August 15, 2011

Northern Ontario: 175 million ounces of gold and counting

At it’s peak, the Klondike gold rush only lasted for a few years – 1896-99 – and produced a miserly 12.5 million ounces of gold. “Chump change” compared to northern…

August 15, 2011

Newcrest declares special dividend

Newcrest Mining Ltd has declared a A$0.20/share (US$0.20/share) special dividend for the financial year to end-June, thereby doubling its annual distribution to shareholders to A$0.50/share, compared with a year earlier.

August 15, 2011

Silver coins from Raj days unearthed in Tripura

More than 20 silver coins of the early 20th century, with images of King Edward VII and George V, were unearthed in northern Tripura Monday, a senior India government official…

August 15, 2011

Beware junior gold miners

Julie Gordon of Gold Matters writes with recession fears weighing on equity markets, resource investors would do well to steer clear of […]

August 15, 2011

US Silver reports record second quarter

US Silver Corporation announced Monday record second quarter revenues of $30.8 million in the quarter, more than double the amount for the same period in 2010 and an increase of…

August 15, 2011

South American Silver files second quarter 2011 financial statements and MD&A and project update

South American Silver Corp. (TSX:SAC)(PINK SHEETS:SOHAF) reports the release of its unaudited interim consolidated financial statements for the three and six months ended June 30, 2011 and the related management's…

August 15, 2011

Platmin faces production delays

[miningmx.com] -- THE riots that took place at platinum junior Platmin on June 23 could delay the projected ramp-up to full production from the Pilanesberg Platinum mine (PPM) by three…

August 15, 2011

Thor Announces Closing of the Acquisition of African Star

Thor Explorations Ltd. (TSX VENTURE:THX) ("Thor" or the "Company") is pleased to announce that it has closed its previously announced transaction (the "Transaction") of all of the issued and outstanding…

August 15, 2011

Yukon-Nevada Gold closes $120 million agreement with Deutsche Bank

Yukon-Nevada Gold announced that it has closed the Forward Gold Purchase Agreement with Deutsche Bank AG. Deutsche Bank has funded a US$120 million prepaid gold forward facility to Queenstake Resources…

August 15, 2011

Gold declines a third day in London on reduced investor demand

Aug. 15 (Bloomberg) -- Gold declined for a third day in London as gains in equity markets tempered concerns that economic growth is slowing and reduced demand for the metal…