Day: March 8, 2016

New Gold further increases cash flow certainty with gold option contracts

“We continue to have a positive view on the gold market. Given the meaningful increase in the gold price, we are taking a prudent step to establish a floor price for our revenues through the balance of 2016 while maintaining significant exposure to higher prices,” stated Brian Penny, Executive Vice President and Chief Financial Officer. “Our unique decision to enter into the option contracts is solely a function of 2016 being our most significant year of investment at our Rainy River project. We do not have any plans to enter into any similar contracts beyond this brief nine-month period.”

Promocionan inversiones mineras para Chihuahua

En un esfuerzo por continuar la promoción de la industria minera de nuestro estado, por atraer mayor inversión extranjera, la Secretaría de Economía participa en la Convención Internacional PDAC PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA, la feria de intercambio entre inversionistas líder en el mundo para las personas, empresas y organizaciones en conexión con la exploración minera.

Garibaldi Mobilizes for Drilling at Rambo High-Grade Gold Target

Garibaldi Resources Corp. is pleased to announce that field crews have mobilized to commence first-ever diamond drilling at the Rambo high-grade gold target, part of the company’s 100%-owned Rodadero Gold-Silver Project. Drilling will test this very prospective area for a gold system approximately 6 km east of the company’s Silver Eagle deposit, underscoring the large-scale nature of this emerging mineral camp in central Sonora State.

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