Monday March 15, 11:21Diamondcorp: a big cash injection and a lot of work to do
70% of the new money was raised from current shareholders, reflecting a hefty amount of faith in the management to deliver.
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Monday March 15, 08:34Robust Resources shares spike on record 82.5M gold-silver zone
The outstanding result came from hole LWD 062 which intersected gold and silver mineralisation over a drilled width of 82.5 metres. It is the widest intersection encountered by Robust in sixteen months of drilling to date.
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Monday March 15, 09:01China's growth boosting commodity prices
The latest economic figures from China have put pressure on the
dollar and boosted a number of high-yielding currencies, including the
Australian dollar and the South African rand.
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Founded in August 2000, Sprott Asset Management Inc. (SAM) is a private independent fund company, owned by its employees, dedicated to achieving superior returns for its investors over time.
Sprott Asset Management ups stake in Norseman Gold to 12.6%
Toronto based investment firm, Sprott Asset Management (TSX: SII) has increased its stake in Australian gold producer Norseman Gold (ASX & AIM: NGL) to 12.6%.
Norseman Gold’s principal asset is the Norseman gold project, which currently has a total resource inventory of 2.1 Mt (million tonnes) at a grade of 5.4 g/t (grams per tonne) gold for 3.6 million oz (ounces), with a reserve inventory of 1.2 Mt grading 8.2 g/t gold for 310,000 oz.
Norseman produced 80,753 oz of gold in 2009 at a cash cost of A$715 per oz with both marking improvements over the previous year, while ending the year debtless and wish a cash balance of A$32.6 million.
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