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 Corporation Provides Preliminary 2011 Record Annual Production Results and 2012 Outlook
"Gold Resource Corporation (NYSE Amex: GORO) announced preliminary 2011 fourth quarter and record year end production totals. The Company set its 2012 Outlook and continues to target an aggressive low-cost growth profile. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico.
Gold Resource Corporation produced approximately 66,125 ounces precious metal gold equivalent (AuEq) for 2011, of which approximately 19,900 ounces AuEq were produced in the fourth quarter. Annual production totals were in-line with the Company's 2011 Outlook of 60,000 to 70,000 ounces AuEq. Full financial results for the fourth quarter and fiscal year end 2011 will be available in the Company's annual report on Form 10-K to be filed with the Securities and Exchange Commission by February 29, 2012." More
Timberline Announces First Quarter 2012 Financial Results -
"Timberline Resources Corporation (TSX-V: TBR.V - News)(AMEX: TLR - News) ("Timberline" or the "Company") today announced consolidated financial results for its first fiscal quarter ended December 31, 2011." More
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Royal Gold Reports Record Revenue and Net Income for Second Quarter Fiscal 2012 -
"ROYAL GOLD, INC. (NASDAQ:RGLD - News) (TSX:RGL.TO - News) today announced record net income attributable to Royal Gold stockholders of $23.4 million, or $0.42 per basic share, on record royalty revenue of $68.8 million for the second quarter of fiscal 2012. This compares to net income attributable to Royal Gold stockholders for the second quarter of fiscal 2011 of $18.3 million, or $0.33 per basic share, on royalty revenue of $56.3 million." More
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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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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 |
Freeport-McMoRan Copper & Gold Inc. Announces Redemption of its 8.375% Senior Notes due 2017 -
"Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX - News) announced today that it has issued a notice to redeem all of its outstanding 8.375% Senior Notes due 2017 (“Notes”) on March 14, 2012. Approximately $3.0 billion aggregate principal amount of Notes is currently outstanding. FCX plans to use proceeds from its $3.0 billion senior notes offering completed earlier today, plus cash on hand to fund the redemption of the Notes. Annual interest cost savings associated with the refinancing will total approximately $160 million." More
- February 13 | Item |
Freeport-McMoRan Copper & Gold Inc. Completes Sale of $3.0 Billion of Senior Notes -
"Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX - News) announced today that it has completed the sale of $3.0 billion of senior notes. The offering generated net proceeds of approximately $2.97 billion, which FCX expects to use plus cash on hand to redeem its outstanding 8.375% Senior Notes due 2017. Annual interest cost savings associated with the refinancing will total approximately $160 million." More
- February 13 | Item |
Claude Intercepts 35.00 g/t over 9.78 metres at Santoy GAP, Seabee Project -
"Claude Resources Inc. (TSX: CRJ.TO - News) (NYSE Amex: CGR) ("Claude" and or the "Company") today provided a summary of results from its 2011 drill program at Santoy Gap within the Company's 100 percent-owned, 14,400 hectare Seabee Gold Project. Newly released drill results have confirmed grade continuity and intercepted economic mineralization at depths in excess of 500 metres as well as in step-out holes along strike to the north and south. The system remains open in all directions and is located just 300 metres from the existing Santoy 8 resource. SRK Consulting Inc. will integrate current and historic drilling to prepare a National Instrument 43-101 compliant gold resource for the Santoy Gap deposit during the first quarter of 2012." More
- February 13 | Item |
McEwen Mining Announces Attractive Intercepts at the San José Mine in Argentina -
"McEwen Mining Inc. (TSX: MUX - News) (NYSE: MUX - News) is pleased to announce high-grade and exceptionally wide drilling intercepts on the Pilar vein at its 49% owned San Jose mine in Santa Cruz province, Argentina. The Pilar vein, which has been defined by recent surface and underground drilling and drifting, is located in the vicinity of the Micaela-Sofia vein cluster that was discovered in the latter part of 2010." More
- February 13 | Item |
Claude Resources Inc. Forecasts 50,500 Ounces in 2012 -
"Claude Resources Inc. ("Claude" and or the "Company") today reported that it expects to produce approximately 50,500 ounces of gold from its 100 percent owned Seabee Gold Operation during 2012. In 2011, the Company produced approximately 11,270 ounces of gold in the fourth quarter for a total of 44,760 ounces of gold during the year, representing a decrease of five percent year over year." More
- February 10 | Item |
Eurasian Minerals and Bullion Monarch Mining Enter Into Merger Agreement -
"Eurasian Minerals Inc. (TSX VENTURE:EMX.V - News)(NYSE Amex:EMXX - News) ("EMX") and Bullion Monarch Mining, Inc. (OTCQB:BULM.OB - News)(FRANKFURT:BMJ.F - News) ("BULM") are pleased to announce that they have entered into a definitive agreement (the "Agreement") with respect to a proposed merger of BULM with a wholly-owned subsidiary of EMX (the "Transaction"). EMX has agreed to acquire all of the outstanding common shares of BULM for which BULM shareholders will receive 0.45 of an EMX common share and US$0.11 in cash for each BULM share held. The Transaction is expected to close in the second quarter of 2012 and the BULM shares will cease trading thereafter." More
- February 08 | Item |
Eldorado Gold Corporation and European Goldfields Limited Announce Recommendation By Leading Corporate Governance Firms That Shareholders Vote for the Merger -
"Institutional Shareholder Services ("ISS") and Glass Lewis & Co., LLC ("GL") have recommended that shareholders vote FOR the merger of Eldorado Gold Corporation ("Eldorado") (TSX: ELD.TO - News)(NYSE: EGO - News)(ASX: EAU.AX - News) and European Goldfields Limited ("European Goldfields") (TSX: EGU.TO - News)(AIM: EGU.TO - News) to be considered at their respective special meetings on February 21, 2012." More
- February 08 | Item |
Claude Resources Inc. completes acquisition of St. Eugene Mining Corporation Limited -
"Claude Resources Inc. (TSX: CRJ.TO - News) (NYSE Amex: CGR) ("Claude") is pleased to announce the closing of the previously announced transaction whereby Claude has acquired all of the outstanding shares of St. Eugene Mining Corporation Limited (TSXV: SEM.V - News) ("St. Eugene") (that Claude does not already own). The transaction was accomplished pursuant to the terms of a court approved plan of arrangement completed under the Business Corporations Act (British Columbia) (the "Arrangement"). Under the Arrangement, Claude acquired all of the outstanding common shares of St. Eugene in exchange for the issuance of approximately 9.6 million common shares of Claude ("Claude Shares")." More
- February 02 | Item |
Silvercorp Reports 4.34 Metre Interception (True Width) of 642 Gram Per Tonne of Silver and 1.0 Gram Per Tonne Gold for Vein LM5W at the LM Mine -
"Silvercorp Metals Inc. (TSX: SVM.TO - News)(NYSE: SVM.TO - News) ("Silvercorp") is pleased to report the results of its successful 2011 underground diamond drilling program at the LM Mine, Ying Mining District, Henan, China. The drill program has substantially extended the mineralized veins to depth and along striking directions. The 2011 drilling program at the LM mine was a follow up on the successful 12,255 meters (m) 2010 drilling campaign that discovered twelve additional high-grade veins as reported in the Company's Press Release of January 10, 2011, which contributed to the increase in resource announced on July 7, 2011. It is expected that the success of the 2011 drilling program may contribute additional mineral resources." More
- February 13 | Item |
Excellon Provides Production, Exploration and Corporate Update -
"Excellon Resources Inc. (TSX:EXN.TO - News) ("Excellon" or "the Company"), Mexico's highest grade silver producer, is pleased to report January production results from its La Platosa silver, lead and zinc mining operations in Durango Mexico. The Company is also pleased to announce updates on Operations, Mexican and Canadian exploration and to provide a general corporate update." More
- February 10 | Item |
Silvercorp Announces Third Quarter Dividend of CAD$0.025 -
"Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM.TO - News)(NYSE: SVM.TO - News) today announced that its Board of Directors has declared its third quarter fiscal 2012 dividend of CAD$0.025 per share to be paid on or before April 21, 2012 to shareholders of record at the close of business on March 31, 2012. Today's declared quarterly dividend is the second Silvercorp has announced since increasing its dividend by 25% from the previously paid CAD$0.02. The dividends are considered eligible dividends for Canadian tax purposes." More
- February 09 | Item |
Zambia says may bring back mine windfall tax -
"Africa's top copper producer Zambia may bring back a mining windfall tax if copper prices hit $10,000 per tonne, the Zambian high commission in South Africa said on Thursday, quoting the minister of mines.
Copper steadied on Thursday, holding near the year's high, as hopes Greece would reach a bailout deal boosted the euro, offsetting data showing a rise in inflation in top consumer China." More
- February 09 | Item |
Responsible gold mining within reach -
"While the United States, Australia, South Africa, and China are among the top gold-producing countries in the world, there is a scrum of developing world countries increasing their prospecting and offering the chance for a better and cleaner enterprise.
Peru, Indonesia, and Ghana are among a host of countries that are mining more. Accelerated production rates, following on the spike in gold prices since the 2008 economic downturn, have provided the incentive. At the same time, concerns about environmental and human rights consequences have heightened." More
- January 27 | Item |
South Africa’s Gross Reserves Decline as Gold Price Drops, Dollar Advances -
"South African gold and foreign- currency reserves dropped in December as the price of bullion declined and the dollar gained, reducing the value of holdings in other currencies.
Gross reserves (SANOGR$) 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 |
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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