News Articles for Orinoco Gold

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.

A total of 34 insolvencies were announced for WA-incorporated companies in the past fortnight

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.

Ian Stuart has been appointed non-executive chair, and Stuart Hall has retired as non-executive director, of Bryah Resources.

Junior miner Orinoco Gold has announced a $12.1 million capital raising to target a ramp-up in production at its Cascavel operation in Brazil.

The share prices of Orinoco Gold and Doray Minerals have risen today after the companies announced positive drilling results at their respective projects.

Darren Wasylucha has been appointed chief corporate officer of Australis Oil & Gas.

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.

Galaxy Resources has appointed Xi Xi as non-executive director.

Chinese guarantee services company Ding Sheng Xin Finance has advised that WenFeng Tang will retire as executive director and chief operating officer.

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.

Local explorers Hot Chili and Orinoco Gold have raised a combined $9 million from investors to fund ongoing work at their respective projects.

Auroch Minerals announced that Dr. Andrew Tunks has committed to a full-time role as Auroch CEO.

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

West Perth-based junior Orinoco Gold will tap shareholders for up to $4 million as it works to progress its exploration projects in Brazil.

Junior mining stocks Orinoco Gold and Peak Resources have bolstered their coffers with capital raising that will raise a total of $6.1 million.

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