Gran Colombia to double Segovia’s output
Gran Colombia Gold (GCM-T) expects to nearly double production at its Segovia gold operation in Colombia to 130,000 oz. in 2012, targeting an annual output of 200,000 oz. by 2014.
2012
China’s slowed growth hurts TSX, April 9-13
The S&P/TSX Composite Index slid for the seventh week, ending April 9-13 down 63 points at 12,040.39 as investors assessed China’s growth data and Europe’s continuing debt crisis.
SouthGobi warns of a possible suspension of activities
Just two weeks after the Aluminum Corporation of China announced that it intended to make a proportional takeover bid for up to 60% of SouthGobi Resources’ (SGQ-T) issued and outstanding shares, and Ivanhoe Mines (IVN-T, IVN-N, IVN-Q)…
U.S. equities post back-to-back weekly losses
U.S. stocks recorded their worst weekly loss since the middle of December with the Dow Jones Industrial Average plunging 210.55 points or 1.61% to finish the Apr. 9-13 trading week at 12,849.59 and the S&P 500 index retreating 27.82 points…
Canadian gold mutual funds
Fund name Apr. 9 Apr. 2 Change Change YTD MER* Assets*
North American stock exchange indices
Date Apr 9 Apr 6 Apr 5 Apr 4 Apr 3 High Low
Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
African Gold extends mineralization at Kobada
Northern stepout holes drilled at the Kobada gold project in southern Mali will have a positive impact on a revised resource estimate due later this year, African Gold Group(AGG-V) says.
Rio may sell its diamond assets
Rio Tinto (RIO-N) is pondering whether its diamond assets have lost their sparkle. The world’s third-largest miner has launched a strategic review of three diamond mines and one advanced diamond project to determine if they fit its…
Rambler firing up production at Ming
Hard work appears to be paying off for London-based Rambler Metals and Mining (RAB-V). The company has reported three-month operational highlights, including maiden gold production details from its Ming gold-copper mine on Newfoundland’s…
Skyline scours BC’s Golden Triangle
Skyline Gold (SK-V) is hunting for high-grade gold at its Iskut property in northwest B.C.’s Golden Triangle region, with hopes of striking it big.
Silver Wheaton rises on record 2011 revenues
Silver Wheaton (SLW-T, SLW-N) is the reigning king of silver-stream financing, and saw notable growth in 2011.