Kimberlite deposit in Nunavut twice as deep as previously estimated

Peru's Madre de Dios gold-rich region is losing US$560,000 a day as a result of informal miners' protests happening in the area since Monday, said the country’s president of the regional chamber of commerce, Roman Meza.

Mexico’s exploration expenditures are the highest in Latin America, reaching a record high of almost US$1 billion in 2011, says the latest report released by the Metals Economics Group’s (MEG), a think tank based in Halifax, Canada.

The country's deputy energy and mining minister says the new regulation that changes the rules on foreign ownership of mines applies to all companies and is not aimed specifically at Freeport McMoRan.

Hudbay Minerals (TSE:HBM) rang in the fourth quarter with a $34.3 million profit or 21 cents per share, compared to $7.9 million or seven cents a share at the end of 2010.

VANCOUVER, March 7, 2012 /CNW/ - Extorre Gold Mines Limited (AMEX: XG; TSX: XG; Frankfurt:E1R, "Extorre" or the "Company") is pleased to announce that it has entered into an agreement pursuant to which Canaccord Genuity Corp. (the "Underwriter"), has offered to purchase, on a bought deal private placement basis, 3,530,000 common shares (the "Shares") of the Company at a price of C$7.10 per Share for total gross proceeds of C$25,063,000 (the "Offering").

Despite the Ontario government’s efforts to avoid a confrontation between Kitchenuhmaykoosib Inninuwug (KI) community members and God's Lake Resources representatives during the world’s leading mining exploration Convention, PDAC, the conflict keeps escalating. Today, KI Chief Donny Morris released a video, shot at Sherman Lake site yesterday, where he is settled to stop any advance from small Canadian mining exploration company God’s Lake Resources (GLR).

MONACO, March 6, 2012 /CNW/ - Endeavour Mining Corporation ("Endeavour" or the "Corporation") (TSX:EDV, ASX:EVR) is pleased to announce it has entered into a definitive agreement with Resolute Mining Limited ("Resolute") (ASX:RSG) for the sale and transfer of its 40% interest in the licenses and associated property comprising the Finkolo Joint Venture (the "Finkolo JV") in Mali for total consideration of $20 million in cash.

Gold prices tumbled to $36.45 or 2.1% to $1,669.21 per ounce on Tuesday morning due to worries about Greece and a flight to the American dollar.

Over 5,000 informal miners started an indefinite protest in the gold-rich Peru's Madre de Dios region on Monday, demanding the government to revoke a new decree that regularizes small-scale and artisanal operations.