Gold News

RSS

MAG Silver Confirms Discovery of New Structure at Juanicipio Property

MAG Silver has confirmed the new high-grade structure discovered at the Juanicipio Joint Venture property, located in Zacatecas State, Mexico, through the latest diamond drilling program.

From MAG Silver Corp 3 Sep 2011

Guinea Looks to Adopt New Mining Code, Take 35% Stake

In Guinea the new National Transitional Council has begun debating a mining code that proposes the government own a 35 percent stake in commodity companies. Rumors have it that the code recommends a free participation level of 15 percent for the government and the right to buy another 20 percent.

1 Sep 2011

Australia Investing Heavily in African Mining

Australian mining companies are increasing their investment in African mines. The Foreign Affairs Minister Kevin Rudd said in a pre-recorded message to more than a thousand delegates at a mining conference in Perth that Australia was committed to sharing its mining experience.

1 Sep 2011

Rusoro Mining to Transfer Assets to Venezuelan Joint Venture

Rusoro Mining Ltd will be transferring its assets to a joint venture with a state owned company as a partner as Venezuela nationalizes gold mining. The company is the only publicly traded gold miner in the country. The nationalization of gold was announced by President Hugo Chavez this month.

From Rusoro Mining 31 Aug 2011

Northern Dynasty Looks to Sell Alaskan Copper/Gold Deposit

The Northern Dynasty Minerals Ltd company has put its 50% stake in a copper and gold deposit in Alaska up for sale.

From Northern Dynasty Minerals Ltd. 31 Aug 2011

Wolverine Minerals Commences Trenching at Dawson Range’s DDD North Zone

Wolverine Minerals has commenced a trenching program at the recently identified DDD north zone present in the Dawson range of Yukon.

31 Aug 2011

Romania Looks to Revive Ancient Gold Mine

The Romanian government is looking to revive mining at Rosia Montana which is said to be the largest gold and silver resource in Europe. However there is considerable opposition to the plans for open pit mines in the region as it will destroy ancient heritage sites and the present day environment.

30 Aug 2011

Woulfe Mining to Fast-Track Muguk Gold Mine Evalution

Woulfe Mining Corporation has decided to speed up the evaluation of the Muguk gold mine in South Korea. The mine was closed in 1997 due to a low gold not making it a viable mining operation. It is now being revived by the company.

30 Aug 2011

Resolute Mining Posts Jump in Yearly Profits

Resolute Mining has announced a net profit of $61.39 million for the year ending June 30, 2011. The company has made an impressive comeback over the last 12 months compared to the $37.17 million loss that it reported in the previous year.

From Resolute Mining Limited 30 Aug 2011

Argus Metals Completes Phase I Reconnaissance Program at Iron King Project

Argus Metals has completed the Phase I reconnaissance program at the "core" 60 sq. km claim block of the Iron King project. The company has discovered long iron magnetite outcrops trend of 2 km in the west part of the project along with a central iron unit, which is mapped to having a true width of 25 m over >300 m.

30 Aug 2011