Volume 98 Number 51 Feb 4 - 10, 2013



Argonaut exceeds expectations

Shares of Argonaut Gold (AR-T) jumped nearly 5% to $10.09 after the company reported production results for the fourth quarter and for all of 2012.


Gold bars in a Bank of England vault. Source: Bank of England

GFMS sees higher gold prices in 2013

Gold market consulting firm Thomson Reuters GFMS is calling for renewed strength in the bull market for gold in the year ahead. The prediction came as GFMS unveiled the second update to its Gold Survey 2012 at a presentation in mid-January in…



Drilling at Asante Gold's Fahiakoba gold project in central Ghana. Source: Asante Gold

Asante Gold has a history of success in Ghana

At first glance Vancouver-based Asante Gold (ASE-V) appears similar to a number of junior explorers hoping to make the next discovery in Ghana. Take a closer look, however, and one difference emerges: Asante is the next project for…




Facilities at Semafo's Mana gold mine in Burkina Faso. Source: Semafo Inc.

Semafo sees lower grades at Mana

West Africa-focused gold miner Semafo (SMF-T) has unveiled a more modest guidance for 2013, reflecting the lower anticipated grades and higher costs at its flagship Mana gold mine in Burkina Faso. For the year Semafo is guiding production of…



The Bloom Lake iron mine in Quebec in 2010 which was purchased by Cliffs Natural resources in 2011. Source: Consolidated Thompson Iron Mines

Cliffs to take major hit in Q4

Two years ago when Cliffs Natural Resources (CLF-N) acquired Consolidated Thompson Iron Mines and its Bloom Lake mine for US$4.97 billion, many critics argued the Cleveland-based company had overpaid.



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