Richmont adds ounces at Monique and Wasamac
Vancouver – Richmont Mines (RIC-T) has released a resource estimate for its potentially near-term producing Monique gold deposit in Quebec shortly after issuing a resource update at Wasamac.
Gold
Welsh gold – the ‘rarest gold in the world’
London, U.K. – If you’re looking for expensive gold jewellery this holiday season -not just any old gold jewellery, mind you, but gold of such fine quality and such rarity as befits a royal family – you might want to consider passing on Welsh…
San Gold rises sharply on drill review
A review of drilling results at San Gold’s (SGR-T) Rice Lake mining complex in Manitoba did the trick, as the release seemed to remind the market of the projects prospectivity.
International Minerals completes PEA on Converse
At a base-case gold price of US$1,300 per oz. and US$25 per oz. for silver and throughput of 45,000 tonnes per day, an open-pit mine at International Minerals’ (IMZ-T) Converse project in Nevada returns a pre-tax non-discounted cash flow of…
First Uranium to slash its workforce by half at Ezulwini
First Uranium (FIU-T) says it may cut up to 1,850 jobs at the Ezulwini gold-uranium mine in South Africa because it has not been able to sustain production levels.
Eldorado to buy European Goldfields
Eldorado Gold’s (ELD-T, EGO-N) proposed acquisition of European Goldfields (EGU-T, EGU-L) will enable Eldorado to increase gold production from about 650,000 ounces in 2011 to over 1.4 million ounces by 2014–or a rate of 30% on an…
More ounces lift Extorre
Extorre Gold Mines (XG-T, XG-X) took another step towards production at its Cerro Moro project in southern Argentina with the release of an updated resource estimate.
Gold-Ore and Astur Gold to merge
Vancouver – European-focused Gold-Ore Resources (GOZ-T) and Astur Gold (AST-V) have decided to join forces to create a single company with one producing gold mine and a second gold project with significant potential.
Barkerville taps into Bonanza Ledge gold in BC
Barkerville Gold Mines (BGM-V) has cleared another hurdle in its quest for a modern take on the gold rush that filled the hills around Barkerville 150 years ago.
NovaGold, Barrick table feasibility on Donlin
A second feasibility study on the Donlin gold project in southwestern Alaska puts capital costs at US$6.7 billion – down from US$7 billion – and includes US$834 million for building a 500-km natural gas pipeline and US$984 million in…
Virginia Mines a buy or hold near current levels: Cook, Casey
It is no easy task to find junior exploration companies these days with tangible assets and a steady share price able to withstand any mighty downdrafts that could accompany a wide-scale financial system collapse similar to the one seen in the…
Intrepid Mines keeps expanding Tumpangpitu
For the third time in a little over a year, Australia-based Intrepid Mines (IAU-T, IAU-A) has added hundreds of millions of inferred tonnes at the Tujuh Bukit gold-copper project in Indonesia.