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Daulton Capital Acquires Gold Property in Papau New Guinea

Daulton Capital has purchased 750,000 hectares in Papau New Guinea, which is rich in gold.

10 May 2011

Xmet Reports Phase I Drilling Highlights from Duquesne-Ottoman Project

Xmet has announced the Phase I drilling highlights of the past six months from the Duquesne-Ottoman project.

10 May 2011

Western Sierra Mining Uses Portable Processing Equipment to Expand Exploration

Western Sierra Mining will use a new handy processing equipment to extensively develop the capabilities of its exploration and testing.

10 May 2011

GoldCorp to Remain Focussed on Precious Metals

GoldCorp Inc is reaffirming its commitment to precious metals. The chief executive officer of GoldCorp, Chuck Jeannes said that with their growth profile intact for the next five-plus years, it gave them the opportunity to try to continue that growth organically and through early-stage acquisitions, rather than going out and paying full price for a fully developed asset.

8 May 2011

Zijin Mining Fined for Toxic Mining Spill

Zijin Mining Group has been ordered to pay a fine of $4.6 million for the toxic spills in the Fujian province originating from its properties. The spill at the Zijinshan Gold and Copper Mine which occurred a year ago poisoned a river and killed many fish besides devastating the area.

5 May 2011

Auric Mining Signs LOI to Buy Homestead Tonopah Gold in Nevada

Auric Mining has signed a Letter of Intent (LOI) to purchase Homestead Tonopah Gold, which is situated at Carson City in Nevada.

5 May 2011

New Dawn Mining in Talks With Zimbabwe Government

New Dawn Mining Corporation is holding talks with the government of Zimbabwe concerning a new law that needs it to cede or sell 51% of its shares to black Zimbabweans.

3 May 2011

Barrick Gold Looks to Secure Future with Copper

The world's largest gold mining company Barrick Gold has moved into copper mining at a large scale. The company expects to produce nearly 300 million pounds of copper in the current year along with 7.8 million ounces of gold. With its acquisition of Equinox Minerals the copper figure may quadruple.

From Barrick Gold Corporation 2 May 2011

Osisko Mining Extends Malartic Mine Life

Osisko Mining Corporation gave fresh data on its Malartic mine in Quebec based on a recently concluded resource estimation. The Montreal based mining company used the services of independent consultants G Mining Services to disclose the revised annual mine production plan.

From Osisko Gold Royalties Ltd 1 May 2011

Medusa Mining Reports Gold Production Increase

Medusa Mining has announced that it has produced 25,114 ounces of gold in the March quarter. The Philippines focused Australia and Canadian listed miner said that gold production costs were US$191 per ounce after being recovered from an average grade of 11.58 g/t gold ore.

From Ten Sixty Four Limited 1 May 2011