February 16, 2012

Goldgroup expands Caballo Blanco indicated mineral resources by 314%

Goldgroup Mining Inc. (TSX: GGA) ("Goldgroup" or "the Company") is pleased to announce the updated National Instrument 43-101 ("NI 43-101") compliant mineral resource estimate (the "Technical Report") for its flagship…

February 16, 2012

Barrick Gold’s profit growth lower than expected

Barrick Gold Corp. (TSX:ABX), the world’s biggest gold miner, announced that profit slipped in the fourth quarter as the company booked US$153-million in various after-tax charges tied to redundant power…

February 16, 2012

Despite losses, Kinross hikes dividend by a third

Kinross Gold (TSX:K) lost $2.78 billion in the fourth quarter, having been forced to writedown the value of its Tasiast project in Africa.

February 16, 2012

Crane logistics group gets A$100 million Olympic Dam contract

Boom Logistics, Australia's leading provider of crane logistics and related industrial services, has confirmed that following a competitive tender process, it has secured a five year contract to supply crane…

February 16, 2012

Gold, silver heading up: Roger Wiegand

Roger Wiegand, editor of Trader Tracks, says cycles will bring gold and silver higher in the first half of 2012: gold up to $2,050/oz and silver up to $44/oz or…

February 15, 2012

Doug Casey: Is a US-Iran War Inevitable?

US-Iranian saber-rattling or impending shoot-out?

February 15, 2012

Goldcorp achieves record revenues and cash flow; gold reserves increase for eighth consecutive year

Goldcorp reported fourth quarter gold production of 687,900 ounces at a total cash cost of $261 per ounce, leading to record revenues of $1.5 billion and operating cash flows before…

February 15, 2012

High Desert Gold Corporation increases the size of its current financing to $4.7 million

High Desert Gold Corporation (TSX VENTURE:HDG)(OTCQX:HDGCF) ("HDG" or the "Company") is pleased to report that HDG and Haywood Securities Inc. have agreed to increase the size of HDG's previously announced…

February 15, 2012

First Uranium needs to offload 150,000+ oz yearly gold production by June to stay afloat

Rising costs could make any interested buyer baulk at the idea though. Cash costs in South Africa at its Ezulweni mine has rocketed to $2,143/oz and were up 20% at…

February 15, 2012

Lake Shore Gold Confirms Large-Scale Resource for Timmins West Mine

Lake Shore Gold Corp. today announced an updated National Instrument ("NI") 43-101 resource estimate for the Company's Timmins West Mine which is located in Timmins, Ontario. The Timmins West Mine…