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

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

Report says Mugabe’s police running diamond mines

A report published this week by Global Witness, an international human rights group, says that companies mining the controversial Marange diamond fields in Zimbabwe have senior personnel drawn from security…

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

Fatal accident at Bokoni

VANCOUVER, Feb. 15, 2012 /CNW/ - Anooraq Resources Corporation ("Anooraq" or the "Company") (TSXV: ARQ; NYSE Amex: ANO; JSE: ARQ) announces with deep regret that an employee was fatally injured…

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.

February 15, 2012

Environ opens first African office to meet industry demand

Environ is expanding its global network by opening its first office in Africa on March 1, 2012 in Johannesburg. The group said that it is establishing operations in Johannesburg in…

February 14, 2012

Legend Gold Releases Detailed Look at Lakanfla Zone 4 Gold Discovery, West Mali

Legend Gold Corp. (the "Company" or "Legend Gold") (TSX VENTURE:LGN) is pleased to release an enhanced representation of the new Zone 4 gold discovery that reflects the Company's increased understanding…

February 14, 2012

Death of DRC mining go-to guy will reshape country’s resource sector

Augustin Katumba Mwanke, the former governor of copper-rich Katanga province and go-to guy for resource deals, was seen by many as the power behind the throne.