July 6, 2012

Avala Resources announces initial resource estimate for Bigar Hill, part of the Timok gold project, Serbia

The Bigar Hill mineral resource has been estimated at 38,000,000 tonnes grading an average of 1.3 g/t gold in the inferred resource category for 1,500,000 ounces of gold, using a…

July 6, 2012

Aldridge Minerals to exit Papua New Guinea

The company announced today that it plans to exit Papua New Guinea following receipt of a formal notice that the licence renewal for its non-core Kili Teke property was denied.

July 6, 2012

The next time silver crosses $30 will be the last time

It has been an interesting week on the economic stimulus front with what looks like a co-ordinated effort by the major powers to ignite their respective economies.

July 6, 2012

Lupaka Gold and Andean American announce business combination to create a Peru focused gold exploration company

The two companies have signed a binding letter of intent to create a new Peru-focused gold exploration company. Under the terms Andean American shareholders will receive 0.245 shares of Lupaka…

July 6, 2012

Rio Alto produces 58,081 ounces of gold in Q2 2012

Production of Rio Alto's La Arena gold mine reached 58,081 ounces of gold in Q2 2012.

July 6, 2012

Gowest announces second closing of private placement

The placement which grossed proceeds of $235,000, selling 2.35 million units at $0.10 per unit, will be used to develop the company's Frankfield East gold deposit in Ontario.

July 5, 2012

What happened to the plane filled with 16,600 pounds of Barrick’s gold condensate?

The Globe and Mail looks at the mystery of a plane chartered by Barrick Gold that crashed into the Iskut River in 1996. The pilot perished and 16,600 pounds of…

July 5, 2012

The return of the gold standard

In my latest book, The Real Crash: America's Coming Bankruptcy - How to Save Yourself and Your Country, I devote a full chapter to the merits of the historical gold…

July 5, 2012

Osisko produces 92,003 ounces Au in second quarter

Osisko Mining Corporation reported that its second quarter gold production totaled a record 92,003 ounces from its flagship Canadian Malartic Mine. Year to date, Canadian Malartic has produced a total…

July 5, 2012

Anglo Pacific Group plc, second largest shareholder of Maudore, announces support for concerned shareholders

After reviewing the proxy materials for both management and the concerned shareholders, Anglo Pacific, a significant shareholder of Maudore, is voting for the concerned shareholders.