Great Basin Raises $130M For Burnside Gold Project
Great Basin Gold (GBG-T, GBG-X) is determined to get its Burnside gold project in South Africa up and running by July 2010 and has completed an equity financing to do it.
Africa
Semafo Posts Record Financial, Operational Results
It may have been a year many companies would prefer to forget, but 2008 was one of the best years in Semafo’s (SMF-T, SEMFF-O) history.
Axmin Sees Potential Gold Mine In Sierra Leone
VANCOUVER — A scoping study on Axmin’s (AXM-V, AXMIF-O) Komahun joint-venture gold project in Sierra Leone, about 250 km east of Freetown, has indicated it would be economic to develop.
Equinox into production in Zambia
Vancouver – After several years of hard work, Equinox Minerals (EQN-T) is into production at its massive Lumwana …
Centamin gets big boost in reserves
Centamin Egypt (CEE-T, CNT-A, CEY-L) has taken in some bullish news as it drives towards production at its Sukari G…
Guinea’s Erratic Politics Unsettle Miners
Guinea’s new military chief is keeping mining companies in the West African nation on pins and needles after yet another televised threat against a foreign mining firm there.
Moto raising US$50M
Vancouver – Moto Goldmine’s (MGL-T) share-price spent the better part of 2008 in a steep dive, sinking as low as 80…
IBI Corp. is banking on uranium in Uganda
Less than 8% of Uganda’s 30 million population has access to electricity and power shortages have severely curtaile…
Caledonia to resume mining operations in Zimbabwe
Caledonia Mining (CAL-T, CALVF-o, CMCL-l) suspended gold production in Zimbabwe in October 2008 because it was neve…
Tough times for High River Gold Mines
It was a rough opening to the week for High River Gold Mines (HRG-T).
More gold at Chirano and Tasiast for Red Back
Vancouver – Red Back Mining (RBI-T, RBIFF-O) has boosted resources and reserves at both its operating open pit go…
Mayhem In Madagascar
Madagascar is in a state of upheaval, and while foreign miners with operations there deny being affected, no one knows how it will play out in the end.