Orezone Gold Moves Closer to Gaining Permits for Bomboré Project

Orezone Gold Moves Closer to Gaining Permits for Bomboré Project

Orezone Gold has made further progress at its Bomboré gold project in Burkina Faso, announcing Wednesday that it's submitted a mining permit application to the government there. The application package includes both an environmental and social impact assessment as well as a relocation action plan for local residents that will be affected by the development.

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Videos

Mickey Fulp: ‘We Need to Eliminate the Zombie Miners’

Mercenary Geologist Mickey Fulp wasn't able to make it to PDAC this year, but that doesn't mean he wasn't watching what went on at the conference. In this video, Fulp delivers interesting information about the finances of some companies in attendance, also touching on issues currently plaguing many major gold miners.

Brent Cook: The Most Common Mistake Investors Make

Brent Cook of Exploration Insights was certainly in demand at PDAC. However, Resource Investing News was able to snag a few minutes with him to chat about his thoughts on the gold space and what to look for in a gold company. When asked about the biggest mistake investors make when doing their due diligence on a company, Cook suggested that some rely on hope, or view the space too much as a "treasure hunt," rather than objectively assessing a company's performance.

Company News

Gold Resource Corporation Sustains Temporary Protest at Aguila

Gold Resource Corporation (NYSE MKT:GORO) reported that it has sustained an illegal mine protest and work stoppage at its Aguila project. The protest has ended and Gold Resource is working to return the project to normal operations in the next few days.

Roxgold Receives Mining Convention Approval for Yaramoko

Roxgold (TSXV:ROG) has received approval for its mining convention at the Yaramoko gold project from Burkina Faso's Council of Ministers. Previously, Roxgold received approval of a state decree for the project, granting it the rights to develop and operate Yaramoko.

Scorpio Gold Reports $12.3 Million Revenue for Q1

Scorpio Gold Reports $12.3 Million Revenue for Q1

Scorpio Gold (TSXV:SGN) reported revenue of $12.3 million for the first quarter ended March 31, 2015, as well as a total cash cost per ounce of gold sold of $797. The Company reported production of 11,952 ounces of gold at the Mineral Ridge mine during Q1 of 2015, an increase of 16% compared to Q1 of 2014. This was mainly caused by increased leach solution flow to the heap leach pad.

Avrupa Minerals Drills 30 Meters of 6.92 G/t Gold at Slivovo Project

Avrupa Minerals Drills 30 Meters of 6.92 G/t Gold at Slivovo Project

Avrupa Minerals (TSXV:AVU) reported drill results from its Slivovo project in Kosovo. Hole SLV 011 intercepted 30 meters of 6.92 grams per tonne of gold and 16.2 grams per tonne of silver. Phase 1 and 2 drilling has been completed at the project, and phase 3 drilling has commenced.

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Company Videos

Colombian Mines’ CEO Robert Carrington Provides an Update on El Dovio and Mercedes Projects

Colombian Mines Corporation (TSXV:CMJ) CEO Robert Carrington reported developments at El Dovio and Mercedes projects in Colombia. He says, "Colombia Mines is currently expanding the permitting at El Dovio to increase the area that we can drill from and better interpret and expand the potential resources there. We're also working on a hydrologic survey at our Mercedes project that will see us get the water permits we need so we'll be able to drill that later in 2015."

Orezone Gold CEO Ron Little Talks Gold in Burkina Faso

Orezone Gold Corporation (TSX:ORE) CEO Ron Little spoke to the Investing News Network at the 2015 PDAC conference in Toronto about the Bomboré Gold Project in Burkina Faso, West Africa: "we are currently finishing a feasibility, it should be wrapped up by the end of March, [sic] file the document in April, and spend the rest of this year trying to finance and building the project."

Market News

Austria to Repatriate Some Gold from London by 2020

Reuters reported that the Austrian central bank's decision to repatriate a quantity of gold from London by 2020 is "absolutely not" linked to the possibility that Britain will leave the European Union.

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