Mandalay and Elgin are pleased to announce the completion of the acquisition of Elgin by Mandalay by way of a court-approved plan of arrangemen. Mr. Brad Mills, Chief Executive Officer of Mandalay, commented, "I am pleased to announce that we have successfully closed the Elgin transaction as planned, adding Elgin's Björkdal gold mine in Sweden as [...]
Elgin Mining is pleased to announce that at the Special Meeting of the Shareholders held earlier today, Elgin Mining received overwhelming approval for the plan of arrangement pursuant to which Mandalay Resources will acquire all of the outstanding common shares of Elgin Mining. Of the votes cast, 99.82% of Elgin Mining shareholders and 99.81% of [...]
Elgin Mining reports its financial and operational results for three and six months ended June 30, 2014. Elgin Mining owns and operates the Björkdal gold mine in Sweden, and holds the past-producing Lupin gold mine and the Ulu gold property in Nunavut, Canada. All figures are in United States dollars ($ or USD) unless otherwise indicated. A copy of [...]
Elgin announced today that is has received, by way of the previously disclosed convertible bridge loan, approximately C$5 million from Mandalay Resources. Elgin used the proceeds of the loan to repay its existing loan from Sprott Resource Lending Partnership and has now settled all outstanding reclamation obligations relating to its former coal [...]
Elgin is pleased to provide the following update on the previously announced transaction with Mandalay Resources. Elgin Mining has now reached a resolution on all outstanding reclamation obligations relating to its former coal operations in Kentucky, and these are to Mandalay's satisfaction. Elgin Mining has filed amended and restated interim [...]
Elgin Mining announced today that it is accelerating the expiry date of the 12,279,166 outstanding common share purchase warrants of the Company issued on September 13, 2013 to August 26. This news release constitutes notice to the holders of Warrants that any unexercised Warrants outstanding at or after 5:00 p.m. Eastern Daylight Time on the [...]
Mandalay Resources and Elgin Mining announced today that they have entered into an arrangement agreement pursuant to which Mandalay will acquire all of the outstanding common shares of Elgin for consideration consisting of C$0.37 cash or 0.4111 of a Mandalay common share per Elgin common share, subject to pro ration. The total transaction value is [...]
Elgin reports its financial and operational results for the three months ended March 31, 2014. Elgin Mining owns and operates the Björkdal gold mine in Sweden, and holds the past-producing Lupin gold mine and the Ulu gold property in Nunavut. All figures are in United States dollars1 unless otherwise indicated. A copy of the Company's financial [...]
Elgin Mining announces that the Company will release its first quarter 2014 financial and operational results after the close of business on Tuesday, May 13th, 2014. A conference call will follow on Wednesday, May 14th, 2014 at 2pm for management to discuss the results. This discussion will be followed by a question and answer period.
Elgin Mining reports its financial and operational results for the three months and year ended December 31, 2013. Elgin Mining owns and operates the Björkdal gold mine in Sweden, and holds the past-producing Lupin gold mine and the Ulu gold property in Nunavut. All figures are in Canadian dollars ($ or CAD) unless otherwise indicated. A copy of the [...]
Elgin Mining announces that the Company will release its fourth quarter and full year 2013 financial and operational results prior to the market opening on Monday, March 24th, 2014. A conference call will follow on the same day at 2pm (Eastern Time) for management to discuss the results. This discussion will be followed by a question and answer [...]
Elgin Mining released today its gold production and operating outlook for 2014. The Company expects to see a significant year-over-year improvement in the operating and cost performance of its Björkdal mine with gold production consistent with the previous year. At current gold prices above US$1,300 per ounce, the Company expects AISC* to be below [...]
