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Latest Stories

Lake Shore Gold to double gold resource over next 12 months

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.

Romarco hits high-grade mineralization at Haile

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 completes $22.7 million bought-deal private placement

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.

Yamana advances Agua Rica strategy through agreement with Xstrata and Goldcorp

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