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Detour secures funds to build mine
Detour Gold (DGC-T) is raising $240 million in equity to finish building its Detour Lake mine near Cochrane, Ont., in hopes of becoming “Canada’s largest gold mining operation,” states the company’s president and CEO, Gerald Panneton, in a…
Roundup highlights new discoveries in BC, Yukon and Alaska
With the Association for Mineral Exploration British Columbia celebrating its 100th anniversary at this year’s Mineral Exploration Roundup in Vancouver, it was only fitting that most of the projects highlighted in the Tuesday sessions had long…
Canadian gold mutual funds
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Still lots to learn arounad Tasiast
With Kinross Gold’s (K-T, KGC-N) Tasiast gold project generating some negative headlines lately – to say nothing of the negative momentum of its share price – investors may be thinking that the shine is off Tasiast and gold mining in general…
Endeavour Mining set to grow following merger
Having just completed a merger with Adamus Resources in December, Australia-based Endeavour Mining (EDV-T, EVR-A) now has two producing mines in West Africa and several advanced projects in the pipeline.
Brilliant Resources looks to shine in Equatorial Guinea
There are few countries in the world without active mineral exploration, but before Brilliant Resources (BLT-V) showed up, Equatorial Guinea was one of them.
Giustra shell graduate flops on assays
They say for every mine put into production, a thousand other geological prospects are tested and found lacking. Notwithstanding the small probability of achieving just one success over a life-long career in mining, a small group of promoters…
Burkina’s gold hunt heats up
Burkina Faso has recently seen more gold mining due to its relatively stable government, favourable geology, modern mining code and attractive fiscal regime.
Semafo hopes to boost gold production
Montreal-based Semafo’s (SMF-T) three operating mines in West Africa are expected to produce between 235,000 oz. gold and 260,000 oz. gold on a consolidated basis in 2012 at an estimated operating cash cost of US$700 to US$750 per oz.,…
PMI Gold sets out financials for fast-growing Obotan project
Australia-based PMI Gold (PMV-V) has outlined a 205,000-oz.-gold-per-year operation in a prefeasibility study on its Obotan gold project in Ghana.