Avion gets busy in West Africa
Avion Gold (AVR-T) had a busy second quarter expanding its West-African projects, increasing its ownership in its Burkina Faso asset, and preparing a maiden reserve estimate for its Tabakoto gold project in Mali.
2011
Midlands gets the cash for Sian
With its latest round of financing complete Midlands Minerals (MEX-V) is set to get aggressive on its drill program in Ghana. The company closed a fully subscribed financing deal that raised $7.5 million for its coffers – a sum that will bring…
Encouraging signs for Rio Novo
Exploration at Rio Novo Gold’s (RN-T) Vira-Saia target on its Almas gold project in Brazil is yielding shallow, low-grade mineralization likely amenable to bulk mining methods, analysts say.
Positive PEA for Pan American and Orko’s La Preciosa
Better late than never, joint venture partners Pan American Silver (PAA-T) and Orko Silver (OK-V) have released a long-awaited preliminary economic assessment (PEA) for their La Preciosa epithermal silver-gold project in Durango, Mexico.
Early results bolster Cartier
Early results from Cartier Resources’ (ECR-V) Cadillac Extension project near Val-d’Or show promise and the company’s share price responded. Cartier announced that channel samples from the project, which sits 15-km east of Val-d’Or in…
Oro Mining posts solid drill results
Before joining Oro Mining (OGR-V) as chief executive and chief operating officer, John Brownlie was president of Capital Gold, where he successfully brought the El Chanate open-pit gold mine into production and helped make it one of the most…
Timmins Gold sells more ounces
Timmins Gold (TMM-T) says it’s on track to produce more than 100,000 oz. gold from its flagship San Francisco mine in Mexico for fiscal 2011.
Fortuna Silver Mines start producing concentrates
Shares of Fortuna Silver Mines (FVI-T) jumped 55¢ or 11.11% to $5.50 per share on news that the mill at its 100%-owned San Jose silver-gold mine in southern Mexico had started producing silver-gold concentrate.
What next for Lundin Mining
Rumours have been circulating for weeks that cash-rich BHP Billiton (BHP-N) might be interested in making a bid for Lundin Mining (LUN-T), but a late-night post on The Telegraph’s website on Monday added more fuel to the fire.
Major gold miners on an uptick
As fresh sovereign debt crises unfold and fears mount over a possible second recession, investors continue to look to gold as a leading safe-haven investment.
New 52-week high for New Gold
New Gold (NGT-T, NGD-X) touched a new 52-week high, a day after posting strong drill results from its Blackwater gold project in central British Columbia.
Higher earnings despite lower production for Quadra FNX
It was a busy quarter for Quadra FNX Mining (QUX-T), but one that paid large profits to the recently merged company despite lower production totals. Quadra, which teamed with FNX in May of last year, reported a 75% increase in earnings, as…