Alacer ups 2012 production target
Alacer Gold (ASR-T) has bulked up its 2012 production guidance by up to 410,000 attributable oz. gold following higher grades at its Copler gold mine in Turkey, despite reporting a weak first quarter.
Gold
Gold bounces back on demand fundamentals
VANCOUVER — The World Gold Council (WGC) released its first quarter 2012 Gold Demand Trends Report heading into the May long weekend, citing increased investment and jewellery demand in China, the rise of exchange-traded funds (ETFs), and…
ATAC launches Yukon drill program
ATAC Resources (ATC-V) has kicked off the first phase of its two-phase drill campaign this year at its 100%-owned Rackla gold project 55 km northeast of Keno City in Central Yukon.
A weak quarter, but strong year for Silvercorp
Silvercorp Metals (SVM-T, SVM-N) reported a weak fourth-quarter profit, mainly due to resources spent fighting fraud allegations launched by a group of short sellers, but overall reported a strong fiscal 2012 and expects higher production from…
Change the only constant for Ivanhoe
VANCOUVER — Change and progress are the name of the game for Vancouver-based Ivanhoe Mines (IVN-T, IVN-N) as the company adjusts to a takeover by Rio Tinto (RIO-N, RIO-L, RIO-A) and approaches first production at its world-class Oyu…
[Update] Brigus turns a corner
Brigus Gold (BRD-T, BRD-X) says it is “just going to keep on improving” to reach a steady annual production rate of 100,000 oz. gold by year end at the Black Fox gold mine in Timmins, Ont.
Inmet finances Cobre Panama under majority ownership
VANCOUVER — Toronto-based major Inmet Mining (IMN-T) has opted to retain its majority interest in the world-class Cobre Panama copper-gold project through development financing, as the company announced a hybrid plan that would see it…
Editorial: Are gold stocks the new value play?
The game of gold investing never gets dull for investors who get to ponder the delicate interplay of geopolitics, macroeconomics, heavy industry, mineral exploration and fashion trends that gives us our ever-changing prices for gold bullion and…
Canaco dives 66% on resource estimate
Canaco Resources (CAN-V) took a deadly plunge, losing 66% on a maiden resource estimate for the Magambazi area of the Handeni gold project in Tanzania.
Freeport in eye of Indonesia’s nationalization storm
The world’s largest, publicly traded copper producer, Phoenix-based Freeport-McMoRan Copper & Gold (FCX-N), is standing tough in the face of simmering labour turmoil and nationalization overtures aimed at its Grasberg…
B2 Gold shows faith in Calibre
B2Gold (BTO)-T will help finance Calibre Mining’s (CXB-V) exploration activities in Nicaragua by purchasing 20 million Calibre units for $5 million in cash.
AuRico adds third mine to its portfolio
AuRico Gold (AUQ-T) has added another mine to Kirkland Lake’s heritage.