Sattva Capital today announced that the Court of Appeal for British Colombia allowed Creston Moly's appeal against the arbitrator's $4.14 million damage award.
Consolidated second quarter revenue of $386.6 million increased $52.5 million, or 16% compared to last year, with gains in western Canada accounting for the majority of the increase.
Candente Gold announced that Goldcorp Mexico, a subsidiary of Goldcorp Inc., has advised the company that it has elected to retain its 30% interest in the entirety of the El Oro Gold-Silver Project in Mexico by participating in all future expenditures.
For the three and six month periods ended June 30, 2012, the company reported a comprehensive loss of $11,955,000, compared to a comprehensive loss of $24,551,000 for the same periods respectively ending June 30, 2011.
BCGold has granted Kaiyue the option to acquire a 60% interest in the Toe Property by making $255,000 in cash payments, $1,900,000 in exploration expenditures and issuing 400,000 shares of Kaiyue to BCGold over a four year period.
With the closing of the royalty sale Strategic has increased its cash position to $51 million and owns marketable shares of ATAC Resources, Silver Range, Rockhaven Resources, Precipitate Gold Corp and 19.9% of Wolverine Mineral.
On August 10, 2012, the company issued a total of 10,866,000 Units at a price of $0.27 per unit, each unit consisting of one common share and one share purchase warrant.
The company highlights its RC-12-ARI-011: 292m averaging 0.10% Cu, 0.32 g/t Au and 1.1 g/t Ag, including 186m averaging 0.11% Cu, 0.43 g/t Au and 1.4 g/t Ag.
Highlights of the quarter include: quarterly gross profit of $6.4 million (Q2 2011: $1.4 million), quarterly net income of $3.2 million (Q2 2011: loss of $0.1 million) and Iodine production of 338 tonnes (Q2 2011: 286 tonnes).