Greece approves European Goldfields’ EIS
It has taken five years, but Greece has finally approved European Goldfields’ (EGU-T, EGU-L) environmental impact study on its Greek assets.
Gold
Barrick stung by higher costs
Higher costs are pushing capex estimates higher at Pueblo Viejo, Pascua-Lama and Cerro Casale, Barrick Gold’s (ABX-T, ABX-N) major growth projects, the company reports.
Market shrugs for NovaGold’s Galore Creek PFS
Vancouver – NovaGold Resources (NG-T, NG-N) has released a new prefeasibility study for its 50%-owned Galore Creek copper-gold project in Northern British Columbia, nearly six years after completing it the first time round.
Golden Predator continues Brewery Creek expansion
Vancouver – Golden Predator (GPD-T) continues to increase the size potential at its flagship Brewery Creek project with encouraging gold hits on the new Sleeman discovery.
Gold Mountain rises on Elk, financing
A junior led by Copper Mountain Mining’s (CUM-T) CEO, Jim O’Rourke, saw its shares jump as high as 50%, two days after it completed a qualifying transaction and a concurrent financing.
Batero falls on the drill
Batero Gold’s (BAT-V) impressive market run over the last 12 months has hit a bit of a snag. The company’s shares have fallen 28% since releasing its latest drill results on July 27. In Toronto on July 28 its shares closed at $2.68 on 1.04…
Agnico-Eagle invests $70 million in Rubicon
Agnico-Eagle Mines (AEM-T, AEM-N) is making a $70 million strategic investment in Rubicon Minerals (RMX-T, RBY-X) that will give it 9.2% of the company’s outstanding shares.
Augen Gold’s Mason won’t go down without a fight
Directors of Augen Gold (GLD-V) have unanimously recommended shareholders reject an all-share offer from neighbour Trelawney Mining and Exploration (TRR-V) valuing the company at $55 million.
[Update] Brigus to drive production growth
Brigus Gold (BRD-T) says gold production will increase as it ramps up the Black Fox mine and exploration efforts in Timmins, Ont.
Manson Creek shares surge on new gossans in Yukon
Shares of Manson Creek Resources (MCK-V) surged 185.7% on news it had discovered three new natural spring gossans on its Tell property immediately south of Atac Resources’ (ATC-V) Rau claims in the Yukon.
Golden Star looks to get back on track
Golden Star Resources (GSC-T, GSS-X) recently reported an initial resource estimate for its new Buesichem South deposit in Ghana, days after posting lower operating results for the second quarter.
Standard Chartered says gold could hit US$5,000 per oz.
After a decade-long bull market “the gold mining industry has done little to bring on new supply,” Standard Chartered concludes in a new report, arguing that the gold market is likely to be in deficit until at least 2015.