Sabina Gold boosts resources at Back River
A new resource estimate by Sabina Gold & Silver (SBB-T) at its Back River gold project in Nunavut has the company’s share price moving in the right direction.
Gold
Guyana Goldfields gets key licence
Guyana has issued its first large-scale mining licence in the gold sector since 1991 – giving Guyana Goldfields (GUY-T) the permission the company needs to build and operate its Aurora project.
Pretium boosts Brucejack resource to 31M oz. gold, 333M oz. silver
Pretium Resources (PVG-T) has increased gold and silver resources at its flagship Brucejack project in northwestern B.C. by as much as 460%, following a mid-year, 72,000-metre drill program.
AngloGold to buy 19% of Mariana
AngloGold Ashanti (AU-N) is all set to acquire a 19.9% interest in fellow Deseado Massif landholder Mariana Resources (MRY-T, MARL-L).
Armistice is on a roll
Shares of Armistice Resources (AZ-T) surged 55% to close at 24¢ on Nov. 24 after the company announced it expects gold production at its McGarry underground mine in Ontario to start in December, followed by gold sales in the first quarter…
Citation enters Guerrero gold belt
Yet another explorer is trying their hand at the Guerrero gold belt of southwest Mexico, with Citation Resources (CTT-V) signing an option agreement on a block of property there.
Results continue to perk up investors at Kaminak
The deepest hole ever drilled into Kaminak Gold’s (KAM-V) early stage exploration Coffee property in the Yukon has intersected high-grade gold zones in the Latte zone.
Amarillo completes prefeasibility on Posse
Amarillo Gold’s (AGC-V) Posse deposit in the Brazilian state of Goias is surrounded by a number of large copper, gold and nickel laterite projects and was previously mined by the Western Mining Company during the 1990s.
Goldman Sachs predicts commodity prices to rise 15% in 2012
Analysts from Goldman Sachs (GS-N) have forecast commodity prices will increase by 15% in 2012, with the influential investment bank maintaining an ‘overweight’ recommendation on commodities for the next 12 months.
Positive initial metallurgy for Probe Mines
Results of an initial scoping study on the metallurgy at the Borden Lake project near Chapleau, Ontario are encouraging for Probe Mines (PRB-V).
Gold mostly to blame for India’s current account deficit
A massive appetite for gold across India is causing the country’s current account deficit to widen as most of the South Asian nation’s gold demand is met through imports, a new study by Macquaire Economics Research says.
Keegan shares oversold, Canaccord says
Shares of Keegan Resources (KGN-T, KGN-X) are undervalued even when taking into account new tax changes proposed in Ghana, Canaccord Genuity mining analyst Nicholas Campbell argues in a research note to clients, adding that he believes the…