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.
News
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.
First Point’s Decar starts to take shape
Vancouver – First Point Minerals (FPX-V) has released assays from the first 9 of 36 holes from the 2011 drill program at its flagship Decar nickel-iron alloy project in central British Columbia. Cliffs Natural Resources (CLF-N) managed the…
South American Silver releases first Escalones resource
Vancouver – South American Silver (SAC-V) has released a first resource estimate on its wholly-owned Escalones copper-gold-silver project in central Chile.
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.
Taca Taca gets bigger and better
After a brief stop around midnight to refuel in Panama, Ross Beaty pulls out a sleeping bag from his carry-on and spreads it in the aisle of the luxurious Gulfstream III jet he has chartered to fly a group of mining analysts to Lumina Copper’s…
Rye Patch pounces on Coeur d’Alene’s lapsed claims
Rye Patch Gold (RPM-V) shares surged 84% to 71¢ on Dec. 5 on news the junior scooped up lapsed mining claims from Coeur d’Alene Mines (CDM-T, CDE-N) in Nevada’s Rochester mining district.
How to make it as a gold miner in Africa
If you ask Mark Bristow what it takes to build a successful gold mining company in Africa, he’ll start by telling you what it doesn’t take.
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…
Editorial: Gold megaprojects lurch forward
Mid-December was filled with substantial news about some of the world’s largest gold deposits.