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Recent Sector News
Gold Resource Corp (NYSE MKT:GORO) said it has intersected multiple high grade, parallel veins at the Switchback discovery at its El Aguila project in Mexico.
After reporting record 2014 production earlier this month, Crocodile Gold (TSE:CRK)(OTCQX:CROCF) has announced the remainder of its preliminary results for the fourth quarter, including a near 40 percent increase in quarter-on-quarter operating cash flow.
Osisko Gold Royalties (TSE:OR) had its price target lifted at Dundee Capital Markets to C$16.00 from C$14.75 previously, while its neutral rating was maintained, after the royalty company announced a C$200 million bought deal financing earlier this week.
Klondex Mines (TSE:KDX) says it expects to increase production by about 15 percent this year from 2014, confident on its ability to execute its growth plans.
"The trend of Ontario takeovers is poised to continue due to low political risk, excellent infrastructure, high quality projects and the lower Canadian dollar," said Treasury's VP of corporate development, Greg Ferron, in emailed comments.
Goldcorp (TSE:G), Canada’s largest gold miner by market value, said it has agreed to buy full control of Probe Mines (CVE:PRB), a metals exploration company, for C$526 million in an all-stock deal to add an Ontario deposit that will expand its Porcupine operation in the Canadian province.
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