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Kinross Gold Sees Jump in Profits

Kinross Gold saw profits soar in the second quarter and its revenue went up by 42% as the prices of gold bullion continued to rise. The Canadian gold mining company announced that its Board of Directors had declared a $0.06 dividend per common share.

From Kinross Gold Corporation 11 Aug 2011

Jayden Resources Releases Additional Assay Results from Silver Coin

Jayden Resources has released the assay results from a further 5 holes during the proposed 100 hole drilling program, totaling 15,000 m at the Silver Coin.

11 Aug 2011

Xmet Continues Channel Sampling and Stripping Program at Duquesne-Ottoman

Xmet is continuing a major channel sampling and stripping campaign at the Duquesne-Ottoman property in Quebec.

11 Aug 2011

New Gold Reports Drilling Results from Blackwater Project

New Gold has reported the drilling results of four metallurgical holes and 12 further holes from the Blackwater project, located in central British Columbia.

From New Gold Inc. 11 Aug 2011

Hungary Opposes Gold Mine in Neighbouring Romania Due to Cyanide Extraction

Hungary is opposing mining activities at the Rosia Montana gold mine project in Romania. The project is to be operated by a Canadian gold mining company known as Gabriel Resources. Gabriel Resources owns 80% of the Rosia Montana Gold Corporation.

10 Aug 2011

Tao Minerals Updates on Las Aguadas Project in Colombia

Tao Minerals has inked a letter of intent (LOI) to partner with Bullet Holding of Medellin in Colombia and updated about the Las Aguadas project.

10 Aug 2011

Inter-Citic Minerals Continues Exploration at Dachang Gold Project

Inter-Citic Minerals is continuing the 2011 exploration campaign at the Dachang gold project.

From West Mining Corp 10 Aug 2011

Diamonds North Resources Starts Exploration at Amaruk Property

Diamonds North Resources has commenced the 2011 exploration campaign at the Amaruk Property, Nunavut. This exploration will focus on the first priority gold prospects and follow-up of the latest kimberlite target formation discovered from the electro-magnetic (EM) airborne information.

From Diamonds North Resources Ltd. 10 Aug 2011

Harmony Gold Settles Class Action in U.S.

Harmony Gold Mining Company has settled a claim with the lead plaintiff of a group that claimed the company overstated earnings in 2007. The Johannesburg based Harmony Gold is the third largest producer of gold in Africa and the fifth largest producer of the precious metal in the world.

From Harmony Gold Mining Company Limited 9 Aug 2011

Globex Mining Intersects High Grade Copper and Zinc

Globex Mining Enterprises made a statement on Monday saying that it had intersected high grades of copper and zinc, along with additional gold and silver mineralization, at the Tonnancour property.

From Globex Mining Enterprises Inc. 9 Aug 2011