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Newcrest Downgrades Gold Production for 2011

Australian miner Newcrest has cut its output estimates for gold in the current year. Newcrest Mining said that a power malfunction at the Lihir mine in Papua New Guinea was the reason why they had downgraded the full year gold production guidance from 2.82 million ounces to 2.7 million ounces of gold in 2011.

From Newcrest Mining Limited 9 Jun 2011

Tintina Resources Reports Further Assay Results from Sheep Creek Project

Tintina Resources has announced further initial assay results from the drilling program at its Sheep Creek copper-cobalt-silver property in USA.

9 Jun 2011

Zambia to Sell Stake in Equinox Minerals

Africa’s largest copper producing nation, Zambia, has agreed to sell its stake in 2.28% stake in Equinox Minerals for $160 million. This is part of Barrick Gold Corporation’s unconditional approval for taking over Equinox Minerals.

From Barrick Gold Corporation 8 Jun 2011

NQ Exploration Announces Final Drill Hole Results from Carheil Project

NQ Exploration has released the final two drill hole results from the winter exploration campaign at its Carheil project.

8 Jun 2011

Wesgold Gets Option Over Colombian Mining Property

Vancouver based Wesgold Minerals has acquired an option to buy up to 51% in the Cordoba Property. The Colombian mining property has received an initial 11% investment from Minatura International LLC for a sum of $4 million. The property has prospects for iron, copper and gold mineral deposits. Wegold specializes in acquiring and exploring early stage gold projects.

7 Jun 2011

Protest Stop Key Copper Mine in Chile

El Teniente is the fourth largest copper mine in Chile. Its output was halved on Saturday as miners walked off the job due to violent protests made during the week by striking sub-contractors.

6 Jun 2011

Orvana Minerals Commissions El Valle-Boinas-Carles Mine

Orvana Minerals has announced that Kinbauri España is commissioning the El Valle-Boinás-Carlés (EVBC) gold-copper mine in northern Spain.

6 Jun 2011

Josephine Mining Identifies Sulfide Mineralization Zones at Turner Gold Project

Josephine Mining has identified sulfide mineralization zones during the present in-fill drilling program at the Turner Gold Project.

6 Jun 2011

Capella Resources Signs Agreement to Conduct Airborne Survey at Habanero and El Rojo Properties

Capella Resources has inked an agreement with Geotech of Aurora, Ontario to execute a joint Cesium-magnetometer and Z-tipper Electromagnetic (ZTEM) survey at its Habanero and El Rojo properties in Southern Peru.

4 Jun 2011

Metals Creek Resources Releases Assay Results from Tillex Copper Project

Metals Creek Resources has reported the assay results from its 588 m diamond drilling program at its 85% owned Tillex Copper Project, which is situated in Currie Township, Ontario.

1 Jun 2011