Gold

A day after violent demonstrations forced the cancellation of the grand opening of its newly minted Independencia Mine in Paraguay, Latin American Minerals (CVE:LAT)(OTCQX:LATNF) announced that it began operations at its Pilot Plant facility, located at the Paso Yobai gold project.

Imperial Metals Corporation (TSX:III) reports a tonnage increase of 103% in the Measured and Indicated Resource at its Red Chris copper/gold deposit. VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 2, 2012) - Imperial Metals Corporation (TSX:III) reports a tonnage increase of 103% in the Measured and Indicated Resource at its Red Chris copper/gold deposit. The 2012 Technical Report(1) (...

Fuming investors facing a flood of new shares clobbered Novagold on Thursday after it added almost 10 million shares to its bought deal offering and gave the option for another 5 million to institutions at a steep discount to the ruling price.

New Gold Inc. (TSX and NYSE AMEX:NGD) today announces fourth quarter 2011 gold production of 100,671 ounces which resulted in record annual production of 387,155 ounces during 2011. The company, once again, met its gold production guidance range of 380,000 to 400,000 ounces during the year. Quarterly and annual total cash cost per ounce sold, net of by-product sales, were $561 and $448 per ounce, respectively.

Comment from Jeff Nichols suggests that Chinese gold production and consumption may be considerably higher than the statistics released by the country would indicate.

NovaGold Resources Inc. (NYSE Amex:NG)(TSX:NG) ("NovaGold" or the "Company") today announced that it has entered into an agreement with a syndicate of underwriters, led by RBC Capital Markets and J.P. Morgan Securities LLC under which they have agreed to purchase from NovaGold and sell to the public 26,400,000 Common Shares at a price of US$9.50 per Common Share.

Vietnam's central bank wants to "mobilize" gold from citizens which it says are hoarding 300 – 500 tonnes to free up funds for socio-economic development in the communist country.

Originally the Bogoso/Prestea oxide plant in Ghana operated from 1990 to 2008, until it was sidelined due to a lack of an adequate oxide ore supply required to keep the plant afloat. After three years of being put on care and maintenance, Golden Star Resources (TSX:GSC) (AMEX:GSS) announced the re-commissioning of the oxide plant at Bogoso/Prestea, a move that’s expected to generate up to 70,000 ounces of gold in 2012.

Scotgold Resources announced Tuesday it expects to receive a mining lease from the Crown for the Cononish gold and silver project, the only one of its kind in the UK,  in May this year. Production could start early in 2013.