Argonaut Gold acquires Cerro Del Gallo project in Mexico for $15 million

Banro's Twangiza oxide mine poured its first gold Q4 2011and it owns four additional licences along the same rich gold belt in the east of the country. After bumping up its debt offering to $175 million on Friday the company says it can now start building a second oxide mine.

Toronto-based firm's Definitive Feasibility Study for its 100% owned Aurora Gold Project in Guyana, the nation's only large-scale licensed gold mine development project, makes investors see red.

Shares in Newmont Mining was down 2.7% on Friday after the company announced a $1.6 billion charge after mothballing its Hope Bay project in northern Canada.

Canadian miner Mandalay Resources (TSX: MND, MND.WT) announced today that scheduled shipment of concentrate for February from the Cerro Bayo silver-gold mine in Chile has been delayed due to increasing public protests in the south of that country.

Colombia’s President, Juan Manuel Santos, announced yesterday that the country will be issuing a new mining code to boost the industry and reinforce control of illegal mining.

The Saskatchewan government has given approval for Golden Band Resources Inc. to open its Golden Heart gold mine in northern Saskatchewan.

Gold's recent move higher to within sight of $1,800 an ounce for the first time since September is tracking that of oil which is trading at a nine-month high on tensions between the West and Iran. Gold futures have gained $185/oz so far this year.

Coeur d'Alene Mines Corp. broke production and sales records in 2011.

According to a recent report generated by the Ontario Ministry of Tourism and Culture, the Prospectors and Developers Association of Canada's (PDAC) Convention contributed nearly $72 million to Toronto's economy in 2011.