Sumatra Copper & Gold has announced it intends to appoint Wilkins Kennedy Amersham as administrators of the company, less than a week after Orinoco Gold went into administration.
Our daily board moves wrap includes Alistair McCall, Stefan Murphy, Greg Hall, Carol New, Neil Porter, Adrian Byass, Andrew Allan, Michael Malone, Di Fulton, Gerard Dyson, Peter Holton, and Gary Pennefather.
The share prices of Orinoco Gold and Doray Minerals have risen today after the companies announced positive drilling results at their respective projects.
Gold junior Orinoco has tapped investors for a near-$5 million capital raising and a $3 million investment by AngloGold Ashanti, as it progresses development of its Cascavel operation in Brazil.
Orinoco Gold has appointed Craig Dawson, current chief operating officer, as chief executive officer. John Hannaford has retired as non-executive chair.
Perth explorer Orinoco Gold has announced plans to buy out its joint venture partners at the Cascavel mine for $US6.3 million in cash and shares, while both its managing director and chairman have tendered their resignation.
Cape Lambert Resources Limited has sold its royalty on the Mayoko iron ore project for $1 million cash subject to the formality of the new owners signing off on the transaction.
AngloGold Ashanti has made a $6 million investment in Perth-based Orinoco Gold and plans to spend $US9.5 million ($A12.4 million) to farm-in on the company's gold tenements in Brazil.
Junior gold miners Dynasty Resources and Orinoco Gold have announced plans to raise a combined $2.6 million to fund ongoing work at their respective projects.
Local companies Triton Minerals, General Mining Corporation and Orinoco Gold have announced plans to raise a combined $24.6 million to fund ongoing work at their respective projects.
Orinoco Gold will make the transition from explorer to producer after receiving approval from its board to begin developing an underground mine at its Cascavel project in Brazil.
West Perth gold explorer Orinoco Gold is aiming to become a gold producer in 2015, after announcing a $14 million package to commence production at its Cascavel project.
Orinoco Gold shares plunged on the ASX today, despite the company saying it had identified a pathway to production at its 70 per cent-owned Cascavel gold mine in Brazil by inking a strategic allian
Perth-based gold play Strickland Resources is repositioning itself as a Brazil-focused exploration company, after announcing the acquisition of Orinoco Resources and launching a $2.7 million capita
