Kinross Gold

Trillium Gold and Pacton Gold Combine to Create Dominant Strategic Land Position in Red Lake

Retrieved on: 
Thursday, March 16, 2023
Cloud, Indium, Nickel, Transaction, Agreement, Evolution, Gold, FRA, Kinross Gold, TGM, Molybdenum, Copper, PAC, National instrument, Arrangement, Cobalt, Zinc, Gallium, Research, Great Bear, Model Business Corporation Act, Lithium, Heart, FSE, NI, Rivard, Map, Leveraged buyout, National Instrument 43-101, SEDAR, OTC, Mining, Security (finance), Management, Holding company, Financial adviser, Trillium

VANCOUVER, British Columbia, March 16, 2023 (GLOBE NEWSWIRE) -- Trillium Gold Mines Inc. (TSXV: TGM, FRA: 0702) (“Trillium”) and Pacton Gold Inc. (TSXV: PAC, OTC: PACXF, FSE: 2NKM) (“Pacton”) are pleased to announce that they have entered into an arrangement agreement dated March 15, 2023 (the “Agreement”) to combine the two companies to create the leading gold explorer and dominant strategic land holder, over 15 projects covering over 1,260 km2 in the prolific Red Lake Mining District of Northern Ontario (the “Transaction”).

Key Points: 
  • Establishes dominant and strategic land position in the prolific Red Lake Mining District: With over 1,260 km2 of properties extending across the Red Lake Mining District, the combined company’s property holdings will be larger than major gold producers in the district such as Evolution Mining Limited (“Evolution”) and Kinross Gold Corporation (“Kinross”).
  • Pacton’s Red Lake Gold Project is located within 20 km of Trillium’s Newman Todd Complex and the western portion of its Confederation Belt properties.
  • Russell Starr, President, CEO and Director of Trillium, commented, “This combination literally changes the map of the prolific Red Lake Mining District.
  • Leverages the significant work completed by Pacton at the Red Lake Gold Project, including 79 drill holes totaling 26,719 m and 1,011 surface samples.

Centerra Gold Announces the Appointment of Paul Tomory as President and CEO

Retrieved on: 
Monday, March 13, 2023
Business administration, Bain, University, NYSE, Mining, Kinross Gold, TSX, Bain & Company, Engineering, CG, Growth, Interim, Master of Business Administration, Toronto, Golder Associates, Management, Centerra Gold

TORONTO, March 13, 2023 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG and NYSE: CGAU) announced today that Paul Tomory has been appointed President and Chief Executive Officer, effective May 1, 2023.

Key Points: 
  • TORONTO, March 13, 2023 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG and NYSE: CGAU) announced today that Paul Tomory has been appointed President and Chief Executive Officer, effective May 1, 2023.
  • Michael Parrett, Chair of the Board of Directors stated, “We are delighted to have Paul lead Centerra at this important stage of the Company’s journey.
  • His leadership experience and record of strategically building and operating mines through all stages of the mining life cycle while ensuring a safety-first culture, will be extremely valuable to Centerra.
  • I believe that Centerra is uniquely positioned with a peer leading balance sheet and quality operating assets that generate significant free cashflow.

White Gold Corp. Intersects Gold Mineralization in Widely Spaced Step Out Holes at Ryan’s Surprise and Discovers Additional Gold Mineralization in Maiden RAB Drill Program at Several Other Targets along the 6.5km Mineralized Ryan's Trend, Yukon, Canada

Retrieved on: 
Thursday, February 23, 2023
Diamond, White Gold, News, Gold, Agnico Eagle, PDAC, Kinross Gold, Hyperaccumulators table – 3, IEX, OTCQX, RAB, Growth, Ryan, Conference, Soil, VG, FRA, Arsenic, Arc, Palladium, Mining, Road, Uranium mining, Potash

The abundance of gold mineralization and its vicinity to our flagship gold deposits is very encouraging for the continued expansion of our significant gold resources in this area.

Key Points: 
  • The abundance of gold mineralization and its vicinity to our flagship gold deposits is very encouraging for the continued expansion of our significant gold resources in this area.
  • All 2022 diamond holes at Ryan’s Surprise and the and widely spaced step out holes in the previously untested Gap area between Ryan’s Surprise and Ulli’s Ridge intersected gold mineralization.
  • Results for the Ryan’s Surprise drill holes (target area 1 above) were reported in a Company news release dated January 5th, 2023.
  • Two widely spaced holes were drilled to test the gap area between the Ryan’s Surprise and Ulli’s Ridge targets (Figure 3).

Kinross declares quarterly dividend

Retrieved on: 
Wednesday, February 15, 2023
Kinross Gold, NYSE, Tax, KGC, TSX, Holding company

TORONTO, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX:K; NYSE:KGC) (the “Company”) today announced that the Company’s Board of Directors has declared a dividend of US$0.03 per common share for the fourth quarter of 2022.

Key Points: 
  • TORONTO, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX:K; NYSE:KGC) (the “Company”) today announced that the Company’s Board of Directors has declared a dividend of US$0.03 per common share for the fourth quarter of 2022.
  • The dividend is payable on March 23, 2023, to shareholders of record as of the close of business on March 8, 2023.
  • This dividend qualifies as an “eligible dividend” for Canadian income tax purposes while dividends paid to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes.

West Red Lake Gold Strengthens Management Team

Retrieved on: 
Monday, February 13, 2023
Corporate development, RSU, Colorado School of Mines, Silvertip, CPG, Gold, Bachelor, Institute of Certified Professional Managers, Consultant, Kinross Gold, Acquisition, Newmont, SEDAR, American Institute, University, Mining, Geology, USD, Master, University of Alaska Fairbanks, Red Lake, Geological engineering, Security (finance), Contango

VANCOUVER, British Columbia, Feb. 13, 2023 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or the “Company”) (TSXV: WRLG) is pleased to announce the appointment of Mr. William (Will) Robinson as Vice President Exploration and Mr. Amandip Singh as Vice President Corporate Development.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 13, 2023 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or the “Company”) (TSXV: WRLG) is pleased to announce the appointment of Mr. William (Will) Robinson as Vice President Exploration and Mr. Amandip Singh as Vice President Corporate Development.
  • With GT Gold, Mr. Singh was part of the management team that saw the Saddle North Cu-Au porphyry project advance from discovery to eventual acquisition by Newmont Mining in a transaction valued at USD $311M.
  • “We are pleased to welcome Will Robinson and Amandip Singh to the West Red Lake Gold team,” stated Tom Meredith, CEO of West Red Lake Gold Mines.
  • A summary regarding the RSU/DSU plan can be found in the Company's information circular dated October 7, 2022, which is filed on SEDAR.

Guskin Gold Provides Updates on Work Programs and Exploration Activities Underway on the Kukuom Gold Property in the Sefwi-Bibiani Gold Belt, Ghana, Africa

Retrieved on: 
Monday, February 13, 2023
Rock, Gold, Resolute, Government, RSG, JORC, Anomaly, Gravity anomaly, National instrument, Red, Disclosure, News, Soil, Sale, Kinross Gold, Purpose, IP, Chirano Gold Mine, OTCQB, Targets, JV, KGC, ASE, RC, Uranium mining, Rare-earth element, Surveying, Mining, Exploration

In 2023, Guskin’s exploration will focus on early-stage target definition programs at “Open Pit” (Esikaso) Prospect, the lithological contact zones, and the remarkably high magnetic anomalies.

Key Points: 
  • In 2023, Guskin’s exploration will focus on early-stage target definition programs at “Open Pit” (Esikaso) Prospect, the lithological contact zones, and the remarkably high magnetic anomalies.
  • Francis Lovebridge Agezo, Guskin Gold’s Director of Exploration participated in the exploration, discovery, and development of Cluff’s Ayanfuri Gold Mine and Red Back’s Chirano Gold Mine in Ghana.
  • This news release was written for the purpose of reporting on the operations pertaining to the Company’s Kukuom Gold Project.
  • The full report, while unpublished in this press release, must always be considered in its entirety.

Kinross to provide update on Great Bear project

Retrieved on: 
Thursday, February 9, 2023
Technical, NYSE, Technical report, TSX, Kinross Gold, Metallurgy, EST, Geology, KGC, Great Bear, Audit

TORONTO, Feb. 09, 2023 (GLOBE NEWSWIRE) -- On Monday February 13, 2023, Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross”) will release its initial resource statement (together with a NI 43-101 Technical Report focused on geology and metallurgy) for its Great Bear project in Red Lake, Ontario, followed by a virtual review session with a short presentation.

Key Points: 
  • TORONTO, Feb. 09, 2023 (GLOBE NEWSWIRE) -- On Monday February 13, 2023, Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross”) will release its initial resource statement (together with a NI 43-101 Technical Report focused on geology and metallurgy) for its Great Bear project in Red Lake, Ontario, followed by a virtual review session with a short presentation.
  • Kinross’ management team will host this presentation and question and answer session at 10 a.m. EST on Monday February 13, 2023, to discuss the project via an audio webcast at: https://app.webinar.net/0Okn1ZlLmMX .
  • The call-in numbers for the conference call are as follows:
    Canada & US toll-free – + 1 (888) 330-2446; Passcode: 4915537
    Outside of Canada & US – +1 (240) 789-2732; Passcode: 4915537
    The audio webcast will also be archived at: https://www.kinross.com/events .

Trillium Gold’s Historical Core Sampling Highlights Potential for Confederation Belt’s Gold Endowment

Retrieved on: 
Tuesday, February 7, 2023
Diamond, Red, Gold, Great Bear, Arsenic, OTCQX, Kinross Gold, TGM, Red Lake Mine, Panama, Exploration, Confederation, Anomaly, Chromium, Soil, Uranium, Printed circuit board, Lithium, The Fly (lake), Trillium

This clearly indicates that Trillium’s Confederation Belt property has the potential to host major gold discoveries.

Key Points: 
  • This clearly indicates that Trillium’s Confederation Belt property has the potential to host major gold discoveries.
  • VANCOUVER, British Columbia, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Trillium Gold Mines Inc. (TSXV:TGM, OTCQX:TGLDF, FRA:0702) (“Trillium Gold” or the “Company”) is pleased to provide an update on the extensive historical core sampling activities over its 55,000 hectare Confederation Belt project in Red Lake, Ontario.
  • These gold occurrences are considered significant insofar as very little of the Confederation Belt project has been drilled for its gold potential.
  • Selection of the historical holes was based upon several gold related criteria, chiefly but not limited to, their proximity to high-potential structures, position on-trend of known gold mineralization and proximity to gold showings in historical or field sampling by Trillium.

Wesdome Announces Executive Changes

Retrieved on: 
Wednesday, January 25, 2023
Gold, COVID-19, TSX, Retirement, WDO, Chair, Kinross Gold, Ivanhoe Mines, Interim, Management, Wesdome Gold Mines

TORONTO, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO) (the “Company” or “Wesdome”) announces today the retirement of Duncan Middlemiss as President and Chief Executive Officer of the Company and resignation from the board of directors of the Company (the “Board”).

Key Points: 
  • TORONTO, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO) (the “Company” or “Wesdome”) announces today the retirement of Duncan Middlemiss as President and Chief Executive Officer of the Company and resignation from the board of directors of the Company (the “Board”).
  • Warwick Morley-Jepson, the Chair of the Board, will act as Interim President and Chief Executive Officer to manage the Company as the Board works with an executive search firm to select a permanent successor.
  • In order to ensure an orderly succession, Mr. Middlemiss has agreed to remain in an advisory role to assist Mr. Morley-Jepson and the rest of the executive team on a temporary basis.
  • He previously served as Executive Vice President and Chief Operating Officer of Ivanhoe Mines and of Kinross Gold Corporation.

Contango ORE, Inc. Announces Private Placement of Common Stock

Retrieved on: 
Thursday, January 19, 2023
Mining, Minerals, Natural Resources, Peak gold, Security (finance), Private, Kinross Gold, The Lucky Shot, Common stock, Warrant, Lucky, NYSE, Technical report, Capital Purchase Program, Contango, Private placement, Sale, Camp, Gold, Exercise

Contango ORE, Inc. (“CORE” or the “Company”) (NYSE American: CTGO) announced today the issuance and sale of an aggregate of 117,500 shares for $20.00 per share (the “Shares”) of the Company’s common stock, par value $0.01 per share (the “Common Stock”), and warrants (the “Warrants”) entitling each purchaser to purchase shares of Common Stock for $25.00 per share (the “Warrant Shares” and together with the Common Stock and the Warrants, the “Securities”), in a private placement (the “Private Placement”) pursuant to Subscription Agreements, (the “Subscription Agreements”) dated as of January 19, 2023 between the Company and certain accredited investors (the “Purchasers”).

Key Points: 
  • Contango ORE, Inc. (“CORE” or the “Company”) (NYSE American: CTGO) announced today the issuance and sale of an aggregate of 117,500 shares for $20.00 per share (the “Shares”) of the Company’s common stock, par value $0.01 per share (the “Common Stock”), and warrants (the “Warrants”) entitling each purchaser to purchase shares of Common Stock for $25.00 per share (the “Warrant Shares” and together with the Common Stock and the Warrants, the “Securities”), in a private placement (the “Private Placement”) pursuant to Subscription Agreements, (the “Subscription Agreements”) dated as of January 19, 2023 between the Company and certain accredited investors (the “Purchasers”).
  • The Company will use the net proceeds from the Private Placement to fund its exploration and development program and for general corporate purposes.
  • The Securities sold were not registered under the Securities Act of 1933, as amended, but the Common Stock issued in the offering and the shares of Common Stock issued upon exercise of the Warrants are subject to a Registration Rights Agreement allowing the shares to be registered by the holders at a future date.
  • Petrie Partners Securities, LLC acted as sole placement agent on a portion of the transaction.