Gold

Rescuers and heavy equipment are picking through the debris in hopes of finding more survivors after a landslide thundered down a mountainside in the Philippines on Good Friday. The avalanche of mud hit the mining village of Panganason around 2:30 am Friday morning, according to a story posted on Inquirer.net. Clad in orange suits, the rescuers sifted through the rubble in the hope of adding more survivors—15 so far—plucked from the mud and rocks. But 21 people remained unaccounted for, according to Maj. Jake Obligado, commanding officer of the 71st Infantry Battalion.

Academy-award winning director, actor and environmental activist, Robert Redford, Thursday became the latest face of those opposed to the development of the massive Pebble copper-gold mining project near Bristol Bay in Alaska. In a blog published on the Huffington Post political website, Redford claimed, "I am not against mining. I am against putting mega-mines where they don't belong."

Newstrike Capital Inc. (TSX-V:NES) is pleased to announce additional drill results from the company's 100%-owned Ana Paula Project, Guerrero Gold Belt (GGB), Mexico. The reported drill holes represent a cross section of targets from ongoing widely spaced step out and infill drilling that continues to intercept gold mineralization over multiple mineralized horizons.

The cost of developing the huge Wafi-Golpu gold-copper project in PNG could be as much as $4billion according to Harmony CEO, Graham […]

African Barrick Gold (ABGL.L: Quote) said its net profit declined in the first quarter as lower production and higher costs offset rising gold prices. Net profit fell 5 percent to $50.4 million as the miner's production dipped 2 percent to 173,907 ounces. Cash costs jumped 28 percent to $658 an ounce.

Drilling beyond the open-pit shell of an already massive gold deposit, Detour Gold is pushing the limits of gold mineralization with new discoveries. Detour Lake keeps getting bigger for Detour Gold (TSX: DGC). Twelve of 20 drillholes collared outside the western extent of its proposed open-pit project in northeastern Ontario — which so far contains proven and probable reserves of 14.9 million ounces gold @ 1.03 g/t gold — hit long gold-mineralized intercepts.

Russia's top gold digger said it produced 323,000 ounces of the yellow metal in Q1, 60% more than the same period the year before Russia's top gold producer Polyus Gold (PLZL.MM: Quote) said on Wednesday its output in the first quarter of this year was

Kaminak Gold Corporation (TSX-V:KAM) today announced that the 2011 drill program has begun on the company's 100%-owned Coffee Gold Project, located in the White Gold District, Yukon Territory. This program marks the start of just the second year of drilling, which aims to significantly build upon the highly successful 2010 program where eight gold discoveries were drilled over a 15km by 5km area of the Coffee Gold Project.

Dampier Gold Limited (ASX:DAU) is pleased to announce the results of recently completed resource estimates for the K1 and K2-K3 deposits located within the company’s 100%-owned Plutonic Dome project. These updated estimates continue Dampier’s methodical review of previous models generated for the significant gold deposits within the Plutonic Dome project area. The new resource estimates are based on drilling completed by the previous owners and by Dampier in 2010 and incorporates updated interpretations of the mineralization. Image by Dampier Gold