MINING.COM

Good news from West Timmins gives Lake Shore Gold 8% bump

Lake Shore Gold added 8.2% on Thursday after announcing positive financial and operating results for the first quarter as it accelerates a $160 million capex programme for the year.

Frik Els | May 10, 2012 | 6:34 pm

Colt Resources on a roll in Portugal

Colt Resources (TSX-V:GTP) added 5.9% on Thursday on higher than usual trading volumes, after announcing positive drill results from its Boa Fé gold project in southern Portugal.

Frik Els | May 10, 2012 | 5:44 pm

Avion Gold languishing near 52-week low despite almost doubling resources in Mali

Shares of Avion Gold failed to recover on Thursday after taking a 28% pummeling the day before, despite announcing vastly improved mineral resources at its Tabakoto Project in Mali, West Africa.

Frik Els | May 10, 2012 | 4:53 pm

AngloGold profit almost double in Q1 and plans investments of $1.9 billion to boost production

Africa's largest gold miner AngloGold Ashanti (NYSE:AU) posted first-quarter earnings Thursday of $429 million, which more than double the same period last year, despite a drop in production on the year.

Cecilia Jamasmie | May 10, 2012 | 1:32 pm

African Barrick goes ahead with Tanzania’s Bulyanhulu expansion

African Barrick Gold (LON:ABG) shares rose 6% today as the miner announced its board has approved a $185 million expansion at Bulyanhulu, its underground gold mine in Tanzania.

Cecilia Jamasmie | May 10, 2012 | 1:02 pm

Taseko redux? BC first nation flexes muscles on Red Chris

A proposal by Imperial Metals to develop the Red Chris mine in northern BC is not sitting well with a local First Nation.

MINING.com Editor | May 9, 2012 | 11:49 pm

Greece no good for gold on its way to 2012 low

Gold is now down almost 17% from its all-time record high of $1,911.60 an ounce set on September 6 last year.

Frik Els | May 9, 2012 | 6:57 pm

Ryan Gold Corp.: 2012 exploration and drilling plans for the Yukon Territory

Ryan Gold Corp. (TSX VENTURE:RYG) ("Ryan Gold" or the "Company") is pleased to announce its exploration plans for the 2012 exploration season in the Yukon Territory.

Marketwire - Mining and Metals | May 9, 2012 | 6:00 pm

Mongolia backtracks on state ownership of mining companies

Fearing a backlash by foreign investors in the mining sector – the foundation of the country's economy – Mongolian legislators on Tuesday watered down many of the provisions of draft legislation that gives the state greater control and ownership of mining projects.

Frik Els | May 9, 2012 | 4:52 pm

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