Overview PMI Gold has been active in Ghana for 14 plus years and now controls four previous operating mines on 658 square kilometres of leases and concessions located along the prolific Ashanti and Asankrangwa gold belts in Ghana. Ghana is Africa’s second largest gold producer and has attracted over $7 billion in foreign direct investment [...]
The Canadian Press reports Gold Reserve has rejected an unsolicited takeover offer from Rusoro Mining. Rusoro offered two shares for each share of Gold Reserve – a proposal that the Spoke, Wash.-based company’s board said was inadequate and not in the best interests of shareholders. Doug Belanger, President of Gold Reserve says: “This highly conditional expression [...]
National Post reports that GBS news on production will fall in 2009. GBS is in the midst of operational review of the company to address the company’s short term mine schedule and cash position following production disruptions at the Brocks Creek underground mine in the Northern Territory of Australia. For complete story, click this link. Follow [...]
Gold Reserve Inc. reports that it has received an unsolicited non-binding expression of interest from Rusoro Mining Ltd. The Board of Directors of the Company reviewed the expression of interest and unanimously determined that it is inadequate and not in the best interests of the Company’s shareholders. President of Gold Reserve, Doug Belanger states: “This highly conditional expression [...]
Apollo Gold Corporation reports that it has repaid the balance of the facilities agreement owing to RMB Resource Inc. of US$1,654,000. On October 12, 2007, Apollo entered into a US$8.0 million Facility Agreement (the “Facility Agreement”) by and among Apollo and its wholly owned subsidiaries, Montana Tunnels Mining, Inc. and Apollo Gold, Inc., as borrowers and [...]
By Dave Brown – Exclusive to Gold Investing News Question: What do a Wall Street banker, a US Federal Reserve official and a jewellery retailer have in common these days? Answer: All three are happy to learn that US consumer confidence has recovered more than expected in August as fears over inflation eased. The actual [...]
Overview Tiger International Resources Inc. is a public company which is primarily engaged in exploration and development of mining properties. The Company is incorporated under the provision of the Province of British Columbia Company Act with its shares traded on the Canadian Venture Exchange under the code TGR.V. Tiger International Resources Inc. is a resource [...]
Firstgold Corp. reports that it has received its Reclamation Permit to begin production at the Relief Canyon Mine. The permit is contingent on the company increasing its reclamation bond to $2.8 million bond with the BLM. The company has deposited the required amount and is awaiting the BLM’s adjudication of the bond which it expects to receive [...]
Rubicon Minerals Corp. reports it has intersected additional bonanza grade gold at its F2 Zone, Red Lake gold district of Ontario. Previous drilling (see news releases dated May 5, 2008 through July 8, 2008), has identified significant zones of mineralization (the F2 Zone) including high-grade intercepts as outlined in Table 1. Bonanza grades in emerging North [...]
Reuters reports the price of gold recovered in Europe as rising oil prices lifted the metal and the dollar slipped from a 6-month high against the euro. Gold <XAU=> climbed back up to $823.50/824.50 an ounce at 1346 GMT from $820.20/821.40 an ounce late in New York on Monday. VM Group analyst, Matthew Turner says: “Everything is being led [...]
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