Canaco finds new gold zone at Handeni
Canaco Resources (CAN-V) has found a new gold zone at its Handeni gold project in Tanzania.The new zone, Mag…
Africa
Iamgold Boosts Stake In Sadiola Mine
Iamgold (IMG-T, IAG-N) has bought an additional 3% of the Sadiola gold mine in Mali from the World Bank’s International Finance Corp., bringing its total interest in the mine to 41% — or representing…
B2Gold’s Orosi Mine In Nicaragua Starts Production
Vancouver-based gold producer B2Gold( BTO-T) has poured the first dor bar from its Orosi open-pit mine in Nicaragua and expects the mine will produce between 80,000 and 90,000 oz. of gold a year.
Hard Times For Axmin
Axmin (AXM-V, AXMIF-O) has had to survive a bevy of bad news over the last year, the most recent being that yet another suitor has withdrawn an offer for the company.
GC4C To Raise Funds For Kenyan Students
Vancouver — A charitable society formed by professional women primarily from Vancouver’s mining and exploration community is joining forces with a not-for-profit organization founded by a group of re…
Volta Shares Rise On Kiaka Drilling In Burkina Faso
The first drill results from Volta Resources’ (VTR-T) newly acquired Kiaka gold project in Burkino Faso have left management feeling like they made the right choice to move forward so aggressively on …
IFC sees promise in Volta’s Kiaka
The International Finance Corporation (IFC) is planning to invest up to $8 million in Volta Resources (VTR-T),…
UN Sanctions Against Eritrea To Impede Miners?
Sunridge Gold (SGC-V) says new United Nations Security Council sanctions against Eritrea won’t interfere with its ambitious drilling and exploration plans there in 2010.
IFC To Buy Helios Stake
VANCOUVER — International Finance Corp. (IFC), the private-sector investment arm of the World Bank, plans to take a 15% stake in Tanzania-focused Helio Resource (HRC-V), making it the junior’s second…
Axmin continues to fall on hard times
Toronto-based Axmin (AXM-V, AXMIF-O), with its key assets in the Central African Republic (CAR), has had…
Orezone gets $10 million for exploration
Orezone Gold (ORE-T) is raising $10 million in a bought-deal financing to fund exploration and development w…
No Toro for Axmin
After believing it had found a suitor, Axmin (AXM-T, AXMIF-O) must go back to the drawing board.