Gold miners continue to cut costs, up production and finally – raise more money

Northern Gold Mining Inc. (TSX VENTURE:NGM) and the Wahgoshig First Nation jointly announced on Friday that a strong cooperation and working relationship has developed since Northern Gold first began working on the Garrison Gold property two years ago.

As attractive deposits become harder and harder to find in traditional markets miners are pushing the limits of the political risk they are willing to take on. But things can go spectacularly wrong.

IDEX News reports BHP Billiton's Ekati diamond mine produced 481,000 carats in the last quarter of 2011, a 29% decline compared to a year ago. 80%-owner BHP Billiton wants to sell the mine, but Ekati could fetch only $300 million to $500 million a new report shows.

A Canadian oilsands company, Sunshine Oilsands, is turning to the Hong Kong stock exhange in hopes of raising between $500 million and $700 million through an IPO.

Quadra FNX Mining (TSX:QUX) has updated the resource at its Victoria Mine in Ontario, Canada.

The Calagary Herald tracked down Shane McClure, a gemologist, for his opinion of the world's largest emerald that is being auctioned in Kelowna this month, and McClure is wondering if the emerald is actually dyed beryl, a mineral that is relatively worthless.

Caving to pressure from environmental groups, the Obama administration on Wednesday rejected the $7 billion-plus Keystone XL pipeline which would have carried 700,000 barrels of crude oil a day from the Alberta oil sands to refineries along the US Gulf coast. The lack of pipelines like Keystone has meant that Canadian crude sells for much cheaper than global oil – on Wednesday the discount widened to over $30.

The U.S. State Department is set to announce Wednesday whether it will approve TransCanada’s controversial Keystone XL pipeline extension, U.S. media are […]

CB Gold was up 4.24% to $1.23 a share on Wednesday after announcing drilling results at its Vetas Gold project in Colombia.