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Tanzania's gold production up 13% in 2011
Wednesday , 16 May 2012Gold output rose to 40.4 tonnes in 2011 from 35.6 tonnes a year ago after mining companies invested in higher output in a bid to cash in on the rising gold price, its central bank said Tuesday.
African Barrick Gold ups Tanzania royalty pay by 1%
Wednesday , 16 May 2012The FTSE 250 gold miner will pay an additional 1% in royalty to the Tanzanian government, citing the current gold price environment.
Paulson keeps gold ETF exposure in Q1
Wednesday , 16 May 2012Hedge fund manager John Paulson held on to his ETF bullion holdings in the first quarter of this year, gaining from an early surge in gold prices before the market tanked.
Kumtor Mine production woes slam Centerra Gold 1Q financials
Wednesday , 16 May 2012Centerra Gold's production plummeted during the first quarter, sending total cash costs soaring to $985 per ounce.
Great Basin Gold steps in to rescue BEE deal
Wednesday , 16 May 2012While Great Basin Gold has had a tough road to walk over the last few months, CEO Ferdi Dippenaar believes worst is behind them and is looking forward to more consistency
Canaco shares plummet on maiden million ounce gold resource
Wednesday , 16 May 2012It seems some investors were expecting more from Canaco than a million ounce resource with open-pit indicated and inferred grades @ 1.48 g/t gold and 1.36 g/t Au respectively.
International Tower Hill CEO resigns
Tuesday , 15 May 2012The gold miner says it has started looking for a new CEO to replace James Komadina who has resigned for personal reasons.
European gold reserves unchanged at 433 billion euros
Tuesday , 15 May 2012The latest data from the European Central Bank showed Tuesday that gold reserves held by European central banks remained unchanged at 432.705 billion euros in the week ending May 11.
Junior company hoping to extend Kalgoorlie's Golden Mile
Tuesday , 15 May 2012The heartland for gold mining in Australia - Kalgoorlie's Golden Mile - will have the southern extension revisited after decades on inaction.
Up to 8 bidders eyeing Ivanhoe Australia gold/copper mine stakes
Tuesday , 15 May 2012Two sources with knowledge of the matter say second-round bids are due later this month, with preliminary interest seen from Anglo American, OZ Minerals, Vedanta Group and Aditya Birla Group.
Barrick Gold sees slightly lower output in Peru
Tuesday , 15 May 2012The miner expects output at its Lagunas Norte mine to be similar to last year and its Pierina mine to produce slightly lower ounces than it did in 2011.
Westgold Resources to merge with Australia's largest tin producer
Monday , 14 May 2012Metals X and expanding gold producer, Westgold, have agreed to merge and will, together, hold just shy of US$100m in cash and investments.
Polymetal sells Veduga gold deposit stake to Polygon
Monday , 14 May 2012The company said while, the deposit is non-core, by retaining a stake of more than 80%, it will be able to benefit from the development of the asset.
Osisko reviewing gold guidance after fire, ramp-up delay
Friday , 11 May 2012Osisko Mining puts up a flag on 2012 guidance, saying it is under review following a fire and mine ramp-up issues.
Gabriel hoping to engage with new Romanian govt
Friday , 11 May 2012Gabriel Resources is hoping to engage with Romania's new government soon in order to be able to update investors on the future of its controversial Rosia Montana gold project.
TOP STORIES
Extorre looks to high-grade open pits to fund Cerro Moro development
Wednesday , 16 May 2012Extorre Gold Mines looks for ways to minimize dilution as it advances its Cerro Moro project in Argentina closer to possible financing.
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