Africa

African Barrick changes name, announces key initiatives

Source: Daily News | 2014-11-27
African Barrick Gold — now called Acacia Mining (LSE: ACA) — has signed an earn-in agreement with Sarama Resources (TSXV: SWA) on its South Hounde project in Burkina Faso and also approved an underground mining...

African Gold's Kobada offers low capex and operating costs

Source: Daily News | 2014-11-26
Free-digging saprolite and favorable metallurgy at African Gold Group’s (TSXV: AGG) Kobada open-pit gold project in Mali will help keep a lid on costs, according to an updated preliminary economic assessment, which estimates life-of-mine...

Nevsun deals with human rights lawsuit, takeover rumours 

Source: Print Archives | 2014-11-26
VANCOUVER — Nevsun Resources (TSX: NSU; NYSE-MKT: NSU) is facing a lawsuit in the B.C. Supreme Court alleging it was complicit in the use of forced labour by local contractors at its Bisha copper-gold operation in Eritrea in East Africa....

Iamgold tackles costs, cuts 45 head office jobs 

Source: Print Archives | 2014-11-26
Iamgold (TSX: IMG; NYSE: IAG) is trimming the fat on its balance sheet, with hopes of returning to a cash flow positive position next year. 

Lundin hits commercial production at Eagle

Source: Daily News | 2014-11-25
Lundin Mining (TSX: LUN) now has another commercial mine in its growing roster of operations.

CIBC slashes platinum forecast

Source: Daily News | 2014-11-20
An expected surge in the price of platinum failed to materialize in 2014 because of a strong U.S. dollar and weak South African rand, say mining analysts with CIBC World Markets, who are slashing their platinum price forecast for 2015.

True Gold targets first gold pour in late 2015

Source: Daily News | 2014-11-18
Vancouver-based gold junior True Gold Mining (TSXV: TGM) likes to get things done quickly.

AngloGold considers asset sales to pay down debt 

Source: Print Archives | 2014-11-12
VANCOUVER — Volatile gold markets have shifted the goal posts for miners, and South Africa’s AngloGold Ashanti (NYSE: AU) has responded by streamlining operations and getting a better grasp on its balance sheet. The company has...

TSX continues winning streak, Nov. 3-7 

Source: Print Archives | 2014-11-12
The S&P/TSX Composite Index gained for the fourth straight week, up 77.51 points to close at 14,690.83. Gold and diversified miners both added 10 points, with the S&P/TSX Global Gold Index ending at 144.86 and the S&P/TSX Capped...

Macquarie Research cuts Kinross target price  

Source: Print Archives | 2014-11-05
With gold falling to a four-year low of US$1,171.60 per oz. on the afternoon of Halloween, many gold miners saw their shares slip to 52-week lows. 

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