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.
News
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…
Adriana joins forces with WISCO
Adriana Resources (ADI-V) is back up after dropping 15% yesterday as the company reported late in the day that it’s partnering with WISCO International Resources to develop and run the Lac Otelnuk and December Lake iron ore properties in…
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.
First Point’s Decar starts to take shape
Vancouver – First Point Minerals (FPX-V) has released assays from the first 9 of 36 holes from the 2011 drill program at its flagship Decar nickel-iron alloy project in central British Columbia. Cliffs Natural Resources (CLF-N) managed the…
South American Silver releases first Escalones resource
Vancouver – South American Silver (SAC-V) has released a first resource estimate on its wholly-owned Escalones copper-gold-silver project in central Chile.
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.
Taca Taca gets bigger and better
After a brief stop around midnight to refuel in Panama, Ross Beaty pulls out a sleeping bag from his carry-on and spreads it in the aisle of the luxurious Gulfstream III jet he has chartered to fly a group of mining analysts to Lumina Copper’s…
Rye Patch pounces on Coeur d’Alene’s lapsed claims
Rye Patch Gold (RPM-V) shares surged 84% to 71¢ on Dec. 5 on news the junior scooped up lapsed mining claims from Coeur d’Alene Mines (CDM-T, CDE-N) in Nevada’s Rochester mining district.
How to make it as a gold miner in Africa
If you ask Mark Bristow what it takes to build a successful gold mining company in Africa, he’ll start by telling you what it doesn’t take.