Gold Top Stories

US to extend ban on mining near Yellowstone national park

US Interior Secretary Ryan Zinke wants to speed up a…

Freeport to yield control of giant Grasberg copper mine to Indonesia

The company has greed to reduce its stake in the…

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Midway Gold announces positive prefeasibility study for Pan Gold Project, Nevada

Midway Gold Corp. (TSX.V and NYSE Amex: MDW) announces the results of a positive Prefeasibility Study of its Pan gold project located in White Pine County, Nevada. The accompanying National Instrument (NI) 43-101 technical report will be filed on SEDAR within 45 days. This NI 43-101 report was independently prepared by Gustavson Associates, LLC ("Gustavson") of Lakewood, Colorado, and concludes that the Pan Project is economically viable and amenable to heap leach mining operations, as summarized below.

New Gold acquires Richfield for $550M

nnounced today. Under the arrangement, Richfield shareholders will receive 0.9217 of a New Gold share for each Richfield share, valued at $10.38. The offer represents a 31% premium to Richfield's share price as of Friday's market close. The deal has been approved by both company's boards.

Midway Gold looking to go underground at Midway

Denver-based Midway Gold is eyeing an additional underground resource at its Midway project in Nye County, Nevada. The company said on Friday that an NI 43101- compliant technical report updates a 2005 resource estimate that envisioned an open-pit mine. That estimate, prepared by Mine Development Associates, calculated an inferred low-grade resource of 5.5 million short tons containing 215,500 ounces of gold, with an average grade of 0.039 oz/ton.

Gammon Gold buys Capital Gold: BIV

Shareholders of New York-based Capital Gold (TSX:CGC) have approved a merger with TSX-listed Gammon Gold, BIV Business Today is reporting. The approval takes Timmins Gold Corp. out of the picture as a potential buyer of Capital Gold:

Lago Dourado acquires 100% interest in its flagship Juruena gold project

Lago Dourado Minerals Ltd. (TSX VENTURE:LDM) (the "Company") announced today that it has signed an agreement with Geomin to acquire a 100% interest in the remaining 16 exploration licenses, previously under option, at its flagship gold project Juruena, in the Mato Grosso state of Brazil. The Company will now hold a 100% interest in the entire project which consists of 25 exploration licenses, covering approximately 70,000 hectares. There is currently one drill rig turning at Juruena with two rigs expected to be added in the coming weeks.