Gold Resource Corporation Reports Record First Quarter Results; Increases Precious Metal Gold Equivalent Production by 308% Over Q1 2011 -
"Gold Resource Corporation (GORO) today announced record results for its first quarter ending March 31, 2012, including an increase of 308% production of precious metal gold equivalent and an increase of 281% mine gross profit over the first quarter of 2011. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico." More
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Top News
AngloGold to buy rest of Brazil firm for $220M
"South African-based AngloGold Ashanti Ltd. Tuesday said it has agreed to buy the remaining 50% stake it didn't already own in Brazil's Serra Grande or Crixas gold mining complex for $220 million.
Gold miners around the world are looking further afield to boost their gold reserves as high quality gold deposits become harder to find and demand for the yellow metal remains robust. Concerns about the health of the global economy and the European sovereign debt crisis have prompted central banks to buy gold as safe-haven investment while fast-paced economic growth in emerging markets such as India have boosted demand for the yellow metal." More
Gold Resource Corporation Declares May Monthly Dividend -
"Gold Resource Corporation (GORO) (GORO) declares its instituted monthly dividend of $0.06 per common share for May 2012 payable on June 25, 2012 to shareholders of record as of June 11, 2012. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico." More
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Royal Gold Announces Third Quarter Dividend -
"Royal Gold, Inc. (NASDAQ:RGLD; TSX:RGL), today announced that its Board of Directors has declared its third quarter dividend of US$0.15 per share of common stock. The dividend is payable on July 20, 2012 to shareholders of record at the close of business on July 6, 2012. The quarterly dividend of US$0.15 is also payable to holders of exchangeable shares of RG Exchangeco. This dividend is designated as an “eligible dividend” for Canadian tax purposes." More
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Silvercorp Reports Record Silver Production of 5.6 Million Ounces, Record Revenue of $238.0 Million, Record Net Income of $73.8 Million, & Record Cash Flows -
"In Q4 2012, the Company recorded net income attributable to equity holders of the Company of $9.7 million or $0.06 per share, a decrease of 19% compared to net income of $12.0 million or $0.07 per share, in Q4 2011. The lower net income was mainly due to (i) $1.5 million of forensic audit and legal fees incurred to fight short sellers' attack (excluding this item, EPS would be $0.07 per share), (ii) higher production costs, partially offset by higher sales revenue, and (iii) higher general and administrative costs as the Company has three projects under development compared to only one last year." 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 |
Gold Fields seeks accord with Kyrgyz villagers -
"South African miner Gold Fields hopes an exploration deal in Kyrgyzstan has bought time to find something just as valuable as the copper and gold it seeks: the support of the local population in this volatile corner of Central Asia." More
- June 01 | Item |
Tanzanian Royalty Reports More Higher Gold Grades Zone at Depth 12m at 5.22g/t Au, including high grade and best intercept of 5m @ 7.31g/t Au -
"Tanzanian Royalty Exploration Corporation is pleased to announce that it has received further assays from its ongoing deep drilling program at the Buckreef Gold Project in Tanzania. This hole is part of a program of drilling designed to extend and confirm the mineralisation potential at depth." More
- June 01 | Item |
Northern Dynasty Comments at Public Hearings on the EPA's Draft Bristol Bay Watershed Assessment Report -
"Northern Dynasty Minerals Ltd. ("Northern Dynasty" or the "Company") (TSX: NDM; NYSE Amex: NAK) made a presentation today at the public hearings in Seattle, Washington regarding the draft Bristol Bay Watershed Assessment report released by the U.S. Environmental Protection Agency (EPA) on May 18, 2012." More
- June 01 | Item |
Golden Star Resources Completes Sale of $77.5 Million Convertible Senior Unsecured Debentures -
"Golden Star Resources Ltd. (GSS) (GSS) (GSC.TO) (GHANA:GSR) ("Golden Star" or the "Company") today announced that, further to its May 17, 2012, news release, it has completed the sale of $77,490,000 in principal amount of 5.00% Convertible Senior Unsecured Debentures due June 1, 2017 (the "New Debentures"). All references to "$" in this press release are to United States dollars." More
- June 01 | Item |
Important Permit for Continued Operations on the Kigosi Licenses Has Been Received from the Tanzanian Ministry of Natural Resources -
"Joseph Kahama, Chairman and COO (Tanzania) of Tanzanian Royalty Exploration Corporation said that a contract for continued operations will now be negotiated with the Ministry. Having operated there now for more than nine years the tenets of the contract should mirror previous arrangements. Therefore this exercise should be simple." More
- May 31 | Item |
Attention US Gold Canadian Acquisition Corporation Exchangeable Share Holders: -
"US Gold Canadian Acquisition Corporation (the "Corporation") announced today that all of the outstanding exchangeable shares (UXE.TO) of the Corporation (the "Exchangeable Shares") (other than Exchangeable Shares held by McEwen Mining Inc. and its subsidiaries) were acquired by US Gold Alberta ULC ("Callco") on May 29, 2012. This means if you held a share of US Gold Canadian Acquisition Corp. you will now receive a share of McEwen Mining Inc. (MUX)(MUX.TO). The Corporation has applied to the Toronto Stock Exchange to voluntarily delist the Exchangeable Shares effective as of the close of trading on May 30, 2012." More
- May 29 | Item |
AngloGold to buy rest of Brazil firm for $220M -
"South African-based AngloGold Ashanti Ltd. Tuesday said it has agreed to buy the remaining 50% stake it didn't already own in Brazil's Serra Grande or Crixas gold mining complex for $220 million.
Gold miners around the world are looking further afield to boost their gold reserves as high quality gold deposits become harder to find and demand for the yellow metal remains robust. Concerns about the health of the global economy and the European sovereign debt crisis have prompted central banks to buy gold as safe-haven investment while fast-paced economic growth in emerging markets such as India have boosted demand for the yellow metal." More
- May 29 | Item |
Iamgold `kissed a lot of frogs` to find Trelawney and its big Canadian gold project -
"That Iamgold (TSX:IMG, NYSE: IAG) was in the market for an acquisition was no secret. It has for a year now said it would recycle cash it reaped in selling its Tarkwa and Damang interest in Africa into new gold projects.
But it was always a question of who it would pull the trigger on. Or as Stephen Letwin, Iamgold president and CEO, framed the asset search in a conference call Friday: Iamgold "kissed a lot of frogs, is the expression I have used."
In which case, as the fairy tale goes, Trelawney Mining and Exploration (TSX-V: TRR) is Iamgold's prince. In a press release early Friday Iamgold said it would crack out some half billion dollars to buy Trelawney and its six-million-ounce gold Côté Lake project in Ontario." More
- April 29 | Item |
Revett Announces Results of 2012 AGM and Strengthens Senior Management Team With Two Key Appointments -
"The appointments of both Doug and Paul are significant steps in our ongoing focus on productivity at Troy along with our continued work with the Federal agencies associated with permitting of Rock Creek. Both Doug and Paul are committed and experienced professionals and we welcome them to their new and expanded roles." More
- May 31 | Item |
Golden Minerals Announces Sale of Platosa Royalty for $2.4 Million and Engages Canaccord Genuity for the Sale of the Zacatecas Land Package -
"Our agreement with Excellon is step two in our exploration rationalization program. We previously announced that Golden Tag, our partner at the San Diego property in Durango State, Mexico, would carry the cost of moving that project forward. We will have more to report about our exploration activity as the year progresses and we are pleased with our efforts to date with the objective of establishing Golden Minerals as an internally funded entity." More
- May 31 | Item |
Excellon Agrees to Purchase La Platosa 1% Nsr from Golden Minerals -
"Excellon Resources Inc. (EXN.TO) ("Excellon" or "the Company") Mexico's highest grade silver producer, is pleased to announce that it has agreed with Golden Minerals Company ("Golden") on a transaction to purchase from Golden the 1% Net Smelter Return Royalty ("NSR") on the Platosa Mine for an amount of US $2.4 million." More
- May 31 | Item |
Peru declares emergency over mine protest: reports -
"Media reports say that two people were killed and 50 were injured in protests against the mine, located in the southern area of Cusco. Reuters quoted President Ollanta Humala as saying in a TV address that the protests were not peaceful." More
- May 29 | Item |
Gold Boom Spreading Mercury as 15 Million Miners Exposed -
"In Segovia, almost 100 shops refine the gold that prospectors bring down from the foothills of the Andes Mountains. Juan Camilo Hoyos, 17, had no doubt his work at one of the shops was toxic. Hoyos operated a smelting oven, and after inhaling fumes each workday for about two months, he too lost the fine motor skills in his hands. “I couldn’t draw a straight line,” he says." More
- May 24 | Item |
Tanzania Gold Exports Increased 44% in Year Through February -
"Tanzania, which vies with Mali to be Africa’s third-biggest gold producer, posted a 44 percent increase in earnings from exports of the metal in the year through February, the central bank said.
Revenue from shipments increased $2.3 billion from $1.6 billion in the same period a year earlier, the Dar es Salaam- based bank said in a statement on its website today. Exports of gold and tourism receipts helped increase total exports to $6.8 billion from $6.1 billion, offsetting a decline in agricultural- commodity exports, it said." More
- May 22 | 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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