Tanzanian Royalty Awards Contract for Preliminary Economic Assessment of Surface Rubble Deposit at Kigosi Gold Project "Tanzanian Royalty Exploration Corporation is pleased to announce that it has entered into a contractual agreement with Consulmet Metals (Pty) Limited of South Africa to complete a Preliminary Economic Assessment (PEA) for a gravity recovery plant on its Kigosi Gold Project in the Lake Victoria Goldfields of Tanzania." More | February 03
AuRico Gold Launches Initial Monthly Update on Young-Davidson "AuRico Gold Inc. (TSX: AUQ.TO - News) (NYSE: AUQ.TO - News), ("AuRico", "AuRico Gold" or "the Company) is pleased to provide the first monthly status update on the exciting Young-Davidson mine located in the prolific Abitibi gold belt in Northern Ontario. The Company remains on schedule to achieve the first gold pour by the end of the first quarter of 2012." More | February 03
Polyus Gold Jumps Most Since 2008 in Moscow on Buyout Wagers "OAO Polyus Gold (PLZL) surged the most in more than three years as investors bet its London-listed parent will make a buyout offer.
Polyus jumped 27 percent today in Moscow to 1,299 rubles as of 1:19 p.m., the strongest advance since October 2008. The Russian company continues to trade in Moscow after 95 percent of its shareholders swapped stock for shares in Polyus Gold International Ltd. (PLGL) last year." More | February 03
Golden Star Resources and Riverstone Finalize Goulagou-Rounga Option Exercise "Golden Star Resources Ltd. (AMEX: GSS - News) (TSX: GSC.TO - News) (GHANA: GSR) ("Golden Star" or the "Company") has finalized the option exercise (the "Transaction") pursuant to which Riverstone Resources Inc. ("Riverstone") became the sole shareholder of Golden Star Exploration - Burkina S.A. ("Golden Star Burkina"), which holds an indirect 90% interest in the Goulagou, Rounga, Tougou and Youba permits located in Burkina Faso, West Africa, in consideration for the payment to Golden Star of US$6.6 million and an aggregate of 21,676,301 common shares of Riverstone (the "Common Shares")." More | February 02
Randgold - Kibali Project in the Starting Blocks "Preparatory work has been completed at the Kibali gold project in the Democratic Republic of Congo, where first gold production is scheduled for the end of 2013. Randgold Resources, the project manager and operator, and AngloGold Ashanti each has a 45% stake in Kibali with the DRC parastatal Sokimo owning the balance." More | February 02
NovaGold Announces Bought Deal Increased to US$332.5 Million "NovaGold Resources Inc. (TSX: NG.TO - News)(AMEX: NG.TO - News)("NovaGold" or the "Company") today announced that, in response to strong investor demand, it has entered into an agreement to increase the size of its previously announced bought deal equity offering of approximately US$250.8 million (26,400,000 Common Shares) to approximately US$332.5 million (35,000,000 Common Shares) at a price of US$9.50 per share. The offering is being led by RBC Capital Markets and J.P. Morgan Securities LLC." More | February 02
New Gold Announces Record Gold Production in 2011, 25% Increase in Gold Resources per Share and 2012 Guidance with Production Growth at Lower Costs "New Gold Inc. ("New Gold") (TSX and NYSE AMEX:NGD) today announces fourth quarter 2011 gold production of 100,671 ounces which resulted in record annual production of 387,155 ounces during 2011. The company, once again, met its gold production guidance range of 380,000 to 400,000 ounces during the year. Quarterly and annual total cash cost(1) per ounce sold, net of by-product sales, were $561 and $448 per ounce, respectively. New Gold is also pleased to provide guidance for 2012 with the targeted start of the New Afton Mine in June set to increase gold production further to 405,000 to 445,000 ounces. Total cash cost(1) per ounce sold, net of by-product sales, is forecast to be $410 to $430 per ounce in 2012. The preliminary production, sales and total cash cost(1) information provided are approximate figures and may differ slightly from the final results included in the 2011 annual audited financial statements and MD&A." More | February 02
Great Basin's Burnstone gold mine removing obstacles to productivity growth "Since Burnstone mine's commissioning in February last year it has failed to meet the expectations of management and the investor community alike continually underperforming against budget in its ramp up.
The two main reasons given by the management team for the lower production centre around a fault discovered in the B2 block in July last year along with the slower than anticipated set up of underground infrastructure." More | February 02
Infill Drilling at 147 Zone Returns Excellent Gold Assays "Brigus Gold Corp. (Brigus or the Company) (NYSE Amex: BRD; TSX: BRD) is pleased to announce that exploration drilling on the southern portion of the Black Fox Complex continues to return high-grade gold assays from the 147 Zone." More | February 02
Richmont Mines Inc. Completes CAN$ 10 M Private Placement with Mr. Bob Buchan "Richmont Mines Inc. (TSX: RIC.TO - News)(AMEX: RIC.TO - News), ("Richmont" or the "Corporation") is pleased to announce that following Mr. Bob Buchan's appointment to its Board of Directors (press release of January 11, 2012 - "Gold Industry veteran Bob Buchan joins the Board of Directors of Richmont Mines as Vice-Chairman"), the previously announced CAN$10 million private placement with Mr. Buchan and two members of his immediate family (collectively, the "Investors") in the form of convertible debentures was completed today." More | February 01
The content on this site is protected by U.S. and international
copyright laws and is the property of GoldReview.com and/or the
providers of the content under license. By "content" we
mean any information, mode of expression, or other materials and
services found on GoldReview.com. This includes editorials, news,
our writings, graphics, and any and all other features found on
the site. Please contact us for any further information
Disclaimer
The views contained here may not represent the views of GoldReview.com,
its affiliates or advertisers. GoldReview.com makes no representation,
warranty or guarantee as to the accuracy or completeness of the
information (including news, editorials, prices, statistics, analyses
and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or
materials contained on or within this website, without the express
written consent of GoldReview.com, is strictly prohibited. In no
event shall GoldReview.com or its affiliates be liable to any person
for any decision made or action taken in reliance upon the information
provided herein.
Gold Company News
Saturday, March 25th: Bob Chapman, International Forecaster 
