Jr. Daily: AuRico seeks $300m debt, Endeavour’s Agbaou sings & more

We highlight the latest junior developments, updated daily. Today, AuRico seeks to turn refinance weith $300m offering and Fission outlines more offscale uranium hits.

In part to repay convertible debt due in 2016, AuRico (TSX, NYSE: AUQ) launched a $300 million debt offering that is to mature in 2022.

In exploration Fission Uranium (TSX-V: FCU) hit more offscale mineralization at its Patterson Lake project. Right now the question is continuity: how connected (or not) are high grade zones over a roughly 2 kilometres of strike? See a longitudinal section here.

Endeavour Mining (TSX: EDV; ASX: EVR) noted strong performance at its Agbaou gold mine in Côte d’Ivoire. The mine recently started up and Endeavour said milling was 115 percent of plan and that gold recoveries at 97 percen were five percent better than expected. Endeavour eyes 400,000-plus ounces gold in production this year overall.

And Syrah Resources (ASX: SYR) signed an MOU with Chinalco to supply it 80,000 to 100,000 tonnes graphite from its Balama project in Mozambique.

UPDATES HERE

COMMENTS   0

Comments on this article are closed.

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR
BTC / USD

Subscribe to our mailing list

* indicates required
Moneyweb newsletters

Instrument Details  

You do not have any portfolios, please create one here.
You do not have an alert portfolio, please create one here.
INSIDER SUBSCRIPTION APP VIDEOS RADIO / LISTEN LIVE SHOP OFFERS WEBINARS NEWSLETTERS TRENDING

Follow us: