for palladium"
Friday, November 21, 2008
Chancery Resources, Inc. announced the completion of the Acquisition of anundivided one hundred percent interest in certain mineral interestslocated in British Columbia. For full story, click here
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Friday, May 21, 2010