MINING.COM

La Mancha reaches definitive agreement to be acquired by Weather II at a price of $3.50 per share

La Mancha Resources announced today that it has entered into an agreement with Weather Investments II to purchase all outstanding common shares of La Mancha by way of a take-over bid at a price of $3.50 per share.

Marketwire - Mining and Metals | July 13, 2012 | 4:52 pm

Strike Minerals announces successful underground development and temporary suspension of operations to finalize mining plans and financing including a private placement of up to $3,000,000

The company is starting a 2 to 4 week temporary suspension of underground exploration at the Edwards mine property. This suspension will allow the Company sufficient time to secure adequate financing for the Edwards Mine Project

Marketwire - Mining and Metals | July 13, 2012 | 4:28 pm

Oro Mining board unanimously recommends shareholders reject Wexford’s unsolicited offer

Today Oro's board of directors unanimously recommended that shareholders reject the unsolicited offer by Wexford Spectrum Trading to acquire any and all common shares of Oro at a price of $0.11 per common share.

Marketwire - Mining and Metals | July 13, 2012 | 4:26 pm

Virginia grants 207,250 stock options

Announced today, Virginia Mines has granted 207,250 stock options to its directors, officers, employees and service providers at $9.00 a share.

Marketwire - Mining and Metals | July 13, 2012 | 2:25 pm

Solomon changes exploration focus to tin, signs option agreement on Rurembo property, Rwanda, to complete private placement to raise $500,000

Solomon has changed exploration focus to tin, signed an option agreement on the Rurembo Property in Rwanda and is set to complete a private placement to raise $500,000.

Marketwire - Mining and Metals | July 13, 2012 | 1:50 pm

NovaGold announces second quarter 2012 results and provides update on Donlin Gold

For the three-month and six-month periods ended May 31, 2012, the company reported net income of $94.2 million and $111.0 million.

Marketwire - Mining and Metals | July 12, 2012 | 1:00 pm

Almaden Hits 11.00 Meters of 1.09 g/t Au and 580.7 g/t Ag (12.7 g/t AuEq) in Ixtaca North Zone

The company has found 11.00 meters of 1.09 g/t Au and 580.7 g/t Ag at its Tuligtic project in Mexico.

Marketwire - Mining and Metals | July 12, 2012 | 1:00 pm

TomaGold corporation awards DIAGNOS a contract to use its artificial intelligence technology to target gold and copper

DIAGNOS will assist Tomagold by using its CARDS (Computer Aided Resource Detection Software) technology, which makes it possible to identify the sites having the same signature as known mines and deposits.

Marketwire - Mining and Metals | July 12, 2012 | 12:30 pm

Woulfe signs memorandum of understanding (MoU) for KRW120 billion (US$104 million) debt financing with Korea’s largest bank

Woulfe and its subsidiary, Sangdong Mining, executed a deal with Shinhan Bank for a 12-year term loan amounting to $104 Million for the development of the Sangdong tungsten-Molybdenum project.