Gold Top Stories

SolGold on a roll in Ecuador, extends mineralization at Cascabel

The Cascabel project is located in the northern portion of…

Romania wants city of Rosia Montana application to be pulled from UNESCO list

Move could mean good news for Gabriel Resources' long-stalled namesake…

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Nunavut to benefit from ‘tsunami’ of money flowing into Canadian mining, oil and gas: Nunatsiaq Online

Nunavut is attracting the attention of the world's miners like never before, says Scotiabank commodities analyst Patricia Mohr, speaking at a mining summit in the mineral-rich Canadian northern territory. Nunatsiaq Online reports: Pushed by the developing world’s growing hunger for consumer items, civil unrest in many countries, and “random” events like the recent tsunami, earthquake and nuclear power plant disaster in Japan, mining companies around the world are eying Nunavut with far more interest than before.

DRDGold expects march quarter gold production to decline

South African gold miner DRDGold (DRDJ.J: Quote) said on Wednesday that it expected gold production for March quarter to be about three percent lower than the previous quarter at around 67,400 ounces. It also said in a guidance for investors that cash operating costs were expected to be about six percent higher as a result of the lower production.

Reuters: Kinross Gold to pay $350 million for full ownership of Russian mine

Kinross Gold, recently cashed up from its stake sale in Harry Winston Diamond Corp., has now agreed to pay $350 million for full ownership of the Kupol mine in Russia. The mine would account for about 17% of Kinross' gold equivalent production in 2011. Reuters reports: Gold miner Kinross Gold Corp. said it signed an agreement to buy the stake it does not already own in Chukotka Mining and Geological Co for about $350 million, giving it full ownership of the Russian mining company.