October 31, 2011

Premier Gold announces completion of $33.4 million bought deal public offering of common shares and flow-through common shares

Premier Gold Mines Limited (TSX:PG) ("Premier" or the "Company") is pleased to announce that it has completed a previously announced bought deal public offering of 2,000,000 common shares (the "Common…

October 31, 2011

Medusa Mining reports incident at Co-O gold mine, operations unaffected

Medusa Mining Ltd (LON:MML, ASX:MML) said an investigation is being conducted at its Co-O gold mine in the Philippines following an accident last week which killed a miner in a…

October 31, 2011

Guyana Frontier reports trenching results from Marudi Mountain gold project

VANCOUVER, Oct. 31, 2011 /CNW/ - Guyana Frontier Mining Corp. ("Guyana Frontier") is pleased to announce the initial results of a trenching program at the Marudi Mountain Gold Project (the…

October 30, 2011

Texas gold digger finished building only mine in Saudi Arabia not owned by royals

Arabian American Development Co, announced over the weekend it has completed construction of the gold, silver and copper mine in Saudi-Arabia which it is developing with Saudi's Al-Kobra Mining Company…

October 30, 2011

When hedging hurts: Teranga must deliver 181,855oz at $830, but cash costs are $850-$875

Teranga Gold Corporation is a Canadian-based gold company listed on the Toronto Stock Exchange (TSX:TGZ) and Australian Securities Exchange (ASX:TGZ). For the quarter ended September 30, 2011, the company delivered…

October 30, 2011

Moneyweek on gold the misunderstood asset

Bengt Saelensminde writing in Moneyweek says gold is a misunderstood asset. It’s often portrayed as a safety play – but how can it be? Only recently it fell more than…

October 30, 2011

Green light for Britain’s only goldmine sparks fears for national park

The Guardian reports the approval for Britain's only commercial goldmine despite opposition from environmental groups has sparked fears for the Loch Lomond and the Trossachs National Park national park. The…

October 30, 2011

Mining investment boom exposes hypocrisy in claims of sovereign risk

Writing in the Business Day, Clancy Yeates launches a scathing attack on Australia's mining industry. Comparing Australia to Greece would be patently ridiculous to most people. Sure, things here are…

October 30, 2011

Scientists investigate whether silver could be used as a treatment for cancer

PhysOrg reports Yorkshire Cancer Research has awarded scientists at the University of Bradford and the University of Leeds over £44,000 to carry out research into whether silver could be used…

October 29, 2011

Klondike Silver now owns 23,000ha at Sandon where $35 billion lead and silver were mined in 1890s

Klondike Silver has been acquiring over 80% of the Sandon, BC silver camp over the past 20 years and its land position is now at 23,000Ha. Historical output from Sandon…