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Stock Market & Financial Investment News

News Breaks
December 21, 2012
17:37 EDTRBYRubicon believes legal action from Wabauskang First Nation without merit
Rubicon Minerals Corporation has been named in a petition for judicial review focused on the Province of Ontario's authority to approve a production closure plan. The company remains committed to the consultation process and invites Wabauskang First Nation, or WFN, back to the negotiating table to discuss the terms of a benefits agreement, and will vigorously defend its record and this petition which it believes to be without merit. Construction activities, including shaft sinking and mill construction continue to progress at the Phoenix Gold Project.
News For RBY From The Last 14 Days
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July 23, 2015
17:10 EDTRBYRoyal Gold provides streaming and royalty update
Royal Gold (RGLD) provided an operational update for its streaming and royalty interests at Mount Milligan, Phoenix and Voisey’s Bay. In Q2, the company’s wholly owned subsidiary, RGLD Gold AG, purchased approximately 21,400 ounces of gold from the Mount Milligan mine at a cash price of $435 per ounce as part of its purchase and sale agreement with Thompson Creek (TC) and sold approximately 23,000 ounces of gold related to Mount Milligan. Rubicon Minerals (RBY) announced its first gold pour at the Phoenix Gold Project of approximately 741 ounces. RGLD Gold will begin receiving deliveries in the current quarter related to initial commissioning activities and anticipates more substantial gold deliveries as the mine ramps up to design production. Rubicon will deliver 6.30% of the gold from the Phoenix mine until 135,000 ounces have been delivered, then 3.15% thereafter. RGLD Gold will pay 25% of the spot price at the time of delivery. Royal Gold also received the first quarterly royalty payment relating to processing Voisey’s Bay nickel concentrates at Vale’s new Long Harbour hydrometallurgical plant.

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