Gold price surge lifts New Gold’s Q3 profit

The miner's third-quarter operating profit increased to $49.5 million from $29.3 million a year earlier, boosted by the surge in the price of gold. TORONTO (Reuters) - New Gold said on Friday its third-quarter operating profit was boosted by the surge in

Mineweb | November 4, 2011 | 4:49 pm

Norilsk Nickel envisages $35bn worth of investment to 2025

The company's board has approved a strategy that envisages investments to the tune of $35 billion between 2011 and 2025 to expand its resource base and raise output. The board of Russian miner Norilsk Nickel has approved a strategy that envisages

Mineweb | October 28, 2011 | 1:35 pm

Auryx Gold Announces Filing Of NI 43-101 Preliminary Economic Assessment

- Auryx Gold Corp. ("Auryx" or the "Company") (TSX: AYX, NSX: AYX) is pleased to announce the filing on SEDAR of its NI 43-101 Preliminary Economic Assessment on the Otjikoto Project prepared by SRK Consulting (South Africa) Pty Ltd. dated October 25,

Mineweb | October 28, 2011 | 12:23 pm

Flinders Mines Quarterly Report for the period ending 30 September 2011

Highlights Corporate Strategic options review progressing Available funds of A$31.4 million at 30 September 2011 Assay results for Measured Resource drilling continue to deliver excellent results New resource estimate is underway and expected for

Mineweb | October 28, 2011 | 12:23 pm

Burey Gold – Drill Results Reveal Thick Zones of Uranium Mineralisation

Burey Gold Limited (ASX : BYR) is pleased to report assay results from the recently completed first pass reverse circulation (RC) and diamond core drilling program on five regional radiometric anomalies at its Balatindi Licence in Guinea. All RC sample

Mineweb | October 28, 2011 | 12:23 pm

Global Geoscience Quarterly Activities Report for the quarter ended 30 September 2011

Highlights Maiden drill program at Excelsior gold project in Nevada returns multiple zones of shallow, oxidised gold mineralisation over a total strike length of 2.2km including: GE08: 7.6m at 5.1g/t Au from 93.0m GE14: 7.6m at 2.9g/t Au from 19.8m GE02:

Mineweb | October 28, 2011 | 12:23 pm

Ramelius Resources Quarterly Report for the period ended 30 September 2011

Highlights Fine gold production for the quarter was 16,348 ounces. Gold Sales for the quarter were A$35.49m Milled ore for the quarter was 39,056 tonnes at 12.42 g/t gold recovered, of which 27,967 tonnes at 14.67 g/t gold recovered was from Wattle Dam

Mineweb | October 28, 2011 | 12:23 pm

Avocet Mining sees Q3 output fall at Burkina Faso mine

Avocet's third-quarter gold production at its flagship Inata mine in Burkina Faso fell to 33,256 oz from 39,423 oz in the previous quarter, weighed down mainly by lower grades and an equipment failure. (Reuters) - West Africa-focused Avocet Mining

Mineweb | October 28, 2011 | 8:33 am

Colombia heats up as Beaty’s Lumina Capital buys into CB Gold

The Colombia junior exploration story generated more buzz Thursday as Beaty's Lumina Capital financed CB Gold. HALIFAX, NS - A financing fever continues to grip Colombia-focused juniors as Lumina Capital, founded by renowned mining-mogul Ross Beaty,

Mineweb | October 27, 2011 | 9:30 pm

Claude Resources sweetens bid for St. Eugene Mining

Gold-producer Claude Resources (TSX: CRJ; NYSE: CGR) sweetened its bid for St. Eugene Mining (TSX-V: SEM) in a now friendly all-share takeover offer.

Mineweb | October 26, 2011 | 5:51 pm

China steel mill destocking hurting iron ore prices – Fortescue

Fortescue's CEO, Nev Power, told a media conference on Wednesday that iron ore prices will continue to plummet as long as Chinese steel mills continue destocking inventories. Iron ore prices will continue to face downward price pressure until Chinese

Mineweb | October 26, 2011 | 9:49 am

Iberian hits new polymetallic zone west of Agua Tenidas mine in Spain

At first, due to a typo, it looked like Iberian had hit high-grade gold. But with a quick correction, gold turned to silver. HALIFAX, NS - Iberian Minerals (TSX-V: IZN) discovered a new zone of copper-zinc-lead-silver not far from its operating Agua

Mineweb | October 26, 2011 | 8:11 am

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