Posts by Marketwire - Mining and Metals:

Prophecy Platinum arranges $8.1 million private placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 1, 2011) - Prophecy Platinum Corp. ("Prophecy Platinum" or the "Company") (TSX VENTURE:NKL)(OTCQX:PNIKF)(FRANKFURT:P94P) announces that the Company has arranged a non-brokered private placement of 3,000,000 shares at a price of $2.70 per share to raise aggregate gross proceeds of $8,100,000. Company Insider Sprott Asset Management LP, on behalf of various funds and managed accounts, have committed up to 25% of this financing. Additional insiders of the Company are expected to subscribe at $2.72 per share pursuant to the policies of the TSX Venture Exchange. Finder's fees may be payable in connection with the financing in accordance with the policies of the TSX Venture Exchange.

Bralorne Gold Mines Ltd.: high grade intercept confirmed; 51.47 ounces gold per ton for the 3.1 foot interval

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 1, 2011) - Bralorne Gold Mines Ltd. (the "Company") (TSX VENTURE:BPM)(PINK SHEETS:BPMSF)(BERLIN:GV7)(FRANKFURT:GV7)(WKN A0B75M) is pleased to provide the following update of activities at its Bralorne mine operation located near Gold Bridge, British Columbia. A check assay of the recently announced high grade result for surface drill hole SB11-21 has been completed. The repeat assay result is 51.47 ounce gold per ton for the 3.1 foot interval (1764 grams per tonne gold over 0.9 meters). This second assay confirms the initial assay of 23.35 ounce gold per ton over 3.1 feet. The intercept is located in the BK Gap exploration area, approximately 160 feet north of the BK vein and west of area of mined on the BK vein on 800 level. The core interval consists of a faulted zone of altered wall rock and minor quartz vein material with coarse grains of visible gold in the quartz fragments.

Rockgate extends newly outlined high grade zone, Falea uranium-silver-copper project, Mali

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 1, 2011) - Rockgate Capital Corp. (TSX:RGT) (the "Company") is pleased to announce the results from 27 diamond drill holes completed as part of an infill and step-out drill program in the North Zone at the Falea Uranium-Silver-Copper Project. Drilling focused on extending recently outlined west-trending, high-grade uranium-silver mineralization on the west half of North Zone.

Stillwater Mine employee fatally injured

Stillwater Mining Company (NYSE:SWC) (TSX:SWC.U) (the "Company") reported a fatal accident occurred this afternoon at the Company's Stillwater Mine. An employee was fatally injured while working on the 3800 level of the mine. The accident is being investigated by the Company. The Federal Mine Safety and Health Administration has been notified of the incident. The employee's name has not been released pending notification of the family.

Great Western Minerals Group announces pricing on previously announced $15 million private placement

Great Western Minerals Group Ltd. (TSX VENTURE:GWG) (OTCQX:GWMGF) ("GWMG" or the "Company") is pleased to announce that the Company and a syndicate of agents co-led by Byron Capital Markets Ltd. ("Byron") and Cormark Securities Inc. ("Cormark") and including GMP Securities LP ("GMP") (collectively, the "Agents") have priced the Company's previously announced private placement (the "Offering"). The Agents will offer an aggregate of 23,810,000 of common shares (the "Offered Shares") of the Company at a price of $0.63 per share (the "Offering Price"). In addition, the Company has granted the Agents an option, exercisable at any time up to 48 hours prior to closing of the Offering, to place up to an additional 3,571,500 Offered Shares at the Offering Price for additional gross proceeds of $2.25 million, if the option is exercised in full. The Company expects that closing of the Offering will occur on or before November 10, 2011.

When hedging hurts: Teranga must deliver 181,855oz at $830, but cash costs are $850-$875

Teranga Gold Corporation is a Canadian-based gold company listed on the Toronto Stock Exchange (TSX:TGZ) and Australian Securities Exchange (ASX:TGZ). For the quarter ended September 30, 2011, the company delivered 16,615 ounces into gold hedge contracts at $846 per ounce, representing 60 percent of gold sales for the quarter, and 10,959 ounces of gold were sold into the spot market at an average price of $1,673 per ounce resulting in an average realized price for the quarter of $1,174 per ounce. Accelerated deliveries into gold hedge contracts during the quarter ended September 30, 2011 reduced the balance outstanding to 181,885 ounces of gold to be delivered at an average price of US$830/oz. Its Sabodala mine is on track to produce 140,000 of gold for the year at approximately $850 to $875 per ounce.

West Kirkland announces $7,005,250 bought deal private placement

West Kirkland Mining Inc. (TSX VENTURE:WKM) ("West Kirkland" or the "Company") is pleased to announce that it has accepted a bought deal private placement with Haywood Securities Inc. and PI Financial Corp. as co leads and joint book runners (the "Underwriters"), to raise gross proceeds of up to $7,005,250 (the "Offering"). The Offering will consist of the issuance of 4,550,000 non flow-through units (the "Units") and 1,575,000 flow-through shares (the "Flow-Through Shares") of the Company at a price of $1.10 per Unit and $1.27 per Flow-Through Share.

Roxgold Inc. announces $11.0 million bought deal private placement

Roxgold Inc. (TSX VENTURE:ROG) (the "Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. and including GMP Securities L.P., RBC Capital Markets Inc., Fraser Mackenzie Limited, PI Financial Corp., Pope & Company Limited, Raymond James Ltd. and Toll Cross Securities Inc. (collectively the "Underwriters") pursuant to which the Underwriters have agreed to purchase 10,000,000 common shares ("Common Shares") of the Company on a bought deal private placement basis at a price of $1.10 per Common Share.