Merrex Gold thinks big in Mali
The hard-hit junior gold mining sector enjoyed a rare respite in October, but while many juniors moved up, Merrex Gold (MXI-V) was among the most favoured of them all.
Gold
Roxgold to raise another $11 million for Burkina Faso gold projects
Vancouver – One of 2011’s few success stories, Roxgold (ROG-V) has seen its share price rise from a low of 19.5¢ in February to a high of $1.55 in mid-October on the back of spectacular high-grade gold hits from its flagship Yaramoko gold…
Agnico-Eagle takes big hit in Q3 with Goldex closure
Vancouver – Agnico-Eagle Mines (AEM-T, AEM-N) has posted a US$81-million net loss for the third quarter following the write-off of its Goldex gold mine in Quebec.
Ventana 2? Ross Beaty invests heavily in CB Gold
Vancouver mining magnate Ross Beaty has agreed to invest $11 million in Colombia-focused junior gold explorer CB Gold (CBJ-V) just days after the company announced a major discovery at its main Vetas gold project.
Early but promising results for Ethos
The first trenching results are in from Ethos Capital’s (ECC-V) Mascot Creek zone and they are indeed promising. The first line of testing saw a total of 52 trench pits dug over 270 metres. The highlight assays came from 9 samples averaging 7.3…
Iamgold buys toehold in Colombia’s Middle Cauca belt
Vancouver – Iamgold (IMG-T, IAG-N) has agreed to buy a minority interest in two junior explorers with porphyry gold-copper projects in Colombia’s highly prospective Middle Cauca belt south of Medellin.
The big boys pay more: Barrick and Newmont boost dividends.
Despite record high gold prices the companies’ that mine the metal have been slow to receive valuations that reflect the cashflows pouring on to their financial statements. The two biggest gold miners in the world, Barrick Gold (ABX-T, ABX-N)…
Bralorne hits high grade gold in BC
Vancouver – Bralorne Gold Mines (BPM-V) has hit very high grade gold at its eponymous mine near Gold Bridge, British Columbia.
Claude spices its offer for St. Eugene
Claude Resources (CRJ-T, CGR-X) has sweetened its all-share proposal for St. Eugene Mining (SEM-V).
CB Gold hits it big in Colombia’s promising Vetas district
Vancouver – Ten kilometres south of the rich La Bodega and La Mascota gold deposits in Colombia acquired by Eike Batista’s EBX Group earlier this year in its $1.5-billion takeover of Ventana Gold, CB Gold (CBJ-V) has drilled into a new gold…
Who knew there was gold in Chapleau?
In the 11 years David Palmer has spent working in remote, infrastructure-challenged corners of northern Ontario and Quebec, the geologist has never had the luxury of stepping out of his hotel and being on-site within 15 minutes. Until Borden…
Cte d’Ivoire troubles trip up Avion in Mali
Avion Gold (AVR-T) has fallen short of its third-quarter gold production target by 17%, owing to heavy rains and delays in receiving spare parts.