Deals this week: Regis Resources, Coeur and more

9 August 2012 (Last Updated August 9th, 2012 18:30)

Regis Resources has signed a letter of intent to purchase the McPhillamys Gold Project in the Bathurst region of New South Wales, Australia for $150m.

Regis Resources has signed a letter of intent to purchase the McPhillamys Gold Project in the Bathurst region of New South Wales, Australia for $150m.

The company reached an agreement with the project's owners, Newmont Exploration, a subsidiary of Newmont Mining Corporation, and Alkane Resources.

Coeur d'Alene Mines will acquire 1,851,852 common shares of Huldra Silver at a cumulative price of C$2m.

The acquisition will increase Coeur's stake to 8.8% of the issued and outstanding shares of Huldra.

Copper One has completed the acquisition of the Queylus copper-gold property in Quebec from Lounor Exploration.

The company paid Lounor $23,750 in cash, issued 475,000 of its common shares and granted royalties ranging from 1% to 2% of the net smelter return in connection with ore extracted from certain claims comprising the property.

Uragold has entered into a non-binding term sheet with Bolero Resources for the sale of its Asbury mining claims located in Ontario, Canada.

Bolero is expected to make an initial payment of C$30,000 ($30,200) to Uragold and a second cash payment of C$70,000 ($70,500) within thirty days of the signed term sheet.