Gold

Orinoco Gold Ltd. (ASX:OGX) announced that it has secured a financing package of up to AU$14 million. It will finance the construction and development of the company’s Brazil-based Cascavel gold project.

Orinoco Gold Ltd. (ASX:OGX) announced that it has secured a financing package of up to AU$14 million. It will finance the construction and development of the company’s Brazil-based Cascavel gold project.

As quoted in the press release:

The financing package — comprising a A$1 million share placement, a non-renounceable rights issue to raise up to an additional A$2.7 million, and a gold sharing arrangement of up to US$8 million with a private Singaporean mining investment company represents a breakthrough development for the Company and its shareholders.

Once completed, the financing package will enable Orinoco to proceed immediately with the fast-track development strategy for the Cascavel Project outlined towards the end of last year.

Click here to read the full Orinoco Gold Ltd. (ASX:OGX) press release.

Featured
Boreal Metals Corp.   announces it has changed its name to Norden Crown Metals Corp. in accordance with the provisions of the Business Corporations Act . Norden Crown Metals Corp's name reflects the next stage of the new management's corporate strategy, focused on mineral exploration for precious and base metals in "Norden" Scandinavia. The Company's ticker symbol on the TSX-V will be changed to "NOCR."  The name ...

Boreal Metals Corp. (TSXV: BMX) ( Frankfurt : 03E) (OTCQB: BORMF) announces it has changed its name to Norden Crown Metals Corp. ("the Company") (TSXV: NOCR) in accordance with the provisions of the Business Corporations Act ( British Columbia ).

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Kinross Gold Corporation is pleased to announce today that it has entered into a definitive agreement with Great Bear Resources Ltd. to acquire all of the issued and outstanding shares of Great Bear through a plan of arrangement . Through the Transaction, Kinross will acquire Great Bear’s flagship Dixie project located in the renowned and prolific Red Lake mining district in Ontario, Canada. The Dixie project is ...

(This news release contains forward-looking information about expected future events and performance of the Company. We refer to the risks and assumptions set out in our Cautionary Statement on Forward-Looking Information located at the end of this release.)

Kinross Gold Corporation (TSX:K; NYSE:KGC) ("Kinross" or the "Company") is pleased to announce today that it has entered into a definitive agreement (the "Agreement") with Great Bear Resources Ltd. (TSX-V:GBR) ("Great Bear") to acquire all of the issued and outstanding shares of Great Bear through a plan of arrangement (the "Transaction").

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Which TSXV-listed junior gold stocks have performed the best so far this year? Our list includes the five biggest gainers.

Click here to read the previous best junior gold stocks article.

Riding the momentum of 2020, the gold price displayed strength at the start of 2021, peaking at US$1,950 per ounce in January before downward pressure set in.

A recovering global economy mixed with high US 10 year treasury yields and a strengthening US dollar added headwinds for gold, peeling away at the safe haven asset's value in the first quarter.

In Q2, gold managed to rally from the US$1,730 level in April to a quarterly peak of US$1,908.20 on June 2. However, those same headwinds experienced in Q1 pushed prices down to a June close of just above US$1,760.

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