Augen Gold’s Mason won’t go down without a fight
Directors of Augen Gold (GLD-V) have unanimously recommended shareholders reject an all-share offer from neighbour Trelawney Mining and Exploration (TRR-V) valuing the company at $55 million.
Gold
[Update] Brigus to drive production growth
Brigus Gold (BRD-T) says gold production will increase as it ramps up the Black Fox mine and exploration efforts in Timmins, Ont.
Manson Creek shares surge on new gossans in Yukon
Shares of Manson Creek Resources (MCK-V) surged 185.7% on news it had discovered three new natural spring gossans on its Tell property immediately south of Atac Resources’ (ATC-V) Rau claims in the Yukon.
Golden Star looks to get back on track
Golden Star Resources (GSC-T, GSS-X) recently reported an initial resource estimate for its new Buesichem South deposit in Ghana, days after posting lower operating results for the second quarter.
Standard Chartered says gold could hit US$5,000 per oz.
After a decade-long bull market “the gold mining industry has done little to bring on new supply,” Standard Chartered concludes in a new report, arguing that the gold market is likely to be in deficit until at least 2015.
Strong drill results from Haile
Romarco Minerals (R-T) is continuing to see high-grade results from its Haile gold property in South Carolina as part of its ongoing drill program.
Wallbridge eyes producer status
It’s been a slow ride for Wallbridge Mining (WM-T), but one that has been picking up. With one spin out, another in the making and a project near production, the explorer is ready to change gears.
Joe Conway to lead combined Northgate and Primero
Only a year after Joe Conway took the helm at Primero Mining (P-T), the former Iamgold (IMG-T, IAG-N) president and CEO is set for another big change.
Rainy River rains gold
A spectacular intersect of 1,335 grams gold per tonne and 76.7 grams silver in 2 metres, just 42 metres below the surface, sent shares of Rainy River Resources (RR-V) up 29¢, or 3%, to $10.05 per share.
Silvercorp rebounds on resource updates, share buyback
Bruised by the fallout of the Sino-Forest (TRE-T) debacle, Silvercorp Metals (SVM-T) has regained lost ground after several resource updates, and a proposed share buyback.
Mega Precious Metals working to prove Red Lake theories
Mega Precious Metals (MGP-V) has released another round of gold hits from its North Madsen project, as it works to establish an open-pittable resource near Red Lake, Ont.
Galway hits “best gold intersect yet” at California
Vancouver – Galway Resources (GWY-V) has hit what it describes as the best gold intersect to date at its California project in Colombia.