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

Emgold doubles size of its Koegel Rawhide gold-silver property, Nevada

Emgold Mining Corporation (TSX VENTURE:EMR)(OTCBB:EGMCF)(FRANKFURT:EML) (the "Company" or "Emgold") is pleased to announce that it has staked 17 additional unpatented mining claims and doubled the size of its recently acquired…

February 15, 2012

Stock market repeating itself: Michael Ballanger

The resource markets have weathered some death defying ups and downs lately. But Michael Ballanger, senior investment advisor with Toronto-based Union Securities, […]

February 15, 2012

Colombia to attract $2.1 billion in gold-related investments by 2015

Gold mining in Colombia is shining bright as major gold players are expected to invest U.S. $ 2,100 million by 2015, reports local newspaper La Republica.

February 15, 2012

AngloGold Ashanti profit increases to record $1.3bn; doubles dividend

AngloGold Ashanti posted record full-year adjusted headline earnings* of $1.3bn and boosted its dividend to further improve cash returns to shareholders.

February 15, 2012

Consolidated Goldfields Receives Assay Results Including 1.5m of 983 g/t Silver and 9.2m of 493.3 g/t Silver

Consolidated Goldfields Corporation ("Consolidated" or the "Company") (PINKSHEETS:CDGF) is very pleased to announce the receipt of additional assay results from its reverse circulation drill program at the Cahuilla gold-silver project…

February 15, 2012

Peru’s Conga Mine future in hands of foreign consultants

Peru’s long-running Conga mine dispute moved slightly forward on Tuesday after the government appointed foreign engineers to oversee an independent review of Newmont Mining Corp.'s stalled $4.8 billion gold project,…

February 15, 2012

Golden Predator acquires Brewery Creek gold mining project in Yukon

Canadian junior gold miner Golden Predator Corp. (TSX:GPD) has agreed to buy the Brewery Creek project in the Yukon from Alexco Resource Corp. (TSX:AXR) in a cash-and-stock deal worth about…

February 15, 2012

AngloGold chair calls for collaboration on mine safety stoppages

AngloGold Ashanti at the release of its full year results presentation said it has lost 73 000 ounces of gold as a result of section 54 stoppages enforced by the…

February 15, 2012

Avion Gold Corporation: Underground Ore Production Starts at Tabakoto Mine, Mali

Avion Gold Corporation (TSX:AVR) (OTCQX:AVGCF) is pleased to announce that production operations have started at its newly developed underground mine at the Tabakoto gold deposit in Mali, West Africa.