SEMAFO (TSX: SMF) is pleased to provide an update on ongoing delineation drilling at Mana's Fofina area, a deposit that was discovered in 2010.

International uranium company Marenica Energy (ASX: MEY) is pleased to provide an update on ongoing resource in-fill and exploration drilling programs at its flagship 75%-owned Marenica Uranium Project located in Namibia, southern Africa. Drilling was

Niger, a major supplier of uranium to the French nuclear sector, wants a better price for its supplies, President Mahamadou Issoufou told state TV. Issoufou, who came to power after March elections that ended just over a year of military rule, said the poor desert state was determined to make the most of its resources.

Zhaojin Mining Industry Co Ltd said on Monday it passed a government safety inspection and would resume production at all its mines in Shandong province. In a filing with the Hong Kong bourse, the company said it received notification from the local government that all its Shandong mines had passed inspection.

Seventy six miners managed to escape from a Russian coal mine in the Arctic after a collapse caused by a geological event, one was rescued a day later but, two are remain unaccounted for. Two miners were missing in an Arctic Russian mine after an

Silver is seen as retesting $50 as precious metals provide a continuing protection against inflation and a predicted stock market crash.

PNG focused Goldminex Resources which targets large scale gold, copper and nickel deposits is pleased to announce it has signed a US$20 million Farm-In Agreement with Vale in respect to its Owen Stanley Package.

Gold and silver futures and ETF values have been increasing along with higher metals prices, with GLD hitting a new record in value terms if not in gold tonnage held. The recent increases in precious metals prices have been stimulating gold and silver demand.

Harmony Gold said on Friday that its Tshepong mine in South Africa remained shut and that lost production was expected to be 20 to 25 kgs of gold per day. South Africa's third largest gold miner said on Tuesday operations at Tshepong had shut after a worker died there following a rock fall.

Shareholders are advised that DRDGOLD expects its group gold production for the year ended 30 June 2011 (FY2011) to be about 10% higher than in the previous year, at around 265 200oz. Cash operating unit costs for FY2011 are expected to be about 8% higher. It is estimated that capital expenditure for FY2011 will be about 70% higher than the previous year, reflecting the continued development of the Crown/Ergo pipeline.

Harmony Gold Mining Company Limited (Harmony) announces that higher production from its growth assets resulted in overall production being higher quarter on quarter. Gold production for the June 2011 quarter is likely to be 3% higher than the previous

European Goldfields has raised its total resource and reserve estimates due to revised figures from its Skouries and Olympias projects in Greece, prompting a rise in its shares.