Perth-based Perseus Mining (PRU-T, PRU-A) has brought its first West African gold mine to commercial production, pouring 35,801 oz. gold in the fourth calendar quarter of 2011 from the Edikan gold mine in Ghana.
Vancouver -The S&P TSX Venture Composite Index saw a healthy gain of 57.58 points in the January 23 to 27 period, ending at 1,628.92 points after four days of gains and one day of losses. Volume was up significantly with an average of 132…
Montreal-based Semafo’s (SMF-T, OMX-Q) three operating mines in West Africa are expected to produce a total of between 235,000 ounces of gold and 260,000 ounces of gold in 2012, according to company forecasts.
While the TSX Composite Index’s motion for the Jan. 23-27 period was relatively sideways (it managed to carve out a modest 33 point gain to 12,466.50 points) the fact that it didn’t gather downward moment in the face of some less than inspiring…
The U.S. economy in the final three months of 2011 grew at its fastest pace in more than a year and a half with GDP growth of 2.8%, up from 1.8% growth in the third quarter and 1.3% in the second quarter. Federal Reserve Chairman Ben Bernanke…
They say for every mine successfully put into production, 1,000 other geological prospects are tested and found lacking. Notwithstanding the small probability of achieving just one success over a life-long career in mining, a small group of…
Infill drilling at Quadra FNX Mining’s (QUX-T) polymetallic Victoria project in Sudbury, Ont., has increased inferred resource tonnage by 16% and raised by 32%, 26% and 4% its contained nickel, copper and total precious metals, respectively,…
The Caspiche gold-copper project in northern Chile’s Maricunga gold district has a US$2.8-billion pre-tax net present value at a 5% discount rate and a pre-tax internal rate of return of 11.5%, according to Exeter Resource’s (XRC-T, XRA-X) new…
Driving down cash costs, generating immediate cash flows and building itself into the world’s largest primary silver producer sound like good enough reasons for Pan American Silver (PAA-T, PAAS-Q) to table a friendly takeover bid for fellow…
Kinross Gold (K-T, KGC-N) fell more than 20% after it said it is reviewing its three major advanced gold projects to improve economics, likely causing months of delay and a goodwill write down of the Tasiast gold project in Mauritania.
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Resources at BHP Billiton’s (BHP-N) Spence copper mine in northern Chile has grown by nearly 700%, following a four-year, US$30-million brownfield exploration program.
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