Oceana's gold production down but within guidance Otago Daily Times | East-Otago based Oceana Gold's production for calendar year 2011 was down almost 6%, but was in line with guidance and also the crucial cash cost of production per ounce. | In a report yesterday outlining its fourth-quarter result, Oceana included some unaudited figures for the full year 2011, whi...
Zim Gold for Unnamed SA Firm's Machines All Africa Biz-Community (Cape Town)-Allafrica.com reports that the Zimbabwe Miners' Federation (ZMF) has entered into an agreement with a South African gold buyer for the provision of mining equipment and financial support to boost their operations. Under the ...
Fortuna Readies to Ride the Silver Price Rally The Street | Fortuna is a little known silver company with two operating underground mines in Peru and Mexico and a killer growth rate. Silver production popped 31% in 2011 while gold production grew 174%. The miner is on track to produce 3.7 million ounces of ...
VMS Ventures Provides Permit Update at the Reed Copper Deposit Near Snow Lake Mineweb VMS Ventures | VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 26, 2012) - VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS") is pleased to announce an update on permits at the Reed Copper deposit. The Reed Copper deposit is located 120 kilometres from Flin...
Crocodile Gold targets higher 2012 production Mineweb | The company plans to capitalise on its flagship Cosmo mine in Australia, which contributes more than 70% of total output, to increase production this year. | ...
'Bering Sea Gold' seeks glacial treasure at bottom of Alaskan sea The Oklahoman Thom Beers new Discovery series, “Bering Sea Gold,” follows treasure seekers of a different kind as they hunt for actual gold, deposited over millions of years on the seafloor by glaciers in the waters off Nome. The show premieres Friday. BY KATE...
Dalradian acquires big European exploration holdings, to raise C$25m Mining Weekly | TORONTO (miningweekly.com) – Gold junior Dalradian Resources, headed by former Aurelian Resources cofounder Patrick Anderson, said on Thursday it would raise $25-million in a bought deal financing. | In a separate release, the Toronto-based f...
Crocodile Gold expects higher 2012 output Mining Weekly | Canada's Crocodile Gold Corp expects a 12% to 19% rise in 2012 production as its flagship Cosmo mine in Australia is expected to contribute more than 70% of the total output. | The company, which has agreed to sell a majority stake to Luxor Cap...
Precious metals: Going for gold The Independent | "Precious metals have taken off," Barclays Capital said in a note, as gold prices responded to a Federal Reserve pledge on Wednesday night to keep interest rates at rock-bottom levels for at least two more years. | Furthermore, the Fed si...
Population boost for small gold town Australian Broadcasting Corporation A small gold mining town in Western Australia's Mid West is expected to double in population. | Shire of Cue commissioner Paul Omodei says a 250 person mining camp will be opened in the Cue townsite some time this year. | He says renewed interest in ...
Ricky Ponting, Michael Clarke have turned Australia's fortunes dramatically The Australian | THE statistics tell a tale not just of two cities but of two seasons, and in both instances, it was the best of times, it was the worst of times. | There is no worse time in Australian cricket than losing an Ashes series on home soil, and when Ricky Ponting and Michael Clarke reflect on last year's campaign against England, it would be the Adelai...
Smartphones drive record Samsung profit Canada Dot Com | SEOUL (Reuters) - Samsung Electronics Co posted a record $4.7 billion quarterly operating profit, driven by booming smartphone sales, and will spend $22 billion this year to boost production of chips and flat screens to pull further ahead of smaller rivals. | The South Korean firm, the world's top technology firm by revenue, is locked in break...