Falco Resources Ltd
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Falco deal with Glencore key to Horne 5 development
Falco Resources’ (TSXV: FPC) Horne 5 project contains 7 million oz. gold. It might contain just as many questions. Perhaps the biggest one is whether or not Falco will secure a fair operating agreement with Glencore (LON: GLEN), which operates the Horne…
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MINING PEOPLE: Falco Resources, Essex Minerals, Copper One, and NexGen Energy
Bryan A. Coates Is the new chair of Falco Resources in Montreal following the resignation of Sean Roosen from the board. Coates is also president of Osisko Gold Royalties. Toronto-based Copper One has named Stan Bharti president, CEO and director…
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MINING PEOPLE: Enforcer Gold, Falco Resources, Neo Lithium, and Troilus Gold
Antoine Fournier is the new VP exploration at Toronto-based Enforcer Gold Corp. He holds a BSC in geology from Concordia University and an MSc in economic geology from McGill University. Most recently Fournier oversaw the restructuring of Big North Graphite…
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COPPER-GOLD: Falco moving Horne 5 toward 2022 start
QUEBEC – Falco Resources of Montreal continues to move its Horne 5 copper-gold project toward a 2022 start up. The project, that represents an investment of $1.3 billion for both pre-production and sustaining costs, is located at Rouyn-Noranda. Construction of…
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GOLD: Falco chooses Sandvik to supply Horne 5 mining fleet
QUEBEC – Falco Resources of Montreal has signed a $60-million agreement to purchase the mining fleet for the Horne 5 underground gold project from Sandvik Mining and Rock Technology. The project, located in Rouyn-Noranda, could produce its first gold in…
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GOLD: Falco releases Horne 5 feasibility with AISC of $399/oz
QUEBEC – Montreal’s Falco Resources has released a feasibility study that points toward an all-in sustaining cost of $399/oz., net of by-product credits, for gold produced at its Horne 5 project in the Rouyn-Noranda camp. The company calls the project…
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GOLD-COPPER: Falco closes $28+M bought deal to advance Horne 5 project
QUEBEC – Falco Resources of Montreal has closed a bought deal offering that grossed $28.75 million. The company sold 22.29 million units (including the overallotment) at a price of $1.29 each. Each unit allows the holder to acquire one common…
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MINING PEOPLE: Anaconda, Aurvista, Falco Resources, Moneta Porcupine, Orezone, and Resource Capital Gold
Anaconda Mining, with head offices in Toronto, has named former VP of technical services Gordana Slepcev as COO. She has an MSc and a BSc in mining engineering from the University of Belgrade. Separately and for the second time, company…
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GOLD-COPPER: Falco secures hoists for Horne 5 project
QUEBEC – Montreal-based Falco Resources has signed a contract with ABB Canada to supply the hoisting system for the Horne 5 gold-copper project in Rouyn-Noranda. The contract includes engineering, procurement, supply, performance services, and installation. Three hoists will be installed.…
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MINING PEOPLE: Champion Iron, Falco Resources, First Cobalt, and INV Metals
Champion Iron of Montreal has named David Cataford as its COO following the retirement of Alexander Horvath. Cataford joined the company in 2014 as VP engineering and oversaw the completion of the Bloom Lake iron ore feasibility study. As the…
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GOLD: Falco raises $10.8M for Horne 5 work
QUEBEC – Montreal’s Falco Resources has closed a $10.8-million private placement with which to dewatering old workings to advance development at the Horne 5 gold mine in the Rouyn-Noranda camp. The company issued 10.1 million units at a price of…
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COPPER-GOLD-ZINC: Falco raises $36.5M for Horne 5
QUEBEC – Falco Resources of Montreal has closed a bought deal offering that raised $36.5 million in flow-through exploration financing. The company sold slightly more than 24.18 million units at a price of $1.07 per unit and 8.26 million flow-through…
