Forest fires force temporary closure of two BC mines

Bayfield Ventures Corp. announced a $5 million brokered private placement Wednesday, with proceeds going towards the company's Rainy River gold project in northern Ontario. The deal is expected to close on April 7. The 100%-owned Rainy River property contains three mineralized claim blocks. The March 2010 NI 43101 report showed 2.37 million indicated ounces of gold at 1.3 g/t, with an additional 2.66 million ounces inferred at 1.2 g/t Au.

Lake Shore Gold (LSG.TO) expects to double the size of its gold resource over the next 12 months and aims to produce about 300,000 ounces a year of gold by 2013, said one of the junior miner's top executives on Tuesday. "We don't think it's unreasonable to think that we may have found a new century of gold mining in a century-old mining camp," said Mark Utting, Lake Shore's head of investor relations.

Northern Star Resources (ASX:  NST) said the resource inventory at its Paulsens Gold Mine in Western Australia has increased to 226,000 ounces while […]

Northgate Minerals Corp.’s Kemess South gold mine in British Columbia is about to close. In fact, it might be happening as we […]

Romarco Minerals is continuing to identify mineralization at the Haile Gold Mine in South Carolina. The company's latest drill results show continued growth in the mineralized system, which is open in all directions and at depth: Drilling between South Pit and Ledbetter continues to identify mineralization between the two proposed pits. RCT-49 returned 31.8 meters of 17.3 g/t gold, including a high-grade intercept of 7.6 meters of 66.9 g/t gold.

Golden Predator Corp. (TSX:GPD) (the "Company") is pleased to announce that it has closed its previously announced bought deal private placement offering. The Company sold a total of 16,675,000 Flow-Through Shares at a price of $0.90 per Flow-Through Share and 10,350,000 Units at a price of $0.75 per Unit, for gross proceeds to the Company of $22,770,000, including the exercise of the Underwriters' option of $2,970,000.

Major gold shops in the Vietnamese capital, which double as money changers have reportedly stopped dealing in dollars, as local authorities step […]

Yamana Gold today announced an arrangement, subject to formal documentation, with Xstrata Queensland Limited and Goldcorp Inc. that would see the ultimate integration of Agua Rica into Minera Alumbrera. Agua Rica is a 100% Yamana-owned, development-stage project in the province of Catamarca, Argentina and is located approximately 35 kilometres from the currently operating Alumbrera mine

BioteQ Environmental Technologies Inc., a leader in the treatment of industrial waste water, announced that it has commenced a legal action against NWM Mining Corporation.