August 2, 2012

Allied Gold Mining announces claim filed

The company claims, among other things, $24.9 million on account of gold loss and $17.1 million on account of throughput loss arising directly from defective work carried out by GRES.

August 2, 2012

Sukari gold mine resumption of operations

The illegal work stoppage as a result of labour unrest from a small percentage of the Sukari workforce has been successfully resolved with the co-operation of the Egyptian Mineral Resources…

August 2, 2012

Archeologists unearth Celtic artifacts, plus ancient Roman and Greek silver coins on future track of Romanian highway

Several metal archeological objects and over 280 silver coins were discovered by archeologists on the track of the future Sibiu – Nadlac highway in Romania.

August 2, 2012

Kinross dumps CEO

After seeing its share price halved in the past year, the Kinross Gold (TSE:K) board decided to remove Tye Burt and promote Paul Rollinson from Executive Vice-President, Corporate Development to…

August 2, 2012

What happens to Greece’s gold when they exit the Eurozone?

With Germany’s leaders telling us that the exit from the Eurozone by Greece no longer holds terror for them, we understand that they are prepared for such an eventuality.

August 2, 2012

Bison Gold Resources Inc. announces cppointment of chief financial officer

The company has announced the appointment of Mr. Chris Carmichael as chief financial officer of Bison Gold Resources. Mr. Carmichael is a certified general accountant and was the CFO of…

August 2, 2012

Primero gives Q2 results

"Primero achieved its strongest quarter to date. San Dimas delivered record gold and silver production, record profit margins and record operating cash flow for Primero."

August 2, 2012

Golden Band Resources finalizes terms on $20 million term debt facility

The company has announced its final terms on a $20 million term debt facility with Waterton Global Value, L.P.

August 2, 2012

Mundoro issues proxy circular-shareholders urged to vote their gold proxy

"The actions of the petitioner (NMI) in planning to 'hide in the weeds' until the AGM appear to be aimed at preventing all shareholders from having notice and the opportunity…

August 2, 2012

Canaco enters agreement for development of Magambazi

Canaco Resources Inc has entered into a memorandum of understanding with a Chinese gold producer, to create a joint venture to develop Canaco's Magambazi project in Tanzania.