Gold

The mid-tier gold miner Northern Star Resources (ASX: NST) confirmed today that it had achieved A$11 million (US$11.53 million) in revenue in March from the Paulsens gold mine in the Pilbara region while incurring operating costs of about A$5 million (US$5.24 million). The operation produced 8,583 ounces of gold last month and sold 7,897 oz.

Centamin Egypt (CEY.L) (CEE.TO) said it expects full-year production to come in at the lower end of its 250,000-290,000 ounce guidance after output in the first quarter was hit by supply problems. It poured 45,204 ounces in the first quarter and said its Sukari operation remained largely unaffected by Egypt's political unrest.

Mongolia's massive Oyu Tolgoi copper-gold project is expected to begin production in August 2012, sooner than forecast, said Temuulen Ganzorig, Deputy Director of Erdenes MGL which partners with Ivanhoe Mines and Rio Tinto in developing the site.

International Minerals Corporation (TSX: IMZ) (SWISS: IMZ) reports updated mineral reserve and resource estimates for the Pallancata silver mine, Peru, jointly owned by IMZ (40% interest) and Hochschild Mining plc ("Hochschild", 60% interest) based on information supplied by Hochschild, the mine operator, as of December 31, 2010.

Nunavut is attracting the attention of the world's miners like never before, says Scotiabank commodities analyst Patricia Mohr, speaking at a mining summit in the mineral-rich Canadian northern territory. Nunatsiaq Online reports: Pushed by the developing world’s growing hunger for consumer items, civil unrest in many countries, and “random” events like the recent tsunami, earthquake and nuclear power plant disaster in Japan, mining companies around the world are eying Nunavut with far more interest than before.

With gold breaking through $1460 and silver settling well above $39, mid tier and junior gold and silver mining stocks in particular […]

Silver Quest Resources (TSX.V: SQI) (“Silver Quest” or “the Company”) is pleased to report the discovery of a significant gold-in-soil anomaly, referred […]

South African gold miner DRDGold (DRDJ.J: Quote) said on Wednesday that it expected gold production for March quarter to be about three percent lower than the previous quarter at around 67,400 ounces. It also said in a guidance for investors that cash operating costs were expected to be about six percent higher as a result of the lower production.

The key gold futures on the Tokyo Commodity Exchange scaled a 28-year high on Wednesday, driven by a rally to record peaks in the global gold market the day before and a weaker yen.