Royal Gold Raises Common Stock Dividend 13% to $0.36 Per Share
Royal Gold, Inc., a leading precious metals royalty company, today announced that its Board of Directors increased the Company’s annual dividend for its shares of common stock from $0.32 to $0.36, payable on a quarterly basis of $0.09 per share. Royal Gold has steadily increased its annual dividend since it first issued a $0.05 annual payment for calendar year 2000. The Board also declared the dividend...
Royal Roads & Benton award drilling contract to drill new copper sulphide zone on Long Range Joint Venture, Newfoundland
Royal Roads Corp. and Benton Resources Corp. announce awarding a drill contract to commence diamond drilling of the recently discovered copper sulphide zone on the Long Range Joint Venture property in central Newfoundland. The contract has been awarded to Logan Drilling of Stewiacke, Nova Scotia and is expected to commence the week of October 12, 2009. The program is expected to include two drill holes...
Yellowjacket Mine Achieves Full Commercial Production, New Gold Zone Discovered
Yellowjacket Joint Venture (“Eagle Plains Resources Ltd. (EPL:TSX-V) and Prize Mining Corp. (PRZ:TSX-V)”) jointly announce completion of final commissioning and permit compliance requirements to allow for commencement of full production at their Yellowjacket Gold Mine, located in northwestern British Columbia. On July 10, 2009, the Yellowjacket Gold Mine received its BC Mines Act Permit for the...
Bullion Monarch Mining Names Barrick as Additional Defendant in Pending Litigation against Newmont
Bullion Monarch Mining Inc., a natural resource exploration and development company, has named Barrick Goldstrike Mines and Barrick Gold Corporation (collectively referred to as “Barrick”) as defendants in their pending litigation against Newmont USA Limited (Newmont). This lawsuit is regarding unpaid royalties from a 256 square mile area of interest in the renowned Carlin Gold Trend in Northeastern...
K.P. Kauffman Company, Inc. Wins Lawsuit Defending Sale of Natural Gas
K.P. Kauffman Company, Inc., (KPK) prevailed in a class-action royalty underpayment case tried in Denver District Court. The jury returned its verdict in KPK’s favor on Monday, June 8, 2009, in the case of Helen Mleynek v. K.P. Kauffman Company, Inc. The win for KPK is a victory for natural gas producers in the state of Colorado. KPK successfully argued that it fulfilled its duty to market natural...
Virginia Finalizes the Sale of Two Properties
Virginia Mines Inc. is among the most active mining exploration companies in Quebec announces that it has sold the Lac Dufault property to Breakwater Resources Ltd., and has finalized the sale to Rukwa Uranium Inc. of the Uranium Nord property, initiated in May 2007. Lac Dufault Property Following the signing of an agreement where Breakwater acquired a 100% interest in three (3) claims located in the...
Ressources Appalaches acquire Dufferin Resources
With the acquisition of 100% of Dufferin Resources Inc., Ressources Appalaches has become the sole owner of the Dufferin Mine, located in Nova Scotia. The transaction comprised the acquisition of the ramp-access Dufferin Mine, along with its processing plant (mill), mining lease, environmental permits and all infrastructure required for production. Ressources Appalaches proceeded with the verification...
Texada Ventures Inc. Term Sheet with Royalty Exploration LLC
Texada Ventures Inc. announce that on March 9, 2009 it entered into an Amended Term Sheet with Royalty Exploration LLC whereby Texada will acquire 100% of REX’s issued and outstanding shares. In conjunction with the transaction, the Company has commenced a concurrent private placement financing of up to $40 million. REX leverages patented cutting edge technology coupled with traditional exploration...
Newstrike and Queenston Jointly Option Commodore Gold Property, Kirkland Lake Area, Ontario
Newstrike Resources Ltd. and Queenston Mining Inc. announce that they have entered into an option agreement with a third party to each purchase an undivided 50% interest in 36 mineral claims (12 patented claims and 24 unpatented claims) (600 ha) located in the historic Kirkland Lake gold camp. The claims form the Commodore property that covers a favourable gold horizon hosting a shallow historic mineral...
Natural Resource Partners L.P. Acquires Coal Reserves and Infrastructure From Cline Group in Illinois Basin
Natural Resource Partners L.P. announced that it had acquired coal reserves and infrastructure assets related to the Shay No. 1 mine in Illinois from Macoupin Energy, LLC, an affiliate of the Cline Group, for $143.7 million. Upon closing, NRP paid $83.7 million and will make three subsequent payments of $20 million each in 2009 based upon performance measures associated with the development of a new...
Latest Mining News
Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior...
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
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