November 23, 2011 AngloGold cuts $3 billion program to dig deeper at mine already 4 kilometres down Bloomberg reports AngloGold Ashanti, the third- largest producer of the metal, is scaling back a $3 billion, 10-year programme to extend is Mponeng mine outside Johannesburg, South Africa. Mponeng is…
November 23, 2011 Markets tumble, gold falls under $1,700 Uncertainty regarding the never-ending euro crisis and weak data from China sent gold and markets lower. The S&P/TSX Composite Index is off 1.88% and the S&P/TSX Venture Composite Index is…
November 23, 2011 Franco-Nevada announces C$340 million bought deal financing Canadian gold royalties company Franco-Nevada aims to raise C$340-million in an equity offering, it said on Tuesday. The TSX- and NYSE-listed firm said it would use the cash for acquisitions,…
November 23, 2011 Freeport Indonesia, union discuss wage proposal to end strike Freeport McMoRan Copper & Gold and its Indonesian union are discussing a possible pay deal to end a three-month strike that has crippled output from the world's second biggest copper…
November 23, 2011 Visible Gold Mines completes $2.87 million private placement Visible Gold Mines Inc. (TSXV: VGD) (Frankfurt: 3V4) announces closing of its previously-announced private placement by issuing 9,583,333 "flow-through" units at a price of $0.30 per unit, for gross proceeds…
November 23, 2011 Huckleberry minelife extended by 7 years Imperial Metals (TSE:III) is extending its Huckleberry mine in northern British Columbia by 7 years. The company said it plans to extend the Main zone pit and build a new…
November 23, 2011 The case for using Europe’s $590 billion gold reserves in the euro zone bailout The Globe and Mail reports ever since the euro zone bond markets first started to get the jitters, hedge fund managers have been whispering that gold could play a part…
November 23, 2011 Lake Victoria’s new drill rig to undertake soil sampling programs on projects in Lake Victoria Gold Belt of Tanzania Lake Victoria Mining has purchased a mobile auger drill rig to provide soil sampling services over "mbuga" covered areas of its gold projects in the Lake Victoria Greenstone Gold Belt…
November 22, 2011 Silver surges 3.5%, gold nudges $1700 After getting clobbered yesterday, gold and silver rallied Tuesday on a stronger commodities market, along with bargain hunting at lower precious metals prices and short covering. Spot silver gained 3.5%…
November 22, 2011 Balmoral Acquires New Neighbour in Detour Gold Belt as Osisko Mining Options Adjacent Property Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX VENTURE:BAR.V - News) advises its shareholders that Midland Exploration Inc. ("Midland") today announced that is has granted Osisko Mining Corporation ("Osisko") an…
Copper poised for best year since 2009 after December surge All six base metals on the LME are headed for annual gains in a year that’s seen an array of supply-side pressures. December 24, 2025 | 10:11 am
