Richmont raises reserves (March 03, 2008)
While Richmont Mines (RIC-T, RIC-X) increased production only slightly in 2007, it raised gold reserves significantly, to 361,000 oz. gold from about 49,000 oz. the year before as a result of its expl…
Gold
Alexis set for Q2 startup at Lac Herbin
After a bulk sample, an updated resource and a revised feasibility study, Alexis Minerals (AMC-T, AXSMF-O) has decided to start commercial production at the Lac Herbin gold mine in Val d’Or, Que., by …
Latin American extends Paso Yobai strike (March 03, 2008)
VANCOUVER — With results for all 2007 drill holes in hand, Latin American Minerals (LAT-V, LATNF-O) has confirmed the continuity of a gold-bearing structure along 1.3 km of strike at the company’s Pa…
Int’l Minerals mulls options at Gaby
A prefeasibility study for International Minerals’ (IMZ-T, IMZLF-O) Gaby open-pit gold project in Ecuador found that all four processing options tested would be too costly at a base case gold price of…
Barrick buys rest of Cortez for US$1.7B
One of the planet’s best gold assets is now solely in the hands of the world’s biggest gold miner.
New resource estimate for Pebble East
An updated resource estimate for Pebble East confirms Northern Dynasty Minerals’ (NDM-T, NAK-X) claims that its copper-gold-molybdenum deposit in southwestern Alaska is one of the most significant in …
Northgate closes Perseverance acquisition (March 03, 2008)
VANCOUVER–Northgate Minerals (NGX-T, NXG-X) has completed its friendly takeover of Australian gold producer Perseverance in an all-cash deal valued at roughly US$257 million.
La Mancha works to gain market favour
It’s been nearly two years since a reverse takeover put Areva’s gold assets into La Mancha Resources’s (LMA-T, LACHF-O) hands (then listed on the TSX Venture Exchange) — effectively creating a gold s…
Kinbauri’s efforts at El Valle paying off (March 03, 2008)
VANCOUVER — It’s looking more and more like Kinbauri Gold’s (KNB-V, KINBF-O) $5-million bet on the past-producing El Valle and Carles gold-copper deposits in northwestern Spain was a good one.
NovaGold stands pat on Copper Canyon (March 03, 2008)
NovaGold Resources (NG-T, NG-X) will maintain its 60% interest in the Copper Canyon property in northwestern B.C., choosing not to exercise its option to move up to an 80% interest by paying Copper Ca…
Great Basin Gold ups Burnstone gold count by 41% (March 03, 2008)
VANCOUVER–An ongoing exploration program at Great Basin Gold’s (GBG-T, GBN-X) Burnstone project in South Africa has increased the site’s gold resource by 41%.
Gold, oil hit record highs
More records were set for commodity prices during the week ended Feb. 23, the eighth trading period of 2008, as both oil and gold prices rose to new, all-time nominal highs as the U.S. dollar suffered…