July 1, 2011

Century Mining gold resources guillotined in Micon review

Century Mining's (TSX-V: CMM) defined gold ounces at its Lamaque mine in Quebec dropped precipitously following a Micon International reserve and resource update. Measured and indicated resources fell 75 percent…

June 30, 2011

ABB commissions first gearless mill drives project in Canada

ABB, the leading power and automation technology group, has completed commissioning of the first gearless mill drive (GMD) system operating in Canada. The GMD powers a 38-foot semiautogenous (SAG) mill…

June 30, 2011

The month that was- fear and loathing in financing

The price of metals may not have retreated much but the prices of equities in the mining space have been brutalized over the last six weeks. It is clear to…

June 30, 2011

Timmins Gold earns $84m at San Francisco Gold in first year

Timmins Gold Corp. reported an annual net profit of $11.5m for 2011, the first year of commercial operations of its San Francisco gold project in Mexico. The nine cent a…

June 30, 2011

Goliath Gold drills on as losses mount

Goliath Gold, a thinly traded African exploration company this week reported a deepening loss for the year to end-March as it pushes ahead with drilling programmes at its Johannesburg East…

June 30, 2011

Silver unperturbed by Greek machinations

Asia again lifted the gold price to over $1,513 and also took the euro to €1: $1.45 before London opened. The euro pulled back slightly to €1: $1.4375 during London’s…

June 30, 2011

Selling gold teeth to make ends meet in Greece

A smartly dressed woman waits as a young man behind a glass screen weighs her gold earrings, bracelets and rings and counts out 1,600 euros. "I'll see you again soon,"…

June 30, 2011

New Guinea Gold finds significant credits of silver, bismuth, molybdenum, tellurium and copper

New Guinea Gold Corporation announced results from the Kavursuki Hole KUD025 at the Sinivit Project in Papua New Guinea. Bob McNeil, consultant geologist, commented: “The assay levels of molybdenum at…

June 30, 2011

Right time to get into commodities, says Barclays Capital

The world seems set to enter a period of slower growth and higher inflation and investors would do well to gain some direct exposure to commodity markets, said Barclays Capital…

June 30, 2011

Invest in commodities rather than producers

Investing directly in commodities through indexes gives an investor more direct exposure to commodity prices than investing in the producers, whose returns were more aligned with equities.