Positive economics for Brazilian Gold’s Sao Jorge
Brazilian Gold (BGC-V) has taken a step forward with the release of a positive preliminary economic assessment (PEA) for its Sao Jorge gold project in the Tapajos region of northern Brazil.
Gold
Lydian outlines potential Armenian mine
Armenia-focused Lydian International (LYD-T) has outlined the potential to produce 1.6 million oz. gold from its Amulsar project in a preliminary economic assessment.
Richmont’s lacklustre Q2 results
Richmont Mines (RIC-T, RIC-X) had a difficult second quarter, posting a net loss of $30.9 million, or 92¢ per share, which included the previously released $28-million after-tax writedown on its Francoeur mine in Quebec.“The…
Goldcorp’s Penasquito yet to find its legs
Beset by a string of early production issues, Goldcorp (G-T, GG-N) is hurriedly working to ramp up to full production at its newest flagship mining asset, the Penasquito silver-gold-lead-zinc mine in Mexico’s Zacatecas State.
Midas explores consolidated Idaho gold property
Vancouver – Recently-launched Midas Gold (MAX-T) is working through a 20,000-metre drill program at its consolidated gold property in Idaho’s Stibnite-Yellow Pine district as it looks to prove up the project’s potential.
Great Panther re-starts concentrate shipments
Great Panther Silver (GPR-T, GPL-X) has started shipping silver-gold pyrite concentrates from its Guanajuato mine to a new buyer in Mexico. Shipments had been delayed because an overseas smelter with which Great Panther had a one-year contract…
Majescor doubles on pre-earthquake Haitian drill results
Ottawa-based Majescor Resources (MJX-V) has released high-grade gold assays, including 10.5 metres of 77 grams gold per tonne, from drilling completed in December 2009 at its Somine gold-copper project in northeast Haiti.
Alexis looks to get back on track
Alexis Minerals (AMC-T) is looking to make a comeback.
U.S. Gold gets edge in Mexico with new hire
U.S. Gold Corp.’s (UXG-T, UXG-N) El Gallo project in Sinaloa, Mexico is often compared with Pan American Silver’s (PAA-T, PAAS-Q) Alamo Dorado deposit, now an operating silver mine 240 km to the north.
Venezuela’s Chavez to nationalize gold industry
Having already nationalized most of Venezuela’s main industries, including oil, banking, telecommunications, power and hundreds of thousands of acres of agricultural land, president Hugo Chavez’s announcement on Wednesday that he will soon…
Almaden expands Ixtaca zone
Vancouver – Prospect generator Almaden Minerals (AMM-T) continues to expand its wholly-owned Ixtaca discovery as it works through a 20,000-metre drill program on the property.
Claude finds new gold zone at Seabee
Claude Resources’ (CRJ-T, CGR-X) share price got a welcome boost after hitting a new gold zone at its wholly owned Seabee gold mine in Saskatchewan.