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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

Extract Resources Seeks Clarification from Namibia

Extract Resources is a uranium explorer hoping to conduct business in Namibia. The company has said that it will be seeking clarification from the Namibian government on comments that were made by it regarding plans to assign almost all mining and exploration rights to the state owned mining company.

1 May 2011