Riverstone reports wide intersects in Burkina
The results of 10 diamond drill holes at the Goulagou I deposit will allow Riverstone Resources (RVS-V) to upgrade the resource model at its flagship Karma gold project in Burkina Faso.
Gold
Sanatana gets a boost from Watershed results
VANCOUVER — Vancouver-based exploration outfit Sanatana Resources (STA-V) enjoyed a share bounce-back following the release of drill results from its joint-venture Watershed gold project 20-km southwest of Gogama, Ontario.
Alacer ups 2012 production target, despite poor Q1 results
Alacer Gold (ASR-T, AQG-X) has bulked up its 2012 production guidance by 3% to 396,000 to 410,000 attributable ounces gold, following higher grades at its Copler gold mine in Turkey despite reporting a weak first quarter.
Freeport stands strong in eye of Indonesia’s nationalisation storm
VANCOUVER — The world’s largest, publicly-traded copper producer, Phoenix-based Freeport-McMoRan Copper & Gold (FCX-N), is standing tough in the face of simmering labour turmoil and nationalisation overtures aimed at its…
Garrcon coming into sharper focus for Northern Gold
Northern Gold Mining (NGM-V) continues to advance its Garrison project in northern Ontario in leaps and bounds.
Friedland resigns from Ivanhoe Mines
Just a few months after Rio Tinto (RTP-N, RIO-L) took a controlling 51% stake in Ivanhoe Mines (IVN-T, IVN-N, IVN-Q), billionaire founder and chief executive Robert Friedland has resigned from the company along with five other members of the…
AuRico focuses on gold assets, divests El Cubo to Endeavour Silver
VANCOUVER — Toronto-based AuRico Gold (AUQ-T, AUQ-N) completed the sale of its El Cubo silver-gold mine in Mexico’s Guanajuato state and its Guadalupe y Calvo silver-gold exploration project in Mexico’s Chihuahua state…
Asian investment creates buzz about South American Silver
High-tech investors, materials manufacturers and end users of indium and gallium from Taiwan, Hong Kong, Japan and Korea have invested US$16 million in South American Silver (SAC-T, SOHAF-) in a private placement that has brought the…
Ivanhoe completes scoping study on Mount Elliott
Ivanhoe Australia’s (IVA-T, IVA-A) acquisition in September 2010 of the Osborne copper-gold processing complex in northwestern Queensland will help transform the company into a significant base metal producer and much of its mill feed is…
Endeavour takes root in West Africa’s goldfields through organic growth
VANCOUVER — Endeavour Mining (EDV-T, EVR-A) has ambitions of being the next mid-tier gold outfit. With two West African mines already in steady-state production, a third moving towards feasibility, and an aggressive US$30 million…
Gran Colombia to double Segovia’s output
Gran Colombia Gold (GCM-T) expects to nearly double production at its Segovia gold operation in Colombia to 130,000 oz. in 2012, targeting an annual output of 200,000 oz. by 2014.
SouthGobi warns of a possible suspension of activities
Just two weeks after the Aluminum Corporation of China announced that it intended to make a proportional takeover bid for up to 60% of SouthGobi Resources’ (SGQ-T) issued and outstanding shares, and Ivanhoe Mines (IVN-T, IVN-N, IVN-Q)…