MINING.COM

Condor Gold surges on latest drilling results

Shares of London-based Condor Gold (LON:CNR) went up almost 11% Wednesday, closing at 125 pounds, as it revealed final results from its latest drilling programme at its 100% owned La India gold project in Nicaragua, Central America.

MINING.COM Staff Writer | August 29, 2012 | 5:11 pm

Gran Colombia gold announces additional purchases of shares by managers directors

Canadian Gran Colombia Gold Corp. (TSX:GCM), the largest underground gold and silver producer in the South American country, announced that senior managers and members of the board of directors have purchased a combined 380,000 common shares of the company.

Cecilia Jamasmie | August 29, 2012 | 4:08 pm

Anglo American sheds workers as coal prices plummet

London-based Anglo American (LSE:AAL) has joined an expanding list of coal producers making staff cuts at specific Australian operations, after it announced it will cut at least 50 jobs when its Moranbah North mine reverts back to a single longwall operation.

Cecilia Jamasmie | August 29, 2012 | 3:37 pm

Balmoral discovers three new areas of gold mineralization in Quebec property

Balmoral Resources (CVX:BAL) reported Wednesday that exploration drilling on its Martiniere Property, in central Quebec, conducted well outside the previously known extent of the site’s gold system, has intersected three new, broad areas of gold mineralization.

Cecilia Jamasmie | August 29, 2012 | 2:55 pm