Tag: Gold

Shares in Hummingbird Resources (AIM: HUM) rose on Tuesday after the Africa-focused miner said its talks with the main contractor at its Kouroussa gold mine in Guinea are progressing, adding it hopes the issue will soon be resolved.

Gold Rim Exploration Inc. reported it is drilling excellent grades and long intercepts at its Bonanza Creek project in the Yukon. The project consists of Carmack Forks and Gay Gultch mining areas and their processing plant, named Giant Bee being approximately 8 kilometers away by road.

Australia’s Westgold Resources (ASX: WGX; US-OTC: WTGRF) is buying Karora Resources (TSX: KRR; US-OTC: KRRGF) in a $1 billion (A$1.23 billion) cash-and-shares deal to control the jewel in the country’s gold sector.

New Found Gold (TSXV: NFG, NYSE: NFGC) is reporting bonanza-grade drill results at its Iceberg target on the Queensway project in central Newfoundland.

OceanaGold (TSX: OGC; US-OTC: OCANF) is hoping its Waihi North project will meet the requirements for accelerated development of major projects under a new permitting regime introduced by New Zealand’s recently elected government.

Vancouver-based Solaris Resources (TSX: SLS) announced a trilateral cooperation agreement with the Interprovincial Federation of Shuar Centers (FICSH) and Ecuador’s Alliance for Entrepreneurship and Innovation.

The indicated resource count at Tudor Gold‘s (TSXV: TUD) flagship Treaty Creek project in British Columbia has grown by 19% in terms of gold-equivalent ounces following last year’s drill program targeting the northern portion of the Goldstorm deposit.

SolGold (TSX: SOLG; LSE: SOLG) has managed to slash the upfront cost of its 100%-owned Cascabel project in Ecuador while the company continues to explore the potential sale of its flagship copper-gold property. A new pre-feasibility study released Friday showed a sizeable reduction in the initial capital cost, highlighted by over US$1 billion in savings.

Gold Rim Exploration Inc. is proud to announce the successful acquisition of a 49% stake in the gold mine located near Bulawayo, Zimbabwe. This acquisition, for an undisclosed amount, marks a significant milestone in the company’s expansion into the African mining sector.

Silvercorp Metals’ (TSX: SVM; NYSE: SVM) planned takeover of African gold developer OreCorp (ASX: ORR) has been cleared by the Tanzanian Fair Competition Commission (FCC).

Zhaojin Mining has once again extended the offer period in its bid for Australia’s Tietto Minerals (ASX: TIE), a West Africa-focused gold producer.

Danakali (ASX: DNK) warned shareholders on Friday of “predatory activity” by unidentified groups currently approaching investors with “vulture” offers for their stakes in the company, seeking to pay as little as A1¢ per share.