Gold Resource Corporation Increases and Institutes Monthly Dividend Policy -
"Gold Resource Corporation (AMEX: GORO - News) is pleased to announce it has increased its monthly dividend declared for August to $0.05 per common share payable on September 23, 2011 to shareholders of record as of September 12, 2011. The Company has now instituted a regular monthly dividend policy to replace its special dividend policy. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico." More
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Top News
Gold Resource Corp. Increases Q3 Production by 87% - Approx. 25,200 Gold eq
Gold Resource Corporation (NYSE Amex: GORO) confirms its record production forecast for the third quarter ended September 30, 2011 with preliminary production results of approximately 25,200 ounces precious metal gold equivalent (AuEq), which is the highest number of quarterly ounces produced to date and is approximately an 87% increase from the previous quarter. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $28 million to shareholders in monthly dividends since declaring commercial production July 1, 2010. More
Golden Star Reports Preliminary Fourth Quarter Operational Results -
"Golden Star Resources Ltd. (AMEX: GSS - News) (TSX: GSC.TO - News) (GHANA: GSR) ("Golden Star" or the "Company") today announced preliminary fourth quarter production results for its Bogoso/Prestea and Wassa/HBB operations.
Production for the fourth quarter of 2011 was 70,738 ounces of gold compared with the guidance of 80,000 ounces. As mentioned in the November conference call, Bogoso/Prestea operations were impacted by the necessity of having to temporarily shut down the sulfide plant and clean out the BIOX® section's blower manifolds in October. Our efforts to catch up to guidance later in the quarter were affected at both mines by intermittent grid power outages and at Bogoso/Prestea by the low mechanical availability of the BIOX® section due to failures of agitators and gearboxes. Wassa was impacted throughout the fourth quarter by wet oxide ores from the high grade Hwini-Butre pits, which caused continuous blockages in the crusher section of the processing plant." More
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International Minerals Reports $15.2 Million in After-Tax Net Income for First Fiscal Quarter Ending September 30, 2011; Update on Inmaculada Project, Peru -
"International Minerals Corporation (TSX: IMZ.TO - News) (SIX: IMZ.TO - News) (the "Company") reports excellent financial results for its first fiscal quarter ended September 30, 2011, highlighted by $15.2 million in consolidated net and comprehensive income after tax, including net equity earnings of $14.9 million from the Company's 40% interest in the Pallancata Mine in Peru." More
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Pacific Rim Mining Announces Fiscal 2012 Second Quarter Results -
"Pacific Rim is an environmentally and socially responsible exploration company whose business plans and management talent focus on high grade, environmentally clean gold deposits in the Americas. Pacific Rim's most advanced asset is the vein-hosted El Dorado gold project in El Salvador, where the Company also owns several grassroots gold projects. The Company recently acquired a joint venture option on the Hog Ranch epithermal gold project in Nevada and is actively pursuing additional exploration opportunities elsewhere in the Americas." More
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Harmony Gold Rises Most in 2 Years in Johannesburg on Takeover Speculation -
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- March 24 | Item |
Silver Standard shares rise after analyst raises rating -
"Shares of Silver Standard Resources (SSO.TO) rose more than 6 percent on Wednesday, after an analyst upgraded his rating on the silver producer to "outperform" on its strong development projects." More
- January 19 | Item |
Goldcorp - Upgrades & Downgrades -
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- August 02 | Item |
Tanzanian Royalty Chairman, Joseph K. Kahama, Chosen to Lead Prestigious Industry Association -
"The Company is pleased to announce that its Chairman and COO (Tanzania), Joseph K. Kahama, has been elected to Chair the Tanzania Chamber of Minerals & Energy whose mandate is to represent the interests of private participants in the Tanzanian minerals sector." More
- January 27 | Item |
Ivanhoe Mines Expects to Maintain a Majority of Independent Directors on the Ivanhoe Board -
"Ivanhoe Mines (TSX: IVN.TO - News)(NYSE: IVN.TO - News)(NASDAQ: IVN.TO - News) Deputy Chairman Peter Meredith said today he expected the company's 14-member Board of Directors will continue to maintain a majority of independent directors, in accordance with the December 8, 2010, Heads of Agreement signed by Ivanhoe Mines and Rio Tinto." More
- January 27 | Item |
Freeport replaces CEO at Indonesian unit after strike -
"Freeport-McMoRan Copper & Gold's will appoint a new chief executive at its Indonesian unit, the Arizona-based miner said on Friday, as it looks to turn the page after it made an agreement last month to end a crippling three-month strike.
Rozik Soetjipto will replace outgoing CEO Armando Mahler, who will become a senior advisor. The move is being made to "strengthen relationships with stakeholders," Freeport said in a statement." More
- January 27 | Item |
Seabridge Gold Contributes $100,000 towards Aboriginal Essential Skills Upgrading in Northwestern British Columbia -
"Seabridge Gold Inc. (TSX: SEA.TO - News) (NYSE Amex: SA) is proud to announce its contribution of $100,000 to the British Columbia Aboriginal Mine Training Association (BC AMTA). This contribution will help fund the delivery of an essential skills upgrading program in three Aboriginal communities in northwestern BC. Seabridge presented the cheque to BC AMTA at a reception held at the 2012 Mineral Exploration Roundup conference in Vancouver, BC." More
- January 26 | Item |
International Tower Hill Mines Selects Engineering Firms for Feasibility Study at the Livengood Gold Project -
"International Tower Hill Mines Ltd. ("ITH" or the "Company") - (TSX: ITH.TO - News)(AMEX: THM - News)(Frankfurt: IW9) has selected Samuel Engineering, Inc. of Greenwood Village, Colorado, to provide process engineering services for its feasibility study on the Livengood Gold Project located near Fairbanks, Alaska. The Company has also engaged AMEC Environment & Infrastructure, Inc. of Denver, Colorado, to provide geotechnical infrastructure engineering services for the feasibility study. Feasibility level work will commence in the upcoming month. Publication of the Company's Livengood Prefeasibility Study remains on schedule to be completed by the summer of 2012." More
- January 26 | Item |
Russian Gold Billionaires Said to Consider Merging Polyus With Polymetal -
"The billionaire owners of Polyus Gold International Ltd. and Polymetal International Plc (POLY) are considering merging the Russian gold miners as Polyus seeks a primary listing in London, two people with knowledge of the matter said.
Any deal may be about $6.9 billion, based on the current value of Polymetal on the London Stock Exchange. Polyus has a market value of about $10 billion. The talks have been between the owners of the companies and not management, the people said, declining to be identified until a decision on whether to pursue the negotiations on combination is made." More
- January 26 | Item |
McEwen Mining: US Gold and Minera Andes Business Combination Completed -
"McEwen Mining Inc. ("McEwen Mining") is pleased to announce that the previously announced business combination (the "Combination"), pursuant to which US Gold Corporation acquired Minera Andes Inc. and was renamed McEwen Mining, has been successfully completed and closed today. The Combination was carried out by way of a plan of arrangement under the Business Corporations Act (Alberta), which was approved by the shareholders of both US Gold and Minera Andes on January 19, 2012 and the Court of Queen's Bench of Alberta on January 20, 2012." More
- January 25 | Item |
Agnico-Eagle completes compulsory acquisition of remaining Grayd shares -
"Agnico-Eagle Mines Limited ("Agnico-Eagle") announced today that it has acquired the remaining 5,032,139 common shares (the "Shares") of Grayd Resource Corporation ("Grayd") not already owned by Agnico-Eagle, representing approximately 5.23% of the outstanding Shares on a fully-diluted basis, pursuant to a previously announced compulsory acquisition carried out under the provisions of the Business Corporations Act (British Columbia) (the "Compulsory Acquisition"). Following completion of the Compulsory Acquisition, Agnico-Eagle now owns 96,261,039 Shares, representing 100% of the outstanding Shares on a fully-diluted basis." More
- January 24 | Item |
Scorpio Mining Reports Record 2011 Production Results and 2012 Guidance for Nuestra Señora -
Scorpio Mining Corporation (TSX: SPM.TO - News) ("Scorpio Mining" or the "Corporation") is pleased to report that the 2011 production results for the Nuestra Señora mine in Mexico confirm a second successive year of silver production growth for the Corporation. Production of all key metals increased substantially over 2010, as mine metal output, plant throughput and recoveries improved.
Parviz Farsangi, President and CEO comments, "I wish to thank the board, the management team and staff for their contributions to Scorpio mining's success over the past two years. 2011 was another record production year for Scorpio Mining, resulting from a number of key improvements to both mining and plant operations. This strong performance allowed Scorpio Mining to reach a debt-free status in the second quarter. We continue to focus our efforts on our strategic projects: La Verde, San Rafael and El Cajón; and on increasing the mineral reserves at our current operating mine. These resources are integral to our next step up in production, which will come with the expansion of our existing plant, and to our decision on an additional plant in future. Also, to take advantage of our significant exploration potential, we have increased our budget accordingly to approximately $9.3 million for 2012." More
- January 27 | Item |
Kimber Intercepts 7 Metres of 18.3 g/t Gold and 374.3 g/t Silver in New Structure Discovered at Monterde -
Kimber Resources Inc. (TSX: KBR.TO - News)(AMEX: KBX - News) is pleased to announce ongoing drill results from an additional 14 drill holes at its Monterde gold/silver project in Mexico, including eight holes drilled at Carmen and six holes drilled at Veta Minitas. Of particular interest is drill hole MTC-142A, which intersected a new structure containing 7 metres of 18.3 g/t gold and 374.3 g/t silver. This wide and high-grade gold-silver intersection is located northeast of other known structures in the Carmen deposit and is believed to be a parallel or semi-parallel structure to the current structures that make up the Carmen deposit. The new structure has been named "Cocos" and is geologically different from the other structures at Carmen being characterized by bright white quartz and quartz breccia, not the silicification seen in other gold-silver mineralized structures at Carmen. In addition, from the review of Cocos core samples, the base metal sulphides occur as thin veinlets and are finer grained than the sulphides encountered in the Carmen structure in hole MTRD-476 (which intersected 4.9 metres of 78.4 g/t gold and 127.9 g/t silver, as announced May 31, 2011). Also significant is hole MTRD-512 which intersected 8.6 g/t gold and 326.2 g/t silver over 5m in the footwall of the Cob structure. More
- January 26 | Item |
Silvercorp Reports Intercept of 7.39 Meters Grading 678 Grams Per Tonne Silver and 7.90 Percent Lead Among Results From Successful 2011 Underground Drilling -
Silvercorp Metals Inc. ("Silvercorp" or "the Company") (TSX: SVM.TO - News)(NYSE: SVM.TO - News) is pleased to report the results of its successful 2011 underground diamond drilling program at the southwest corner (also called LM Mine West) of the TLP Mining Permit area, Ying Mining District, Henan, China. The drill program discovered four new high grade silver-lead veins, increasing the total number of mineralized veins at the LM Mine West to 31. The program also extended the previously known veins further to the down dip and striking directions. It is expected that the success of the 2011 drilling program will result in additional mineral resources being defined in the Resource and Reserve technical updates currently underway (see press release of December 29, 2011 - Silvercorp To Commence Work On Resource And Reserve Updates). More
- January 26 | Item |
Responsible gold mining within reach -
"While the United States, Australia, South Africa, and China are among the top gold-producing countries in the world, there is a scrum of developing world countries increasing their prospecting and offering the chance for a better and cleaner enterprise.
Peru, Indonesia, and Ghana are among a host of countries that are mining more. Accelerated production rates, following on the spike in gold prices since the 2008 economic downturn, have provided the incentive. At the same time, concerns about environmental and human rights consequences have heightened." More
- January 27 | Item |
South Africa’s Gross Reserves Decline as Gold Price Drops, Dollar Advances -
"South African gold and foreign- currency reserves dropped in December as the price of bullion declined and the dollar gained, reducing the value of holdings in other currencies.
Gross reserves (SANOGR$) decreased to $48.86 billion from $49.65 billion in November, the Pretoria-based Reserve Bank said on its website today. The median estimate in a Bloomberg survey of five economists was for reserves to fall to $48.82 billion. Net (SANOFP$) reserves slipped to $47.87 billion from $48.63 billion in November." More
- January 09 | Item |
Colombia gold mining accident kills three workers -
"At least three gold miners in Colombia were killed after an accident inside an unlicensed mine on Monday afternoon, according to a statement from the government's Ingeominas mining oversight institute.
The accident occurred at the Cien Puertas mine in the municipality of Puerto Berrio in north-central Colombia, Ingeominas said.
The agency said that while investigations continue into the exact causes of the accident, it appears the miners didn't have enough oxygen to breathe while inside the mine. "We reiterate to the mining community that extreme safety measures must be in place in terms of adequate ventilation," Ingeominas said in the statement." More
- January 03 | Item |
Mining/Metals News Archive -
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- December 15 | Item |
Gunpowder Gold Corp. Announces the Appointment of Michael Nott as President -
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- December 14 | Item |
Argonaut Gold Announces New Chief Operating Officer -
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- December 14 | Item |
Victoria & First Nation of NaCho Nyak Dun Sign Letter of Intent and Victoria Stakes 290 km2 of Virgin Land Adjacent to Dublin Gulch, Yukon -
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- December 14 | Item |
Gentor Stock Option Grant -
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- December 14 | Item |
Atacama Corporate Update -
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- December 14 | Item |
Black Iron Files Favourable Preliminary Economic Assessment Technical Report -
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- December 14 | Item |
Crocodile Gold Appoints Special Committee of the Board and Financial Advisors in Relation to the Luxor Bid -
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- December 14 | Item |
Goldeye Explorations Limited Announces Flow-Through Financing and Non-Flow-Through Financing -
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- December 14 | Item |
AVX is Industry’s First to Guarantee Conflict-Free Tantalum Capacitors -
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- December 14 | Item |
Avrupa Extends Warrant Expiry Date -
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- December 14 | Item |
Commerce Resources Corp. Intersects 176.43 metres of Middle and Heavy Rare Earth Element Enrichment from Surface at the Ashram Deposit, Northern Quebec -
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- December 14 | Item |
Victory Ventures Signs LOI to Option Copau Claims, BC -
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- December 14 | Item |
Granite Creek Reports on Its Annual General Meeting -
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- December 14 | Item |
Excalibur Announces Gold and Silver Assays From Cariboo Property -
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- December 14 | Item |
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