First Uranium to slash its workforce by half at Ezulwini
First Uranium (FIU-T) says it may cut up to 1,850 jobs at the Ezulwini gold-uranium mine in South Africa because it has not been able to sustain production levels.
Gold
Eldorado to buy European Goldfields
Eldorado Gold’s (ELD-T, EGO-N) proposed acquisition of European Goldfields (EGU-T, EGU-L) will enable Eldorado to increase gold production from about 650,000 ounces in 2011 to over 1.4 million ounces by 2014–or a rate of 30% on an…
More ounces lift Extorre
Extorre Gold Mines (XG-T, XG-X) took another step towards production at its Cerro Moro project in southern Argentina with the release of an updated resource estimate.
Gold-Ore and Astur Gold to merge
Vancouver – European-focused Gold-Ore Resources (GOZ-T) and Astur Gold (AST-V) have decided to join forces to create a single company with one producing gold mine and a second gold project with significant potential.
Barkerville taps into Bonanza Ledge gold in BC
Barkerville Gold Mines (BGM-V) has cleared another hurdle in its quest for a modern take on the gold rush that filled the hills around Barkerville 150 years ago.
NovaGold, Barrick table feasibility on Donlin
A second feasibility study on the Donlin gold project in southwestern Alaska puts capital costs at US$6.7 billion – down from US$7 billion – and includes US$834 million for building a 500-km natural gas pipeline and US$984 million in…
Virginia Mines a buy or hold near current levels: Cook, Casey
It is no easy task to find junior exploration companies these days with tangible assets and a steady share price able to withstand any mighty downdrafts that could accompany a wide-scale financial system collapse similar to the one seen in the…
Intrepid Mines keeps expanding Tumpangpitu
For the third time in a little over a year, Australia-based Intrepid Mines (IAU-T, IAU-A) has added hundreds of millions of inferred tonnes at the Tujuh Bukit gold-copper project in Indonesia.
Updated: Accusations fly in Mosquito Consolidated boardroom scuffle
Vancouver – Weeks of mounting tension between opposing factions of the board of Mosquito Consolidated Gold Mines (MSQ-V) came to the fore at the company’s annual general meeting on December 16 as shareholders finally had their say in the…
Lundin completes Semblana resource
Lundin Mining (LUN-T, LUMI-O) discovered the Semblana copper deposit adjacent to its Neves-Corvo mine in southern Portugal in September last year and describes it on its website as “the first new massive sulphide deposit discovery at…
Thompson Creek raises $270M with gold stream sale
Vancouver -Thompson Creek Metals (TCM-T, TC-N) has pre-sold another chunk of future gold production from its Mt. Milligan project to Royal Gold (RGL-T, RGLD-Q) in the face of a softened molybdenum market and two projects under…
Brigus expands gold resources at Black Fox
Brigus Gold (brd-t, brd-x) grows its gold resources at the Black Fox complex in Timmins, Ont.