YAMANA GOLD INC. (TSX:YRI) (NYSE:AUY) (LSE:YAU) ("Yamana" or "the Company") is pleased to announce that it has started operations at its Mercedes mine. The Mercedes mine, located in Sonora, Mexico, is Yamana's newest mine and represents the first of a number of new mines to begin production into 2013.
Swords (military weapons) to plowshares (tools that benefit mankind) is a concept in which military weapons/technologies are converted to peaceful civilian applications.
According to the World Gold Council’s Gold Demand Trends report for the third quarter 2011 released today, demand reached 1,053.9 tonnes, an increase of 6% compared to the same period last year. This equates to $57.7bn, an all-time high in value terms. The increase was driven by investment demand which rose by 33% year-on-year to 468.1 tonnes, generating record quarterly demand of $25.6bn, and came despite a steep drop-off Indian jewellery demand which was down 26% thanks to disappointing Diwali sales.Chinese jewellery demand was 13% higher year-on-year at 131.0 tonnes and topped Indian sales for the first time as Chinese jewellers expand outside the bigger cities.
Micrex Development Corp. (TSX VENTURE:MIX) is pleased to announce that it has contracted Geotech Ltd. of Aurora, Ontario to complete a helicopter-borne VTEM electromagnetic and magnetic geophysical survey of the Deadwood-Sunburst Property, New Mexico, which covers the historic Deadwood Mine and surrounding area. CALGARY, ALBERTA--(Marketwire - Nov. 17, 2011) - Micrex Development Corp. (TSX VENTURE:MIX) is pleased to announce that it has contracted Geotech Ltd. of Aurora, Ontario to complete a helicopter-borne VTEM electromagnetic and magnetic geop...
Maya Gold & Silver Inc. ("Maya" or the "Corporation) (TSX-V: MYA.V - News) has filed with the Canadian securities regulators, a NI43-101 Technical Report dated November 7, 2011 (the "Report") to support the pre-production work program at the Amizmiz Property. MONTREAL, QUEBEC--(Marketwire - Nov. 17, 2011) - Maya Gold & Silver Inc. ("Maya" or the "Corporation) (TSX VENTURE:MYA) has filed with the Canadian securities regulators, a NI43-101 Technical Report dated November 7, 2011 (the "Re...
TORONTO, ONTARIO--(Marketwire - Nov. 16, 2011) - Forbes & Manhattan Coal Corp. (TSX:FMC)(JSE:FMC) ("Forbes Coal" or the "Company"), through its subsidiary Slater Coal Proprietary Limited, has secured a ZAR230 million (approximately C$30 million) loan facility from Investec Limited ("Investec"), an international investment and private banking group. Funds from the loan facility will be used to further the Company's expansion plans.
TORONTO, ONTARIO--(Marketwire - Nov. 16, 2011) - Torex Gold Resources Inc. ("Torex" or the "Company") (TSX:TXG) is pleased to announce that 63.9 million common share purchase warrants have been exercised into an equivalent number of common shares of the Company at a price of $1.30 per share, for total proceeds to the Company of $83 million. Of this total, three million warrants were exercised before July 31, 2011. "We want to thank our shareholders for their confidence and support since we first acquired the Morelos Gold Project two years ago." said Fred Stanford, President and CEO of Torex. "These additional funds will allow us to accelerate the de-risking of the Morelos Gold Project and to aggressively search for new discoveries on the property." he added.
TORONTO, ONTARIO--(Marketwire - Nov. 16, 2011) - Rio Verde Minerals Development Corp. (TSX:RVD) ("Rio Verde" or the "Company") is pleased to announce the completion of the first drill hole, SED-001-11 ("SED-001-11", the "Hole") at its Sergipe Potash Project ("Sergipe" or the "Sergipe Project"), located in the Sergipe Basin in northeastern Brazil. Drilling of the SED-001-11 hole was completed on November 12, 2011, when the target depth of 1,350m was reached. The Hole, which is the first of three holes planned at the Sergi Prospect, is a twin hole of an historical Petrobras oil well located 115m to the northwest of SED-001-11.
In an article published on BNWnews.ca focussing on potash industry developments in the wake of continuing high prices and record food demand, Western Potash, with arguably the world’s most advanced ‘independent’ potash project, is highlighted as a company getting a lot of attention from potential state-funded buyers.
TORONTO, ONTARIO--(Marketwire - Nov. 15, 2011) - Avion Gold Corporation (TSX:AVR)(OTCQX:AVGCF) ("Avion" or the "Company") today announces its financial results for the third quarter ended September 30, 2011. All amounts are in United States dollars unless otherwise indicated. Earnings Per Share of $0.02. Cash Costs of $806 Per Ounce Produced in Third Quarter 2011