Category: Gold
Aurizon discovers three new lenses at Casa Berardi
Canadian gold producer Aurizon Mines has discovered three new lenses at its Casa Berardi mine in northwestern Quebec.
Extorre looks to high-grade open pits to fund Cerro Moro development
Extorre Gold Mines looks for ways to minimize dilution as it advances its Cerro Moro project in Argentina closer to possible financing.
Falling off the supercycle: BHP puts the brakes on capex, stock hits 3-year low
“Where the industry previously lacked investment opportunities and choice, it now has more projects than cash flows. All of us in the industry are having to make choices.”
Latin American mining investment boom continues unabated
Over the past decade, mining investment in Latin America has more than doubled, even after experiencing a sharp drop in 2009. According to a report by the Metals Economic Group, Latin America is now the primary destination for mining exploration investment in the world, with 25% of total investment going to Chile, Peru, Brazil, Colombia, Mexico and Argentina.
African Barrick Gold to pay more royalties to Tanzania
African Barrick Gold (LON:ABG) has decided to pay the Tanzanian government an extra 1% in royalties, in light of the current gold price environment.
How to lose $1 billion in a day. Ask Eike
Brazil’s Eike Fuhrken Batista is the world of mining’s richest man and he’s been on a roll this year – until Tuesday when $1,023,200,000 disappeared from his personal fortune.
Semafo joins 1.5 million oz club; Q1 profits up 54%
Montreal-based Semafo (TSX:SMF) had a good first quarter, producing and selling more gold than in the same time frame last year.
Harmony Gold Mining shares enter oversold territory
In trading on Tuesday, shares of Harmony Gold Mining Co. Ltd. (NYSE: HMY) entered into oversold territory, changing hands as low as $8.66 per share.
Gold falls as Greek woes lift US dollar
Gold fell today as generally positive euro zone GDP data failed to soothe jittery investors.
Northern Dynasty confirms $107 million work program to prepare Pebble Project for permitting in 2012
Northern Dynasty Minerals Ltd. (“Northern Dynasty” or the “Company”) (TSX: NDM; NYSE Amex: NAK) announces that the Board of Directors of Pebble Mines Corp., the general partner of the Pebble Limited Partnership (the “Pebble Partnership” or “PLP”) has approved a budget of approximately US $107 million to advance the Pebble Project in 2012, with the objective of readying PLP to initiate permitting under the National Environmental Policy Act (NEPA) toward the end of the year.
