U.S. markets, Dec. 27-Jan. 3
U.S. equities slipped during the holiday-shortened trading week, but ended 2013 on a positive note.
Africa
Amara reports largest resource in Ivory Coast
Amara Mining (TSX: AMZ; LSE: AMA) has expanded resources at its Yaoure project in the Ivory Coast from 2.7 million oz. gold grading an average of 1.1 grams gold per tonne to 6.3 million oz. gold averaging 1.3 grams gold per tonne, and claims…
Roxgold finds more cash to advance Yaramoko
Roxgold (TSXV: ROG; US-OTC: ROGFF) Roxgold plans to add cash to its balance sheet by acquiring a private company called XDM Royalty Corp. in an all-share deal.
More stellar results for Nevsun
Nevsun Resources (TSX: NSU; NYSE: NSU) continues to prove up the mineral potential of Eritrea.
Banro pours first gold at Namoya
Despite delays and two separate downward revisions to its gold production target at Namoya this year, Banro Corp. (TSX: BAA; NYSE: BAA) managed to pour the first gold at its newest mine in the Democratic Republic of the Congo on Dec. 30.
Mark O’Dea’s True Gold proves Karma’s potential
VANCOUVER — True Gold Mining (US-OTC: RVREF) can turn its Karma gold project in Burkina Faso into an open-pit heap leach mine generating strong returns for just US$131.5 million, according to a new feasibility study.
Semafo huntsfor second Siou
Soil sampling at Semafo’s (TSX: SMF; US-OTC: SEMFF) Mana property in Burkina Faso has pinpointed a north-trending corridor measuring more than 14 km long and up to 4 km wide, 8 km north of the Siou deposit.
Asanko takes a second go at PMI
In a friendly all-share deal valued at $183 million, Asanko Gold (TSX: AKG; NYSE-MKT: AKG) plans to take over PMI Gold (TSX: PMV; ASX: PVM; US-OTC: PMVGF) to create an emerging mid-tier gold producer.
International Millennium, Elephant Copper to merge
Vancouver-based International Millennium Mining (TSXV: IMI), which has exploration properties in B.C. and Nevada, is adding ground to its portfolio in Africa through a planned merger with a slightly larger private company called Elephant Copper.
Centamin depleting reserves at Sukari
Centamin’s (TSX: CEE) recent acquisition attempt on Australian junior Ampella Mining (ASX: AMX) has been given more context with the release of the latest reserve estimate from its flagship Sukari gold mine in Egypt.
U.S. markets, Dec. 9-13
U.S. markets took a hit during the week, with the Dow Jones Industrial Average falling 264.84 points, or 1.6% to 15,755.36. The broader S&P 500 Index tumbled nearly 30 points to 1,775.32. The Nasdaq Composite Index slipped 61.54 points to…
Centamin eyes big African land position with Ampella bid
VANCOUVER — Gold producer Centamin (TSX: CEE; LSE: CEY; US-OTC: CELTF) has been searching for exploration upside in West Africa, and it looks like the company found a fit in Australian junior Ampella Mining (ASX: AMX; US-OTC: APMZF)…